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Revenue Recognition
6 Months Ended
Jun. 30, 2021
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 2020.
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 MonthsSix Months
2021202020212020
Orthopaedics:
Knees$474 $241 $886 $673 
Hips353 216 662 532 
Trauma and Extremities674 330 1,314 722 
Other127 107 250 189 
$1,628 $894 $3,112 $2,116 
MedSurg:
Instruments$517 $328 $986 $841 
Endoscopy518 316 987 771 
Medical640 632 1,262 1,219 
Sustainability73 48 134 115 
$1,748 $1,324 $3,369 $2,946 
Neurotechnology and Spine:
Neurotechnology$611 $369 $1,181 $852 
Spine307 177 585 438 
$918 $546 $1,766 $1,290 
Total$4,294 $2,764 $8,247 $6,352 
Net Sales by Geography
Three Months 2021Three Months 2020
United StatesInternationalUnited StatesInternational
Orthopaedics:
Knees$349 $125 $179 $62 
Hips221 132 140 76 
Trauma and Extremities475 199 208 122 
Other99 28 96 11 
$1,144 $484 $623 $271 
MedSurg:
Instruments$401 $116 $249 $79 
Endoscopy407 111 253 63 
Medical488 152 454 178 
Sustainability72 48 — 
$1,368 $380 $1,004 $320 
Neurotechnology and Spine:
Neurotechnology$371 $240 $211 $158 
Spine217 90 128 49 
$588 $330 $339 $207 
Total$3,100 $1,194 $1,966 $798 
Net Sales by Geography
Six Months 2021Six Months 2020
United StatesInternationalUnited StatesInternational
Orthopaedics:
Knees$643 $243 $501 $172 
Hips407 255 341 191 
Trauma and Extremities915 399 468 254 
Other193 57 165 24 
$2,158 $954 $1,475 $641 
MedSurg:
Instruments$756 $230 $659 $182 
Endoscopy761 226 617 154 
Medical961 301 908 311 
Sustainability132 114 
$2,610 $759 $2,298 $648 
Neurotechnology and Spine:
Neurotechnology$706 $475 $512 $340 
Spine410 175 324 114 
$1,116 $650 $836 $454 
Total$5,884 $2,363 $4,609 $1,743 
Contract Assets and Liabilities
On June 30, 2021 and December 31, 2020 contract assets recorded in our Consolidated Balance Sheets were not significant.
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 $476 and $416 on June 30, 2021 and December 31, 2020.