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Retirement Plans (Tables)
12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Defined Contribution Plan Disclosures
202420232022
Plan expense$376 $327 $305 
Expense funded with Stryker common stock62 57 41 
Stryker common stock held by plan:
Dollar amount$781 $649 $522 
Shares (in millions)2.2 2.2 2.1 
Value as a percentage of total plan assets10 %10 %10 %
Schedule of Costs of Retirement Plans
Components of Net Periodic Pension Cost
Net periodic benefit cost:202420232022
Service cost$(39)$(32)$(56)
Interest cost(21)(23)(10)
Expected return on plan assets19 18 15 
Amortization of prior service credit
Recognized actuarial gain (loss)(1)(9)
Net periodic benefit cost$(41)$(32)$(59)
Changes in assets and benefit obligations recognized in OCI:
Net actuarial gain (loss)$43 $(67)$244 
Recognized net actuarial (gain) loss(4)
Prior service credit and transition amount(1)(1)(1)
Total recognized in other comprehensive income (loss)$43 $(72)$252 
Total recognized in net periodic benefit cost and OCI$2 $(104)$193 
Weighted-average rates used to determine net periodic benefit cost:
Discount rate2.8 %3.3 %1.1 %
Expected return on plan assets4.3 %4.2 %3.1 %
Rate of compensation increase3.0 %3.0 %2.6 %
Weighted-average discount rate used to determine projected benefit obligations2.9 %2.8 %3.3 %
Schedule of Defined Benefit Plans Disclosures
20242023
Fair value of plan assets$492 $485 
Benefit obligations(782)(826)
Funded status$(290)$(341)
Reported as:
Noncurrent assets—other assets$48 $21 
Current liabilities—accrued compensation(3)(3)
Noncurrent liabilities—other liabilities(335)(359)
Pre-tax amounts recognized in AOCI:
Unrecognized net actuarial gain (loss)(39)
Unrecognized prior service credit11 
Total$14 $(28)
Schedule of Changes in Accumulated Postemployment Benefit Obligations
Change in Benefit Obligations
20242023
Beginning projected benefit obligations$826 $673 
Service cost39 32 
Interest cost21 23 
Foreign exchange impact(52)32 
Employee contributions
Actuarial (gains) losses(40)79 
Benefits paid(19)(20)
Ending projected benefit obligations$782 $826 
Ending accumulated benefit obligations$748 $790 
Schedule of Changes in Fair Value of Plan Assets
Change in Plan Assets
20242023
Beginning fair value of plan assets$485 $420 
Actual return22 29 
Employer contributions23 23 
Employee contributions
Foreign exchange impact(31)22 
Benefits paid(14)(16)
Ending fair value of plan assets$492 $485 
Valuation of Plan Assets
2024Level 1Level 2Level 3Total
Cash and cash equivalents$17 $— $— $17 
Equity securities125 — 133 
Debt securities203 — 205 
Other76 57 137 
Total$31 $404 $57 $492 
2023Level 1Level 2Level 3Total
Cash and cash equivalents$15 $— $— $15 
Equity securities20 130 — 150 
Debt securities185 — 187 
Other63 65 133 
Total$42 $378 $65 $485 
Schedule of Allocation of Plan Assets
Allocation of Plan Assets
2025 Target2024 Actual2023 Actual
Equity securities24 %28 %28 %
Debt securities44 40 37 
Other32 32 35 
Total100 %100 %100 %
Schedule of Expected Benefit Payments
Estimated Future Benefit Payments
202520262027202820292030-2034
$24 $23 $25 $26 $27 $171