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SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2021

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,
			2021						2020						2021						2020
Segment Net Sales
United States			$	753.3					$	662.0					$	2,223.7					$	1,845.6
Europe			268.9						241.5						806.1						695.9
Japan			126.2						109.9						384.6						325.0
Rest of World			136.1						115.2						393.6						323.4
Total segment net sales			$	1,284.5					$	1,128.6					$	3,808.0					$	3,189.9
Segment Operating Income
United States			$	527.4					$	453.8					$	1,544.1					$	1,264.0
Europe			140.6						124.2						426.5						356.2
Japan			83.7						69.2						258.3						209.9
Rest of World			49.5						35.6						145.2						105.2
Total segment operating income			$	801.2					$	682.8					$	2,374.1					$	1,935.3

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,
			2021						2020						2021						2020
Net Sales Reconciliation
Segment net sales			$	1,284.5					$	1,128.6					$	3,808.0					$	3,189.9
Foreign currency			25.7						12.3						94.8						4.7
Consolidated net sales			$	1,310.2					$	1,140.9					$	3,902.8					$	3,194.6
Pre-tax Income Reconciliation
Segment operating income			$	801.2					$	682.8					$	2,374.1					$	1,935.3
Unallocated amounts:
Corporate items			(413.6)						(331.9)						(1,178.7)						(1,005.6)
Intellectual property litigation expenses, net			(4.7)						(8.4)						(13.5)						(400.8)
Change in fair value of contingent consideration liabilities			(1.1)						9.0						106.0						(8.4)
Foreign currency			8.5						6.3						28.0						25.7
Consolidated operating income			390.3						357.8						1,315.9						546.2
Non-operating income			0.6						6.5						9.8						14.4
Consolidated pre-tax income			$	390.9					$	364.3					$	1,325.7					$	560.6

Enterprise-Wide Information

The following 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,
			2021						2020						2021						2020
Net Sales by Geographic Area
United States			$	753.2					$	662.0					$	2,223.6					$	1,845.6
Europe			291.1						253.8						880.9						707.8
Japan			125.9						113.9						390.0						330.7
Rest of World			140.0						111.2						408.3						310.5
			$	1,310.2					$	1,140.9					$	3,902.8					$	3,194.6
Net Sales by Major Product Area
Transcatheter Aortic Valve Replacement			$	857.8					$	744.6					$	2,551.0					$	2,081.1
Transcatheter Mitral and Tricuspid Therapies			22.3						12.1						60.7						28.7
Surgical Structural Heart			217.4						203.3						667.8						557.6
Critical Care			212.7						180.9						623.3						527.2
			$	1,310.2					$	1,140.9					$	3,902.8					$	3,194.6

			September 30, 2021						December 31, 2020
Long-lived Tangible Assets by Geographic Area
United States			$	1,132.9					$	1,084.3
Europe			203.8						192.7
Japan			14.6						20.4
Rest of World			330.9						311.0
			$	1,682.2					$	1,608.4

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