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Business Segments [Disclosure] Business Segment (Notes)
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
21.  BUSINESS SEGMENT INFORMATION
The following table is a summary of segment information for the years ended December 31, 2019, 2018, and 2017. The “management approach” has been used to present the following segment information. This approach is based upon the way the management of the Company organizes segments within an enterprise for making operating decisions and assessing performance. Financial information is reported on the basis that it is used internally by the chief operating decision maker (CODM) for evaluating segment performance and deciding how to allocate resources to segments. The Company’s chief executive officer has been identified as the CODM.
Segment asset information is not presented because it is not used by the CODM at the segment level. Operating earnings (loss) of each segment represents revenues less directly identifiable expenses to arrive at operating income for the segment. General management and administrative corporate expenses are included in general corporate expenses below.
 
 
2019
 
2018
 
2017
Revenues:
 
 
 
 
 
 
LCD
 
$
7,000.1

 
$
7,030.8

 
$
6,858.2

CDD
 
4,578.1

 
4,313.1

 
3,451.6

Intercompany eliminations
 
(23.4
)
 
(10.5
)
 
(1.8
)
Total revenues
 
$
11,554.8

 
$
11,333.4

 
$
10,308.0

 
 
 
 
 
 
 
Operating Earnings (Loss):
 
 
 
 
 
 
LCD
 
$
1,086.0

 
$
1,166.7

 
$
1,300.9

CDD
 
411.5

 
303.6

 
144.9

General corporate expenses
 
(167.3
)
 
(144.6
)
 
(140.6
)
Total operating income
 
1,330.2

 
1,325.7

 
1,305.2

Non-operating expenses, net
 
(225.3
)
 
(57.4
)
 
(227.7
)
Earnings before income taxes
 
1,104.9

 
1,268.3

 
1,077.5

Provision for income taxes
 
280.0

 
384.4

 
(155.4
)
Net earnings
 
824.9

 
883.9

 
1,232.9

Less: Net income attributable to noncontrolling interests
 
(1.1
)
 
(0.2
)
 
(5.8
)
Net income attributable to Laboratory Corporation of America Holdings
 
$
823.8

 
$
883.7

 
$
1,227.1

 
 
2019
 
2018
 
2017
Depreciation and Amortization
 
 
 
 
 
 
LCD
 
$
301.0

 
$
293.3

 
$
304.7

CDD
 
261.1

 
247.3

 
217.4

General corporate
 
2.6

 
2.6

 
1.2

Total depreciation and amortization
 
$
564.7

 
$
543.2

 
$
523.3

 
 
LCD
 
CDD
 
Intercompany Eliminations
 
Total
Geographic distribution of revenues
 
 
 
 
 
 
 
 
US
 
$
6,662.6

 
$
2,341.8

 
$
(23.4
)
 
$
8,981.0

Canada
 
333.3

 
—

 
—

 
333.3

United Kingdom
 
—

 
507.9

 
—

 
507.9

Switzerland
 
—

 
532.9

 
—

 
532.9

Other
 
4.2

 
1,195.5

 
—

 
1,199.7

Total revenues
 
$
7,000.1

 
$
4,578.1

 
$
(23.4
)
 
$
11,554.8

 
 
LCD
 
CDD
 
Total
Geographic distribution of property, plant and equipment, net
 
 
 
 
 
 
U.S.
 
$
1,385.1

 
$
694.8

 
$
2,079.9

Canada
 
94.9

 
—

 
94.9

U.K.
 
—

 
196.2

 
196.2

Switzerland
 
—

 
92.9

 
92.9

Other
 
—

 
172.7

 
172.7

Total property, plant and equipment, net
 
$
1,480

 
$
1,156.6

 
$
2,636.6