XML 46 R31.htm IDEA: XBRL DOCUMENT v3.22.2.2
Segment Data (Tables)
 12 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Revenue from External Customers by Geographic Areas
Financial information for the Company’s segments is detailed below. The Company has no material intersegment revenues.
(Millions of dollars)202220212020
United StatesInternationalTotalUnited StatesInternationalTotalUnited StatesInternationalTotal
Medical
Medication Delivery Solutions (a)$2,483 $1,825 $4,308 $2,253 $1,848 $4,101 $1,979 $1,617 $3,596 
Medication Management Solutions1,935 598 2,533 1,863 570 2,432 1,865 589 2,454 
Pharmaceutical Systems (a)533 1,468 2,001 428 1,400 1,828 404 1,183 1,587 
Total segment revenues$4,950 $3,891 $8,841 $4,544 $3,817 $8,361 $4,247 $3,389 $7,637 
Life Sciences
Integrated Diagnostic Solutions$2,190 $1,995 $4,185 $2,477 $2,748 $5,225 $1,872 $1,659 $3,532 
Biosciences542 838 1,379 503 802 1,305 465 678 1,143 
Total segment revenues$2,732 $2,833 $5,564 $2,980 $3,550 $6,530 $2,337 $2,337 $4,675 
Interventional
Surgery $1,094 $306 $1,400 $1,023 $274 $1,296 $891 $230 $1,121 
Peripheral Intervention960 799 1,759 931 780 1,711 871 640 1,511 
Urology and Critical Care986 319 1,305 894 338 1,232 815 315 1,130 
Total segment revenues$3,040 $1,424 $4,464 $2,847 $1,392 $4,239 $2,577 $1,186 $3,762 
Total Company revenues from continuing operations$10,722 $8,148 $18,870 $10,371 $8,760 $19,131 $9,161 $6,912 $16,074 
(a)Certain prior-period amounts were recast to reflect former intercompany transactions with Embecta.
Financial Information for Company's Segments The following tables provide a reconciliation of segment operating income to Income from Continuing Operations before Income Taxes and segment information for both capital expenditures and depreciation and amortization. Certain prior-period amounts have been recast to reflect the spin-off of the Diabetes Care business in fiscal year 2022, as noted above.
(Millions of dollars)202220212020
Income from Continuing Operations Before Income Taxes
Medical (a) (b) $2,215 $1,985 $1,675 
Life Sciences (c)1,710 2,391 1,405 
Interventional 1,081 933 724 
Total Segment Operating Income
5,006 5,311 3,806 
Acquisition-related integration and restructuring expense(173)(179)(299)
Net interest expense(382)(460)(521)
Other unallocated items (d)(2,668)(2,981)(2,573)
Total Income from Continuing Operations Before Income Taxes$1,783 $1,692 $414 
Capital Expenditures
Medical$602 $740 $435 
Life Sciences213 297 192 
Interventional130 125 119 
Corporate and All Other28 32 22 
Total Capital Expenditures$973 $1,194 $769 
Depreciation and Amortization
Medical$1,144 $1,097 $1,064 
Life Sciences283 352 286 
Interventional789 769 750 
Corporate and All Other13 12 14 
Total Depreciation and Amortization$2,229 $2,230 $2,115 
(a)The amounts in 2022, 2021 and 2020 include charges of $72 million $56 million and $244 million, respectively, recorded to Cost of products sold, related to the estimate of costs associated with remediation efforts for BD AlarisTM infusion pumps in the Medication Management Solutions unit.
(b)The amount in 2022 includes a charge of $54 million to write down the carrying value of certain fixed assets in the Pharmaceutical Systems unit. The amount in 2020 included $41 million of charges to write down the value of fixed assets primarily in the Medication Delivery Solutions and Pharmaceutical Systems units. These charges were recorded to Cost of products sold.
(c)The amount in 2020 included charges of $57 million recorded to Cost of products sold to write down the carrying value of certain intangible and other assets in the Biosciences and Integrated Diagnostic Solutions units.
(d)Primarily comprised of foreign exchange, certain general and administrative expenses and share-based compensation expense. The amounts in 2022, 2021 and 2020 also include pre-tax charges of $21 million, $361 million and $378 million, recorded to Other operating expense (income), net respectively, related to certain product liability matters, which is further discussed in Note 6.
Revenues to Unaffiliated Customers and Long-lived Assets Including Property, Plant and Equipment
Revenues to unaffiliated customers are generally based upon the source of the product shipment. Long-lived assets, which include net property, plant and equipment, are based upon physical location.
The table below shows revenues from continuing operations and long-lived assets of continuing operations by geographic area:
(Millions of dollars)202220212020
Revenues
United States$10,722 $10,371 $9,161 
EMEA4,043 4,548 3,734 
Greater Asia3,047 3,069 2,384 
Other1,058 1,142 794 
$18,870 $19,131 $16,074 
Long-Lived Assets
United States$36,617 $35,896 $36,317 
EMEA5,126 5,778 5,660 
Greater Asia1,528 1,607 1,466 
Other1,079 860 753 
Corporate442 465 411 
$44,792 $44,606 $44,606