XML 60 R47.htm IDEA: XBRL DOCUMENT
v3.20.4

BENEFIT PLANS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Retirement Benefits [Abstract] |
Schedule of Reconciliations of Changes in the Defined Benefit and Postretirement Healthcare Plans' Benefit Obligations, Fair Value of Assets and Statement of Funded Status | Reconciliation of changes in the defined benefit obligations, fair value of assets and statement of funded status were as follows:
|  | Year Ended December 31,
(in millions) |  | 2020 |  | 2019
Change in Benefit Obligation |  |  |  |
Benefit obligation at beginning of year |  | $ | 578 |  |  | $ | 512 |
Service cost |  | 16 |  |  | 14 |
Interest cost |  | 5 |  |  | 8 |
Participant contributions |  | 4 |  |  | 4 |
Actuarial losses (gains) |  | 31 |  |  | 79 |
Effect of exchange rate changes |  | 59 |  |  | (7) |
Plan curtailments and settlements |  | (1) |  |  | (23) |
Benefits paid |  | (17) |  |  | (9) |
Benefit obligation at end of year |  | $ | 675 |  |  | $ | 578 |
Change in Plan Assets |  |  |  |
Fair value of plan assets at beginning of year |  | $ | 185 |  |  | $ | 173 |
Actual return on assets |  | 9 |  |  | 24 |
Plan settlements |  | — |  |  | (23) |
Effect of exchange rate changes |  | 17 |  |  | 2 |
Employer contributions |  | 15 |  |  | 14 |
Participant contributions |  | 4 |  |  | 4 |
Benefits paid |  | (17) |  |  | (9) |
Fair value of plan assets at end of year |  | $ | 213 |  |  | $ | 185 |
Funded status at end of year |  | $ | (462) |  |  | $ | (393) |
Schedule of Amounts Recognized in the Accompanying Consolidated Balance Sheets, Net of Tax Effects | The amounts recognized in the accompanying Consolidated Balance Sheets, net of tax effects, were as follows:
|  | Location In The |  | Year Ended December 31,
(in millions) |  | Consolidated Balance Sheets |  | 2020 |  | 2019
Deferred tax asset |  | Other noncurrent assets, net |  | $ | 49 |  |  | $ | 40 |
Total assets |  |  |  | $ | 49 |  |  | $ | 40 |
Current liabilities |  | Accrued liabilities |  | (10) |  |  | (9) |
Other noncurrent liabilities |  | Other noncurrent liabilities |  | (452) |  |  | (384) |
Deferred tax liability |  | Deferred income taxes |  | (1) |  |  | (1) |
Total liabilities |  |  |  | $ | (463) |  |  | $ | (394) |
Accumulated other comprehensive income |  | Accumulated other comprehensive loss |  | 139 |  |  | 113 |
Net amount recognized |  |  |  | $ | (275) |  |  | $ | (241) |
Schedule of Amounts Recognized in Accumulated Other Comprehensive Income | Amounts recognized in AOCI were as follows:
|  | Year Ended December 31, |
(in millions) |  | 2020 |  | 2019 |
Net actuarial loss |  | $ | 191 |  |  | $ | 156 |  |
Net prior service cost |  | (4) |  |  | (4) |  |
Before tax AOCI |  | $ | 187 |  |  | $ | 152 |  |
Less: Deferred taxes |  | 48 |  |  | 39 |  |
Net of tax AOCI |  | $ | 139 |  |  | $ | 113 |  |
Schedule of Information for Pension Plans with an Accumulated Benefit Obligation in Excess of Plan Assets | Information for pension plans with a projected or accumulated benefit obligation in excess of plan assets were as follows:
|  | Year Ended December 31,
(in millions) |  | 2020 |  | 2019
Projected benefit obligation |  | $ | 484 |  |  | $ | 398 |
Accumulated benefit obligation |  | 455 |  |  | 371 |
Fair value of plan assets |  | 26 |  |  | 8 |
Schedule of Components of Net Periodic Benefit Cost | Components of net periodic benefit cost were as follows:
|  | Year Ended December 31, |  | Location in Consolidated
(in millions) |  | 2020 |  | 2019 |  | 2018 |  | Statements of Operations
Service cost |  | $ | 6 |  |  | $ | 6 |  |  | $ | 6 |  |  | Cost of products sold
Service cost |  | 10 |  |  | 8 |  |  | 10 |  |  | Selling, general and administrative expenses
Interest cost |  | 5 |  |  | 8 |  |  | 7 |  |  | Other expense (income), net
Expected return on plan assets |  | (4) |  |  | (5) |  |  | (5) |  |  | Other expense (income), net
Amortization of prior service credit |  | (1) |  |  | (1) |  |  | — |  |  | Other expense (income), net
Amortization of net actuarial loss |  | 9 |  |  | 6 |  |  | 6 |  |  | Other expense (income), net
Curtailment and settlement (gains) loss |  | — |  |  | 6 |  |  | (1) |  |  | Other expense (income), net
Net periodic benefit cost |  | $ | 25 |  |  | $ | 28 |  |  | $ | 23 |  |  |
