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Segment Information Selected Statement of Income (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Segment Reporting Information [Line Items]        
Revenue $ 2,361 $ 2,180 $ 4,551 $ 4,180
Cost of sales 668 607 1,311 1,195
Other (income)/deductions—net 25 (104) 17 (157)
Income before provision for taxes on income 780 872 1,527 [1] 1,569 [1]
Depreciation and amortization 127 121 253 [1],[2] 241 [1],[2]
Other business activities        
Segment Reporting Information [Line Items]        
Income before provision for taxes on income (142) (116) (274) (230)
Depreciation and amortization 11 7 20 [2] 15 [2]
Operating Segments        
Segment Reporting Information [Line Items]        
Income before provision for taxes on income 1,390 1,254 2,681 2,403
Depreciation and amortization 46 42 93 [2] 82 [2]
Operating Segments | U.S.        
Segment Reporting Information [Line Items]        
Revenue 1,308 1,165 2,471 2,170
Cost of sales 232 214 449 417
Gross profit $ 1,076 $ 951 $ 2,022 $ 1,753
Gross margin, percentage 82.30% 81.60% 81.80% 80.80%
Operating expenses $ 204 $ 212 $ 394 $ 400
Other (income)/deductions—net 0 0 0 0
Income before provision for taxes on income 872 739 1,628 1,353
Depreciation and amortization 21 20 45 [2] 39 [2]
Operating Segments | International        
Segment Reporting Information [Line Items]        
Revenue 1,035 995 2,042 [3] 1,973 [3]
Cost of sales 342 315 655 606
Gross profit $ 693 $ 680 $ 1,387 $ 1,367
Gross margin, percentage 67.00% 68.30% 67.90% 69.30%
Operating expenses $ 175 $ 166 $ 334 $ 317
Other (income)/deductions—net 0 (1) 0 0
Income before provision for taxes on income 518 515 1,053 1,050
Depreciation and amortization 25 22 48 [2] 43 [2]
Corporate        
Segment Reporting Information [Line Items]        
Income before provision for taxes on income (299) (256) (587) (464)
Depreciation and amortization 33 30 65 [2] 62 [2]
Reconciling Items        
Segment Reporting Information [Line Items]        
Purchase accounting adjustments (35) (43) (72) (85)
Purchase accounting adjustments, Depreciation and Amortization 35 40 72 [2] 79 [2]
Acquisition And Divestiture Depreciation, Depletion and Amortization 0 0 0 [2] 0 [2]
Business Combination, Acquisition And Divesture Related Costs (5) (4) (5) (5)
Certain significant items, Earnings (70) 90 (76) [4] 68 [4]
Certain significant items, Depreciation and Amortization 0 0 0 [2],[4] 0 [2],[4]
Other unallocated (59) (53) (140) (118)
Other Unallocated, Depreciation and Amortization $ 2 $ 2 $ 3 [2] $ 3 [2]
[1] Defined as income before provision for taxes on income.
[2] 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.
[3] Revenue denominated in euros was $460 million and $421 million for the six months ended June 30, 2024 and 2023, respectively.
[4]
For the six months ended June 30, 2023, primarily consisted of a gain on the sale of a majority interest in our pet insurance business, partially offset by employee termination costs related to organizational structure refinements and certain asset impairment charges related to our precision animal health business.