XML 73 R47.htm IDEA: XBRL DOCUMENT v3.24.0.1

SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 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):

			Years Ended December 31,
			2023						2022						2021
Segment Net Sales
United States			$	3,508.7					$	3,132.6					$	2,963.1
Europe			1,337.4						1,213.7						1,099.6
Japan			436.7						559.3						528.0
Rest of World			716.9						610.7						533.2
Total segment net sales			$	5,999.7					$	5,516.3					$	5,123.9
Segment Operating Income
United States			$	2,306.1					$	2,130.9					$	2,051.0
Europe			709.5						652.2						569.1
Japan			259.1						376.7						348.0
Rest of World			310.4						247.7						185.2
Total segment operating income			$	3,585.1					$	3,407.5					$	3,153.3

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

			Years Ended December 31,
			2023						2022						2021
Net Sales Reconciliation
Segment net sales			$	5,999.7					$	5,516.3					$	5,123.9
Foreign currency			5.1						(133.9)						108.6
Consolidated net sales			$	6,004.8					$	5,382.4					$	5,232.5
Pre-tax Income Reconciliation
Segment operating income			$	3,585.1					$	3,407.5					$	3,153.3
Unallocated amounts:
Corporate items			(1,920.9)						(1,714.1)						(1,613.8)
Special charge and separation costs			(17.2)						(60.7)						—
Intellectual property agreement and litigation expense			(203.5)						(15.8)						(20.6)
Change in fair value of contingent consideration liabilities			26.2						35.8						124.1
Foreign currency			64.4						95.8						47.3
Consolidated operating income			1,534.1						1,748.5						1,690.3
Non-operating income			64.0						18.9						11.7
Consolidated pre-tax income			$	1,598.1					$	1,767.4					$	1,702.0

Schedule of Enterprise-Wide Information

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

			As of or for the Years Ended December 31,
			2023						2022						2021
Net Sales by Geographic Region
United States			$	3,508.7					$	3,132.6					$	2,963.1
Europe			1,334.5						1,174.8						1,190.3
Japan			452.4						473.6						528.9
Rest of World			709.2						601.4						550.2
			$	6,004.8					$	5,382.4					$	5,232.5
Net Sales by Major Product Group
Transcatheter Aortic Valve Replacement			$	3,879.8					$	3,518.2					$	3,422.5
Transcatheter Mitral and Tricuspid Therapies			197.6						116.1						86.0
Surgical Structural Heart			999.3						893.1						889.1
Critical Care			928.1						855.0						834.9
			$	6,004.8					$	5,382.4					$	5,232.5
Long-lived Tangible Assets by Geographic Region
United States			$	1,269.7					$	1,188.5					$	1,195.8
Europe			196.4						191.8						197.9
Japan			23.8						13.2						19.7
Rest of World			353.5						331.6						335.5
			$	1,843.4					$	1,725.1					$	1,748.9

X

- 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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

+ Details

Name:	us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: 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 3: 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 4: 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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration