XML 31 R19.htm IDEA: XBRL DOCUMENT v3.10.0.1
Business Segment Information
 6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Business Segment Information
Business Segment Information
Information concerning unaudited consolidated operations by business segment is presented in the following table (in millions):
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2018
 
2017
 
2018
 
2017
Net Sales
 
 
 
 
 
 
 
Medical Devices
$
160.9

 
$
149.1

 
$
317.3

 
$
294.8

Corporate and Other
—

 
—

 
—

 
—

Total Net Sales
160.9

 
149.1

 
317.3

 
294.8

Operating Profit
 
 
 
 
 
 
 
Medical Devices
31.1

 
40.7

 
71.2

 
78.7

Corporate and Other(a)
(27.0
)
 
(46.5
)
 
(72.3
)
 
(95.1
)
Other income (expense), net(b)
4.7

 
(6.3
)
 
2.9

 
(13.3
)
Total Operating Profit
8.8

 
(12.1
)
 
1.8

 
(29.7
)
Interest income
2.2

 
0.5

 
3.2

 
0.9

Interest expense
(9.9
)
 
(7.8
)
 
(18.7
)
 
(15.4
)
Income before Income Taxes
$
1.1

 
$
(19.4
)
 
$
(13.7
)
 
$
(44.2
)
______________________________
(a)
Corporate and Other for the three and six months ended June 30, 2018 includes $9.1 million and $37.0 million, respectively, of costs formerly included in the S&IP business, $14.0 million and $28.5 million, respectively, of general expenses and $3.9 million and $6.8 million, respectively, of restructuring costs (see Note 3, “Restructuring Activities”). Corporate and Other for the three and six months ended June 30, 2017 includes $28.4 million and $57.3 million, respectively, of costs formerly included in the S&IP business, $16.4 million and $34.0 million, respectively, of general expenses, $1.7 million and $3.3 million, respectively, of acquisition-related expenses and zero and $0.5 million for post spin-related items.
(b)
Other expense includes amounts incurred related to litigation matters. See Note 11, “Commitments and Contingencies.”
Disaggregated Revenue
Our management evaluates the product category sales within our reportable business segment. Net sales by product category is presented in the following table (in millions):
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2018
 
2017
 
2018
 
2017
Net Sales
 
 
 
 
 
 
 
Chronic care
$
97.1

 
$
88.7

 
$
194.2

 
$
177.3

Pain management
63.8

 
60.4

 
123.1

 
117.5

Total net sales
$
160.9

 
$
149.1

 
$
317.3

 
$
294.8


Due to the nature of our business, we receive purchase orders for products under supply agreements which are normally fulfilled within three to four weeks. Our performance obligations under purchase orders are satisfied and revenue is recognized at a point in time, which is upon shipment or upon delivery of our products to unaffiliated customers, depending on shipping terms. Accordingly, we normally do not have transactions that give rise to material unfulfilled performance obligations.