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SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATIONThe Company’s two operating segments are organized primarily by product and generally have overlapping geographical presence, customer bases, distribution channels, and regulatory oversight. These operating segments also comprise the Company’s reportable segments in accordance with how the Company’s chief operating decision-maker regularly reviews financial results and uses this information to evaluate the Company’s performance and allocate resources.
The Company evaluates performance of the segments based on net sales and adjusted operating income. Segment adjusted operating income is defined as operating income before income taxes and before certain corporate headquarters unallocated costs, restructuring and other costs, interest expense, interest income, other expense (income), net, amortization of intangible assets and depreciation resulting from the fair value step-up of property, plant, and equipment from acquisitions.

A description of the products and services provided within each of the Company’s two reportable segments is provided below.

Technologies & Equipment

This segment is responsible for the design, manufacture, and sales of the Company’s Dental Technology and Equipment Products and Healthcare Consumable Products. These products include dental implants, CAD/CAM systems, orthodontic clear aligner products, imaging systems, treatment centers, instruments, as well as consumable medical device products.

Consumables

This segment is responsible for the design, manufacture, and sales of the Company’s Dental Consumable Products which include preventive, restorative, endodontic, and dental laboratory products.

The Company’s segment information for the three months ended March 31, 2021 and 2020 was as follows:

Net Sales
Three Months Ended
(in millions)20212020
Technologies & Equipment$597 $520 
Consumables430 354 
Total net sales$1,027 $874 

Segment Adjusted Operating Income
Three Months Ended
(in millions)20212020
Technologies & Equipment $126 $111 
Consumables150 62 
Segment adjusted operating income276 173 
Reconciling items expense (income):
All other (a)
62 49 
Goodwill impairment— 157 
Restructuring and other costs3 43 
Interest expense14 7 
Other expense (income), net(9)(2)
Amortization of intangible assets55 47 
Depreciation resulting from the fair value step-up of property, plant, and equipment from business combinations2 2 
Income (loss) before income taxes$149 $(130)
(a) Includes the results of unassigned Corporate headquarters costs and inter-segment eliminations.