XML 20 R11.htm IDEA: XBRL DOCUMENT v3.4.0.3
Segment Data
 6 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Segment Data
Segment Data
The Company's organizational structure is based upon two principal business segments: BD Medical (“Medical”) and BD Life Sciences (“Life Sciences”). These segments are strategic businesses that are managed separately because each one develops, manufactures and markets distinct products and services. The Company evaluates performance of its business segments and allocates resources to them primarily based upon operating income. Segment operating income represents revenues reduced by product costs and operating expenses.
Financial information for the Company’s segments was as follows:
 
Three Months Ended
March 31,
 
Six Months Ended
March 31,
(Millions of dollars)
2016
 
2015
 
2016
 
2015
Revenues (A)
 
 
 
 
 
 
 
Medical
$
2,131

 
$
1,106

  
$
4,185

 
$
2,177

Life Sciences
936

 
945

  
1,869

 
1,925

Total Revenues
$
3,067

 
$
2,051

 
$
6,054

 
$
4,102

Income Before Income Taxes
 
 
 
 
 
 
 
Medical (B)
$
513

 
$
328

 
$
978

 
$
632

Life Sciences
202

 
200

  
404

 
413

Total Segment Operating Income
715

 
528

  
1,381

 
1,045

Acquisitions and other restructurings
(104
)
 
(113
)
 
(225
)
 
(136
)
Net interest expense
(96
)
 
(83
)
 
(187
)
 
(149
)
Other unallocated items (C)
(139
)
 
(107
)
 
(328
)
 
(250
)
Income Before Income Taxes
$
376

 
$
225

 
$
642

 
$
510


(A)
Intersegment revenues are not material.
(B)
The amounts for the three and six months ended March 31, 2016 include increases of $116 million and $246 million in the three and six-month periods, respectively, of non-cash amortization expense associated with acquisition-related identifiable intangible assets related to CareFusion.
(C)
Primarily comprised of foreign exchange, corporate expenses, and share-based compensation expense.

Revenues by geographic areas were as follows:
 
Three Months Ended
March 31,
 
Six Months Ended
March 31,
(Millions of dollars)
2016
 
2015
 
2016
 
2015
Revenues
 
 
 
 
 
 
 
United States
$
1,719

 
$
863

 
$
3,410

 
$
1,744

International
1,349

 
1,188

 
2,644

 
2,358

Total Revenues
$
3,067

 
$
2,051

 
$
6,054

 
$
4,102