Rendering

Component: (Network and Table)
Network
2301302 - Disclosure - Nature of Operations and Summary of Significant Accounting Policies (Tables)
(http://thermofisher.com/role/NatureOfOperationsAndSummaryOfSignificantAccountingPoliciesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000097745 (http://www.sec.gov/CIK)
Organization, Consolidation and Presentation of Financial Statements [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Organization, Consolidation and Presentation of Financial Statements [Abstract]
 
Allowance for Doubtful Accounts [Table Text Block]
The changes in the allowance for doubtful accounts are as follows:
 
 
Year Ended December 31,
(In millions)
 
2016

 
2015

 
2014

 
 
 
 
 
 
 
Beginning Balance
 
$
70.1

 
$
74.1

 
$
54.1

Provision charged to expense (a)
 
15.9

 
5.5

 
20.4

Accounts recovered
 
0.2

 
0.2

 
1.0

Accounts written off
 
(9.2
)
 
(4.8
)
 
(11.2
)
Other (b)
 
0.3

 
(4.9
)
 
9.8

 
 
 
 
 
 
 
Ending Balance
 
$
77.3

 
$
70.1

 
$
74.1

(a)
In 2016, includes $8.5 million of charges to conform the accounting policies of FEI with the company's accounting policies. In 2014, includes $16.2 million of charges to conform the accounting policies of Life Technologies with the company's accounting policies.
(b)
Includes allowance of businesses acquired and sold during the year as described in Note 2 and the effect of currency translation.
  
Warranty Obligations [Table Text Block]
The changes in the carrying amount of standard product warranty obligations are as follows:
 
 
Year Ended
 
 
December 31,

 
December 31,

(In millions)
 
2016

 
2015

 
 
 
 
 
Beginning Balance
 
$
55.8

 
$
57.5

Provision charged to income
 
96.2

 
85.4

Usage
 
(86.6
)
 
(82.1
)
Acquisitions
 
16.8

 
0.5

Adjustments to previously provided warranties, net
 
(2.5
)
 
(2.6
)
Currency translation
 
(1.8
)
 
(2.9
)
 
 
 
 
 
Ending Balance
 
$
77.9

 
$
55.8

  
Inventories [Table Text Block]
The components of inventories are as follows:
 
 
December 31,

 
December 31,

(In millions)
 
2016

 
2015

 
 
 
 
 
Raw Materials
 
$
466.3

 
$
421.1

Work in Process
 
327.9

 
236.8

Finished Goods
 
1,419.1

 
1,333.8

 
 
 
 
 
Inventories
 
$
2,213.3

 
$
1,991.7

  
Property, Plant and Equipment [Table Text Block]
Property, plant and equipment consists of the following:

 
 
December 31,

 
December 31,

(In millions)
 
2016

 
2015

 
 
 
 
 
Land
 
$
305.6

 
$
276.4

Buildings and Improvements
 
1,154.2

 
1,050.5

Machinery, Equipment and Leasehold Improvements
 
2,955.7

 
2,786.8

 
 
 
 
 
Property, Plant and Equipment, at Cost
 
4,415.5

 
4,113.7

Less: Accumulated Depreciation and Amortization
 
1,837.7

 
1,664.9

 
 
 
 
 
Property, Plant and Equipment, Net
 
$
2,577.8

 
$
2,448.8

  
Finite-Lived Acquisition-related Intangible Assets [Table Text Block]
Acquisition-related intangible assets are as follows:
 
 
Balance at December 31, 2016
 
Balance at December 31, 2015
(In millions)
 
Gross

 
Accumulated Amortization

 
Net

 
Gross

 
Accumulated Amortization

 
Net

 
 
 
 
 
 
 
 
 
 
 
 
 
Definite Lived:
 
 
 
 
 
 
 
 
 
 
 
 
Customer relationships
 
$
13,167.3

 
$
(4,821.4
)
 
$
8,345.9

 
$
11,844.4

 
$
(4,086.9
)
 
$
7,757.5

Product technology
 
5,679.7

 
(2,204.2
)
 
3,475.5

 
4,799.8

 
(1,819.0
)
 
2,980.8

Tradenames
 
1,452.2

 
(646.0
)
 
806.2

 
1,316.7

 
(548.2
)
 
768.5

Other
 
33.0

 
(33.0
)
 
—

 
33.2

 
(33.0
)
 
0.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
20,332.2

 
(7,704.6
)
 
12,627.6

 
17,994.1

 
(6,487.1
)
 
11,507.0

Indefinite Lived:
 
 
 
 
 
 
 
 
 
 
 
