Business Segments

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Business Segments

Business Segments

Net revenues and operating profit by segment are set forth in the following table:

	Three months ended June 30,						Six months ended June 30,
	2021		2020		Change %		2021		2020		Change %
Net revenues:
Application Software	$	591.6	$	398.4	48.5	%	$	1,168.2	$	803.5	45.4	%
Network Software & Systems	458.7		422.0		8.7	%	898.9		860.2		4.5	%
Measurement & Analytical Solutions	397.0		363.9		9.1	%	778.0		729.1		6.7	%
Process Technologies	140.3		120.7		16.2	%	271.1		262.9		3.1	%
Total	$	1,587.6	$	1,305.0	21.7	%	$	3,116.2	$	2,655.7	17.3	%
Gross profit:
Application Software	$	409.3	$	273.8	49.5	%	$	808.0	$	544.2	48.5	%
Network Software & Systems	318.8		284.8		11.9	%	618.2		578.0		7.0	%
Measurement & Analytical Solutions	230.4		221.5		4.0	%	455.1		436.1		4.4	%
Process Technologies	75.6		63.6		18.9	%	146.6		142.2		3.1	%
Total	$	1,034.1	$	843.7	22.6	%	$	2,027.9	$	1,700.5	19.3	%
Operating profit*:
Application Software	$	154.2	$	113.4	36.0	%	$	307.9	$	211.0	45.9	%
Network Software & Systems	150.5		130.6		15.2	%	286.0		269.3		6.2	%
Measurement & Analytical Solutions	124.0		123.0		0.8	%	248.1		237.0		4.7	%
Process Technologies	43.9		16.9		159.8	%	82.2		60.2		36.5	%
Total	$	472.6	$	383.9	23.1	%	$	924.2	$	777.5	18.9	%
Long-lived assets:
Application Software	$	127.9	$	88.5	44.5	%
Network Software & Systems	52.7		46.5		13.3	%
Measurement & Analytical Solutions	34.3		37.4		(8.3)	%
Process Technologies	16.1		20.6		(21.8)	%
Total	$	231.0	$	193.0	19.7	%

*Segment operating profit is before unallocated corporate general and administrative expenses. These expenses were $54.6 and $50.3 for the three months ended June 30, 2021 and 2020, respectively, and 105.7 and 94.7 for the six months ended June 30, 2021 and 2020, respectively.