Schedule of Other Changes in Plan Assets and Benefit Obligations Recognized in AOCI | Other changes in plan assets and benefit obligations recognized in AOCI were as follows:
|  | Year Ended December 31,
(in millions) |  | 2020 |  | 2019 |  | 2018
Net actuarial loss (gain) |  | $ | 43 |  |  | $ | 53 |  |  | $ | (6) |
Net prior service cost (credit) |  | — |  |  | — |  |  | (3) |
Amortization |  | (9) |  |  | (5) |  |  | (6) |
Total recognized in AOCI |  | $ | 34 |  |  | $ | 48 |  |  | $ | (15) |
Total recognized in net periodic benefit cost and AOCI |  | $ | 59 |  |  | $ | 76 |  |  | $ | 8 |
Schedule of Weighted Average Assumptions Used to Determine Benefit Obligations, Principally in Foreign Locations | The weighted average assumptions used to determine benefit obligations for the Company’s plans, principally in foreign locations were as follows:
|  | Year Ended December 31,
|  | 2020 |  | 2019 |  | 2018
Interest crediting rate |  | 1.3 | % |  | 1.3 | % |  | 1.5 | %
Discount rate |  | 0.6 | % |  | 1.0 | % |  | 1.8 | %
Rate of compensation increase |  | 2.4 | % |  | 2.5 | % |  | 2.5 | %
Schedule of Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost | The weighted average assumptions used to determine net periodic benefit cost for the Company’s plans, principally in foreign locations were as follows:
|  | Year Ended December 31,
|  | 2020 |  | 2019 |  | 2018
Interest crediting rate |  | 1.3 | % |  | 1.3 | % |  | 1.5 | %
Discount rate |  | 1.0 | % |  | 1.8 | % |  | 1.6 | %
Expected return on plan assets |  | 2.3 | % |  | 2.9 | % |  | 2.9 | %
Rate of compensation increase |  | 2.5 | % |  | 2.5 | % |  | 2.5 | %
Measurement date |  | 12/31/2020 |  | 12/31/2019 |  | 12/31/2018
Schedule of Fair Value Measurements of Plan Assets | The fair value of the Company’s pension plan assets at December 31, 2020 and 2019 is presented in the table below by asset category. Approximately 75% of the total plan assets are categorized as Level 1, and therefore, the values assigned to these pension assets are based on quoted prices available in active markets. For the other category levels, a description of the valuation is provided in Note 1, Significant Accounting Policies, under the “Fair Value Measurement” heading.
|  | December 31, 2020
(in millions) |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Assets Category |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 16 |  |  | $ | 16 |  |  | $ | — |  |  | $ | — |
Equity securities: |  |  |  |  |  |  |  |
International |  | 58 |  |  | 58 |  |  | — |  |  | — |
Fixed income securities: |  |  |  |  |  |  |  |
Fixed rate bonds (a) |  | 65 |  |  | 65 |  |  | — |  |  | — |
Other types of investments: |  |  |  |  |  |  |  |
Mutual funds (b) |  | 20 |  |  | 20 |  |  | — |  |  | — |
Common trusts (c) |  | 5 |  |  | — |  |  | 5 |  |  | — |
Insurance contracts |  | 37 |  |  | — |  |  | — |  |  | 37 |
Hedge funds |  | 12 |  |  | — |  |  | — |  |  | 12 |
Total |  | $ | 213 |  |  | $ | 159 |  |  | $ | 5 |  |  | $ | 49 |
|  | December 31, 2019
(in millions) |  | Total |  | Level 1 |  | Level 2 |  | Level 3
Assets Category |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 13 |  |  | $ | 13 |  |  | $ | — |  |  | $ | — |
Equity securities: |  |  |  |  |  |  |  |
International |  | 56 |  |  | 56 |  |  | — |  |  | — |
Fixed income securities: |  |  |  |  |  |  |  |
Fixed rate bonds (a) |  | 55 |  |  | 55 |  |  | — |  |  | — |
Other types of investments: |  |  |  |  |  |  |  |
Mutual funds (b) |  | 18 |  |  | 18 |  |  | — |  |  | — |
Common trusts (c) |  | 4 |  |  | — |  |  | 4 |  |  | — |
Insurance contracts |  | 30 |  |  | — |  |  | — |  |  | 30 |
Hedge funds |  | 9 |  |  | — |  |  | — |  |  | 9 |
Total |  | $ | 185 |  |  | $ | 142 |  |  | $ | 4 |  |  | $ | 39 |
(a) This category includes fixed income securities invested primarily in Swiss bonds, foreign bonds denominated in Swiss francs, foreign currency bonds, mortgage notes and pledged letters. (b) This category includes mutual funds balanced between moderate-income generation and moderate capital appreciation with investment allocations of approximately 50% equities and 50% fixed income investments. (c) This category includes common/collective funds with investments in approximately 65% equities and 35% in fixed income investments.
