Business Segment Information

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Business Segment Information

22. Business Segment Information

The Company has four reportable segments, BSI BioSpin, BSI CALID, BSI Nano and BEST, as discussed in Note 1 to the consolidated financial statements.

Selected reportable segment information is presented below (in millions):

	2022			2021			2020
Revenue:
BSI BioSpin	$	696.7		$	691.0		$	600.0
BSI CALID		822.2			819.6			653.9
BSI Nano		787.0			697.5			556.1
BEST		237.1			223.8			189.5
Eliminations (a)		(12.3	)		(14.0	)		(12.0	)
Total revenue	$	2,530.7		$	2,417.9		$	1,987.5
Operating Income:
BSI BioSpin	$	167.1		$	158.2		$	121.6
BSI CALID		196.0			227.2			152.2
BSI Nano		113.0			73.4			23.6
BEST		31.3			22.2			6.2
Corporate, eliminations and other (b)		(74.7	)		(67.7	)		(55.3	)
Total operating income	$	432.7		$	413.3		$	248.3

(a)Represents product and service revenue between reportable segments.

(b)Represents corporate costs and eliminations not allocated to the reportable segments.

Total assets by segment are as follows (in millions):

	2022			2021
Assets:
BSI BioSpin, BSI CALID, BSI Nano & Corporate	$	3,508.4		$	3,560.5
BEST		111.1			97.9
Eliminations and other (a)		(7.7	)		(8.4	)
Total assets	$	3,611.8		$	3,650.0

(a)Assets not allocated to the reportable segments and eliminations of intercompany transactions.

The Company is unable, without unreasonable effort or expense to disclose the amount of total assets by the BSI BioSpin, BSI CALID and BSI Nano Segments as well as the Corporate function and further, the Company’s chief operating decision maker does not receive any asset information by operating segment.

Total capital expenditures and depreciation and amortization by segment are presented below (in millions):

	2022		2021		2020
Capital Expenditures:
BSI BioSpin	$	14.5	$	36.6	$	43.0
BSI CALID		33.9		24.7		16.1
BSI Nano		20.2		16.8		10.6
Corporate		9.1		4.7		17.4
BEST		51.5		9.2		10.1
Total capital expenditures	$	129.2	$	92.0	$	97.2
Depreciation and Amortization:
BSI BioSpin	$	22.6	$	21.3	$	18.0
BSI CALID		20.7		19.8		17.0
BSI Nano		35.6		37.4		35.7
Corporate		3.9		4.3		4.0
BEST		6.0		6.3		5.7
Total depreciation and amortization	$	88.8	$	89.1	$	80.4

Revenue and long-lived assets (including property, plant and equipment, net and operating lease right of use assets) by geographical area are as follows (in millions):

	2022		2021		2020
Revenue:
United States	$	696.1	$	601.0	$	455.9
Germany		247.4		262.6		244.9
Rest of Europe		591.9		658.1		519.8
China		396.5		357.6		313.5
Rest of Asia Pacific		408.4		371.5		315.6
Other		190.4		167.1		137.8
Total revenue	$	2,530.7	$	2,417.9	$	1,987.5

	2022		2021		2020
Long-lived assets:
United States	$	58.8	$	51.3	$	61.3
Germany		309.6		244.0		227.8
Rest of Europe		141.0		141.5		144.7
Asia Pacific		22.1		22.6		22.1
Other		6.7		6.6		7.1
Total long-lived assets	$	538.2	$	466.0	$	463.0