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Segment Reporting
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Segment Reporting Disclosure SEGMENT REPORTING
The Company has five reportable segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. U.S. Operations represent certain of the Company’s marketing and producing organizations located in the United States. Western European Operations include the Company’s marketing and producing organizations in Western Europe, excluding operations located in Switzerland. Swiss Operations include marketing and producing organizations located in Switzerland as well as extensive R&D operations that are responsible for the development, production, and marketing of precision instruments, including weighing, analytical, and measurement technologies for use in a variety of laboratory and industrial applications. Chinese Operations represent the Company’s marketing and producing organizations located in China. The Company’s market organizations are geographically focused and are responsible for all aspects of the Company’s sales and service. Operations that exist outside these reportable segments are included in Other.
The accounting policies of the operating segments are the same as those described in the summary of significant accounting policies. The Company evaluates performance based on segment profit for segment reporting (gross profit less research and development and selling, general, and administrative expenses, before amortization, interest expense, restructuring charges, other charges (income), net, and taxes). Inter-segment sales and transfers are priced to reflect consideration of market conditions and the regulations of the countries in which the transferring entities are located.
The following tables show the operations of the Company’s reportable segments:
For the Year Ended December 31, 2020Net Sales to
External
Customers		Net Sales to
Other
Segments		Total Net
Sales		Segment
Profit		Depreciation
Total Assets(c)
Purchase of
Property, Plant,
and Equipment		Goodwill
U.S. Operations$1,072,319 $121,850 $1,194,169 $244,940 $11,347 $2,560,652 $(18,258)$415,869 
Swiss Operations143,923 679,837 823,760 245,465 6,257 2,028,879 (5,495)24,525 
Western European Operations716,715 173,176 889,891 147,562 4,769 1,294,579 (13,678)93,514 
Chinese Operations578,610 213,735 792,345 270,497 8,506 985,977 (9,755)686 
Other(a)
573,610 4,600 578,210 77,910 3,737 340,786 (5,974)15,676 
Eliminations and Corporate(b)
— (1,193,198)(1,193,198)(145,666)7,428 (4,396,324)(39,334)— 
Total$3,085,177 $— $3,085,177 $840,708 $42,044 $2,814,549 $(92,494)$550,270 
For the Year Ended December 31, 2019Net Sales to
External
Customers		Net Sales to
Other
Segments		Total Net
Sales		Segment
Profit		Depreciation
Total Assets(c)
Purchase of
Property, Plant,
and Equipment		Goodwill
U.S. Operations$1,057,115 $114,794 $1,171,909 $210,133 $10,684 $2,363,725 $(15,607)$410,022 
Swiss Operations139,499 657,678 797,177 233,292 6,069 1,648,065 (5,820)22,369 
Western European Operations700,741 175,759 876,500 123,845 4,450 1,150,214 (11,267)87,980 
Chinese Operations544,716 224,517 769,233 266,522 8,045 694,903 (10,252)633 
Other(a)
566,581 5,890 572,471 71,483 3,395 358,281 (4,936)14,975 
Eliminations and Corporate(b)
— (1,178,638)(1,178,638)(127,197)6,348 (3,425,867)(49,459)— 
Total$3,008,652 $— $3,008,652 $778,078 $38,991 $2,789,321 $(97,341)$535,979 
For the Year Ended December 31, 2018Net Sales to
External
Customers		Net Sales to
Other
Segments		Total Net
Sales		Segment
Profit		DepreciationTotal AssetsPurchase of
Property, Plant,
and Equipment		Goodwill
U.S. Operations$1,007,798 $104,458 $1,112,256 $161,615 $10,425 $2,113,268 $(27,896)$410,021 
Swiss Operations134,064 628,529 762,593 202,027 5,835 1,471,625 (1,123)21,994 
Western European Operations718,788 176,995 895,783 122,574 4,173 983,809 (16,879)87,242 
Chinese Operations525,109 242,452 767,561 270,668 7,869 1,237,248 (13,248)644 
Other(a)
549,827 6,543 556,370 78,317 3,774 319,070 (8,342)14,879 
Eliminations and Corporate(b)
— (1,158,977)(1,158,977)(104,696)5,091 (3,506,173)(75,238)— 
Total$2,935,586 $— $2,935,586 $730,505 $37,167 $2,618,847 $(142,726)$534,780 
(a)Other includes reporting units in Southeast Asia, Latin America, Eastern Europe, and other countries.
(b)Eliminations and Corporate includes the elimination of intersegment transactions as well as certain corporate expenses and intercompany investments, which are not included in the Company’s operating segments.
(c)The lease right-of-use asset, net increased total assets as of December 31, 2020 and 2019 for U.S. Operations by $35.5 million and $38.3 million, Swiss Operations by $2.3 million and $1.3 million, Western European Operations by $28.9 million and $20.1 million, Chinese Operations by $2.9 million and $3.0 million, Other by $25.9 million and $22.7 million, and Corporate by $3.1 million and $1.9 million million, respectively.
A reconciliation of earnings before taxes to segment profit follows:
202020192018
Earnings before taxes$748,743 $681,394 $651,858 
Amortization56,665 49,690 47,524 
Interest expense38,616 37,411 34,511 
Restructuring charges10,516 15,760 18,420 
Other income, net(13,832)(6,177)(21,808)
Segment profit$840,708 $778,078 $730,505 

During 2020, restructuring charges of $10.5 million were recognized, of which $3.2 million, $1.0 million, $5.2 million, $0.2 million, and $0.9 million relate to the Company’s U.S., Swiss, Western European, Chinese, and Other Operations, respectively. Restructuring charges of $15.8 million were recognized in 2019, of which $4.2 million, $3.4 million, $6.9 million, $0.5 million, and $0.8 million relate to the Company’s U.S., Swiss, Western European, Chinese, and Other Operations, respectively. Restructuring charges of $18.4 million were recognized in 2018, of which $11.0 million, $4 million, $2.8 million, $0.3 million and $0.3 million relate to the Company’s U.S., Swiss, Western European, Chinese, and Other Operations, respectively.
The Company sells precision instruments, including weighing instruments and certain analytical and measurement technologies, and related services to a variety of customers and industries. None of these end-customers account for more than 1% of net sales. Service revenues are primarily derived from repair and other services including regulatory compliance qualification, calibration, certification, and preventative maintenance, and spare parts. A breakdown of the Company’s sales by product category are disclosed in Note 3 to the consolidated financial statements.
    In certain circumstances, our reporting units sell directly into other geographies. A breakdown of net sales to external customers by geographic customer destination and property, plant, and equipment by geographic destination for the years ended December 31 follows:
Net SalesProperty, Plant, and
Equipment, Net
 20202019201820202019
United States$1,014,180 $984,524 $933,419 $208,038 $200,497 
Other Americas166,446 181,323 172,537 3,713 3,828 
Total Americas1,180,626 1,165,847 1,105,956 211,751 204,325 
Germany199,499 195,790 205,296 48,468 48,401 
France134,542 130,387 141,513 9,123 8,849 
United Kingdom70,163 66,855 70,378 34,631 26,502 
Switzerland69,965 65,202 65,377 314,059 295,029 
Other Europe447,097 433,858 426,209 64,048 59,179 
Total Europe921,266 892,092 908,773 470,329 437,960 
China565,100 527,076 506,360 89,277 85,817 
Rest of World418,185 423,637 414,497 27,511 20,555 
Total Asia/Rest of World983,285 950,713 920,857 116,788 106,372 
Total$3,085,177 $3,008,652 $2,935,586 $798,868 $748,657