XML 40 R22.htm IDEA: XBRL DOCUMENT v3.20.1
Revenue from Contracts with Customers (Tables)
3 Months Ended
Mar. 27, 2020
Disaggregation of Revenue [Line Items]  
Sales Reserves Rollforward
The following table reflects activity in the Company's sales reserve accounts:
 
Rebates and Chargebacks
 
Product Returns
 
Other Sales Deductions
 
Total
Balance as of December 28, 2018
$
354.3

 
$
34.0

 
$
17.1

 
$
405.4

Provisions
602.9

 
6.2

 
17.7

 
626.8

Payments or credits
(805.8
)
 
(8.2
)
 
(12.4
)
 
(826.4
)
Balance as of March 29, 2019
$
151.4

 
$
32.0

 
$
22.4

 
$
205.8

 
 
 
 
 
 
 
 
Balance as of December 27, 2019
$
295.8

 
$
28.4

 
$
13.2

 
$
337.4

Provisions
457.8

 
3.8

 
13.7

 
475.3

Payments or credits
(498.8
)
 
(6.1
)
 
(15.9
)
 
(520.8
)
Balance as of March 27, 2020
$
254.8

 
$
26.1

 
$
11.0

 
$
291.9


Disaggregation of Revenue The associated royalty revenue recognized was as follows:
 
Three Months Ended
 
March 27,
2020
 
March 29,
2019
Royalty revenue
$
15.6

 
$
17.4


Product sales transferred to customers at a point in time and over time were as follows:
 
Three Months Ended
 
March 27,
2020
 
March 29,
2019
Product sales transferred at a point in time
78.5
%
 
80.7
%
Product sales transferred over time
21.5

 
19.3


Contract with Customer, Timing of Satisfaction of Performance Obligation and Payment
The following table includes estimated revenue from contracts extending greater than one year for certain of the Company's hospital products that are expected to be recognized in the future related to performance obligations that were unsatisfied or partially unsatisfied as of March 27, 2020:
Remainder of Fiscal 2020
$
148.5

Fiscal 2021
102.7

Fiscal 2022
37.7

Fiscal 2023
8.1

Thereafter
0.3


Contract with Customer, Asset and Liability
The following table reflects the balance of the Company's contract liabilities at the end of each period:
 
March 27,
2020
 
December 27,
2019
Accrued and other current liabilities
$
4.7

 
$
5.6

Other liabilities
0.6

 
0.6

Contract liabilities
$
5.3

 
$
6.2