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The Company reports financial results on the basis of three
business segments: domestic distribution, international distribution
and laboratory workstations. The domestic distribution segment
manufactures, sells and distributes products to three primary
customer markets: scientific research, clinical laboratory and
industrial safety. Additionally, this segment provides contract
manufacturing, chemical manufacturing and custom chemical synthesis
and pharmaceutical services for Phase III and Phase IV clinical
trials. The international distribution segment sells and distributes
products primarily to the scientific research market. The laboratory
workstations segment engages in the manufacture and sale of
laboratory furniture and fume hoods to the scientific research
laboratory market and the manufacture and sale of consoles and
enclosures to the technology, communication and financial markets.
Selected business segment financial information for the years
ended December 31, 2002, 2001 and 2000 is presented below (in
millions):
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Income from operations is revenue less related direct and
allocated expenses. External customer sales of the domestic
distribution segment were $2,602 million, $2,281 million and
$2,045 million during 2002, 2001 and 2000, respectively. Intercompany
sales and transfers between segments were not material for 2002,
2001 or 2000.
The domestic distribution, international distribution and laboratory
workstations segments accounted for $19.6 million, $6.5 million
and $0.1 million, respectively, of the 2001 restructuring and
other charges. In addition, the Company accelerated the vesting
of common stock options and recorded a primarily noncash compensation
charge of $33.5 million in 2001 not allocated by segment.
Total assets, capital expenditures and depreciation and amortization
by segment for the year ended December 31 are as follows (in
millions):
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Sales outside the United States were approximately 18 percent,
17 percent and 19 percent of total sales in 2002, 2001 and 2000,
respectively. No single foreign country accounted for more than
10 percent of sales during any of the years ended December 31,
2002, 2001 or 2000.
Long-lived assets and revenues by geographical area for the
year ended December 31 are as follows (in millions):
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