XML 65 R32.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Business And Summary Of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Useful Lives Of Depreciable Assets The provision for depreciation has been computed principally by the straight-line method based on the estimated useful lives of the depreciable assets as follows:
Category
 
Useful Life
Buildings
 
30 years
Leased assets and leasehold improvements
 
Amortized over the lesser of the economic life of the asset or
the term of the lease
Machinery and equipment
 
3 – 10 years
Customer-leased instruments
 
5 – 7 years

The classes of property, plant and equipment as of December 31 are summarized as follows ($ in millions):
 
2019
 
2018
Land and improvements
$
149.6

 
$
151.8

Buildings
953.8

 
895.4

Machinery and equipment
2,193.9

 
2,022.6

Customer-leased equipment
1,766.1

 
1,632.9

Gross property, plant and equipment
5,063.4

 
4,702.7

Less: accumulated depreciation
(2,761.4
)
 
(2,453.1
)
Property, plant and equipment, net
$
2,302.0

 
$
2,249.6

Schedule of Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)—Foreign currency translation adjustments are generally not adjusted for income taxes as they relate to indefinite investments in non-U.S. subsidiaries. The changes in accumulated other comprehensive income (loss) by component are summarized below ($ in millions). Foreign currency translation adjustments generally relate to indefinite investments in non-U.S. subsidiaries, as well as the impact from the Company’s hedges of its net investment in foreign operations, including the Company’s cross-currency swap derivatives, net of any tax impacts.
 
Foreign Currency Translation Adjustments
 
Pension & Postretirement Plan Benefit Adjustments
 
Unrealized Gain (Loss) on Available-For-Sale Securities
 
Cash Flow Hedge Adjustments
 
Total
Balance, January 1, 2017
$
(2,398.2
)
 
$
(642.2
)
 
$
18.7

 
$

 
$
(3,021.7
)
Other comprehensive income (loss) before reclassifications:
 
 
 
 
 
 
 
 
 
Increase
976.1

 
62.4

 
41.7

 

 
1,080.2

Income tax impact

 
(13.4
)
 
(15.7
)
 

 
(29.1
)
Other comprehensive income (loss) before reclassifications, net of income taxes
976.1

 
49.0

 
26.0

 

 
1,051.1

Amounts reclassified from accumulated other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
Increase (decrease)

 
28.7

(a) 
(72.8
)
(b) 

 
(44.1
)
Income tax impact

 
(6.7
)
 
27.2

 

 
20.5

Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes

 
22.0

 
(45.6
)
 

 
(23.6
)
Net current period other comprehensive income (loss), net of income taxes
976.1

 
71.0

 
(19.6
)
 

 
1,027.5

Balance, December 31, 2017
(1,422.1
)
 
(571.2
)
 
(0.9
)
 

 
(1,994.2
)
Adoption of accounting standards
(43.8
)
 
(107.2
)
 
(0.2
)
 

 
(151.2
)
Balance, January 1, 2018
(1,465.9
)
 
(678.4
)
 
(1.1
)
 

 
(2,145.4
)
Other comprehensive income (loss) before reclassifications:
 
 
 
 
 
 
 
 
 
Decrease
(632.2
)
 
(44.9
)
 
(1.1
)
 

 
(678.2
)
Income tax impact

 
9.2

 
0.3

 

 
9.5

Other comprehensive income (loss) before reclassifications, net of income taxes
(632.2
)
 
(35.7
)
 
(0.8
)
 

 
(668.7
)
Amounts reclassified from accumulated other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
Increase

 
30.3

(a) 

 

 
30.3

Income tax impact

 
(7.3
)
 

 

 
(7.3
)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes

 
23.0

 

 

 
23.0

Net current period other comprehensive income (loss), net of income taxes
(632.2
)
 
(12.7
)
 
(0.8
)
 

 
(645.7
)
Balance, December 31, 2018
(2,098.1
)

(691.1
)

(1.9
)


 
(2,791.1
)
Other comprehensive income (loss) before reclassifications:
 
 
 
 
 
 
 
 
 
(Decrease) increase
(178.4
)
 
(149.6
)
 
1.6

 
(149.2
)
 
(475.6
)
Income tax impact
(5.8
)
 
32.0

 
(0.4
)
 
9.0

 
34.8

Other comprehensive income (loss) before reclassifications, net of income taxes
(184.2
)
 
(117.6
)
 
1.2

 
(140.2
)
 
(440.8
)
Amounts reclassified from accumulated other comprehensive income (loss):
 
 
 
 
 
 
 
 

Increase
109.0

(d) 
35.7

(a) 


27.5

(c) 
172.2

Income tax impact

 
(8.5
)
 

 
(0.1
)
 
(8.6
)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes
109.0

 
27.2

 

 
27.4

 
163.6

Net current period other comprehensive income (loss), net of income taxes
(75.2
)
 
(90.4
)
 
1.2

 
(112.8
)
 
(277.2
)
Balance, December 31, 2019
$
(2,173.3
)

$
(781.5
)

$
(0.7
)

$
(112.8
)
 
$
(3,068.3
)

(a) 
This accumulated other comprehensive income (loss) component is included in the computation of net periodic pension and postretirement cost (refer to Notes 13 and 14 for additional details).
(b) 
Included in other income, net in the accompanying Consolidated Statement of Earnings (refer to Note 16 for additional details).
(c) Reflects reclassification to earnings related to remeasurement of certain long-term debt (refer to Note 12 for additional details).
(d) Reflects reclassification to earnings related to the Envista Disposition (refer to Note 4 for additional details).