Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2019

Operations of the Company's operating segments

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

	Net Sales to		Net Sales to									As of September 30,
For the three months ended	External		Other			Total Net			Segment			2019
September 30, 2019	Customers		Segments			Sales			Profit			Goodwill
U.S. Operations	$	269,038	$	28,075		$	297,113		$	54,628		$	410,021
Swiss Operations	33,415		160,736			194,151			54,226			21,803
Western European Operations	168,652		42,794			211,446			29,888			83,971
Chinese Operations	142,292		60,710			203,002			72,745			615
Other (a)	140,469		1,513			141,982			17,938			14,814
Eliminations and Corporate (b)	—		(293,828		)	(293,828		)	(33,210		)	—
Total	$	753,866	$	—		$	753,866		$	196,215		$	531,224

	Net Sales to		Net Sales to
For the nine months ended	External		Other			Total Net			Segment
September 30, 2019	Customers		Segments			Sales			Profit
U.S. Operations	$	771,578	$	80,791		$	852,369		$	146,599
Swiss Operations	98,350		466,398			564,748			156,361
Western European Operations	498,240		126,050			624,290			77,842
Chinese Operations	400,473		170,135			570,608			197,718
Other (a)	396,043		4,108			400,151			45,425
Eliminations and Corporate (b)	—		(847,482		)	(847,482		)	(102,148		)
Total	$	2,164,684	$	—		$	2,164,684		$	521,797

(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 September 30,
For the three months ended	External		Other			Total Net			Segment			2018
September 30, 2018	Customers		Segments			Sales			Profit			Goodwill
U.S. Operations	$	255,379	$	25,050		$	280,429		$	41,890		$	410,022
Swiss Operations	31,463		148,418			179,881			44,542			22,404
Western European Operations	173,170		41,923			215,093			30,046			89,915
Chinese Operations	140,098		64,079			204,177			75,762			644
Other (a)	134,736		1,334			136,070			19,179			14,877
Eliminations and Corporate (b)	—		(280,804		)	(280,804		)	(29,454		)	—
Total	$	734,846	$	—		$	734,846		$	181,965		$	537,862

	Net Sales to		Net Sales to
For the nine months ended	External		Other			Total Net			Segment
September 30, 2018	Customers		Segments			Sales			Profit
U.S. Operations	$	736,598	$	72,203		$	808,801		$	118,141
Swiss Operations	96,082		440,959			537,041			138,254
Western European Operations	512,314		128,076			640,390			75,661
Chinese Operations	387,301		183,074			570,375			201,199
Other (a)	385,368		4,436			389,804			50,702
Eliminations and Corporate (b)	—		(828,748		)	(828,748		)	(93,160		)
Total	$	2,117,663	$	—		$	2,117,663		$	490,797

(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.

Reconciliation of earnings before taxes to segment profit

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

	Three Months Ended						Nine Months Ended
	2019			2018			2019			2018
Earnings before taxes	$	169,359		$	160,363		$	450,251		$	421,404
Amortization	12,329			11,856			36,877			35,561
Interest expense	9,800			9,003			27,776			25,671
Restructuring charges	6,732			2,222			11,146			13,956
Other charges (income), net	(2,005		)	(1,479		)	(4,253		)	(5,795		)
Segment profit	$	196,215		$	181,965		$	521,797		$	490,797