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v3.25.1

Segment Reporting (Details) $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2025 USD ($) segment | Mar. 31, 2024 USD ($)
Segment Reporting [Abstract] |  |
Number of reportable segments | segment | 2 |
Segment Reporting Information [Line Items] |  |
Impact of foreign currency fluctuations | $ (69) | $ (19)
Net sales | 4,663 | 3,856
Cost of products sold | 1,360 | 1,192
Selling, general and administrative expenses | 1,376 | 1,180
Research and development expenses | 403 | 335
Other segment items | 11 | 9
Segment operating incom | 1,582 | 1,159
Corporate expenses, including hedging activities and impact of foreign currency fluctuations on operating income of reportable segments | (2,288) | (1,973)
Goodwill and other 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 | (209) | (124)
Amortization expense | (219) | (214)
Operating income (loss) | 921 | 675
Other income (expense), net | (116) | (67)
Income (loss) before income taxes | 805 | 608
MedSurg |  |
Segment Reporting Information [Line Items] |  |
Net sales | 1,577 | 1,412
Cardiovascular |  |
Segment Reporting Information [Line Items] |  |
Net sales | 3,085 | 2,445
Operating Segments |  |
Segment Reporting Information [Line Items] |  |
Net sales of reportable segments | 4,731 | 3,875
Income (loss) before income taxes |  | 608
Operating Segments | MedSurg |  |
Segment Reporting Information [Line Items] |  |
Net sales of reportable segments | 1,598 | 1,417
Cost of products sold | $ 435 | $ 381
Cost of products sold, percentage of net sale | 27.20% | 26.90%
Selling, general and administrative expenses | $ 509 | $ 439
Selling, general and administrative expenses, percentage of net sale | 31.80% | 31.00%
Research and development expenses | $ 121 | $ 107
Research and development expenses, percentage of net sale | 7.50% | 7.60%
Other segment items | $ 6 | $ 5
Other segment items, percentage of net sale | 0.30% | 0.30%
Segment operating incom | $ 528 | $ 485
Segment operating income, percentage of net sale | 33.10% | 34.20%
Operating Segments | Cardiovascular |  |
Segment Reporting Information [Line Items] |  |
Net sales of reportable segments | $ 3,133 | $ 2,458
Cost of products sold | $ 925 | $ 811
Cost of products sold, percentage of net sale | 29.50% | 33.00%
Selling, general and administrative expenses | $ 867 | $ 740
Selling, general and administrative expenses, percentage of net sale | 27.70% | 30.10%
Research and development expenses | $ 282 | $ 228
Research and development expenses, percentage of net sale | 9.00% | 9.30%
Other segment items | $ 6 | $ 4
Other segment items, percentage of net sale | 0.20% | 0.20%
Segment operating incom | $ 1,053 | $ 674
Segment operating income, percentage of net sale | 33.60% | 27.40%
Segment Reporting, Reconciling Item, Corporate Nonsegment |  |
Segment Reporting Information [Line Items] |  |
Corporate expenses, including hedging activities and impact of foreign currency fluctuations on operating income of reportable segments | $ (232) | $ (146)

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