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v3.25.2

Segment Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Segment Reporting [Abstract] |
Reconciliation of Segment Information to Total Consolidated Information | Presented in the table below is segment information for the periods identified and a reconciliation of segment information to total consolidated information.
|  | Three Months Ended June 30, 2025
(In millions) |  | Developed Markets |  | Greater China |  | JANZ |  | Emerging Markets |  | Total Reportable Segments
Net Sales |  | $ | 2,119.3 |  |  | $ | 588.9 |  |  | $ | 305.7 |  |  | $ | 555.1 |  |  | $ | 3,569.0 |
Other revenue |  | 10.3 |  |  | — |  |  | 1.0 |  |  | 1.8 |  |  | 13.1 |
Total revenue |  | $ | 2,129.6 |  |  | $ | 588.9 |  |  | $ | 306.7 |  |  | $ | 556.9 |  |  | $ | 3,582.1 |
Less: |  |  |  |  |  |  |  |  |  |
Cost of sales |  | 1,004.6 |  |  | 62.5 |  |  | 181.7 |  |  | 240.4 |  |  | 1,489.2 |
Selling, general and administration |  | 249.5 |  |  | 124.6 |  |  | 41.3 |  |  | 78.4 |  |  | 493.8 |
Segment profitability |  | $ | 875.5 |  |  | $ | 401.8 |  |  | $ | 83.7 |  |  | $ | 238.1 |  |  | $ | 1,599.1 |
Reconciliation of segment profit: |  |  |  |  |  |  |  |  |  |
Intangible asset amortization expense |  |  |  |  |  |  |  |  |  | (583.3) |
Intangible asset (including IPR&D) disposal & impairment charges |  |  |  |  |  |  |  |  |  | (2.2) |
Research and development |  |  |  |  |  |  |  |  |  | (218.8) |
Acquired IPR&D |  |  |  |  |  |  |  |  |  | — |
Litigation settlements & other contingencies, net |  |  |  |  |  |  |  |  |  | 47.6 |
Transaction related and other special items |  |  |  |  |  |  |  |  |  | (212.8) |
Corporate and other unallocated |  |  |  |  |  |  |  |  |  | (396.6) |
Earnings from operations |  |  |  |  |  |  |  |  |  | $ | 233.0 |
|  | Six Months Ended June 30, 2025
(In millions) |  | Developed Markets |  | Greater China |  | JANZ |  | Emerging Markets |  | Total Reportable Segments
Net sales |  | $ | 4,011.0 |  |  | $ | 1,144.4 |  |  | $ | 581.8 |  |  | $ | 1,075.0 |  |  | $ | 6,812.2 |
Other revenues |  | 17.2 |  |  | — |  |  | 2.0 |  |  | 5.0 |  |  | 24.2 |
Total revenues |  | $ | 4,028.2 |  |  | $ | 1,144.4 |  |  | $ | 583.8 |  |  | $ | 1,080.0 |  |  | $ | 6,836.4 |
Less: |  |  |  |  |  |  |  |  |  |
Cost of sales |  | 1,930.8 |  |  | 123.3 |  |  | 358.2 |  |  | 453.2 |  |  | 2,865.5 |
Selling, general and administration |  | 483.8 |  |  | 234.6 |  |  | 79.7 |  |  | 152.7 |  |  | 950.8 |
Segment profit |  | $ | 1,613.6 |  |  | $ | 786.5 |  |  | $ | 145.9 |  |  | $ | 474.1 |  |  | $ | 3,020.1 |
Reconciliation of segment profit: |  |  |  |  |  |  |  |  |  |
Intangible asset amortization expense |  |  |  |  |  |  |  |  |  | (1,154.5) |
Intangible asset (including IPR&D) disposal & impairment charges |  |  |  |  |  |  |  |  |  | (2.2) |
Impairment of goodwill |  |  |  |  |  |  |  |  |  | (2,936.8) |
Research and development |  |  |  |  |  |  |  |  |  | (440.8) |
Acquired IPR&D |  |  |  |  |  |  |  |  |  | (10.0) |
Litigation settlements and other contingencies, net |  |  |  |  |  |  |  |  |  | 121.1 |
Transaction related and other special items |  |  |  |  |  |  |  |  |  | (469.3) |
Corporate and other unallocated |  |  |  |  |  |  |  |  |  | (776.8) |