 
Tradenames
 
1,234.8

 
—

 
1,234.8

 
1,234.8

 
—

 
1,234.8

In-process research and development
 
106.6

 
—

 
106.6

 
16.5

 
—

 
16.5

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1,341.4

 
—

 
1,341.4

 
1,251.3

 
—

 
1,251.3

 
 
 
 
 
 
 
 
 
 
 
 
 
Acquisition-related Intangible Assets
 
$
21,673.6

 
$
(7,704.6
)
 
$
13,969.0

 
$
19,245.4

 
$
(6,487.1
)
 
$
12,758.3

  
Indefinite-Lived Acquisition-related Intangible Assets [Table Text Block]
Acquisition-related intangible assets are as follows:
 
 
Balance at December 31, 2016
 
Balance at December 31, 2015
(In millions)
 
Gross

 
Accumulated Amortization

 
Net

 
Gross

 
Accumulated Amortization

 
Net

 
 
 
 
 
 
 
 
 
 
 
 
 
Definite Lived:
 
 
 
 
 
 
 
 
 
 
 
 
Customer relationships
 
$
13,167.3

 
$
(4,821.4
)
 
$
8,345.9

 
$
11,844.4

 
$
(4,086.9
)
 
$
7,757.5

Product technology
 
5,679.7

 
(2,204.2
)
 
3,475.5

 
4,799.8

 
(1,819.0
)
 
2,980.8

Tradenames
 
1,452.2

 
(646.0
)
 
806.2

 
1,316.7

 
(548.2
)
 
768.5

Other
 
33.0

 
(33.0
)
 
—

 
33.2

 
(33.0
)
 
0.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
20,332.2

 
(7,704.6
)
 
12,627.6

 
17,994.1

 
(6,487.1
)
 
11,507.0

Indefinite Lived:
 
 
 
 
 
 
 
 
 
 
 
 
Tradenames
 
1,234.8

 
—

 
1,234.8

 
1,234.8

 
—

 
1,234.8

In-process research and development
 
106.6

 
—

 
106.6

 
16.5

 
—

 
16.5

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1,341.4

 
—

 
1,341.4

 
1,251.3

 
—

 
1,251.3

 
 
 
 
 
 
 
 
 
 
 
 
 
Acquisition-related Intangible Assets
 
$
21,673.6

 
$
(7,704.6
)
 
$
13,969.0

 
$
19,245.4

 
$
(6,487.1
)
 
$
12,758.3

  
Finite-Lived Acquisition-related Intangible Assets, Future Amortization Expense [Table Text Block]
The estimated future amortization expense of acquisition-related intangible assets with definite lives is as follows:
(In millions)
 
 
 
 
 
2017 
 
$
1,465.7

2018 
 
1,428.1

2019 
 
1,397.1

2020 
 
1,297.0

2021 
 
1,199.6

2022 and Thereafter
 
5,840.1

 
 
 
Estimated Future Amortization Expense of Definite-lived Intangible Assets
 
$
12,627.6

  
Goodwill [Table Text Block]
The changes in the carrying amount of goodwill by segment are as follows:
(In millions)
 
Life Sciences
Solutions

 
Analytical
Instruments

 
Specialty
Diagnostics

 
Laboratory
Products and
Services

 
Total

 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2014
 
$
7,245.3

 
$
2,729.8

 
$
3,899.6

 
$
4,967.9

 
$
18,842.6

Acquisitions
 
125.1

 
1.7

 
4.7

 
120.8

 
252.3

Finalization of purchase price allocations for 2014 acquisitions
 
(3.3
)
 
—

 
—

 
—

 
(3.3
)
Sale of a product line
 
(5.8
)
 
—

 
—

 
—

 
(5.8
)
Currency translation
 
(80.4
)
 
(24.1
)
 
(132.8
)
 
(22.4
)
 
(259.7
)
Other
 
8.3

 
(4.9
)
 
(0.2
)
 
(1.7
)
 
1.5

 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2015
 
7,289.2

 
2,702.5

 
3,771.3

 
5,064.6

 
18,827.6

Acquisitions
 
633.1

 
2,059.0

 
0.8

 
—

 
2,692.9

Finalization of purchase price allocations for 2015 acquisitions
 
—

 
—

 
—

 
6.8

 
6.8

Currency translation
 
(3.1
)
 
(80.1
)
 
(108.1
)
 
(31.0
)
 
(222.3
)
Other
 
13.2

 
4.4

 
(5.0
)
 
10.2

 
22.8

 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2016
 
$
7,932.4

 
$
4,685.8

 
$
3,659.0

 
$
5,050.6

 
$
21,327.8