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SEGMENT INFORMATION | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION The Company has four operating segments that are organized primarily by product. They generally have overlapping geographical presence, customer bases, distribution channels, and regulatory oversight with the exception of Wellspect Healthcare, which has a more discrete market and regulatory environment specific to the medical device industry. These operating segments, which also form the Company’s reportable segments, are identified in accordance with how the Company’s CODM 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, goodwill and intangible asset impairments, restructuring and other costs, interest expense, net, other (income) expense, net, amortization of intangible assets, and depreciation resulting from the fair value step-up of property, plant, and equipment from business combinations. Asset and other balance sheet information is not reported to the CODM. The Company’s segment information for the three and nine months ended September 30, 2024 and 2023 was as follows: Net Sales
|  | Three Months Ended |  | Nine Months Ended
(in millions) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Connected Technology Solutions |  | $ | 269 |  |  | $ | 276 |  |  | $ | 769 |  |  | $ | 850 |
Essential Dental Solutions |  | 369 |  |  | 347 |  |  | 1,108 |  |  | 1,110 |
Orthodontic and Implant Solutions |  | 241 |  |  | 252 |  |  | 788 |  |  | 781 |
Wellspect Healthcare |  | 72 |  |  | 72 |  |  | 223 |  |  | 212 |
Total net sales |  | $ | 951 |  |  | $ | 947 |  |  | $ | 2,888 |  |  | $ | 2,953 |
Segment Adjusted Operating Income
|  | Three Months Ended |  | Nine Months Ended
(in millions) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Connected Technology Solutions |  | $ | 16 |  |  | $ | 22 |  |  | $ | 21 |  |  | $ | 54 |
Essential Dental Solutions |  | 132 |  |  | 115 |  |  | 372 |  |  | 365 |
Orthodontic and Implant Solutions |  | 24 |  |  | 31 |  |  | 108 |  |  | 129 |
Wellspect Healthcare |  | 26 |  |  | 26 |  |  | 73 |  |  | 65 |
Segment adjusted operating income |  | 198 |  |  | 194 |  |  | 574 |  |  | 613 |
Reconciling items expense (income): |  |  |  |  |  |  |  |
All other (a) |  | 79 |  |  | 64 |  |  | 227 |  |  | 235 |
Goodwill and intangible asset impairments |  | 504 |  |  | 307 |  |  | 510 |  |  | 307 |
Restructuring and other costs |  | 23 |  |  | 6 |  |  | 45 |  |  | 70 |
Interest expense, net |  | 18 |  |  | 19 |  |  | 53 |  |  | 61 |
Other (income) expense, net |  | (2) |  |  | (5) |  |  | (10) |  |  | 13 |
Amortization of intangible assets |  | 54 |  |  | 53 |  |  | 162 |  |  | 159 |
Loss before income taxes |  | $ | (478) |  |  | $ | (250) |  |  | $ | (413) |  |  | $ | (232) |
(a) Includes unallocated corporate headquarters costs.

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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/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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