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Legal Proceedings
6 Months Ended
Jun. 28, 2025
Legal Proceedings [Abstract]  
Legal Proceedings
Note 11 – Legal Proceedings
Henry Schein, Inc. has been named as a defendant in multiple opioid
 
related lawsuits (currently less than one-
hundred (
100
); one or more of Henry Schein, Inc.’s subsidiaries is also named as a defendant in a number of
 
those
cases).
 
Generally, the lawsuits allege that the manufacturers of prescription opioid drugs engaged in a false
advertising campaign to expand the market for such drugs and their own
 
market share and that the entities in the
supply chain (including Henry Schein, Inc. and its subsidiaries) reaped
 
financial rewards by refusing or otherwise
failing to monitor appropriately and restrict the improper distribution of those
 
drugs.
 
These actions consist of some
that have been consolidated within the MultiDistrict Litigation (“MDL”)
 
proceeding In Re National Prescription
Opiate Litigation (MDL No. 2804; Case No. 17-md-2804) and are currently
 
stayed, and others which remain
pending in state courts and are proceeding independently and outside of
 
the MDL.
 
We have reached a settlement
agreement in principle with hospital plaintiffs in
sixteen
 
cases, including the case filed by Florida Health Sciences
Center (and other hospitals) in Florida state court, which was scheduled
 
for trial in September 2025, for an
immaterial amount.
 
That trial has been stayed as to Henry Schein pending finalization
 
of the settlement agreement.
 
We have also agreed to settle
fifty-nine
 
cases filed by Virginia municipalities for an immaterial amount.
 
Finalization of the settlement agreement in those cases is pending.
 
Of Henry Schein’s 2024 net sales of
approximately $
12.7
 
billion, sales of opioids represented less than
four
-tenths of 1 percent.
 
Opioids represent a
negligible part of our business.
 
We intend to defend ourselves vigorously against these actions.
From time to time, we may become a party to other legal proceedings,
 
including, without limitation, product
liability claims, employment matters, commercial disputes, governmental
 
inquiries and investigations (which may
in some cases involve our entering into settlement arrangements or consent
 
decrees), and other matters arising out
of the ordinary course of our business.
 
While the results of any legal proceeding cannot be predicted with certainty,
in our opinion none of these other pending matters are currently
 
anticipated to have a material adverse effect on our
consolidated financial position, liquidity or results of operations.
As of June 28, 2025, we had accrued our best estimate of potential
 
losses relating to claims that were probable to
result in liability and for which we were able to reasonably estimate a
 
loss.
 
This accrued amount, as well as related
expenses, was not material to our financial position, results of operations
 
or cash flows.
 
Our method for
determining estimated losses considers currently available
 
facts, presently enacted laws and regulations and other
factors, including probable recoveries from third parties.