Business Segment Information

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Business Segment Information

17. Business Segment Information

The Company has four reportable segments, BSI BioSpin, BSI CALID, BSI NANO and BEST, as discussed in Note 1 to the unaudited condensed consolidated financial statements. See Note 3 for revenue by reportable segment.

Operating income by reportable segment are presented below (in millions):

	Three Months Ended June 30,						Six Months Ended June 30,
	2023			2022			2023			2022
Operating income (loss):
BSI BioSpin	$	23.8		$	28.0		$	71.2		$	65.8
BSI CALID		44.0			42.2			101.6			90.3
BSI NANO		31.3			14.6			60.7			36.9
BEST		11.1			6.6			19.1			13.2
Corporate, eliminations and other (a)		(24.0	)		(17.5	)		(43.7	)		(35.8	)
Total operating income	$	86.2		$	73.9		$	208.9		$	170.4

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

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

	June 30, 2023			December 31, 2022
Assets:
BSI BioSpin, BSI CALID, BSI NANO & Corporate	$	3,735.5		$	3,508.4
BEST		166.8			111.1
Eliminations and other (a)		(45.3	)		(7.7	)
Total assets	$	3,857.0		$	3,611.8

(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 held by each of its 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.