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v3.25.2

SEGMENT INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2025
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,
| 2025 |  | 2024 |  | 2025 |  | 2024
Segment Net Sales |  |  |  |  |  |  |
United States | $ | 889.7 |  |  | $ | 806.4 |  |  | $ | 1,728.6 |  |  | $ | 1,588.5 |
Europe | 378.2 |  |  | 332.2 |  |  | 720.0 |  |  | 658.2 |
Japan | 95.3 |  |  | 86.5 |  |  | 177.1 |  |  | 172.5 |
Rest of World | 169.0 |  |  | 144.3 |  |  | 319.2 |  |  | 280.1 |
Total segment net sales | $ | 1,532.2 |  |  | $ | 1,369.4 |  |  | $ | 2,944.9 |  |  | $ | 2,699.3 |
Cost of Sales |  |  |  |  |  |  |
United States | $ | 167.5 |  |  | $ | 146.4 |  |  | $ | 313.5 |  |  | $ | 286.1 |
Europe | 84.8 |  |  | 74.4 |  |  | 167.0 |  |  | 148.0 |
Japan | 13.6 |  |  | 12.6 |  |  | 25.9 |  |  | 24.4 |
Rest of World | 43.9 |  |  | 40.3 |  |  | 83.7 |  |  | 78.7 |
Total segment cost of sales | $ | 309.8 |  |  | $ | 273.7 |  |  | $ | 590.1 |  |  | $ | 537.2 |
Selling, general, and administrative expenses |  |  |  |  |  |  |
United States | $ | 135.7 |  |  | $ | 117.8 |  |  | $ | 268.9 |  |  | $ | 233.0 |
Europe | 74.2 |  |  | 70.9 |  |  | 147.6 |  |  | 142.3 |
Japan | 18.5 |  |  | 19.6 |  |  | 34.9 |  |  | 45.6 |
Rest of World | 48.3 |  |  | 46.6 |  |  | 90.4 |  |  | 88.0 |
Total segment selling, general, and administrative expenses | $ | 276.7 |  |  | $ | 254.9 |  |  | $ | 541.8 |  |  | $ | 508.9 |
Other Segment Items |  |  |  |  |  |  |
United States | $ | 0.6 |  |  | $ | 0.7 |  |  | $ | 1.2 |  |  | $ | 1.4 |
Europe | 15.2 |  |  | 0.8 |  |  | 6.9 |  |  | 4.9 |
Japan | (0.2) |  |  | (3.6) |  |  | (4.8) |  |  | (2.9) |
Rest of World | (7.9) |  |  | (3.0) |  |  | (17.1) |  |  | (4.1) |
Total other segment items (a) | $ | 7.7 |  |  | $ | (5.1) |  |  | $ | (13.8) |  |  | $ | (0.7) |
Segment Operating Income |  |  |  |  |  |  |
United States | $ | 585.9 |  |  | $ | 541.5 |  |  | $ | 1,145.0 |  |  | $ | 1,068.0 |
Europe | 204.0 |  |  | 186.1 |  |  | 398.5 |  |  | 363.0 |
Japan | 63.4 |  |  | 57.9 |  |  | 121.1 |  |  | 105.4 |
Rest of World | 84.7 |  |  | 60.4 |  |  | 162.2 |  |  | 117.5 |
Total segment operating income | $ | 938.0 |  |  | $ | 845.9 |  |  | $ | 1,826.8 |  |  | $ | 1,653.9 |
_______________________________________________________________________________ (a) Other segment items include research and development expenses and foreign currency. The table below presents a reconciliation of segment operating income to consolidated pre-tax income (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Pre-tax Income Reconciliation |  |  |  |  |  |  |
Segment operating income | $ | 938.0 |  |  | $ | 845.9 |  |  | $ | 1,826.8 |  |  | $ | 1,653.9 |
Unallocated amounts: |  |  |  |  |  |  |
Corporate items | (505.2) |  |  | (480.8) |  |  | (991.4) |  |  | (927.8) |
Separation costs (Note 3) | (4.2) |  |  | — |  |  | (8.4) |  |  | — |
Certain litigation expenses | (15.5) |  |  | (8.1) |  |  | (26.4) |  |  | (17.0) |
Foreign currency | (1.9) |  |  | 9.5 |  |  | 5.4 |  |  | 6.4 |
Consolidated operating income | 411.2 |  |  | 366.5 |  |  | 806.0 |  |  | 715.5 |
Non-operating income | (11.0) |  |  | 17.5 |  |  | 28.1 |  |  | 39.7 |
Consolidated pre-tax income | $ | 400.2 |  |  | $ | 384.0 |  |  | $ | 834.1 |  |  | $ | 755.2 |
Schedule of Enterprise-Wide Information |
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Net Sales by Major Product Group |  |  |  |  |  |  |
Transcatheter Aortic Valve Replacement | $ | 1,130.9 |  |  | $ | 1,038.6 |  |  | $ | 2,177.5 |  |  | $ | 2,046.5 |
Transcatheter Mitral and Tricuspid Therapies | 134.5 |  |  | 83.0 |  |  | 249.7 |  |  | 155.9 |
Surgical Structural Heart | 266.8 |  |  | 247.8 |  |  | 517.7 |  |  | 496.9 |
| $ | 1,532.2 |  |  | $ | 1,369.4 |  |  | $ | 2,944.9 |  |  | $ | 2,699.3 |

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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 Reference 1: 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 Reference 2: 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 + Details
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- 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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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
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