XML 113 R95.htm IDEA: XBRL DOCUMENT v3.22.0.1
Segment Information - Income Statement (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Segment Reporting Information [Line Items]      
Revenues $ 7,776 $ 6,675 $ 6,260
Cost of Sales [1] 2,303 2,057 1,992
Other (income)/deductions-net 48 17 (57)
Earnings [2] 2,488 1,996 1,801
Depreciation and Amortization [2],[3] 448 441 412
Property, plant and equipment, less accumulated depreciation 2,422 2,202  
Other business activities      
Segment Reporting Information [Line Items]      
Earnings (406) (372) (348)
Depreciation and Amortization [3] 28 27 24
United States      
Segment Reporting Information [Line Items]      
Revenues 4,042 3,557 3,203
Property, plant and equipment, less accumulated depreciation 1,638 1,486  
International      
Segment Reporting Information [Line Items]      
Property, plant and equipment, less accumulated depreciation 784 716  
Operating Segments      
Segment Reporting Information [Line Items]      
Earnings 4,517 3,786 3,492
Depreciation and Amortization [3] 128 111 97
Operating Segments | United States Segment      
Segment Reporting Information [Line Items]      
Revenues 4,042 3,557 3,203
Cost of Sales 788 709 655
Gross Profit $ 3,254 $ 2,848 $ 2,548
Gross Margin 80.50% 80.10% 79.60%
Operating Expenses $ 681 $ 602 $ 543
Other (income)/deductions-net 4 (7) 0
Earnings 2,569 2,239 2,005
Depreciation and Amortization [3] 54 55 44
Operating Segments | International Segment      
Segment Reporting Information [Line Items]      
Revenues [4] 3,652 3,035 2,972
Cost of Sales 1,106 971 925
Gross Profit $ 2,546 $ 2,064 $ 2,047
Gross Margin 69.70% 68.00% 68.90%
Operating Expenses $ 602 $ 510 $ 560
Other (income)/deductions-net 4 (7) 0
Earnings 1,948 1,547 1,487
Operating Segments | International      
Segment Reporting Information [Line Items]      
Depreciation and Amortization [3] 74 56 53
Corporate, Non-Segment      
Segment Reporting Information [Line Items]      
Earnings (1,052) (879) (755)
Depreciation and Amortization [3] 115 101 69
Segment Reconciling Items      
Segment Reporting Information [Line Items]      
Depreciation and Amortization [3] 0 0 0
Purchase accounting adjustments, earnings (175) (198) (234)
Purchase accounting adjustments, depreciation and amortization [3] 175 199 219
Acquisition-related costs, earnings (12) (18) (43)
Certain significant items, earnings [5] (73) (43) (67)
Certain significant items, depreciation and amortization [3],[5] 0 0 0
Other unallocated, earnings (311) (280) (244)
Other unallocated, deprecation and amortization [3] $ 2 $ 3 $ 3
[1] Exclusive of amortization of intangible assets, except as disclosed in Note 3. Significant Accounting Policies—Amortization of Intangible Assets, Depreciation and Certain Long-Lived Assets.
[2] Defined as income before provision for taxes on income.
[3] Certain production facilities are shared. Depreciation and amortization is allocated to the reportable operating segments based on estimates of where the benefits of the related assets are realized.
[4] Revenue denominated in euros was $814 million in 2021, $718 million in 2020 and $742 million in 2019.
[5] For 2021, certain significant items primarily included certain asset impairment charges of $46 million, as well as employee termination costs associated with our international operations and other costs associated with cost-reduction and productivity initiatives of $21 million.
For 2020, certain significant items primarily included certain asset impairment charges of $37 million and CEO transition-related costs of $16 million, partially offset by a net gain resulting from a cash payment received pursuant to an agreement related to the 2016 sale of certain U.S. manufacturing sites of $18 million.
For 2019, certain significant items primarily includes: (i) a change in estimate related to inventory costing of $69 million, (ii) CEO transition-related costs of $10 million, (iii) consulting fees, product transfer costs, employee termination costs and exit costs related to cost-reduction and productivity initiatives of $7 million, and (iv) income of $20 million resulting from a cash payment received pursuant to an agreement related to the 2016 sale of certain U.S. manufacturing sites.