Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2015

The following tables show the operations of the Company’s operating segments:



	Net Sales to		Net Sales to									As of June 30,
For the three months ended	External		Other			Total Net			Segment			2015
June 30, 2015	Customers		Segments			Sales			Profit			Goodwill
U.S. Operations	$	203,352	$	22,840		$	226,192		$	36,964		$	308,863
Swiss Operations	33,234		102,019			135,253			33,654			23,198
Western European Operations	150,143		27,540			177,683			23,346			96,552
Chinese Operations	91,012		45,250			136,262			36,179			746
Other (a)	104,316		1,588			105,904			9,990			13,123
Eliminations and Corporate (b)	—		(199,237		)	(199,237		)	(21,823		)	—
Total	$	582,057	$	—		$	582,057		$	118,310		$	442,482



	Net Sales to		Net Sales to
For the six months ended	External		Other			Total Net			Segment
June 30, 2015	Customers		Segments			Sales			Profit
U.S. Operations	$	381,572	$	41,132		$	422,704		$	61,190
Swiss Operations	64,458		201,802			266,260			70,224
Western European Operations	292,219		54,900			347,119			43,687
Chinese Operations	177,461		88,755			266,216			69,415
Other (a)	202,048		2,945			204,993			18,972
Eliminations and Corporate (b)	—		(389,534		)	(389,534		)	(47,872		)
Total	$	1,117,758	$	—		$	1,117,758		$	215,616


(a)	Other includes reporting units in Eastern Europe, Latin America, Southeast Asia and other countries.


(b)	Eliminations and Corporate includes the elimination of inter-segment transactions and certain corporate expenses and intercompany investments, which are not included in the Company’s operating segments.



	Net Sales to		Net Sales to									As of June 30,
For the three months ended	External		Other			Total Net			Segment			2014
June 30, 2014	Customers		Segments			Sales			Profit (c)			Goodwill
U.S. Operations	$	193,354	$	21,136		$	214,490		$	32,383		$	307,975
Swiss Operations	34,141		108,163			142,304			31,917			24,229
Western European Operations	169,517		27,435			196,952			23,685			109,921
Chinese Operations	99,922		37,398			137,320			38,488			738
Other (a)	111,900		1,947			113,847			10,929			14,896
Eliminations and Corporate (b)	—		(196,079		)	(196,079		)	(24,454		)	—
Total	$	608,834	$	—		$	608,834		$	112,948		$	457,759



	Net Sales to		Net Sales to
For the six months ended	External		Other			Total Net			Segment
June 30, 2014	Customers		Segments			Sales			Profit (c)
U.S. Operations	$	357,348	$	41,912		$	399,260		$	54,020
Swiss Operations	67,147		216,388			283,535			64,145
Western European Operations	330,084		56,874			386,958			44,561
Chinese Operations	191,543		72,942			264,485			70,284
Other (a)	213,333		3,082			216,415			20,088
Eliminations and Corporate (b)	—		(391,198		)	(391,198		)	(49,197		)
Total	$	1,159,455	$	—		$	1,159,455		$	203,901


(a)	Other includes reporting units in Eastern Europe, Latin America, Southeast Asia and other countries.


(b)	Eliminations and Corporate includes the elimination of inter-segment transactions and certain corporate expenses and intercompany investments, which are not included in the Company’s operating segments.


(c)	2014 Segment profit between the U.S., Swiss, and Chinese Operations has been reclassified to conform to the current period.

A reconciliation of earnings before taxes to segment profit for the three and six month periods ended June 30 follows: