Business Segments and Geographic Information

3 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Business Segments and Geographic Information

Business Segments and Geographic InformationThe Company has four reportable segments: Diagnostics, Breast Health, GYN Surgical and Skeletal Health. The Company measures and evaluates its reportable segments based on segment revenues and operating income adjusted to exclude the effect of non-cash charges, such as intangible asset amortization expense, goodwill and intangible asset impairment charges, transaction and integration expenses for acquisitions, restructuring, consolidation and divestiture charges, litigation charges, and other one-time or unusual items.

Identifiable assets for the reportable segments consist of inventories, intangible assets, goodwill, and property, plant and equipment. The Company fully allocates depreciation expense to its reportable segments. The Company has presented all other identifiable assets as corporate assets. There were no inter-segment revenues during the three months ended December 31, 2022 and December 25, 2021. Segment information is as follows:

	Three Months Ended
	December 31, 2022		December 25, 2021
Total revenues:
Diagnostics	$	559.3	$	950.4
Breast Health	334.2		359.3
GYN Surgical	154.1		134.3
Skeletal Health	26.6		27.1
	$	1,074.2	$	1,471.1
Income from operations:
Diagnostics	$	151.1	$	531.8
Breast Health	60.5		81.7
GYN Surgical	48.8		26.6
Skeletal Health	2.0		1.2
	$	262.4	$	641.3
Depreciation and amortization:
Diagnostics	$	59.9	$	69.4
Breast Health	13.6		15.5
GYN Surgical	12.3		22.9
Skeletal Health	0.1		0.2
	$	85.9	$	108.0
Capital expenditures:
Diagnostics	$	15.9	$	31.0
Breast Health	7.2		4.2
GYN Surgical	3.9		2.1
Skeletal Health	0.1		0.1
Corporate	2.0		0.1
	$	29.1	$	37.5

 

	December 31, 2022		September 24, 2022
Identifiable assets:
Diagnostics	$	2,950.7	$	2,881.7
Breast Health	1,262.0		1,245.8
GYN Surgical	1,466.1		1,461.5
Skeletal Health	31.6		27.5
Corporate	3,579.9		3,454.7
	$	9,290.3	$	9,071.2

The Company had no customers that represented greater than 10% of consolidated revenues during the three months ended December 31, 2022 and December 25, 2021.

The Company operates in the following major geographic areas noted in the below chart. Revenue data is based upon customer location. Other than the United States, no single country accounted for more than 10% of consolidated revenues. The Company’s sales in Europe are predominantly derived from the United Kingdom, Germany, France, Spain, Italy and the Netherlands . The Company’s sales in Asia-Pacific are predominantly derived from China, Australia and Japan. The “Rest of World” designation includes Canada, Latin America and the Middle East.

Revenues by geography as a percentage of total revenues were as follows:

	Three Months Ended
	December 31, 2022		December 25, 2021
United States	76.7	%	68.8	%
Europe	13.7	%	20.1	%
Asia-Pacific	5.9	%	8.1	%
Rest of World	3.7	%	3.0	%
	100.0	%	100.0	%