Segment Information

3 Months Ended

Mar. 31, 2024

SEGMENT INFORMATION


	Three Months
	2024		2023
MedSurg and Neurotechnology	$	2,999	$	2,690
Orthopaedics and Spine	2,244		2,088
Net sales	$	5,243	$	4,778
MedSurg and Neurotechnology	$	804	$	627
Orthopaedics and Spine	605		601
Segment operating income	$	1,409	$	1,228
Items not allocated to segments:
Corporate and other	$	(263)	$	(222)
Acquisition and integration-related costs	13		(6)
Amortization of intangible assets	(153)		(161)
Structural optimization and other special charges	(14)		(42)
Medical device regulations	(13)		(28)
Recall-related matters	(5)		—
Regulatory and legal matters	(2)		(34)

Consolidated operating income	$	972	$	735

There were no significant changes to total assets by segment from the information provided in our Annual Report on Form 10-K for 2023.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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+ Details