Business Segment Information

9 Months Ended

Jul. 31, 2019

Segment Reporting [Abstract]

Business Segment Information

Business Segment Information

Cooper uses operating income, as presented in our financial reports, as the primary measure of segment profitability. We do not allocate costs from corporate functions to segment operating income. Items below operating income are not considered when measuring the profitability of a segment. We use the same accounting policies to generate segment results as we do for our consolidated results.

Total identifiable assets are those used in continuing operations except cash and cash equivalents, which we include as corporate assets.

Segment information:

Periods Ended July 31,	Three Months						Nine Months
(In millions)	2019			2018			2019			2018
CooperVision net sales by category:
Toric lens	$	163.1		$	153.6		$	464.4		$	442.2
Multifocal lens	52.4			52.7			151.1			148.8
Single-use sphere lens	146.3			137.6			413.6			378.3
Non single-use sphere and other	147.3			145.2			434.2			432.1
Total CooperVision net sales	509.1			489.1			1,463.3			1,401.4
CooperSurgical net sales by category:
Office and surgical products	106.3			104.4			307.7			290.4
Fertility	64.0			66.5			190.8			189.5
CooperSurgical net sales	170.3			170.9			498.5			479.9
Total net sales	$	679.4		$	660.0		$	1,961.8		$	1,881.3
Operating income (loss):
CooperVision	$	134.2		$	125.4		$	375.9		$	361.1
CooperSurgical	20.6			1.6			59.0			(37.5		)
Corporate	(12.6		)	(11.4		)	(34.8		)	(43.2		)
Total operating income	142.2			115.6			400.1			280.4
Interest expense	16.7			22.8			53.3			59.9
Other (income) expense, net	(1.5		)	2.4			(2.1		)	1.3
Income before income taxes	$	127.0		$	90.4		$	348.9		$	219.2

(In millions) [to update]	July 31, 2019		October 31, 2018
Total identifiable assets:
CooperVision	$	3,801.3	$	3,746.0
CooperSurgical	2,184.4		2,201.7
Corporate	187.1		165.1
Total	$	6,172.8	$	6,112.8

Geographic information:

Periods Ended July 31,	Three Months				Nine Months
(In millions)	2019		2018		2019		2018
Net sales to unaffiliated customers by country of domicile:
United States	$	306.2	$	302.1	$	891.1	$	856.8
Europe	222.7		224.0		642.0		637.8
Rest of world	150.5		133.9		428.7		386.7
Total	$	679.4	$	660.0	$	1,961.8	$	1,881.3

(In millions)	July 31, 2019		October 31, 2018
Net property, plant and equipment by country of domicile:
United States	$	589.7	$	516.7
Europe	339.7		340.7
Rest of world	136.0		118.6
Total	$	1,065.4	$	976.0