XML 45 R34.htm IDEA: XBRL DOCUMENT
v3.22.1

Segment Reporting (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Segment Reporting [Abstract] |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] | A reconciliation of the totals reported for the reportable segments to the applicable line items within our accompanying unaudited consolidated statements of operations is as follows (in millions, except percentages). We have revised prior periods to conform to the current year presentation:
| Three Months Ended March 31, |  |
Net Sales | 2022 |  | 2021 |  |  |  |
MedSurg | $ | 1,164 |  |  | $ | 1,048 |  |  |  |
Cardiovascular | 1,902 |  |  | 1,661 |  |  |  |
Total net sales of reportable segments | 3,066 |  |  | 2,709 |  |  |  |
Specialty Pharmaceuticals(1) | — |  |  | 13 |  |  |  |
Net sales | 3,066 |  |  | 2,722 |  |  |  |
Impact of foreign currency fluctuations | (40) |  |  | 30 |  |  |  |
| $ | 3,026 |  |  | $ | 2,752 |  |  |  |
Income (loss) before income taxes |  |  |  |  |  |  |
MedSurg | $ | 371 |  |  | $ | 345 |  |  |  |
Cardiovascular | 477 |  |  | 459 |  |  |  |
Total operating income of reportable segments | 847 |  |  | 805 |  |  |  |
Specialty Pharmaceuticals(1) | — |  |  | 4 |  |  |  |
Unallocated amounts: |  |  |  |  |  |  |
Corporate expenses, including hedging activities and impact of foreign currency fluctuations on operating income of reportable segments | (66) |  |  | (139) |  |  |  |
Intangible asset impairment charges, acquisition/divestiture-related net charges (credits), restructuring and restructuring-related net charges (credits), and certain litigation-related net charges (credits) and EU MDR implementation costs | (117) |  |  | (114) |  |  |  |
Amortization expense | (198) |  |  | (185) |  |  |  |
Operating income (loss) | 466 |  |  | 370 |  |  |  |
Other expense, net | (310) |  |  | (45) |  |  |  |
Income (loss) before income taxes | $ | 156 |  |  | $ | 325 |  |  |  |
(1) On March 1, 2021, we completed the divestiture of the Specialty Pharmaceuticals business. Prior to the divestiture, we presented the Specialty Pharmaceuticals business as a standalone operating segment alongside our reportable segments.
| Three Months Ended March 31,
Operating income margin of reportable segments | 2022 |  | 2021
MedSurg | 31.8 | % |  | 32.9 | %
Cardiovascular | 25.1 | % |  | 27.7 | %

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration