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Segment and Geographic Data | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION We segregate our operations into two reportable business segments: (i) MedSurg and Neurotechnology and (ii) Orthopaedics which aligns to our internal reporting structure and how our Chief Operating Decision Maker (CODM) assesses the performance of and allocates resources. The CODM is the Chief Executive Officer. The CODM makes decisions on resource allocation, assesses performance of the business, and monitors budget versus actual results using segment operating income. Our reportable segments and related disclosures reflect certain reclassifications of prior year amounts from our Orthopaedics segment to our MedSurg and Neurotechnology segment due to changes in our internal reporting structure.
Segment Results |  |  |  |  |  |  |
| Three Months |  | Six Months
| 2025 |  | 2024 |  | 2025 |  | 2024
MedSurg and Neurotechnology | $3,771 |  | $3,215 |  | $7,282 |  | $6,312
Orthopaedics | 2,251 |  | 2,207 |  | 4,606 |  | 4,353
Net sales | $6,022 |  | $5,422 |  | $11,888 |  | $10,665
MedSurg and Neurotechnology | $1,414 |  | $1,287 |  | $2,736 |  | $2,525
Orthopaedics | 599 |  | 576 |  | 1,228 |  | 1,167
Cost of sales | $2,013 |  | $1,863 |  | $3,964 |  | $3,692
MedSurg and Neurotechnology | $246 |  | $194 |  | $471 |  | $389
Orthopaedics | 127 |  | 136 |  | 267 |  | 270
Segment research, development and engineering expenses | $373 |  | $330 |  | $738 |  | $659
MedSurg and Neurotechnology | $984 |  | $775 |  | $1,921 |  | $1,538
Orthopaedics | 743 |  | 756 |  | 1,590 |  | 1,507
Segment selling, general and administrative expenses | $1,727 |  | $1,531 |  | $3,511 |  | $3,045
MedSurg and Neurotechnology | $58 |  | $56 |  | $115 |  | $110
Orthopaedics | 104 |  | 105 |  | 202 |  | 213
Segment depreciation and amortization | $162 |  | $161 |  | $317 |  | $323
Corporate and Other | $40 |  | $38 |  | $79 |  | $78
Amortization of intangible assets | 187 |  | 155 |  | 354 |  | 308
Total depreciation and amortization | $389 |  | $354 |  | $750 |  | $709
MedSurg and Neurotechnology | $1,069 |  | $903 |  | $2,039 |  | $1,750
Orthopaedics | 678 |  | 634 |  | 1,319 |  | 1,196
Segment operating income | $1,747 |  | $1,537 |  | $3,358 |  | $2,946
Items not allocated to segments: |  |  |  |  |  |  |
Corporate and Other | $(202) |  | $(203) |  | $(469) |  | $(466)
Inventory stepped up to fair value | (65) |  | (9) |  | (99) |  | (9)
Acquisition and integration-related charges | (78) |  | (14) |  | (263) |  | (1)
Amortization of intangible assets | (187) |  | (155) |  | (354) |  | (308)
Structural optimization and other special charges | (11) |  | (59) |  | (52) |  | (70)
Goodwill and other impairments | (55) |  | (16) |  | (90) |  | (19)
Medical device regulation | (7) |  | (15) |  | (19) |  | (28)
Recall-related matters | (22) |  | (17) |  | (55) |  | (22)
Regulatory and legal matters | (7) |  | 2 |  | (7) |  | —
Consolidated operating income | $1,113 |  | $1,051 |  | $1,950 |  | $2,023
Segment Assets |  |
| June 30 |  | December 31
| 2025 |  | 2024
Assets: |  |  |
MedSurg and Neurotechnology | $26,909 |  | $23,115
Orthopaedics | 17,865 |  | 18,507
Total segment assets | $44,774 |  | $41,622
Corporate and Other | 1,557 |  | 1,349
Total assets | $46,331 |  | $42,971

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- 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 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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