Schedule of Reconciliation for the Plans Assets Categorized as Level 3 | A reconciliation from December 31, 2019 to December 31, 2020 for the plan assets categorized as Level 3 were as follows:
|  | December 31, 2020
(in millions) |  | Insurance Contracts |  | Hedge Funds |  |  |  | Total
Balance at December 31, 2019 |  | $ | 30 |  |  | $ | 9 |  |  |  |  | $ | 39 |
Actual return on plan assets: |  |  |  |  |  |  |  |
Relating to assets still held at the reporting date |  | 3 |  |  | — |  |  |  |  | 3 |
Purchases, sales and settlements, net |  | — |  |  | 2 |  |  |  |  | 2 |
Effect of exchange rate changes |  | 4 |  |  | 1 |  |  |  |  | 5 |
Balance at December 31, 2020 |  | $ | 37 |  |  | $ | 12 |  |  |  |  | $ | 49 |
|  | December 31, 2019
(in millions) |  | Insurance Contracts |  | Hedge Funds |  |  |  | Total
Balance at December 31, 2018 |  | $ | 28 |  |  | $ | 7 |  |  |  |  | $ | 35 |
Actual return on plan assets: |  |  |  |  |  |  |  |
Relating to assets still held at the reporting date |  | 4 |  |  | (1) |  |  |  |  | 3 |
Purchases, sales and settlements, net |  | (1) |  |  | 3 |  |  |  |  | 2 |
Effect of exchange rate changes |  | (1) |  |  | — |  |  |  |  | (1) |
Balance at December 31, 2019 |  | $ | 30 |  |  | $ | 9 |  |  |  |  | $ | 39 |
Schedule of Estimated Future Benefit Payments | Estimated Future Benefit Payments Total benefits expected to be paid from the plans in the future were as follows:
(in millions) |  | Pension Benefits
2021 |  | $ | 22 |
2022 |  | 21 |
2023 |  | 21 |
2024 |  | 21 |
2025 |  | 23 |
2026-2030 |  | 121 |

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefit obligation and plan assets of defined benefit plan with accumulated benefit obligation in excess of plan assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2417-114920 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2417-114920 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921 + Details
Name: | us-gaap_ScheduleOfAccumulatedBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAmountsRecognizedInBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2439-114920 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2410-114920 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2417-114920 + Details
Name: | us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effect of fair value measurements using significant unobservable inputs (Level 3) on changes in plan assets of pension plans and/or other employee benefit plans for the period. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(02) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfEffectOfSignificantUnobservableInputsChangesInPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair Value Measurement Transfers Between Level 1 and Level 2 + References No definition available. + Details
Name: | xray_FairValueMeasurementTransfersBetweenLevel1AndLevel2TableTextBlock
Namespace Prefix: | xray_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Net Periodic Benefit Cost And Assumptions For Defined Benefit Postretirement Plans + References No definition available. + Details
Name: | xray_NetPeriodicBenefitCostAndAssumptionsForDefinedBenefitPostretirementPlansTableTextBlock
Namespace Prefix: | xray_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Pension and Other Postretirement Benefits, Changes in Benefit Obligation, Fair Value of Plan Assets and Funded Status Disclosure + References No definition available. + Details
Name: | xray_PensionAndOtherPostretirementBenefitsChangesInBenefitObligationFairValueOfPlanAssetsAndFundedStatusDisclosureTableTextBlock
Namespace Prefix: | xray_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Pension and Other Postretirement Benefits, Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Loss (Income) Disclosure + References No definition available. + Details
Name: | xray_PensionAndOtherPostretirementBenefitsChangesInPlanAssetsAndBenefitObligationsRecognizedInOtherComprehensiveLossIncomeDisclosureTableTextBlock
Namespace Prefix: | xray_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Pension and Other Postretirement Benefits, Net Periodic Benefit Costs Weighted Average Assumptions Disclosure + References No definition available. + Details
Name: | xray_PensionAndOtherPostretirementBenefitsNetPeriodicBenefitCostsWeightedAverageAssumptionsDisclosureTableTextBlock
Namespace Prefix: | xray_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration