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Retirement Plans (Tables)
12 Months Ended
Dec. 31, 2022
Retirement Benefits [Abstract]  
Defined Contribution Plan Disclosures
202220212020
Plan expense$305 $259 $235 
Expense funded with Stryker common stock41 37 34 
Stryker common stock held by plan:
Dollar amount522 582 542 
Shares (in millions)2.1 2.2 2.2 
Value as a percentage of total plan assets10 %10 %11 %
Schedule of Costs of Retirement Plans
Components of Net Periodic Pension Cost
Net periodic benefit cost:202220212020
Service cost$(56)$(72)$(63)
Interest cost(10)(7)(8)
Expected return on plan assets15 11 13 
Amortization of prior service credit
Recognized actuarial loss(9)(16)(13)
Curtailment gain— — 
Net periodic benefit cost$(59)$(74)$(70)
Changes in assets and benefit obligations recognized in OCI:
Net actuarial gain (loss)$244 $132 $(117)
Recognized net actuarial loss16 13 
Prior service credit and transition amount(1)(1)(1)
Curtailment gain— (9)— 
Total recognized in other comprehensive income (loss)$252 $138 $(105)
Total recognized in net periodic benefit cost and OCI$193 $64 $(175)
Weighted-average rates used to determine net periodic benefit cost:
Discount rate1.1 %0.8 %1.0 %
Expected return on plan assets3.1 %2.5 %2.9 %
Rate of compensation increase2.6 %2.6 %2.9 %
Weighted-average discount rate used to determine projected benefit obligations3.3 %1.1 %0.8 %
Schedule of Defined Benefit Plans Disclosures
20222021
Fair value of plan assets$420 $543 
Benefit obligations(673)(1,036)
Funded status$(253)$(493)
Reported as:
Noncurrent assets—other assets$21 $— 
Current liabilities—accrued compensation(3)(2)
Noncurrent liabilities—other liabilities(271)(491)
Pre-tax amounts recognized in AOCI:
Unrecognized net actuarial gain (loss)33 (215)
Unrecognized prior service credit11 
Total$44 $(208)
Schedule of Changes in Accumulated Postemployment Benefit Obligations
Change in Benefit Obligations
20222021
Beginning projected benefit obligations$1,036 $1,118 
Service cost56 72 
Interest cost10 
Foreign exchange impact(56)(70)
Employee contributions
Actuarial (gains) losses(354)(71)
Curtailment gain— (23)
Benefits paid(24)(5)
Ending projected benefit obligations$673 $1,036 
Ending accumulated benefit obligations$645 $987 
Schedule of Changes in Fair Value of Plan Assets
Change in Plan Assets
20222021
Beginning fair value of plan assets$543 $522 
Actual return(109)17 
Employer contributions19 33 
Employee contributions
Foreign exchange impact(24)(29)
Benefits paid(14)(8)
Ending fair value of plan assets$420 $543 
Valuation of Plan Assets
2022Level 1Level 2Level 3Total
Cash and cash equivalents$18 $— $— $18 
Equity securities21 99 — 120 
Corporate debt securities
151 — 153 
Other69 55 129 
Total$46 $319 $55 $420 
2021
Cash and cash equivalents$21 $— $— $21 
Equity securities28 119 — 147 
Corporate debt securities202 — 204 
Other68 99 171 
Total$55 $389 $99 $543 
Schedule of Allocation of Plan Assets
Allocation of Plan Assets
2023 Target2022 Actual2021 Actual
Equity securities25 %27 %23 %
Debt securities41 38 41 
Other34 35 36 
Total100 %100 %100 %
Schedule of Expected Benefit Payments
Estimated Future Benefit Payments
202320242025202620272028-2032
$22 $26 $23 $23 $25 $146