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Business Segment and Geographical Information
 6 Months Ended
Jun. 29, 2019
Segment Reporting [Abstract]  
Business Segment and Geographical Information [Text Block]
Note 4.
Business Segment and Geographical Information
The company’s management evaluates segment operating performance based on operating income before certain charges/credits to cost of revenues and selling, general and administrative expenses, principally associated with acquisition accounting; restructuring and other costs/income including costs arising from facility consolidations such as severance and abandoned lease expense and gains and losses from the sale of real estate and product lines as well as from significant litigation-related matters; and amortization of acquisition-related intangible assets. The company uses this measure because it helps management understand and evaluate the segments’ core operating results and facilitates comparison of performance for determining compensation.
Business Segment Information
 
 
Three Months Ended
 
Six Months Ended
 
 
June 29,

 
June 30,

 
June 29,

 
June 30,

(In millions)
 
2019

 
2018

 
2019

 
2018

 
 
 
 
 
 
 
 
 
Revenues
 
 
 
 
 
 
 
 
Life Sciences Solutions
 
$
1,710

 
$
1,569

 
$
3,317

 
$
3,068

Analytical Instruments
 
1,324

 
1,311

 
2,646

 
2,568

Specialty Diagnostics
 
943

 
932

 
1,900

 
1,879

Laboratory Products and Services
 
2,633

 
2,550

 
5,146

 
4,963

Eliminations
 
(294
)
 
(284
)
 
(568
)
 
(547
)
 
 
 
 
 
 
 
 
 
Consolidated revenues
 
6,316

 
6,078

 
12,441

 
11,931

 
 
 
 
 
 
 
 
 
Segment Income (a)
 
 
 
 
 
 
 
 
Life Sciences Solutions
 
609

 
522

 
1,170

 
1,039

Analytical Instruments
 
286

 
291

 
568

 
537

Specialty Diagnostics
 
242

 
253

 
484

 
496

Laboratory Products and Services
 
345

 
337

 
630

 
617

 
 
 
 
 
 
 
 
 
Subtotal reportable segments (a)
 
1,482

 
1,403

 
2,852

 
2,689

 
 
 
 
 
 
 
 
 
Cost of revenues charges, net
 
(5
)
 
(5
)
 
(11
)
 
(8
)
Selling, general and administrative charges, net
 
(36
)
 
(3
)
 
(47
)
 
(11
)
Restructuring and other income (costs), net
 
484

 
(17
)
 
473

 
(62
)
Amortization of acquisition-related intangible assets
 
(429
)
 
(441
)
 
(851
)
 
(885
)
 
 
 
 
 
 
 
 
 
Consolidated operating income
 
1,496

 
937

 
2,416

 
1,723

Other expense, net (b)
 
(103
)
 
(131
)
 
(206
)
 
(283
)
 
 
 
 
 
 
 
 
 
Income from continuing operations before income taxes
 
$
1,393

 
$
806

 
$
2,210

 
$
1,440

(a)
Represents operating income before certain charges to cost of revenues and selling, general and administrative expenses; restructuring and other costs/income, net; and amortization of acquisition-related intangibles.
(b)
The company does not allocate other expense, net to its segments.
Geographical Information
 
 
Three Months Ended
 
Six Months Ended
 
 
June 29,

 
June 30,

 
June 29,

 
June 30,

(In millions)
 
2019

 
2018

 
2019

 
2018

 
 
 
 
 
 
 
 
 
Revenues (c)
 
 
 
 
 
 
 
 
United States
 
$
3,103

 
$
2,914

 
$
6,021

 
$
5,670

China
 
724

 
648

 
1,378

 
1,189

Other
 
2,489

 
2,516

 
5,042

 
5,072

 
 
 
 
 
 
 
 
 
Consolidated revenues
 
$
6,316

 
$
6,078

 
$
12,441

 
$
11,931

(c)
Revenues are attributed to countries based on customer location.