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v3.23.3

Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 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). Prior period amounts have been restated at constant currency to conform to current year presentation.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
Net Sales | 2023 |  | 2022 |  | 2023 |  | 2022
MedSurg | $ | 1,318 |  |  | $ | 1,199 |  | $ | 3,900 |  |  | $ | 3,521
Cardiovascular | 2,149 |  |  | 1,925 |  | 6,378 |  |  | 5,620
Total net sales of reportable segments | 3,468 |  |  | 3,124 |  | 10,277 |  |  | 9,141
Impact of foreign currency fluctuations | 59 |  |  | 46 |  | 238 |  |  | 300
| $ | 3,527 |  |  | $ | 3,170 |  | $ | 10,515 |  |  | $ | 9,440
Income (loss) before income taxes |  |  |  |  |  |  |
MedSurg | $ | 446 |  |  | $ | 359 |  | $ | 1,293 |  |  | $ | 1,048
Cardiovascular | 570 |  |  | 451 |  | 1,677 |  |  | 1,294
Total operating income of reportable segments | 1,016 |  |  | 810 |  | 2,970 |  |  | 2,342
Unallocated amounts: |  |  |  |  |  |  |
Corporate expenses, including hedging activities and impact of foreign currency fluctuations on operating income of reportable segments | (97) |  |  | (1) |  | (221) |  |  | 67
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 | (19) |  |  | (249) |  | (370) |  |  | (558)
Amortization expense | (208) |  |  | (202) |  | (620) |  |  | (604)
Operating income (loss) | 693 |  |  | 358 |  | 1,759 |  |  | 1,247
Other expense, net | (83) |  |  | (114) |  | (279) |  |  | (502)
Income (loss) before income taxes | $ | 610 |  |  | $ | 245 |  | $ | 1,480 |  |  | $ | 745
| Three Months Ended September 30, |  | Nine Months Ended September 30,
Operating income margin of reportable segments | 2023 |  | 2022 |  | 2023 |  | 2022
MedSurg | 33.8 | % |  | 30.0 | % |  | 33.2 | % |  | 29.8 | %
Cardiovascular | 26.5 | % |  | 23.4 | % |  | 26.3 | % |  | 23.0 | %

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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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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