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SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of Information about Reportable Segments and Reconciliation of Segment Net Sales and 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,
			2023						2022						2023						2022
Segment Net Sales
United States			$	869.9					$	786.8					$	2,614.3					$	2,337.1
Europe			317.8						291.9						989.2						901.8
Japan			107.2						130.9						321.2						416.9
Rest of World			181.2						160.9						529.0						449.1
Total segment net sales			$	1,476.1					$	1,370.5					$	4,453.7					$	4,104.9
Segment Operating Income
United States			$	571.7					$	535.0					$	1,727.5					$	1,596.0
Europe			168.5						156.0						527.9						487.1
Japan			63.9						87.3						190.7						282.7
Rest of World			80.3						63.7						230.9						178.0
Total segment operating income			$	884.4					$	842.0					$	2,677.0					$	2,543.8

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,
			2023						2022						2023						2022
Net Sales Reconciliation
Segment net sales			$	1,476.1					$	1,370.5					$	4,453.7					$	4,104.9
Foreign currency			4.8						(51.5)						17.0						(70.8)
Consolidated net sales			$	1,480.9					$	1,319.0					$	4,470.7					$	4,034.1
Pre-tax Income Reconciliation
Segment operating income			$	884.4					$	842.0					$	2,677.0					$	2,543.8
Unallocated amounts:
Corporate items			(473.9)						(415.6)						(1,435.2)						(1,285.4)
Special charge (Note 4)			—						(66.8)						—						(66.8)
Intellectual property agreement and litigation (expense) income, net			(2.2)						2.4						(193.6)						(10.8)
Change in fair value of contingent consideration liabilities			—						12.5						26.2						36.3
Foreign currency			10.1						27.9						59.6						83.6
Consolidated operating income			418.4						402.4						1,134.0						1,300.7
Non-operating income			20.9						4.9						42.4						7.4
Consolidated pre-tax income			$	439.3					$	407.3					$	1,176.4					$	1,308.1

Schedule of 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,
			2023						2022						2023						2022
Net Sales by Geographic Region
United States			$	869.9					$	786.8					$	2,614.3					$	2,337.1
Europe			322.3						270.1						989.6						884.0
Japan			108.4						104.1						340.4						362.5
Rest of World			180.3						158.0						526.4						450.5
			$	1,480.9					$	1,319.0					$	4,470.7					$	4,034.1
Net Sales by Major Product Group
Transcatheter Aortic Valve Replacement			$	960.9					$	862.3					$	2,900.4					$	2,650.5
Transcatheter Mitral and Tricuspid Therapies			52.4						29.7						141.6						84.6
Surgical Structural Heart			246.6						219.7						751.1						669.0
Critical Care			221.0						207.3						677.6						630.0
			$	1,480.9					$	1,319.0					$	4,470.7					$	4,034.1

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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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