XML 66 R52.htm IDEA: XBRL DOCUMENT v3.22.1
Debt - Additional Information (Detail)
$ in Millions, € in Billions, ¥ in Billions
3 Months Ended
Mar. 18, 2022
USD ($)
Aug. 20, 2021
USD ($)
Mar. 31, 2022
USD ($)
Mar. 31, 2021
USD ($)
Mar. 31, 2022
EUR (€)
Mar. 31, 2022
JPY (¥)
Dec. 31, 2021
USD ($)
Sep. 30, 2021
Sep. 18, 2020
USD ($)
Debt Instrument [Line Items]                  
Debt, long-term and short-term, combined amount     $ 6,300.0            
Aggregate principal amount of Senior Notes     6,000.0            
Other debt and fair value adjustments, total     78.9            
Debt discount and issuance costs     34.5       $ 36.4    
Proceeds from revolving facility     100.0            
Estimated fair value     5,995.2            
ZimVie to Zimmer Biomet                  
Debt Instrument [Line Items]                  
Cash on hand from dividend $ 540.6                
2021 Five-Year Credit Agreement [Member]                  
Debt Instrument [Line Items]                  
Estimated fair value     100.0            
2021 Five-Year Credit Agreement [Member] | Maximum                  
Debt Instrument [Line Items]                  
Consolidated EBITDA ratio               4.50%  
Consolidated EBITDA ratio thereafter               5.00%  
2021 Five-Year Credit Agreement [Member] | Minimum [Member]                  
Debt Instrument [Line Items]                  
Consolidated EBITDA ratio               1.00%  
Consolidated EBITDA ratio thereafter               1.00%  
2021 364-Day Revolving Credit Agreement [Member]                  
Debt Instrument [Line Items]                  
Outstanding borrowings     $ 0.0            
Maturity date of debt instrument     Aug. 19, 2022            
Debt instrument     $ 1,000.0            
2021 364-Day Revolving Credit Agreement [Member] | Maximum                  
Debt Instrument [Line Items]                  
Consolidated EBITDA ratio               4.50%  
Consolidated EBITDA ratio thereafter               5.00%  
2021 364-Day Revolving Credit Agreement [Member] | Minimum [Member]                  
Debt Instrument [Line Items]                  
Consolidated EBITDA ratio               1.00%  
Consolidated EBITDA ratio thereafter               1.00%  
September 2020 Credit Agreement [Member]                  
Debt Instrument [Line Items]                  
Outstanding borrowings     $ 0.0            
Debt instrument                 $ 1,000.0
Euro Notes [Member]                  
Debt Instrument [Line Items]                  
Term loan | €         € 1.5        
Japan Term Loan A [Member]                  
Debt Instrument [Line Items]                  
Term loan | ¥           ¥ 11.7      
Maturity date of debt instrument     Sep. 27, 2022            
Japan Term Loan B [Member]                  
Debt Instrument [Line Items]                  
Term loan | ¥           ¥ 21.3      
Maturity date of debt instrument     Sep. 27, 2022            
Five Year Revolving Facility | 2021 Five-Year Credit Agreement [Member]                  
Debt Instrument [Line Items]                  
Outstanding borrowings     $ 100.0            
Proceeds from revolving facility 100.0                
Senior Notes [Member] | 3.150% Senior Notes Due 2022                  
Debt Instrument [Line Items]                  
Redemption of outstanding principal amount $ 750.0                
Interest rate 3.15%                
Floating Rate Notes [Member] | Due in 2021 [Member]                  
Debt Instrument [Line Items]                  
Redemption of outstanding principal amount       $ 200.0          
Multicurrency Revolving Facility [Member] | 2021 Five-Year Credit Agreement [Member]                  
Debt Instrument [Line Items]                  
Maturity date of debt instrument   Aug. 20, 2026              
Debt instrument   $ 1,500.0              
Debt Instrument, Term   5 years              
Uncommitted incremental feature   $ 500.0              
Multicurrency Revolving Facility [Member] | 2019 Credit Agreement [Member]                  
Debt Instrument [Line Items]                  
Debt instrument   $ 1,500.0              
Debt Instrument, Term   5 years              
Japan Term Loan A and Japan Term Loan B [Member]                  
Debt Instrument [Line Items]                  
Estimated fair value     $ 271.7