XML 50 R38.htm IDEA: XBRL DOCUMENT v3.21.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2021
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 (Loss)

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Americas and Global Businesses

 

$

1,161.4

 

 

$

1,136.6

 

 

$

371.6

 

 

$

363.0

 

EMEA

 

 

349.1

 

 

 

371.3

 

 

 

86.3

 

 

 

108.8

 

Asia Pacific

 

 

336.9

 

 

 

275.9

 

 

 

120.3

 

 

 

92.6

 

Corporate Functions

 

 

-

 

 

 

-

 

 

 

(101.9

)

 

 

(98.2

)

Total

 

$

1,847.4

 

 

$

1,783.8

 

 

 

 

 

 

 

 

 

Inventory and manufacturing-related charges

 

 

 

 

 

 

 

 

 

 

5.9

 

 

 

(0.6

)

Intangible asset amortization

 

 

 

 

 

 

 

 

 

 

(155.5

)

 

 

(147.6

)

Goodwill impairment

 

 

 

 

 

 

 

 

 

 

-

 

 

 

(612.0

)

Restructuring and other cost reduction initiatives

 

 

 

 

 

 

 

 

 

 

(21.9

)

 

 

(45.0

)

Quality remediation

 

 

 

 

 

 

 

 

 

 

(10.2

)

 

 

(15.9

)

Acquisition, integration, divestiture and related

 

 

 

 

 

 

 

 

 

 

(13.4

)

 

 

(4.4

)

Litigation

 

 

 

 

 

 

 

 

 

 

(6.1

)

 

 

(79.8

)

European Union Medical Device Regulation

 

 

 

 

 

 

 

 

 

 

(6.9

)

 

 

(11.0

)

Other charges

 

 

 

 

 

 

 

 

 

 

(2.6

)

 

 

(5.9

)

Operating profit (loss)

 

 

 

 

 

 

 

 

 

$

265.6

 

 

$

(456.0

)