Segment Information

12 Months Ended

Dec. 31, 2020

Segment Reporting, Measurement Disclosures [Abstract]

Segment Information

SEGMENT INFORMATION

The Company operates and reports its results in three separate business segments consisting of the Life Sciences, Diagnostics and Environmental & Applied Solutions segments. When determining the reportable segments, the Company aggregated operating segments based on their similar economic and operating characteristics. Operating profit represents total revenues less operating expenses, excluding nonoperating income and expense, interest and income taxes. Operating profit amounts in the Other segment consist of unallocated corporate costs and other costs not considered part of management’s evaluation of reportable segment operating performance. The identifiable assets by segment are those used in each segment’s operations. Intersegment amounts are not significant and are eliminated to arrive at consolidated totals.

Detailed segment data for the years ended December 31 is as follows ($ in millions):

	2020		2019		2018
Sales:
Life Sciences	$	10,576	$	6,951	$	6,471
Diagnostics	7,403		6,561		6,258
Environmental & Applied Solutions	4,305		4,399		4,320
Total	$	22,284	$	17,911	$	17,049
Operating profit:
Life Sciences	$	2,054	$	1,401	$	1,229
Diagnostics	1,538		1,134		1,074
Environmental & Applied Solutions	979		1,052		988
Other	(340)		(318)		(236)
Total	$	4,231	$	3,269	$	3,055
Identifiable assets:
Life Sciences	$	48,919	$	22,381	$	22,122
Diagnostics	15,042		14,442		14,031
Environmental & Applied Solutions	5,083		4,882		4,637
Other	7,117		20,377		1,201
Discontinued operations	—		—		5,842
Total	$	76,161	$	62,082	$	47,833
Depreciation and amortization:
Life Sciences	$	1,053	$	487	$	471
Diagnostics	602		582		589
Environmental & Applied Solutions	110		111		109
Other	10		9		9
Total	$	1,775	$	1,189	$	1,178
Capital expenditures, gross:
Life Sciences	$	306	$	143	$	140
Diagnostics	447		435		380
Environmental & Applied Solutions	36		54		57
Other	2		4		7
Total	$	791	$	636	$	584

Operations in Geographical Areas:

	Year Ended December 31
($ in millions)	2020		2019		2018
Sales:
United States	$	8,616	$	6,660	$	6,134
China	2,688		2,308		2,170
Germany	1,238		1,013		1,082
All other (each country individually less than 5% of total sales)	9,742		7,930		7,663
Total	$	22,284	$	17,911	$	17,049
Property, plant and equipment, net:
United States	$	1,317	$	1,077	$	1,081
Sweden	553		32		32
United Kingdom	214		163		157
Germany	207		163		169
All other (each country individually less than 5% of total property, plant and equipment, net)	971		867		811
Total	$	3,262	$	2,302	$	2,250

Sales by Major Product Group:

	Year Ended December 31
($ in millions)	2020		2019		2018
Analytical and physical instrumentation	$	2,443	$	2,464	$	2,437
Research and medical products	17,979		13,512		12,686
Product identification	1,862		1,935		1,926
Total	$	22,284	$	17,911	$	17,049