Business Segment Information (Tables)

12 Months Ended

Oct. 31, 2023

Segment Reporting [Abstract]

Schedule of business segment net sales

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

(In millions)	2023		2022		2021
CooperVision net sales by category:
Toric lens	$	828.7	$	737.4	$	697.5
Multifocal lens	305.7		264.4		238.6
Single-use sphere lens	705.4		661.6		616.3
Non single-use sphere, other	583.9		579.9		599.6
Total CooperVision net sales	2,423.7		2,243.3		2,152.0
CooperSurgical net sales by category:
Office and surgical	689.5		633.6		451.3
Fertility	480.0		431.5		319.2
Total CooperSurgical net sales	1,169.5		1,065.1		770.5
Total net sales	$	3,593.2	$	3,308.4	$	2,922.5

Schedule of business segment information

Information by business segment for each of the years in the three-year period ended October 31, 2023 follows:

(In millions)	CooperVision		CooperSurgical		Corporate		Consolidated
2023
Net sales	$	2,423.7	$	1,169.5	$	—	$	3,593.2
Operating income (loss)	$	587.7	$	16.1	$	(70.7)	$	533.1
Interest expense							105.3
Other expense, net							14.9
Income before income taxes							$	412.9
Identifiable assets	$	7,044.0	$	4,351.8	$	263.1	$	11,658.9
Depreciation expense	$	156.9	$	24.6	$	—	$	181.5
Amortization expense	$	32.9	$	153.3	$	—	$	186.2
Capital expenditures	$	364.4	$	28.1	$	—	$	392.5
2022
Net sales	$	2,243.3	$	1,065.1	$	—	$	3,308.4
Operating income (loss)	$	494.3	$	67.1	$	(53.8)	$	507.6
Interest expense							57.3
Other (income), net							(25.0)
Income before income taxes							$	475.3
Identifiable assets	$	6,778.9	$	4,407.8	$	305.6	$	11,492.3
Depreciation expense	$	144.5	$	22.1	$	—	$	166.6
Amortization expense	$	32.3	$	147.2	$	—	$	179.5
Capital expenditures	$	223.0	$	19.0	$	—	$	242.0
2021
Net sales	$	2,152.0	$	770.5	$	—	$	2,922.5
Operating income (loss)	$	481.3	$	71.8	$	(47.3)	$	505.8
Interest expense							23.1
Other expense, net							(8.8)
Income before income taxes							$	491.5
Identifiable assets	$	6,965.9	$	2,395.6	$	244.7	$	9,606.2
Depreciation expense	$	148.3	$	14.9	$	—	$	163.2
Amortization expense	$	35.7	$	110.4	$	—	$	146.1
Capital expenditures	$	190.0	$	24.4	$	—	$	214.4

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, 2023 follows:

(In millions)	United States		Europe		Rest of World, Other Eliminations & Corporate		Consolidated
2023
Net sales to unaffiliated customers	$	1,812.2	$	1,041.2	$	739.8	$	3,593.2
Sales between geographic areas	563.1		1,016.7		(1,579.8)		—
Net sales	$	2,375.3	$	2,057.9	$	(840.0)	$	3,593.2
Operating income	$	—	$	516.2	$	16.9	$	533.1
Long-lived assets	$	1,027.6	$	325.9	$	279.1	$	1,632.6
2022
Net sales to unaffiliated customers	$	1,638.5	$	987.2	$	682.7	$	3,308.4
Sales between geographic areas	514.4		897.3		(1,411.7)		—
Net sales	$	2,152.9	$	1,884.5	$	(729.0)	$	3,308.4
Operating (loss) income	$	71.8	$	403.8	$	32.0	$	507.6
Long-lived assets	$	856.1	$	310.8	$	266.0	$	1,432.9
2021
Net sales to unaffiliated customers	$	1,339.2	$	957.9	$	625.4	$	2,922.5
Sales between geographic areas	494.9		815.1		(1,310.0)		—
Net sales	$	1,834.1	$	1,773.0	$	(684.6)	$	2,922.5
Operating (loss) income	$	(26.8)	$	416.2	$	116.4	$	505.8
Long-lived assets	$	737.5	$	377.2	$	232.9	$	1,347.6