XML 10 R2.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Net Sales $ 6,827.3 $ 6,127.5 $ 6,960.6
Type of Revenue [Extensible List] us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Cost of products sold, excluding intangible asset amortization $ 1,960.4 $ 1,824.3 $ 1,943.7
Type of Cost, Good or Service [Extensible List] us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Intangible asset amortization $ 529.5 $ 512.1 $ 500.9
Research and development 435.8 322.8 394.1
Selling, general and administrative 2,843.4 2,712.7 2,810.1
Goodwill and intangible asset impairment 16.3 503.0 70.1
Restructuring and other cost reduction initiatives 125.7 107.2 48.2
Quality remediation 52.8 50.9 82.0
Acquisition, integration, divestiture and related 3.1 11.4 (0.5)
Operating expenses 5,967.0 6,044.4 5,848.6
Operating Profit 860.3 83.1 1,112.0
Other income (expense), net 12.2 23.8 (4.9)
Interest expense, net (208.4) (212.1) (227.0)
Loss on early extinguishment of debt (165.1) 0.0 0.0
Earnings (loss) from continuing operations before income taxes 499.0 (105.2) 880.1
Provision (benefit) for income taxes from continuing operations 53.5 (96.0) (238.0)
Net Earnings (Loss) from Continuing Operations 445.5 (9.2) 1,118.1
Less: Net earnings (loss) attributable to noncontrolling interest 0.5 1.5 (0.1)
Net Earnings (Loss) from Continuing Operations of Zimmer Biomet Holdings, Inc. 445.0 (10.7) 1,118.2
(Loss) Earnings from Discontinued Operations, Net of Tax (43.4) (128.2) 13.4
Net Earnings (Loss) of Zimmer Biomet Holdings, Inc. $ 401.6 $ (138.9) $ 1,131.6
Basic Earnings Per Common Share      
Earnings (Loss) from Continuing Operations $ 2.14 $ (0.05) $ 5.45
(Loss) Earnings from Discontinued Operations (0.21) (0.62) 0.07
Basic Earnings (Loss) Per Common Share 1.93 (0.67) 5.52
Diluted Earnings Per Common Share      
Earnings (Loss) from Continuing Operations 2.12 (0.05) 5.41
(Loss) Earnings from Discontinued Operations (0.21) (0.62) 0.06
Diluted Earnings (Loss) Per Common Share $ 1.91 $ (0.67) $ 5.47
Weighted Average Common Shares Outstanding      
Basic 208.6 207.0 205.1
Diluted 210.4 207.0 206.7