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Segment Information (Tables)
6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Summary of Net sales and Operating Profit by Segment

Net sales and operating profit by segment are as follows (in millions):

 

 

 

Net Sales

 

 

Operating Profit

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Americas

 

$

973.5

 

 

$

980.2

 

 

$

524.5

 

 

$

523.4

 

EMEA

 

 

380.4

 

 

 

400.1

 

 

 

120.0

 

 

 

135.1

 

Asia Pacific

 

 

292.2

 

 

 

275.8

 

 

 

114.5

 

 

 

114.9

 

Product Category Operating Segments

 

 

308.3

 

 

 

277.9

 

 

 

72.5

 

 

 

75.0

 

Global Operations and Corporate Functions

 

 

-

 

 

 

-

 

 

 

(218.0

)

 

 

(218.5

)

Total

 

$

1,954.4

 

 

$

1,934.0

 

 

 

 

 

 

 

 

 

Inventory step-up and other inventory and manufacturing

   related charges

 

 

 

 

 

 

 

 

 

 

(24.9

)

 

 

(156.6

)

Intangible asset amortization

 

 

 

 

 

 

 

 

 

 

(147.7

)

 

 

(133.8

)

Special items

 

 

 

 

 

 

 

 

 

 

(158.6

)

 

 

(137.9

)

Operating profit

 

 

 

 

 

 

 

 

 

$

282.3

 

 

$

201.6

 

 

 

 

Net Sales

 

 

Operating Profit

 

 

 

Six Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Americas

 

$

1,978.8

 

 

$

1,963.0

 

 

$

1,066.5

 

 

$

1,058.5

 

EMEA

 

 

773.1

 

 

 

800.6

 

 

 

250.9

 

 

 

275.7

 

Asia Pacific

 

 

568.8

 

 

 

532.4

 

 

 

217.0

 

 

 

225.1

 

Product Category Operating Segments

 

 

611.0

 

 

 

542.0

 

 

 

146.1

 

 

 

129.6

 

Global Operations and Corporate Functions

 

 

-

 

 

 

-

 

 

 

(431.3

)

 

 

(419.9

)

Total

 

$

3,931.7

 

 

$

3,838.0

 

 

 

 

 

 

 

 

 

Inventory step-up and other inventory and manufacturing

   related charges

 

 

 

 

 

 

 

 

 

 

(48.1

)

 

 

(334.9

)

Intangible asset amortization

 

 

 

 

 

 

 

 

 

 

(299.7

)

 

 

(260.4

)

Special items

 

 

 

 

 

 

 

 

 

 

(268.7

)

 

 

(226.6

)

Operating profit

 

 

 

 

 

 

 

 

 

$

632.7

 

 

$

447.1

 

 

Summary of Net Sales by Product Category

Net sales by product category are as follows (in millions):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Knees

 

$

680.4

 

 

$

697.0

 

 

$

1,382.2

 

 

$

1,400.2

 

Hips

 

 

469.8

 

 

 

477.2

 

 

 

945.5

 

 

 

945.1

 

S.E.T

 

 

422.8

 

 

 

412.2

 

 

 

847.9

 

 

 

813.2

 

Dental

 

 

110.4

 

 

 

118.0

 

 

 

218.2

 

 

 

226.6

 

Spine & CMF

 

 

194.0

 

 

 

145.8

 

 

 

380.3

 

 

 

287.0

 

Other

 

 

77.0

 

 

 

83.8

 

 

 

157.6

 

 

 

165.9

 

Total

 

$

1,954.4

 

 

$

1,934.0

 

 

$

3,931.7

 

 

$

3,838.0