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Revenue Recognition
6 Months Ended
Jun. 30, 2020
Revenue Recognition [Abstract]  
Revenue Recognition REVENUE RECOGNITION
Our policies for recognizing sales have not changed from those described in our Annual Report on Form 10-K for 2019.
We disaggregate our net sales by product line and geographic location for each of our segments as we believe it best depicts how the nature, amount, timing and certainty of our net sales and cash flows are affected by economic factors.
Net Sales by Product Line
 
 
 
 
 
 
Three Months
 
Six Months
 
2020
2019
 
2020
2019
Orthopaedics:
 
 
 
 
 
Knees
$
241

$
440

 
$
673

$
879

Hips
216

343

 
532

679

Trauma and Extremities
330

394

 
722

790

Other
107

96

 
189

175

 
$
894

$
1,273

 
$
2,116

$
2,523

MedSurg:
 
 
 
 
 
Instruments
$
328

$
504

 
$
841

$
965

Endoscopy
316

480

 
771

950

Medical
632

542

 
1,219

1,073

Sustainability
48

75

 
115

140

 
$
1,324

$
1,601

 
$
2,946

$
3,128

Neurotechnology and Spine:
 
 
 
 
 
Neurotechnology
$
369

$
484

 
$
852

$
953

Spine
177

292

 
438

562

 
$
546

$
776

 
$
1,290

$
1,515

Total
$
2,764

$
3,650

 
$
6,352

$
7,166

Net Sales by Geography
 
 
 
 
 
 
Three Months 2020
 
Three Months 2019
 
United States
International
 
United States
International
Orthopaedics:
 
 
 
 
 
Knees
$
179

$
62

 
$
324

$
116

Hips
140

76

 
219

124

Trauma and Extremities
208

122

 
252

142

Other
96

11

 
79

17

 
$
623

$
271

 
$
874

$
399

MedSurg:
 
 
 
 
 
Instruments
$
249

$
79

 
$
399

$
105

Endoscopy
253

63

 
383

97

Medical
454

178

 
430

112

Sustainability
48


 
75


 
$
1,004

$
320

 
$
1,287

$
314

Neurotechnology and Spine:
 
 
 
 
 
Neurotechnology
$
211

$
158

 
$
313

$
171

Spine
128

49

 
221

71

 
$
339

$
207

 
$
534

$
242

Total
$
1,966

$
798

 
$
2,695

$
955

Net Sales by Geography
 
 
 
 
 
 
Six Months 2020
 
Six Months 2019
 
United States
International
 
United States
International
Orthopaedics:
 
 
 
 
 
Knees
$
501

$
172

 
$
644

$
235

Hips
341

191

 
432

247

Trauma and Extremities
468

254

 
506

284

Other
165

24

 
142

33

 
$
1,475

$
641

 
$
1,724

$
799

MedSurg:
 
 
 
 
 
Instruments
$
659

$
182

 
$
764

$
201

Endoscopy
617

154

 
759

191

Medical
908

311

 
846

227

Sustainability
114

1

 
139

1

 
$
2,298

$
648

 
$
2,508

$
620

Neurotechnology and Spine:
 
 
 
 
 
Neurotechnology
$
512

$
340

 
$
613

$
340

Spine
324

114

 
429

133

 
$
836

$
454

 
$
1,042

$
473

Total
$
4,609

$
1,743

 
$
5,274

$
1,892

Contract Assets and Liabilities
On June 30, 2020 there were no contract assets recorded on our Consolidated Balance Sheets.
Our contract liabilities arise as a result of consideration received from customers at inception of contracts for certain businesses or where the timing of billing for services precedes satisfaction of our performance obligations. We generally satisfy performance obligations within one year from the contract inception date. Our contract liabilities were $379 and $313 on June 30, 2020 and December 31, 2019.