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SEGMENT INFORMATION
9 Months Ended
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 EndedNine Months Ended
(in millions)2024202320242023
Connected Technology Solutions$269 $276 $769 $850 
Essential Dental Solutions369 347 1,108 1,110 
Orthodontic and Implant Solutions241 252 788 781 
Wellspect Healthcare72 72 223 212 
Total net sales$951 $947 $2,888 $2,953 

Segment Adjusted Operating Income
Three Months EndedNine Months Ended
(in millions)2024202320242023
Connected Technology Solutions$16 $22 $21 $54 
Essential Dental Solutions132 115 372 365 
Orthodontic and Implant Solutions24 31 108 129 
Wellspect Healthcare26 26 73 65 
Segment adjusted operating income198 194 574 613 
Reconciling items expense (income):
All other (a)
79 64 227 235 
Goodwill and intangible asset impairments504 307 510 307 
Restructuring and other costs23 45 70 
Interest expense, net18 19 53 61 
Other (income) expense, net(2)(5)(10)13 
Amortization of intangible assets54 53 162 159 
Loss before income taxes$(478)$(250)$(413)$(232)
(a) Includes unallocated corporate headquarters costs.