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SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2024

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 June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Segment Net Sales
United States			$	816.9					$	761.9					$	1,609.8					$	1,487.0
Europe			334.9						302.0						660.4						602.6
Japan			93.2						87.5						181.5						168.6
Rest of World			150.7						139.2						291.2						267.2
Total segment net sales			$	1,395.7					$	1,290.6					$	2,742.9					$	2,525.4
Segment Operating Income
United States			$	544.2					$	519.4					$	1,075.7					$	1,014.7
Europe			187.4						166.0						365.6						335.8
Japan			58.3						53.4						106.0						105.6
Rest of World			61.1						59.2						118.8						112.8
Total segment operating income			$	851.0					$	798.0					$	1,666.1					$	1,568.9

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 June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Net Sales Reconciliation
Segment net sales			$	1,395.7					$	1,290.6					$	2,742.9					$	2,525.4
Foreign currency			(9.8)						4.9						(10.1)						7.8
Consolidated net sales			$	1,385.9					$	1,295.5					$	2,732.8					$	2,533.2
Pre-tax Income Reconciliation
Segment operating income			$	851.0					$	798.0					$	1,666.1					$	1,568.9
Unallocated amounts:
Corporate items			(483.3)						(439.4)						(935.2)						(852.7)
Intellectual property agreement and certain litigation expenses			(8.1)						(147.9)						(17.0)						(191.4)
Change in fair value of contingent consideration liabilities			—						26.9						—						26.2
Foreign currency			9.5						25.9						6.3						50.2
Consolidated operating income			369.1						263.5						720.2						601.2
Non-operating income			17.5						11.6						39.7						21.4
Consolidated pre-tax income			$	386.6					$	275.1					$	759.9					$	622.6

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 June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Net Sales by Geographic Region
United States			$	816.8					$	761.9					$	1,609.7					$	1,487.0
Europe			335.6						301.9						665.3						598.6
Japan			87.4						94.1						174.1						182.8
Rest of World			146.1						137.6						283.7						264.8
			$	1,385.9					$	1,295.5					$	2,732.8					$	2,533.2
Net Sales by Major Product Group
Transcatheter Aortic Valve Replacement			$	1,038.6					$	991.6					$	2,046.5					$	1,939.5
Transcatheter Mitral and Tricuspid Therapies			83.0						47.6						155.9						89.2
Surgical Structural Heart			264.3						256.3						530.4						504.5
			$	1,385.9					$	1,295.5					$	2,732.8					$	2,533.2

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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.

+ References

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-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
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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.

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