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Segment Reporting
 12 Months Ended
Dec. 31, 2021
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, 2021Net 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$1,287,983 $155,987 $1,443,970 $302,177 $12,123 $3,278,400 $(34,972)$508,942 
Swiss Operations171,633 826,001 997,634 301,142 6,557 2,700,965 (7,856)23,710 
Western European Operations829,761 211,547 1,041,308 172,265 5,264 1,566,819 (11,014)100,433 
Chinese Operations771,651 291,779 1,063,430 369,835 9,566 1,037,838 (15,700)710 
Other(a)
656,902 4,780 661,682 100,028 3,819 365,182 (5,652)14,827 
Eliminations and Corporate(b)
— (1,490,094)(1,490,094)(187,636)7,653 (5,622,406)(32,386)— 
Total$3,717,930 $— $3,717,930 $1,057,811 $44,982 $3,326,798 $(107,580)$648,622 
For the Year Ended December 31, 2020Net 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$1,072,319 $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		DepreciationTotal AssetsPurchase 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 
(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.
A reconciliation of earnings before taxes to segment profit follows:
202120202019
Earnings before taxes$949,361 $748,743 $681,394 
Amortization63,075 56,665 49,690 
Interest expense43,242 38,616 37,411 
Restructuring charges5,239 10,516 15,760 
Other income, net(3,106)(13,832)(6,177)
Segment profit$1,057,811 $840,708 $778,078 
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 is 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
 20212020201920212020
United States$1,217,114 $1,014,180 $984,524 $228,010 $208,038 
Other Americas202,718 166,446 181,323 3,267 3,713 
Total Americas1,419,832 1,180,626 1,165,847 231,277 211,751 
Germany229,341 199,499 195,790 40,854 48,468 
France152,225 134,542 130,387 8,026 9,123 
United Kingdom90,431 70,163 66,855 35,349 34,631 
Switzerland82,381 69,965 65,202 304,228 314,059 
Other Europe508,583 447,097 433,858 51,760 64,048 
Total Europe1,062,961 921,266 892,092 440,217 470,329 
China754,002 565,100 527,076 95,356 89,277 
Rest of World481,135 418,185 423,637 32,515 27,511 
Total Asia/Rest of World1,235,137 983,285 950,713 127,871 116,788 
Total$3,717,930 $3,085,177 $3,008,652 $799,365 $798,868