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SEGMENT AND GEOGRAPHIC INFORMATION | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
SEGMENT AND GEOGRAPHIC INFORMATION | SEGMENT AND GEOGRAPHIC INFORMATION The Company has two operating segments that are organized primarily by product and generally have overlapping geographical presence, customer bases, distribution channels, and regulatory oversight. These operating segments are also 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 the 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 products. These products include dental implants, CAD/CAM systems, orthodontic clear aligners, imaging systems, treatment centers, instruments, as well as medical devices. Consumables This segment is responsible for the design, manufacture, and sales of the Company’s consumable products which include various preventive, restorative, endodontic, and dental laboratory products. The Company’s segment information for the years ended December 31 was as follows:
Net Sales |  | Year Ended December 31,
(in millions) |  | 2021 |  | 2020 |  | 2019
Technologies & Equipment |  | $ | 2,504 |  |  | $ | 1,954 |  |  | $ | 2,271 |
Consumables |  | 1,727 |  |  | 1,385 |  |  | 1,751 |
Total net sales |  | $ | 4,231 |  |  | $ | 3,339 |  |  | $ | 4,022 |
Depreciation and Amortization |  | Year Ended December 31,
(in millions) |  | 2021 |  | 2020 |  | 2019
Technologies & Equipment |  | $ | 280 |  |  | $ | 261 |  |  | $ | 258 |
Consumables |  | 52 |  |  | 61 |  |  | 54 |
All Other (a) |  | 15 |  |  | 12 |  |  | 11 |
Total |  | $ | 347 |  |  | $ | 334 |  |  | $ | 323 |
(a) Includes amounts recorded at Corporate headquarters.
Segment Adjusted Operating Income |  | Year Ended December 31,
(in millions) |  | 2021 |  | 2020 |  | 2019
Technologies & Equipment (a) |  | $ | 543 |  |  | $ | 382 |  |  | $ | 460 |
Consumables (a) |  | 539 |  |  | 316 |  |  | 447 |
Segment adjusted operating income |  | $ | 1,082 |  |  | $ | 698 |  |  | $ | 907 |
Reconciling items (income) expense: |  |  |  |  |  |
All other (a) (b) |  | 229 |  |  | 269 |  |  | 277 |
Goodwill impairment |  | — |  |  | 157 |  |  | — |
Restructuring and other costs |  | 17 |  |  | 77 |  |  | 81 |
Interest expense, net |  | 55 |  |  | 46 |  |  | 27 |
Other expense (income), net |  | 8 |  |  | 1 |  |  | (12) |
Amortization of intangible assets |  | 222 |  |  | 192 |  |  | 189 |
Depreciation resulting from the fair value step-up of property, plant, and equipment from business combinations |  | 6 |  |  | 6 |  |  | 7 |
Income (loss) before income taxes |  | $ | 545 |  |  | $ | (50) |  |  | $ | 338 |
(a) $38 million of charges related to discontinuance of product lines, incurred in 2019, which were previously reported in adjusted operating income for the reportable segments, have been reclassified to the “All other” category to conform to current year presentation and our internal reporting to our Chief Operating Decision Maker package (“CODM”). 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.
Capital Expenditures |  | Year Ended December 31,
(in millions) |  | 2021 |  | 2020 |  | 2019
Technologies & Equipment |  | $ | 100 |  |  | $ | 50 |  |  | $ | 73 |
Consumables |  | 37 |  |  | 26 |  |  | 34 |
All Other (a) |  | 22 |  |  | 11 |  |  | 16 |
Total |  | $ | 159 |  |  | $ | 87 |  |  | $ | 123 |
(a) Includes capital expenditures of Corporate headquarters.
Assets |  | Year Ended December 31,
(in millions) |  | 2021 |  | 2020
Technologies & Equipment |  | $ | 6,902 |  |  | $ | 7,014 |
Consumables |  | 2,123 |  |  | 2,170 |
All Other (a) |  | 214 |  |  | 166 |
Total |  | $ | 9,239 |  |  | $ | 9,350 |
(a) Includes the results of unassigned Corporate headquarters costs and inter-segment eliminations. Geographic Information The following tables set forth information about the Company’s significant operations by geographic areas, for the years ended December 31, 2021, 2020, and 2019. Net Sales reported below represent revenues from external customers in those respective countries based on the destination of shipments.
|  | Year Ended December 31,
(in millions) |  | 2021 |  | 2020 |  | 2019
Net sales |  |  |  |  |  |
United States |  | $ | 1,484 |  |  | $ | 1,116 |  |  | $ | 1,377 |
Germany |  | 482 |  |  | 432 |  |  | 472 |
Other Foreign |  | 2,265 |  |  | 1,791 |  |  | 2,173 |
Total net sales |  | $ | 4,231 |  |  | $ | 3,339 |  |  | $ | 4,022 |
Property, plant and equipment, net, represents those long-lived assets held by the operating businesses located in the respective geographic areas.
|  | Year Ended December 31,
(in millions) |  | 2021 |  | 2020 |  | 2019
Property, plant, and equipment, net |  |  |  |  |  |
United States |  | $ | 166 |  |  | $ | 145 |  |  | $ | 168 |
Germany |  | 309 |  |  | 337 |  |  | 327 |
Sweden |  | 107 |  |  | 110 |  |  | 99 |
Other Foreign |  | 191 |  |  | 199 |  |  | 208 |
Total property, plant, and equipment, net |  | $ | 773 |  |  | $ | 791 |  |  | $ | 802 |
Product and Customer Information For information on the Company’s net sales by product category, including a description of the revenue streams comprising each of the reportable segments, see Note 2, Revenue. Concentration Risk For the year ended December 31, 2021, no customer accounted for 10% or more of consolidated net sales or consolidated accounts receivable balance. Customers that accounted for 10% or more of net sales and accounts receivable for the years ended December 31, 2020 and 2019 were as follows:
|  | Year Ended December 31,
|  | 2020 |  | 2019 |
|  | % of net sales |  | % of accounts receivable |  | % of net sales |  | % of accounts receivable |
Henry Schein, Inc. |  | 14 | % |  | N/A |  | 13 | % |  | 12 | % |
Patterson Companies, Inc. |  | 10 | % |  | 18 | % |  | N/A |  | 17 | % |
For the years ended December 31, 2021, 2020, and 2019, third party export sales from the U.S. were less than ten percent of consolidated net sales.

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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