Business Segment Information (Tables)

12 Months Ended

Oct. 31, 2020

Segment Reporting [Abstract]

Schedule of business segment net sales

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

(In millions)	2020		2019		2018
CooperVision net sales by category:
Toric lens	$	598.2	$	620.0	$	591.4
Multifocal lens	197.0		202.9		196.6
Single-use sphere lens	529.0		568.2		520.1
Non single-use sphere, other	518.8		581.8		573.9
Total CooperVision net sales	1,843.0		1,972.9		1,882.0
CooperSurgical net sales by category:
Office and surgical products	358.8		422.4		400.4
Fertility	229.1		258.1		250.4
Total CooperSurgical net sales	587.9		680.5		650.8
Total net sales	$	2,430.9	$	2,653.4	$	2,532.8

Schedule of business segment information

Information by business segment for each of the years in the three-year period ended October 31, 2020, follows:

(In millions)	CooperVision		CooperSurgical			Corporate			Consolidated
2020
Net sales	$	1,843.0	$	587.9		$	—		$	2,430.9
Operating income (loss)	$	375.7	$	(14.7	)	$	(49.2	)	$	311.8
Interest expense									36.8
Other expense, net									8.5
Income before income taxes									$	266.5
Identifiable assets	$	4,236.3	$	2,293.8		$	207.4		$	6,737.5
Depreciation expense	$	138.2	$	11.7		$	—		$	149.9
Amortization expense	$	32.4	$	104.8		$	—		$	137.2
Capital expenditures	$	260.3	$	50.1		$	—		$	310.4
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 (income), 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 expense, 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

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, 2020, follows:

 

(In millions)	United States			Europe			Rest of World, Other Eliminations & Corporate			Consolidated
2020
Net sales to unaffiliated customers	$	1,103.6		$	789.8		$	537.5		$	2,430.9
Sales between geographic areas	391.7			327.1			(718.8		)	—
Net sales	$	1,495.3		$	1,116.9		$	(181.3	)	$	2,430.9
Operating income (loss)	$	(14.5	)	$	21.9		$	304.4		$	311.8
Long-lived assets	$	721.3		$	363.0		$	197.6		$	1,281.9
2019
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 (loss)	$	83.2		$	29.3		$	434.2		$	546.7
Long-lived assets	$	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 income	$	(39.3	)	$	(16.8	)	$	459.2		$	403.1
Long-lived assets	$	516.7		$	340.7		$	118.6		$	976.0