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Segment Information (Tables)
6 Months Ended
Jun. 30, 2019
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,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Americas

 

$

989.1

 

 

$

979.3

 

 

$

538.8

 

 

$

530.1

 

EMEA

 

 

383.2

 

 

 

400.0

 

 

 

116.9

 

 

 

117.5

 

Asia Pacific

 

 

321.9

 

 

 

319.2

 

 

 

114.8

 

 

 

109.7

 

Product Category Operating Segments

 

 

294.4

 

 

 

309.1

 

 

 

49.7

 

 

 

39.4

 

Global Operations and Corporate Functions

 

 

-

 

 

 

-

 

 

 

(275.0

)

 

 

(235.2

)

Total

 

$

1,988.6

 

 

$

2,007.6

 

 

 

 

 

 

 

 

 

Inventory and manufacturing-related charges

 

 

 

 

 

 

 

 

 

 

(34.1

)

 

 

(12.5

)

Intangible asset amortization

 

 

 

 

 

 

 

 

 

 

(146.9

)

 

 

(149.5

)

Intangible asset impairment

 

 

 

 

 

 

 

 

 

 

(70.1

)

 

 

-

 

Acquisition, integration and related

 

 

 

 

 

 

 

 

 

 

(10.5

)

 

 

(50.5

)

Quality remediation

 

 

 

 

 

 

 

 

 

 

(23.4

)

 

 

(45.4

)

Litigation

 

 

 

 

 

 

 

 

 

 

(7.0

)

 

 

4.2

 

European Union Medical Device Regulation

 

 

 

 

 

 

 

 

 

 

(5.1

)

 

 

(0.5

)

Other charges

 

 

 

 

 

 

 

 

 

 

(43.4

)

 

 

(11.3

)

Operating profit

 

 

 

 

 

 

 

 

 

$

204.7

 

 

$

296.0

 

 

 

 

 

 

Net Sales

 

 

Operating Profit

 

 

 

Six Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Americas

 

$

1,964.5

 

 

$

1,970.4

 

 

$

1,045.9

 

 

$

1,062.3

 

EMEA

 

 

789.1

 

 

 

832.6

 

 

 

243.3

 

 

 

256.7

 

Asia Pacific

 

 

625.6

 

 

 

618.1

 

 

 

218.8

 

 

 

211.8

 

Product Category Operating Segments

 

 

584.9

 

 

 

604.1

 

 

 

90.6

 

 

 

92.6

 

Global Operations and Corporate Functions

 

 

-

 

 

 

-

 

 

 

(528.4

)

 

 

(490.1

)

Total

 

$

3,964.1

 

 

$

4,025.2

 

 

 

 

 

 

 

 

 

Inventory and manufacturing-related charges

 

 

 

 

 

 

 

 

 

 

(36.1

)

 

 

(19.7

)

Intangible asset amortization

 

 

 

 

 

 

 

 

 

 

(290.3

)

 

 

(300.3

)

Intangible asset impairment

 

 

 

 

 

 

 

 

 

 

(70.1

)

 

 

-

 

Acquisition, integration and related

 

 

 

 

 

 

 

 

 

 

(21.2

)

 

 

(96.5

)

Quality remediation

 

 

 

 

 

 

 

 

 

 

(43.1

)

 

 

(91.6

)

Litigation

 

 

 

 

 

 

 

 

 

 

(5.2

)

 

 

(1.5

)

Litigation settlement gain

 

 

 

 

 

 

 

 

 

 

23.5

 

 

 

-

 

European Union Medical Device Regulation

 

 

 

 

 

 

 

 

 

 

(6.7

)

 

 

(0.8

)

Other charges

 

 

 

 

 

 

 

 

 

 

(66.1

)

 

 

(21.9

)

Operating profit

 

 

 

 

 

 

 

 

 

$

554.9

 

 

$

601.0