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SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The 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, net, 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 and nine months ended September 30, 2021 and 2020 was as follows:

Net Sales
Three Months EndedNine Months Ended
(in millions)2021202020212020
Technologies & Equipment$629 $504 $1,848 $1,328 
Consumables440 391 1,315 932 
Total net sales$1,069 $895 $3,163 $2,260 
Segment Adjusted Operating Income
Three Months EndedNine Months Ended
(in millions)2021202020212020
Technologies & Equipment (a)
$148 $127 $409 $234 
Consumables (a)
135 115 439 160 
Segment adjusted operating income (loss)283 242 848 394 
Reconciling items expense (income):
All other (b)
66 91 198 175 
Goodwill impairment— — — 157 
Restructuring and other costs3 18 11 62 
Interest expense, net13 14 43 32 
Other expense (income), net8 1 4 4 
Amortization of intangible assets56 49 167 143 
Depreciation and other adjustments resulting from the fair value step-up of property, plant, and equipment from business combinations(1)2 4 4 
Income (loss) before income taxes$138 $67 $421 $(183)
(a) Certain charges related to discontinuance of product lines which were previously reported in adjusted operating income for the reportable segments, $33 million and $34 million for the three and nine months ended September 30, 2020, respectively, have been reclassified to the "All other" category to conform to current year presentation and the Company's internal reporting in the Chief Operating Decision Maker package. These amounts are not material to the measure of segment results for the years presented.
(b) Includes the results of unassigned Corporate headquarters costs and inter-segment eliminations.