XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 330.2 $ 375.7
Accounts receivable, less allowance for credit losses 1,380.9 1,381.5
Inventories 2,241.3 2,147.2
Prepaid expenses and other current assets 459.5 522.9
Total Current Assets 4,411.9 4,427.3
Property, plant and equipment, net 1,906.4 1,872.5
Goodwill 8,734.9 8,580.2
Intangible assets, net 5,071.7 5,063.8
Other assets 1,118.6 1,122.2
Total Assets 21,243.5 21,066.0
Current Liabilities:    
Accounts payable 397.1 354.1
Income taxes payable 46.6 38.5
Salaries, wages and benefits 234.2 336.2
Other current liabilities 1,072.9 1,085.1
Current portion of long-term debt 585.0 544.3
Total Current Liabilities 2,335.9 2,358.2
Deferred income taxes, net 484.6 474.8
Long-term income tax payable 423.3 421.2
Other long-term liabilities 637.4 632.6
Long-term debt 5,204.8 5,152.2
Total Liabilities 9,085.9 9,039.0
Commitments and Contingencies (Note 16)
Stockholders' Equity:    
Common stock, $0.01 par value, one billion shares authorized, 315.4 million shares in 2023 (313.8 million in 2022) issued 3.2 3.1
Paid-in capital 9,692.4 9,504.4
Retained earnings 9,741.7 9,559.3
Accumulated other comprehensive loss (178.0) (179.3)
Treasury stock, 106.9 million shares as of March 31, 2023 (104.8 million as of December 31, 2022) (7,108.6) (6,867.2)
Total Zimmer Biomet Holdings, Inc. stockholders' equity 12,150.7 12,020.3
Noncontrolling interest 6.9 6.7
Total Stockholders' Equity 12,157.6 12,027.0
Total Liabilities and Stockholders' Equity $ 21,243.5 $ 21,066.0