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Segment Reporting
9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
SEGMENT REPORTING
13.    SEGMENT REPORTING
As disclosed in Note 18 to the Company's consolidated financial statements for the year ended December 31, 2021, the Company has determined there are five reportable segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other.
The Company evaluates segment performance based on Segment Profit (gross profit less research and development and selling, general and administrative expenses, before amortization, interest expense, restructuring charges, other charges (income), net and taxes).
The following tables show the operations of the Company’s operating segments:
Net Sales toNet Sales toAs of September 30,
For the three months endedExternalOtherTotal NetSegment2022
September 30, 2022CustomersSegmentsSalesProfitGoodwill
U.S. Operations$373,764 $35,077 $408,841 $93,823 $514,057 
Swiss Operations40,972 207,349 248,321 77,457 21,950 
Western European Operations180,959 49,486 230,445 38,950 86,222 
Chinese Operations229,722 79,285 309,007 123,345 606 
Other (a)160,429 705 161,134 20,603 13,254 
Eliminations and Corporate (b)— (371,902)(371,902)(47,008)— 
Total$985,846 $— $985,846 $307,170 $636,089 

Net Sales toNet Sales to
For the nine months endedExternalOtherTotal NetSegment
September 30, 2022CustomersSegmentsSalesProfit
U.S. Operations$1,060,730 $114,965 $1,175,695 $261,805 
Swiss Operations126,304 611,632 737,936 220,791 
Western European Operations564,108 147,087 711,195 112,963 
Chinese Operations642,237 234,847 877,084 313,769 
Other (a)468,645 2,377 471,022 63,298 
Eliminations and Corporate (b)— (1,110,908)(1,110,908)(138,779)
Total$2,862,024 $— $2,862,024 $833,847 

(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 toNet Sales toAs of September 30,
For the three months endedExternalOtherTotal NetSegment2021
September 30, 2021CustomersSegmentsSalesProfitGoodwill
U.S. Operations$336,708 $36,895 $373,603 $72,638 $508,942 
Swiss Operations41,850 208,411 250,261 78,454 23,319 
Western European Operations198,632 52,259 250,891 40,288 91,228 
Chinese Operations210,460 79,001 289,461 108,636 696 
Other (a)164,300 835 165,135 24,381 14,999 
Eliminations and Corporate (b)— (377,401)(377,401)(51,587)— 
Total$951,950 $— $951,950 $272,810 $639,184 
Net Sales toNet Sales to
For the nine months endedExternalOtherTotal NetSegment
September 30, 2021CustomersSegmentsSalesProfit
U.S. Operations$931,977 $112,186 $1,044,163 $215,581 
Swiss Operations121,967 594,057 716,024 212,849 
Western European Operations592,704 160,386 753,090 116,630 
Chinese Operations572,055 220,608 792,663 275,323 
Other (a)461,988 3,207 465,195 65,967 
Eliminations and Corporate (b)— (1,090,444)(1,090,444)(147,612)
Total$2,680,691 $— $2,680,691 $738,738 

(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.
    A reconciliation of earnings before taxes to segment profit for the three and nine month periods ended September 30 follows:
 Three Months EndedNine Months Ended
 2022202120222021
Earnings before taxes$275,885 $247,587 $745,578 $663,385 
Amortization16,728 16,039 49,697 46,141 
Interest expense14,484 11,791 38,587 31,701 
Restructuring charges2,022 650 7,803 2,719 
Other income, net(1,949)(3,257)(7,818)(5,208)
Segment profit$307,170 $272,810 $833,847 $738,738