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Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six Months Ended June 30,
Net Sales | 2022 |  | 2021 |  | 2022 |  | 2021
MedSurg | $ | 1,278 |  |  | $ | 1,185 |  | $ | 2,442 |  |  | $ | 2,233
Cardiovascular | 2,066 |  |  | 1,865 |  | 3,967 |  |  | 3,526
Total net sales of reportable segments | 3,344 |  |  | 3,050 |  | 6,410 |  |  | 5,758
Specialty Pharmaceuticals(1) | — |  |  | — |  | — |  |  | 13
Impact of foreign currency fluctuations | (100) |  |  | 27 |  | (140) |  |  | 58
| $ | 3,244 |  |  | $ | 3,077 |  | $ | 6,270 |  |  | $ | 5,829
Income (loss) before income taxes |  |  |  |  |  |  |
MedSurg | $ | 398 |  |  | $ | 403 |  | $ | 769 |  |  | $ | 748
Cardiovascular | 543 |  |  | 529 |  | 1,020 |  |  | 989
Total operating income of reportable segments | 941 |  |  | 932 |  | 1,789 |  |  | 1,736
Specialty Pharmaceuticals(1) | — |  |  | — |  | — |  |  | 4
Unallocated amounts: |  |  |  |  |  |  |
Corporate expenses, including hedging activities and impact of foreign currency fluctuations on operating income of reportable segments | (123) |  |  | (159) |  | (189) |  |  | (298)
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 | (192) |  |  | (331) |  | (308) |  |  | (445)
Amortization expense | (204) |  |  | (180) |  | (402) |  |  | (365)
Operating income (loss) | 423 |  |  | 262 |  | 889 |  |  | 632
Other expense, net | (78) |  |  | (113) |  | (388) |  |  | (157)
Income (loss) before income taxes | $ | 345 |  |  | $ | 149 |  | $ | 501 |  |  | $ | 474
(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 June 30, |  | Six Months Ended June 30,
Operating income margin of reportable segments | 2022 |  | 2021 |  | 2022 |  | 2021
MedSurg | 31.2 | % |  | 34.0 | % |  | 31.5 | % |  | 33.5 | %
Cardiovascular | 26.3 | % |  | 28.4 | % |  | 25.7 | % |  | 28.0 | %

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- 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
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