SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Third Party Net Sales

The Company’s segment information for the three and six months ended June 30 were as follows:

Third Party Net Sales

	Three Months Ended				Six Months Ended
(in millions)	2019		2018		2019		2018
Technologies & Equipment	$	558.4	$	553.2	$	1,079.2	$	1,063.3
Consumables	451.0		488.9		876.4		934.9
Total net sales	$	1,009.4	$	1,042.1	$	1,955.6	$	1,998.2

Third Party Net Sales, Excluding Precious Metal Content

Third Party Net Sales, Excluding Precious Metal Content

	Three Months Ended				Six Months Ended
(in millions)	2019		2018		2019		2018
Technologies & Equipment	$	558.4	$	553.2	$	1,079.2	$	1,063.3
Consumables	442.1		479.5		856.3		915.2
Total net sales, excluding precious metal content	1,000.5		1,032.7		1,935.5		1,978.5
Precious metal content of sales	8.9		9.4		20.1		19.7
Total net sales, including precious metal content	$	1,009.4	$	1,042.1	$	1,955.6	$	1,998.2

Segment Adjusted Operating Income

Segment Adjusted Operating Income

	Three Months Ended				Six Months Ended
(in millions)	2019		2018		2019		2018
Technologies & Equipment	$	96.0	$	68.8	$	167.8	$	137.3
Consumables	121.8		143.4		227.5		258.1
Segment adjusted operating income before income taxes and interest	217.8		212.2		395.3		395.4
Reconciling items expense (income):
All Other (a)	58.9		39.6		118.6		92.2
Goodwill impairment	—		1,085.8		—		1,085.8
Restructuring and other costs	42.4		188.9		62.9		199.1
Interest expense	8.0		9.6		16.4		18.2
Interest income	(0.2)		(0.4)		(1.3)		(1.0)
Other expense (income), net	12.1		(1.0)		(1.7)		(35.1)
Amortization of intangible assets	47.3		50.2		95.5		100.1
Depreciation resulting from the fair value step-up of property, plant, and equipment, net from business combinations	1.7		1.8		3.5		3.6
Income (loss) before income taxes	$	47.6	$	(1,162.3)	$	101.4	$	(1,067.5)

(a) Includes the results of unassigned Corporate headquarter costs and inter-segment eliminations.