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Segment Information (Tables)
9 Months Ended
Sep. 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

 

 

 

September 30,

 

 

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Americas

 

$

961.2

 

 

$

934.5

 

 

$

517.3

 

 

$

493.7

 

EMEA

 

 

330.9

 

 

 

326.8

 

 

 

91.8

 

 

 

84.7

 

Asia Pacific

 

 

322.6

 

 

 

295.9

 

 

 

106.3

 

 

 

93.3

 

Product Category Operating Segments

 

 

277.7

 

 

 

279.5

 

 

 

39.1

 

 

 

42.7

 

Global Operations and Corporate Functions

 

 

-

 

 

 

-

 

 

 

(253.5

)

 

 

(243.4

)

Total

 

$

1,892.4

 

 

$

1,836.7

 

 

 

 

 

 

 

 

 

Inventory and manufacturing-related charges

 

 

 

 

 

 

 

 

 

 

(11.6

)

 

 

(5.0

)

Intangible asset amortization

 

 

 

 

 

 

 

 

 

 

(146.6

)

 

 

(147.6

)

Intangible asset impairment

 

 

 

 

 

 

 

 

 

 

-

 

 

 

(3.8

)

Acquisition, integration and related

 

 

 

 

 

 

 

 

 

 

0.9

 

 

 

(17.4

)

Quality remediation

 

 

 

 

 

 

 

 

 

 

(21.5

)

 

 

(34.2

)

Litigation

 

 

 

 

 

 

 

 

 

 

(42.8

)

 

 

(14.0

)

European Union Medical Device Regulation

 

 

 

 

 

 

 

 

 

 

(11.4

)

 

 

(0.8

)

Other charges

 

 

 

 

 

 

 

 

 

 

(22.2

)

 

 

(24.9

)

Operating profit

 

 

 

 

 

 

 

 

 

$

245.8

 

 

$

223.3

 

 

 

 

 

 

Net Sales

 

 

Operating Profit

 

 

 

Nine Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Americas

 

$

2,925.7

 

 

$

2,904.9

 

 

$

1,563.2

 

 

$

1,556.0

 

EMEA

 

 

1,120.0

 

 

 

1,159.4

 

 

 

335.1

 

 

 

341.4

 

Asia Pacific

 

 

948.2

 

 

 

914.0

 

 

 

325.1

 

 

 

305.1

 

Product Category Operating Segments

 

 

862.6

 

 

 

883.6

 

 

 

129.7

 

 

 

135.3

 

Global Operations and Corporate Functions

 

 

-

 

 

 

-

 

 

 

(781.9

)

 

 

(733.5

)

Total

 

$

5,856.5

 

 

$

5,861.9

 

 

 

 

 

 

 

 

 

Inventory and manufacturing-related charges

 

 

 

 

 

 

 

 

 

 

(47.7

)

 

 

(24.7

)

Intangible asset amortization

 

 

 

 

 

 

 

 

 

 

(436.9

)

 

 

(447.9

)

Intangible asset impairment

 

 

 

 

 

 

 

 

 

 

(70.1

)

 

 

(3.8

)

Acquisition, integration and related

 

 

 

 

 

 

 

 

 

 

(20.3

)

 

 

(113.9

)

Quality remediation

 

 

 

 

 

 

 

 

 

 

(64.6

)

 

 

(125.8

)

Litigation

 

 

 

 

 

 

 

 

 

 

(48.0

)

 

 

(15.5

)

Litigation settlement gain

 

 

 

 

 

 

 

 

 

 

23.5

 

 

 

-

 

European Union Medical Device Regulation

 

 

 

 

 

 

 

 

 

 

(18.1

)

 

 

(1.6

)

Other charges

 

 

 

 

 

 

 

 

 

 

(88.3

)

 

 

(46.8

)

Operating profit

 

 

 

 

 

 

 

 

 

$

800.7

 

 

$

824.3