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v3.23.1

Segment Reporting (Tables) | 3 Months Ended
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Mar. 31, 2023
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).
| Three Months Ended March 31, |  |
Net Sales | 2023 |  | 2022 |  |  |  |
MedSurg | $ | 1,252 |  |  | $ | 1,164 |  |  |  |
Cardiovascular | 2,049 |  |  | 1,902 |  |  |  |
Total net sales of reportable segments | 3,301 |  |  | 3,066 |  |  |  |
Impact of foreign currency fluctuations | 88 |  |  | (40) |  |  |  |
| $ | 3,389 |  |  | $ | 3,026 |  |  |  |
Income (loss) before income taxes |  |  |  |  |  |  |
MedSurg | $ | 400 |  |  | $ | 371 |  |  |  |
Cardiovascular | 541 |  |  | 477 |  |  |  |
Total operating income of reportable segments | 940 |  |  | 847 |  |  |  |
Unallocated amounts: |  |  |  |  |  |  |
Corporate expenses, including hedging activities and impact of foreign currency fluctuations on operating income of reportable segments | (75) |  |  | (66) |  |  |  |
Goodwill and intangible asset impairment charges, acquisition/divestiture-related net charges (credits), restructuring and restructuring-related net charges (credits), certain litigation-related net charges (credits) and EU MDR implementation costs | (110) |  |  | (117) |  |  |  |
Amortization expense | (203) |  |  | (198) |  |  |  |
Operating income (loss) | 552 |  |  | 466 |  |  |  |
Other expense, net | (108) |  |  | (310) |  |  |  |
Income (loss) before income taxes | $ | 444 |  |  | $ | 156 |  |  |  |
| Three Months Ended March 31, |  |
Operating income margin of reportable segments | 2023 |  | 2022 |  |  |  |
MedSurg | 31.9 | % |  | 31.8 | % |  |  |  |
Cardiovascular | 26.4 | % |  | 25.1 | % |  |  |  |

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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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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