Notes to Financial Statements
NOTE 20—Segment and Geographical Financial Information
Selected business segment financial information for the years ended December 31, 2000, 1999, and 1998 is shown below
(in millions):
Income (loss) from operations is revenue less related direct
and allocated expenses. Intercompany sales and transfers between
segments were not material for 2000, 1999, or 1998. External
customer sales of the domestic distribution segment were $2,023.9
million, $1,860.5 million, and $1,729.8 million for 2000, 1999,
and 1998, respectively.
The domestic and international distribution segments accounted
for ($1.0) million and ($1.0) million, respectively, of the
2000 restructuring credit; ($2.8) million and $1.3 million,
respectively, of the 1999 restructuring credit; and $15.3 million
and $8.3 million, respectively, of the 1998 restructuring charge.
See Note 19— Restructuring and Other Charges.
The Company operates or sells to customers in approximately
145 countries outside the United States. Sales outside the United
States comprised 19%, 21%, and 20% of consolidated sales in
2000, 1999, and 1998, respectively. No single foreign country
accounted for more than 10% of consolidated sales during the
past three years.
Fisher’s product portfolio is comprised of consumable products,
such as laboratory supplies and specialty chemicals and durables.
Approximately 80% of 2000, 1999, and 1998 sales were of consumable
products and 20% of 2000, 1999, and 1998 sales were of durable
products.
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