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Segment Data (Tables)
12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Summary of Net Sales and Other Information by Segment

Net sales and other information by segment is as follows (in millions):

 

 

 

Americas

 

 

EMEA

 

 

Asia

Pacific

 

 

Immaterial

Product

Category

Operating

Segments

 

 

Global

Operations

and

Corporate

Functions

 

 

Total

 

For the Year Ended December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

3,951.1

 

 

$

1,522.1

 

 

$

1,158.3

 

 

$

1,192.6

 

 

$

-

 

 

$

7,824.1

 

Depreciation and amortization

 

 

127.5

 

 

 

68.5

 

 

 

58.2

 

 

 

45.6

 

 

 

762.9

 

 

 

1,062.7

 

Segment operating profit

 

 

2,126.8

 

 

 

481.7

 

 

 

420.8

 

 

 

272.9

 

 

 

(867.7

)

 

 

2,434.5

 

Inventory step-up and certain other

   inventory and manufacturing

   related charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(84.6

)

Intangible asset amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(603.9

)

Goodwill impairment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(304.7

)

Special items

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Biomet merger related

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(248.0

)

Other special items

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(385.1

)

Operating profit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

808.2

 

For the Year Ended December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

3,947.1

 

 

$

1,508.9

 

 

$

1,095.6

 

 

$

1,132.3

 

 

$

-

 

 

$

7,683.9

 

Depreciation and amortization

 

 

135.4

 

 

 

68.8

 

 

 

51.7

 

 

 

37.8

 

 

 

745.6

 

 

 

1,039.3

 

Segment operating profit

 

 

2,132.7

 

 

 

482.4

 

 

 

432.1

 

 

 

264.5

 

 

 

(839.0

)

 

 

2,472.7

 

Inventory step-up and certain other

   inventory and manufacturing

   related charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(469.1

)

Intangible asset amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(565.9

)

Special items

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Biomet merger related

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(487.3

)

Other special items

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(124.5

)

Operating profit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

825.9

 

For the Year Ended December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

3,107.8

 

 

$

1,250.7

 

 

$

881.6

 

 

$

757.7

 

 

$

-

 

 

$

5,997.8

 

Depreciation and amortization

 

 

109.9

 

 

 

41.1

 

 

 

37.9

 

 

 

24.6

 

 

 

498.9

 

 

 

712.4

 

Segment operating profit

 

 

1,633.6

 

 

 

423.6

 

 

 

422.2

 

 

 

179.2

 

 

 

(665.6

)

 

 

1,993.0

 

Inventory step-up and certain other

   inventory and manufacturing

   related charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(348.8

)

Intangible asset amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(337.4

)

Special items

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Biomet merger related

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(619.1

)

Other special items

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(220.4

)

Operating profit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

467.3

 

 

Disclosure on Geographic Areas, Long-Lived Assets

We conduct business in the following countries that hold 10 percent or more of our total consolidated Property, plant and equipment, net (in millions):

 

 

 

As of December 31,

 

 

 

2017

 

 

2016

 

United States

 

$

1,151.6

 

 

$

1,181.3

 

Other countries

 

 

887.0

 

 

 

856.6

 

Property, plant and equipment, net

 

$

2,038.6

 

 

$

2,037.9

 

 

Summary of Net Sales by Product Category

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

 

 

 

For the Years Ended December 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Knees

 

$

2,737.1

 

 

$

2,752.6

 

 

$

2,276.8

 

Hips

 

 

1,879.1

 

 

 

1,867.9

 

 

 

1,533.0

 

S.E.T

 

 

1,709.1

 

 

 

1,644.4

 

 

 

1,214.6

 

Dental

 

 

418.6

 

 

 

427.9

 

 

 

335.7

 

Spine & CMF

 

 

759.5

 

 

 

662.0

 

 

 

404.4

 

Other

 

 

320.7

 

 

 

329.1

 

 

 

233.3

 

Total

 

$

7,824.1

 

 

$

7,683.9

 

 

$

5,997.8