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Segment Information (Tables)
9 Months Ended
Sep. 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

 

 

 

September 30,

 

 

September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Americas

 

$

921.2

 

 

$

946.6

 

 

$

502.3

 

 

$

515.6

 

EMEA

 

 

335.4

 

 

 

322.1

 

 

 

97.5

 

 

 

92.3

 

Asia Pacific

 

 

281.7

 

 

 

274.5

 

 

 

101.5

 

 

 

106.3

 

Product Category Operating Segments

 

 

279.8

 

 

 

289.6

 

 

 

51.1

 

 

 

47.5

 

Global Operations and Corporate Functions

 

 

-

 

 

 

-

 

 

 

(210.5

)

 

 

(208.7

)

Total

 

$

1,818.1

 

 

$

1,832.8

 

 

 

 

 

 

 

 

 

Inventory step-up and other inventory and manufacturing

   related charges

 

 

 

 

 

 

 

 

 

 

(10.4

)

 

 

(22.8

)

Intangible asset amortization

 

 

 

 

 

 

 

 

 

 

(152.7

)

 

 

(164.3

)

Special items

 

 

 

 

 

 

 

 

 

 

(165.4

)

 

 

(170.4

)

Operating profit

 

 

 

 

 

 

 

 

 

$

213.4

 

 

$

195.5

 

 

 

 

Net Sales

 

 

Operating Profit

 

 

 

Nine Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Americas

 

$

2,900.0

 

 

$

2,909.6

 

 

$

1,568.8

 

 

$

1,574.1

 

EMEA

 

 

1,108.5

 

 

 

1,122.7

 

 

 

348.2

 

 

 

368.0

 

Asia Pacific

 

 

850.5

 

 

 

806.9

 

 

 

318.5

 

 

 

331.4

 

Product Category Operating Segments

 

 

890.8

 

 

 

831.6

 

 

 

197.2

 

 

 

177.1

 

Global Operations and Corporate Functions

 

 

-

 

 

 

-

 

 

 

(641.6

)

 

 

(628.6

)

Total

 

$

5,749.8

 

 

$

5,670.8

 

 

 

 

 

 

 

 

 

Inventory step-up and other inventory and manufacturing

   related charges

 

 

 

 

 

 

 

 

 

 

(58.5

)

 

 

(357.7

)

Intangible asset amortization

 

 

 

 

 

 

 

 

 

 

(452.4

)

 

 

(424.7

)

Special items

 

 

 

 

 

 

 

 

 

 

(434.1

)

 

 

(397.0

)

Operating profit

 

 

 

 

 

 

 

 

 

$

846.1

 

 

$

642.6

 

 

Summary of Net Sales by Product Category

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

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Knees

 

$

623.7

 

 

$

631.5

 

 

$

2,005.9

 

 

$

2,031.7

 

Hips

 

 

434.5

 

 

 

440.6

 

 

 

1,380.0

 

 

 

1,385.7

 

S.E.T.

 

 

406.6

 

 

 

401.8

 

 

 

1,254.5

 

 

 

1,215.0

 

Dental

 

 

92.9

 

 

 

95.9

 

 

 

311.1

 

 

 

322.5

 

Spine & CMF

 

 

184.9

 

 

 

183.7

 

 

 

565.2

 

 

 

470.7

 

Other

 

 

75.5

 

 

 

79.3

 

 

 

233.1

 

 

 

245.2

 

Total

 

$

1,818.1

 

 

$

1,832.8

 

 

$

5,749.8

 

 

$

5,670.8