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SEGMENT INFORMATION | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION The Company’s reportable segment information was as follows:
|  | Three Months Ended March 31, |
(in millions) |  | 2025 |  |  |
|  | Connected Technology Solutions |  | Essential Dental Solutions |  | Orthodontic and Implant Solutions |  | Wellspect Healthcare |  | Total |  |  |
Net sales |  | 235 |  |  | 353 |  |  | 217 |  | 74 |  | 879 |  |  |
Adjusted cost of products sold (a) |  | $ | 135 |  |  | $ | 124 |  |  | 93 |  | 27 |  |  |  |  |
Adjusted selling expenses (b) |  | $ | 57 |  |  | $ | 71 |  |  | 54 |  | 13 |  |  |  |  |
Adjusted G&A expenses (b) |  | $ | 19 |  |  | $ | 18 |  |  | 22 |  | 6 |  |  |  |  |
Adjusted R&D expenses (c) |  | $ | 17 |  |  | $ | 5 |  |  | 11 |  | 2 |  |  |  |  |
Segment adjusted operating income |  | $ | 7 |  |  | $ | 135 |  |  | 37 |  | 26 |  | 205 |  |  |
Reconciling items (income) expense: |  |  |  |  |  |  |  |  |  |  |  |  |
Unallocated corporate costs (d) |  |  |  |  |  |  |  |  |  | 87 |  |  |
Interest expense, net |  |  |  |  |  |  |  |  |  | 19 |  |  |
Restructuring and other costs |  |  |  |  |  |  |  |  |  | 9 |  |  |
Amortization of intangibles |  |  |  |  |  |  |  |  |  | 45 |  |  |
Depreciation resulting from the fair value step-up of property, plant, and equipment from business combinations |  |  |  |  |  |  |  |  |  | 1 |  |  |
Income before income taxes |  |  |  |  |  |  |  |  |  | 44 |  |  |
(a) Adjusted cost of products sold represents expenses adjusted to exclude intangible amortization expense, step-up depreciation expense, and other restructuring costs.
(b) Adjusted selling and adjusted G&A expenses represent expenses adjusted to exclude intangible amortization expense, other acquisition costs, step-up depreciation expense, and other restructuring costs.
(c) Adjusted R&D expenses represent expenses adjusted to exclude other restructuring costs.
(d) Unallocated corporate costs consist of general corporate expenses including corporate headcount costs, depreciation and amortization, unallocated professional service fees, and other operating costs which are not assigned to a specific segment.
|  | Three Months Ended March 31,
(in millions) |  | 2024
|  | Connected Technology Solutions |  | Essential Dental Solutions |  | Orthodontic and Implant Solutions |  | Wellspect Healthcare |  | Total
Net sales |  | 247 |  |  | 364 |  |  | 271 |  |  | 71 |  |  | 953 |
Adjusted cost of products sold (a) |  | 146 |  |  | 139 |  |  | 100 |  |  | 26 |  |  |
Adjusted selling expenses (b) |  | 62 |  |  | 83 |  |  | 83 |  |  | 13 |  |  |
Adjusted G&A expenses (b) |  | 18 |  |  | 21 |  |  | 33 |  |  | 6 |  |  |
Adjusted R&D expenses (c) |  | 19 |  |  | 6 |  |  | 13 |  |  | 3 |  |  |
Segment adjusted operating income |  | 2 |  |  | 115 |  |  | 42 |  |  | 23 |  |  | 182 |
Reconciling items (income) expense: |  |  |  |  |  |  |  |  |  |
Unallocated corporate costs (d) |  |  |  |  |  |  |  |  |  | 79 |
Interest expense, net |  |  |  |  |  |  |  |  |  | 18 |
Other (income) expense, net |  |  |  |  |  |  |  |  |  | (7) |
Goodwill and intangible asset impairments |  |  |  |  |  |  |  |  |  | 6 |
Restructuring and other costs |  |  |  |  |  |  |  |  |  | 1 |
Amortization of intangibles |  |  |  |  |  |  |  |  |  | 54 |
Income before income taxes |  |  |  |  |  |  |  |  |  | 31 |
(a) Adjusted cost of products sold represents expenses adjusted to exclude intangible amortization expense, step-up depreciation expense, and other restructuring costs.
(b) Adjusted selling and adjusted G&A expenses represent expenses adjusted to exclude intangible amortization expense, other acquisition costs, step-up depreciation expense, and other restructuring costs.
(c) Adjusted R&D expenses represent expenses adjusted to exclude other restructuring costs.
(d) Unallocated corporate costs consist of general corporate expenses including corporate headcount costs, depreciation and amortization, unallocated professional service fees, and other operating costs which are not assigned to a specific segment.
Depreciation and Amortization
|  | Three Months Ended March 31, |  |
(in millions) |  | 2025 |  | 2024 |  |  |  |
Connected Technology Solutions |  | 43 |  | 43 |  |  |  |  |
Essential Dental Solutions |  | 9 |  | 8 |  |  |  |  |
Orthodontic and Implant Solutions |  | 19 |  | 25 |  |  |  |  |
Wellspect Healthcare |  | 2 |  | 5 |  |  |  |  |
All other (a) |  | 6 |  | 5 |  |  |  |  |
Total |  | 79 |  | 86 |  |  |  |  |
(a) Includes unallocated corporate costs for depreciation and amortization.

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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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