Business Segment Information (Tables)

12 Months Ended

Oct. 31, 2019

Segment Reporting [Abstract]

Summary of business segment net sales

The following table presents a summary of our business segment net sales:

(In millions)	2019		2018		2017
CooperVision net sales by category:
Toric lens	$	620.0	$	591.4	$	526.8
Multifocal lens	202.9		196.6		177.2
Single-use sphere lens	568.2		520.1		438.3
Non single-use sphere and other	581.8		573.9		531.8
Total CooperVision net sales	1,972.9		1,882.0		1,674.1
CooperSurgical net sales by category:
Office and surgical products	422.4		400.4		214.7
Fertility	258.1		250.4		250.2
Total CooperSurgical net sales	680.5		650.8		464.9
Total net sales	$	2,653.4	$	2,532.8	$	2,139.0

Schedule of segment information

Information by business segment for each of the years in the three-year period ended October 31, 2019, follows:

(In millions)	CooperVision		CooperSurgical			Corporate			Consolidated
2019
Net sales	$	1,972.9	$	680.5		$	—		$	2,653.4
Operating income (loss)	$	506.4	$	87.9		$	(47.6	)	$	546.7
Interest expense									68.0
Other expense, net									1.3
Income before income taxes									$	477.4
Identifiable assets	$	3,911.6	$	2,189.8		$	173.1		$	6,274.5
Depreciation expense	$	125.8	$	9.0		$	0.2		$	135.0
Amortization expense	$	40.9	$	104.9		$	—		$	145.8
Capital expenditures	$	259.0	$	33.1		$	—		$	292.1
2018
Net sales	$	1,882.0	$	650.8		$	—		$	2,532.8
Operating income (loss)	$	479.8	$	(19.9	)	$	(56.8	)	$	403.1
Interest expense									82.7
Other (income), net									(11.5		)
Income before income taxes									$	331.9
Identifiable assets	$	3,746.0	$	2,201.7		$	165.1		$	6,112.8
Depreciation expense	$	120.1	$	8.1		$	0.2		$	128.4
Amortization expense	$	43.6	$	103.1		$	—		$	146.7
Capital expenditures	$	178.4	$	15.1		$	0.1		$	193.6
2017
Net sales	$	1,674.1	$	464.9		$	—		$	2,139.0
Operating income (loss)	$	418.4	$	58.5		$	(47.8	)	$	429.1
Interest expense									33.4
Other expense, net									1.7
Income before income taxes									$	394.0
Identifiable assets	$	3,562.6	$	1,107.5		$	188.6		$	4,858.7
Depreciation expense	$	115.0	$	4.7		$	0.3		$	120.0
Amortization expense	$	36.7	$	31.7		$	—		$	68.4
Capital expenditures	$	108.2	$	18.9		$	0.1		$	127.2

Schedule of information by geographical area by country of domicile

Information by geographical area by country of domicile for each of the years in the three-year period ended October 31, 2019, follows:

 

(In millions)	United States			Europe			Rest of World, Other Eliminations & Corporate			Consolidated
2019
Net sales to unaffiliated customers	$	1,211.8		$	854.8		$	586.8		$	2,653.4
Sales between geographic areas	650.7			300.8			(951.5		)	—
Net sales	$	1,862.5		$	1,155.6		$	(364.7	)	$	2,653.4
Operating income	$	83.2		$	29.3		$	434.2		$	546.7
Property, plant and equipment, net	$	626.5		$	358.8		$	146.8		$	1,132.1
2018
Sales to unaffiliated customers	$	1,162.2		$	846.5		$	524.1		$	2,532.8
Sales between geographic areas	274.3			407.1			(681.4		)	—
Net sales	$	1,436.5		$	1,253.6		$	(157.3	)	$	2,532.8
Operating (loss) income	$	(39.3	)	$	(16.8	)	$	459.2		$	403.1
Property, plant and equipment, net	$	516.7		$	340.7		$	118.6		$	976.0
2017
Sales to unaffiliated customers	$	931.1		$	746.2		$	461.7		$	2,139.0
Sales between geographic areas	255.7			440.5			(696.2		)	—
Net sales	$	1,186.8		$	1,186.7		$	(234.5	)	$	2,139.0
Operating income	$	37.8		$	1.6		$	389.7		$	429.1
Property, plant and equipment, net	$	472.8		$	352.3		$	85.0		$	910.1