Business Segments (Tables)

12 Months Ended

Jan. 02, 2022

Segment Reporting [Abstract]

Industry Segment Disclosures for Net Sales and Operating Profit Including Other Segment Income

The following pre-tax charges were incurred related to severance and facility consolidations (in millions):

	2021		2020		2019
Digital Imaging	$	23.9	$	2.9	$	1.1
Instrumentation	1.3		5.9		1.5
Aerospace and Defense Electronics	0.7		11.1		0.5
Engineered Systems	0.4		0.5		0.1
Corporate	0.1		0.4		—
Total	$	26.4	$	20.8	$	3.2

Information on the Company’s business segments was as follows (in millions):

Net sales:	2021		2020		2019
Digital Imaging	$	2,412.9	$	986.0	$	992.9
Instrumentation	1,166.9		1,094.5		1,105.1
Aerospace and Defense Electronics	628.7		589.4		690.1
Engineered Systems	405.8		416.3		375.5
Total net sales	$	4,614.3	$	3,086.2	$	3,163.6
Operating income:	2021		2020		2019
Digital Imaging	$	325.6	$	192.8	$	176.5
Instrumentation	253.7		213.2		200.4
Aerospace and Defense Electronics	133.2		80.8		143.4
Engineered Systems	48.6		50.1		36.5
Corporate expense	(136.8)		(56.8)		(65.1)
Total operating income	$	624.3	$	480.1	$	491.7

Depreciation and amortization:	2021		2020		2019
Digital Imaging	$	309.2	$	49.2	$	48.5
Instrumentation	38.1		38.3		35.9
Aerospace and Defense Electronics	13.2		13.7		14.3
Engineered Systems	7.2		9.2		6.0
Corporate	4.1		5.8		7.2
Total depreciation and amortization	$	371.8	$	116.2	$	111.9

 

Capital expenditures:	2021		2020		2019
Digital Imaging	$	64.2	$	33.4	$	45.2
Instrumentation	13.3		18.0		18.9
Aerospace and Defense Electronics	8.4		10.4		19.0
Engineered Systems	12.9		7.5		3.6
Corporate	2.8		2.1		1.7
Total capital expenditures	$	101.6	$	71.4	$	88.4

Identifiable assets are those assets used in the operations of the segments. Corporate assets primarily consist of cash and cash equivalents, deferred taxes, pension assets and other assets.

Identifiable assets:	2021		2020		2019
Digital Imaging	$	11,756.8	$	2,000.8	$	1,874.6
Instrumentation	1,640.3		1,676.2		1,680.2
Aerospace and Defense Electronics	536.3		567.6		618.3
Engineered Systems	179.2		175.1		143.4
Corporate	317.7		665.1		263.3
Total identifiable assets	$	14,430.3	$	5,084.8	$	4,579.8

Sales by Country of Origin and Long-Lived Assets by Major Geographic Area

Information on the Company’s sales by country of origin and long-lived assets by major geographic area was as follows: 

Sales by country of origin:	2021		2020		2019
United States	$	2,932.1	$	2,078.7	$	2,179.6
Canada	458.1		333.7		301.0
United Kingdom	286.3		237.5		251.7
Belgium	227.3		10.7		10.2
The Netherlands	127.0		105.5		134.2
All other countries	583.5		320.1		286.9
Total sales	$	4,614.3	$	3,086.2	$	3,163.6

 

Long-lived assets:	2021		2020		2019
United States	$	9,446.3	$	1,707.0	$	1,839.4
Canada	763.5		372.9		355.0
United Kingdom	622.4		539.5		492.2
France	463.7		505.1		367.1
All other countries	679.3		201.7		195.6
Total long-lived assets	$	11,975.2	$	3,326.2	$3,249.3

Summary of Sales by Product Line

The tables below provide a summary of the sales by product line for the Instrumentation segment (in millions):

Instrumentation:	2021		2020		2019
Environmental Instrumentation	$	446.3	$	411.3	$	391.4
Marine Instrumentation	424.1		426.3		450.2
Test and Measurement Instrumentation	296.5		256.9		263.5
Total	$	1,166.9	$	1,094.5	$	1,105.1

Disaggregation of Revenue

	Fiscal Year Ended January 2, 2022						Fiscal Year Ended January 3, 2021						Fiscal Year Ended December 29, 2019
	Customer Type						Customer Type						Customer Type
(in millions)	United States Government (a)		Other, Primarily Commercial		Total		United States Government (a)		Other, Primarily Commercial		Total		United States Government (a)		Other, Primarily Commercial		Total
Net Sales:
Digital Imaging	$	515.9	$	1,897.0	$	2,412.9	$	120.9	$	865.1	$	986.0	$	107.4	$	885.5	$	992.9
Instrumentation	91.6		1,075.3		1,166.9		80.6		1,013.9		1,094.5		80.4		1,024.7		1,105.1
Aerospace and Defense Electronics	227.2		401.5		628.7		229.9		359.5		589.4		225.3		464.8		690.1
Engineered Systems	358.4		47.4		405.8		386.8		29.5		416.3		338.9		36.6		375.5
Total	$	1,193.1	$	3,421.2	$	4,614.3	$	818.2	$	2,268.0	$	3,086.2	$	752.0	$	2,411.6	$	3,163.6

a) Includes sales as a prime contractor or subcontractor.

	Fiscal Year Ended January 2, 2022								Fiscal Year Ended January 3, 2021								Fiscal Year Ended December 29, 2019
	Geographic Region (a)								Geographic Region (a)								Geographic Region (a)
(in millions)	United States		Europe		All other		Total		United States		Europe		All other		Total		United States		Europe		All other		Total
Net sales:
Digital Imaging	$	1,144.9	$	642.7	$	625.3	$	2,412.9	$	309.3	$	272.9	$	403.8	$	986.0	$	316.1	$	299.4	$	377.4	$	992.9
Instrumentation	857.9		248.2		60.8		1,166.9		844.4		204.4		45.7		1,094.5		899.7		164.8		40.6		1,105.1
Aerospace and Defense Electronics	523.5		105.2		—		628.7		508.7		80.1		0.6		589.4		588.3		100.8		1.0		690.1
Engineered Systems	405.8		—		—		405.8		416.3		—		—		416.3		375.5		—		—		375.5
Total	$	2,932.1	$	996.1	$	686.1	$	4,614.3	$	2,078.7	$	557.4	$	450.1	$	3,086.2	$	2,179.6	$	565.0	$	419.0	$	3,163.6

a) Net sales by geographic region of origin.