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SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Information About Reportable Segments and Reconciliation of Segment Net Sales to Consolidated Net Sales and Segment Pre-Tax Income to Consolidated Pre-Tax Income

The table below presents information about Edwards Lifesciences' reportable segments (in millions):

	Three Months Ended    September 30,								Nine Months Ended    September 30,
	2019				2018				2019				2018
Segment Net Sales
United States	$	647.8			$	518.5			$	1,835.5			$	1,510.2
Europe	219.8				191.6				684.3				608.1
Japan	110.0				95.4				322.9				288.4
Rest of World	112.0				96.8				316.5				290.2
Total segment net sales	$	1,089.6			$	902.3			$	3,159.2			$	2,696.9
Segment Operating Income
United States	$	447.4			$	353.0			$	1,258.3			$	1,010.5
Europe	111.5				90.9				353.2				295.6
Japan	70.7				55.0				202.8				171.8
Rest of World	36.7				28.3				99.8				89.6
Total segment operating income	$	666.3			$	527.2			$	1,914.1			$	1,567.5

The table below presents reconciliations of segment net sales to consolidated net sales and segment operating income to consolidated pre-tax income (in millions):

	Three Months Ended    September 30,								Nine Months Ended    September 30,
	2019				2018				2019				2018
Net Sales Reconciliation
Segment net sales	$	1,089.6			$	902.3			$	3,159.2			$	2,696.9
Foreign currency	4.4				4.3				14.7				48.2
Consolidated net sales	$	1,094.0			$	906.6			$	3,173.9			$	2,745.1
Pre-tax Income Reconciliation
Segment operating income	$	666.3			$	527.2			$	1,914.1			$	1,567.5
Unallocated amounts:
Corporate items	(384.2		)		(281.0		)		(1,073.1		)		(792.0		)
Special charge (Note 4)	—				—				(24.0		)		—
Intellectual property litigation expenses	(7.9		)		(7.9		)		(19.5		)		(19.1		)
Change in fair value of contingent consideration liabilities, net	2.3				6.4				(12.4		)		(8.3		)
Foreign currency	17.8				4.2				50.9				5.4
Consolidated operating income	294.3				248.9				836.0				753.5
Non-operating income	7.4				(0.2		)		15.0				9.7
Consolidated pre-tax income	$	301.7			$	248.7			$	851.0			$	763.2

Enterprise-Wide Information

Enterprise-wide information is based on actual foreign exchange rates used in the Company's consolidated condensed financial statements.

	Three Months Ended    September 30,								Nine Months Ended    September 30,
	2019				2018				2019				2018
	(in millions)
Net Sales by Geographic Area
United States	$	647.8			$	518.7			$	1,835.5			$	1,510.3
Europe	222.6				201.3				699.0				659.3
Japan	112.9				94.2				324.4				289.5
Rest of World	110.7				92.4				315.0				286.0
	$	1,094.0			$	906.6			$	3,173.9			$	2,745.1
Net Sales by Major Product and Service Area
Transcatheter Aortic Valve Replacement	$	700.0			$	557.1			$	1,975.4			$	1,692.2
Transcatheter Mitral and Tricuspid Therapies	9.7				0.7				21.0				2.1
Surgical Structural Heart	204.1				184.6				636.6				554.4
Critical Care	180.2				164.2				540.9				496.4
	$	1,094.0			$	906.6			$	3,173.9			$	2,745.1

	September 30, 2019				December 31, 2018
	(in millions)
Long-lived Tangible Assets by Geographic Area
United States	$	791.5			$	642.1
Europe	73.7				36.6
Japan	23.1				6.7
Rest of World	258.7				214.4
	$	1,147.0			$	899.8

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- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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