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v3.25.1

Segment Information (Tables) | 3 Months Ended
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Mar. 28, 2025
Segment Reporting [Abstract] |
Segment Results | Detailed segment data for the three-month periods ended March 28, 2025 and March 29, 2024 is as follows ($ in millions):
| Biotechnology |  | Life Sciences |  | Diagnostics |  | Other(a) |  | Total |  |  |  |
For the Three-Month Period Ended March 28, 2025: |  |  |  |  |  |  |  |  |  |  |  |  |
Sales | $ | 1,612 |  |  | $ | 1,680 |  |  | $ | 2,449 |  |  | $ | — |  |  | $ | 5,741 |  |  |  |  |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation | (34) |  |  | (45) |  |  | (100) |  |  | (2) |  |  | (181) |  |  |  |  |
Amortization of intangible assets | (213) |  |  | (149) |  |  | (48) |  |  | — |  |  | (410) |  |  |  |  |
Other segment expenses(b) | (924) |  |  | (1,285) |  |  | (1,583) |  |  | (84) |  |  | (3,876) |  |  |  |  |
Operating profit | $ | 441 |  |  | $ | 201 |  |  | $ | 718 |  |  | $ | (86) |  |  | $ | 1,274 |  |  |  |  |
For the Three-Month Period Ended March 29, 2024: |  |  |  |  |  |  |  |  |  |  |  |  |
Sales | $ | 1,524 |  |  | $ | 1,745 |  |  | $ | 2,527 |  |  | $ | — |  |  | $ | 5,796 |  |  |  |  |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation | (42) |  |  | (38) |  |  | (97) |  |  | (2) |  |  | (179) |  |  |  |  |
Amortization of intangible assets | (218) |  |  | (141) |  |  | (48) |  |  | — |  |  | (407) |  |  |  |  |
Other segment expenses(b) | (939) |  |  | (1,331) |  |  | (1,552) |  |  | (76) |  |  | (3,898) |  |  |  |  |
Operating profit | $ | 325 |  |  | $ | 235 |  |  | $ | 830 |  |  | $ | (78) |  |  | $ | 1,312 |  |  |  |  |
(a) Other consists of unallocated corporate costs and other costs not considered part of management’s evaluation of reportable segment operating performance. (b) Other segment expenses for each reportable segment include cost of sales, selling, general and administrative (“SG&A”) expenses, research and development (“R&D”) expenses, excluding in each case depreciation and amortization of intangible assets. Included within these categories of expenses are overhead expenses, stock compensation expense, restructuring charges and allocated corporate expenses. The following table presents identifiable assets as of March 28, 2025 and December 31, 2024 ($ in millions):
| March 28, 2025 |  | December 31, 2024
Identifiable assets: |  |  |
Biotechnology | $ | 36,121 |  |  | $ | 34,605 |
Life Sciences | 23,396 |  |  | 23,211 |
Diagnostics | 14,291 |  |  | 14,204 |
Other | 5,308 |  |  | 5,522 |
Total | $ | 79,116 |  |  | $ | 77,542 |
The following table presents capital expenditures for the three-month periods ended March 28, 2025 and March 29, 2024 ($ in millions):
| Three-Month Period Ended |  |
| March 28, 2025 |  | March 29, 2024 |  |  |  |
Capital expenditures: |  |  |  |  |  |  |
Biotechnology | $ | 81 |  |  | $ | 102 |  |  |  |  |
Life Sciences | 48 |  |  | 60 |  |  |  |  |
Diagnostics | 115 |  |  | 127 |  |  |  |  |
Other | 1 |  |  | 2 |  |  |  |  |
Total | $ | 245 |  |  | $ | 291 |  |  |  |  |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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