Loss from operations |  |  |  |  |  |  |  |  |  | $ | (2,649.2) |
|  | Three Months Ended June 30, 2024
(In millions) |  | Developed Markets |  | Greater China |  | JANZ |  | Emerging Markets |  | Total Reportable Segments
Net Sales |  | $ | 2,319.2 |  |  | $ | 539.0 |  |  | $ | 349.6 |  |  | $ | 578.1 |  |  | $ | 3,785.9 |
Other revenue |  | 5.9 |  |  | 0.4 |  |  | 0.2 |  |  | 4.2 |  |  | 10.7 |
Total revenue |  | $ | 2,325.1 |  |  | $ | 539.4 |  |  | $ | 349.8 |  |  | $ | 582.3 |  |  | $ | 3,796.6 |
Less: |  |  |  |  |  |  |  |  |  |
Cost of sales |  | 1,025.1 |  |  | 59.2 |  |  | 207.3 |  |  | 271.6 |  |  | 1,563.2 |
Selling, general and administration |  | 292.3 |  |  | 130.8 |  |  | 41.2 |  |  | 78.0 |  |  | 542.3 |
Segment profitability |  | $ | 1,007.7 |  |  | $ | 349.4 |  |  | $ | 101.3 |  |  | $ | 232.7 |  |  | $ | 1,691.1 |
Reconciliation of segment profit: |  |  |  |  |  |  |  |  |  |
Intangible asset amortization expense |  |  |  |  |  |  |  |  |  | (597.2) |
Intangible asset (including IPR&D) disposal & impairment charges |  |  |  |  |  |  |  |  |  | (102.0) |
Impairment of goodwill |  |  |  |  |  |  |  |  |  | (321.0) |
Research and development |  |  |  |  |  |  |  |  |  | (204.1) |
Acquired IPR&D |  |  |  |  |  |  |  |  |  | 7.8 |
Litigation settlements & other contingencies, net |  |  |  |  |  |  |  |  |  | (131.0) |
Transaction related and other special items |  |  |  |  |  |  |  |  |  | (196.4) |
Corporate and other unallocated |  |  |  |  |  |  |  |  |  | (387.1) |
Loss from operations |  |  |  |  |  |  |  |  |  | $ | (239.9) |
|  | Six Months Ended June 30, 2024
(In millions) |  | Developed Markets |  | Greater China |  | JANZ |  | Emerging Markets |  | Total Reportable Segments
Net sales |  | $ | 4,484.6 |  |  | $ | 1,082.9 |  |  | $ | 667.4 |  |  | $ | 1,204.5 |  |  | $ | 7,439.4 |
Other revenues |  | 13.1 |  |  | 0.4 |  |  | 0.5 |  |  | 6.6 |  |  | 20.6 |
Total revenues |  | $ | 4,497.7 |  |  | $ | 1,083.3 |  |  | $ | 667.9 |  |  | $ | 1,211.1 |  |  | $ | 7,460.0 |
Less: |  |  |  |  |  |  |  |  |  |
Cost of sales |  | 2,001.5 |  |  | 120.4 |  |  | 396.7 |  |  | 536.9 |  |  | 3,055.5 |
Selling, general and administration |  | 575.2 |  |  | 247.2 |  |  | 82.6 |  |  | 162.0 |  |  | 1,067.0 |
Segment profit |  | $ | 1,921.0 |  |  | $ | 715.7 |  |  | $ | 188.6 |  |  | $ | 512.2 |  |  | $ | 3,337.5 |
Reconciliation of segment profit: |  |  |  |  |  |  |  |  |  |
Intangible asset amortization expense |  |  |  |  |  |  |  |  |  | (1,198.2) |
Intangible asset (including IPR&D) disposal & impairment charges |  |  |  |  |  |  |  |  |  | (102.0) |
Impairment of goodwill |  |  |  |  |  |  |  |  |  | (321.0) |
Research and development |  |  |  |  |  |  |  |  |  | (403.8) |
Acquired IPR&D |  |  |  |  |  |  |  |  |  | 1.7 |
Litigation settlements and other contingencies, net |  |  |  |  |  |  |  |  |  | (207.8) |
Transaction related and other special items |  |  |  |  |  |  |  |  |  | (398.7) |
Corporate and other unallocated |  |  |  |  |  |  |  |  |  | (743.7) |
Loss from operations |  |  |  |  |  |  |  |  |  | $ | (36.0) |

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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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