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SEGMENT INFORMATION | 6 Months Ended
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Jun. 30, 2020
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION We manage our business based on three geographical segments: Americas (North and South America), EMEA (Europe, Middle East and Africa) and APAC (Asia Pacific). Our segments provide a broad portfolio of essential healthcare products, including acute and chronic dialysis therapies; sterile IV solutions; infusion systems and devices; parenteral nutrition therapies; inhaled anesthetics; generic injectable pharmaceuticals; and surgical hemostat and sealant products. We use operating income on a segment basis to make resource allocation decisions and assess the ongoing performance of our business segments. Intersegment sales are eliminated in consolidation. Certain items are maintained at Corporate and are not allocated to a segment. They primarily include the majority of foreign currency hedging activities, corporate headquarters costs, certain R&D costs, certain GBU support costs, stock compensation expense, certain employee benefit plan costs, and certain gains, losses, and other charges (such as business optimization, acquisition and integration costs, intangible asset amortization and asset impairments). Our chief operating decision maker does not receive any asset information by operating segment and, accordingly, we do not report asset information by operating segment. Financial information for our segments is as follows.
| Three months ended June 30, |  |  | Six months ended June 30, |
|  | As Restated |  |  | As Restated
(in millions) | 2020 | 2019 |  | 2020 | 2019
Net sales: |  |  |  |  |
Americas | $ | 1,407 |  | $ | 1,519 |  |  | $ | 2,906 |  | $ | 2,928 |
EMEA | 731 |  | 742 |  |  | 1,485 |  | 1,449 |
APAC | 580 |  | 573 |  |  | 1,129 |  | 1,095 |
Total net sales | $ | 2,718 |  | $ | 2,834 |  |  | $ | 5,520 |  | $ | 5,472 |
Operating income: |  |  |  |  |
Americas | $ | 489 |  | $ | 582 |  |  | $ | 1,033 |  | $ | 1,120 |
EMEA | 159 |  | 159 |  |  | 320 |  | 303 |
APAC | 143 |  | 136 |  |  | 271 |  | 256 |
Total segment operating income | $ | 791 |  | $ | 877 |  |  | $ | 1,624 |  | $ | 1,679 |
The following is a reconciliation of segment operating income to income before income taxes per the condensed consolidated statements of income.
| Three months ended June 30, |  |  | Six months ended June 30, |
|  | As Restated |  |  | As Restated
(in millions) | 2020 | 2019 |  | 2020 | 2019
Total segment operating income | $ | 791 |  | $ | 877 |  |  | $ | 1,624 |  | $ | 1,679 |
Corporate and other | (460) |  | (527) |  |  | (884) |  | (946) |
Total operating income | 331 |  | 350 |  |  | 740 |  | 733 |
Net interest expense | 36 |  | 20 |  |  | 57 |  | 38 |
Other (income) expense, net | 6 |  | 4 |  |  | 16 |  | (17) |
Income before income taxes | $ | 289 |  | $ | 326 |  |  | $ | 667 |  | $ | 712 |
Refer to Note 10 for additional information on Net Sales by GBU.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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