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Segment Information
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segment Information Segment Information
Our business operations are organized into two reportable segments, Proprietary Products and Contract-Manufactured Products. Our Proprietary Products reportable segment offers proprietary packaging, containment and drug delivery products, along with analytical lab services and integrated solutions, primarily to biologic, generic and pharmaceutical drug customers. Our Contract-Manufactured Products reportable segment serves as a fully integrated business, focused on the design, manufacture, and automated assembly of complex devices, primarily for pharmaceutical, diagnostic, and medical device customers.

We evaluate the performance of our segments based upon, among other things, segment net sales and operating profit. Segment operating profit excludes general corporate costs, which include executive and director compensation, stock-based compensation, adjustments to annual incentive plan expense for over- or under-attainment of targets, certain pension and other retirement benefit costs, and other corporate facilities and administrative expenses not allocated to the segments. Also excluded are items that we consider not representative of ongoing operations. Such items are referred to as other unallocated items and generally include restructuring and related charges, certain asset impairments and other specifically-identified income or expense items.

The following table presents information about our reportable segments, reconciled to consolidated totals:

($ in millions)201920182017
Net sales:
Proprietary Products$1,398.6  $1,308.6  $1,236.9  
Contract-Manufactured Products441.5  409.1  362.5  
Intersegment sales elimination(0.2) (0.3) (0.3) 
Consolidated net sales$1,839.9  $1,717.4  $1,599.1  

The intersegment sales elimination, which is required for the presentation of consolidated net sales, represents the elimination of components sold between our segments.
We do not have any customers accounting for greater than 10% of consolidated net sales.

The following table presents net sales and property, plant and equipment, net, by the country in which the legal subsidiary is domiciled and assets are located:

Net SalesProperty, Plant and Equipment, Net
($ in millions)201920182017201920182017
United States$814.7  $766.1  $734.6  $337.1  $315.3  $323.8  
Germany236.3  235.9  226.4  95.4  99.3  108.8  
Ireland173.8  138.1  100.5  162.0  165.4  173.2  
France150.6  145.0  142.6  53.3  50.1  51.6  
Other European countries251.1  230.5  201.0  59.1  59.5  63.2  
Other213.4  201.8  194.0  132.4  132.4  134.4  
$1,839.9  $1,717.4  $1,599.1  $839.3  $822.0  $855.0  
The following tables provide summarized financial information for our segments:

($ in millions)Proprietary ProductsContract-Manufactured ProductsCorporate/ Elimination/ Unallocated ItemsConsolidated
2019
Net sales$1,398.6  $441.5  $(0.2) $1,839.9  
Operating profit$313.6  $49.1  $(66.1) $296.6  
Interest expense—  —  8.5  8.5  
Interest income—  —  (3.8) (3.8) 
Other nonoperating expense (income)—  —  0.1  0.1  
Income before income taxes$313.6  $49.1  $(70.9) $291.8  
Segment assets$1,480.6  $386.0  $474.8  $2,341.4  
Capital expenditures91.2  37.2  (2.0) 126.4  
Depreciation and amortization expense82.2  17.9  3.3  103.4  
2018
Net sales$1,308.6  $409.1  $(0.3) $1,717.4  
Operating profit$266.4  $44.3  $(70.4) $240.3  
Interest expense—  —  8.4  8.4  
Interest income—  —  (2.1) (2.1) 
Other nonoperating income—  —  (6.7) (6.7) 
Income before income taxes$266.4  $44.3  $(70.0) $240.7  
Segment assets$1,342.3  $301.4  $335.2  $1,978.9  
Capital expenditures77.0  20.7  7.0  104.7  
Depreciation and amortization expense83.9  17.2  3.3  104.4  
2017
Net sales$1,236.9  $362.5  $(0.3) $1,599.1  
Operating profit$243.8  $48.3  $(66.3) $225.8  
Interest expense—  —  7.8  7.8  
Interest income—  —  (1.3) (1.3) 
Other nonoperating income—  —  (3.1) (3.1) 
Income before income taxes$243.8  $48.3  $(69.7) $222.4  
Segment assets$1,321.3  $286.4  $255.1  $1,862.8  
Capital expenditures107.2  18.6  5.0  130.8  
Depreciation and amortization expense77.1  16.4  3.2  96.7