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Segment Information (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Reconciliation of Segment Information to Total Consolidated Information
Presented in the table below is segment information for the periods identified and a reconciliation of segment information to total consolidated information.
Net Sales
Segment Profitability
Years Ended December 31, Years Ended December 31,
(In millions)202320222021202320222021
Reportable Segments:
Developed Markets$9,251.9 $9,768.9 $10,428.7 $4,086.5 $4,878.1 $5,143.1 
Greater China2,160.4 2,201.2 2,212.8 1,426.8 1,512.5 1,397.1 
JANZ1,424.5 1,632.4 2,027.4 522.9 665.5 762.4 
Emerging Markets2,551.6 2,615.6 3,144.7 1,091.9 1,207.1 1,402.4 
Total reportable segments$15,388.4 $16,218.1 $17,813.6 $7,128.1 $8,263.2 $8,705.0 
Reconciling items:
Intangible asset amortization expense(2,317.1)(2,504.6)(2,702.2)
Intangible asset disposal & impairment charges(32.0)(173.5)(102.8)
Impairment of goodwill(580.1)(117.0)— 
Globally managed research and development costs(805.2)(662.2)(681.0)
Acquired IPR&D(105.5)(36.4)(70.1)
Litigation settlements & other contingencies(111.6)(4.4)(329.2)
Transaction related and other special items(774.4)(1,026.9)(2,832.2)
Corporate and other unallocated(1,636.0)(2,123.3)(2,021.5)
Earnings (loss) from operations$766.2 $1,614.9 $(34.0)
Schedule of Revenue by Major Customers by Reporting Segments
The following table represents the percentage of consolidated net sales to Viatris’ major customers during the years ended December 31, 2023, 2022, and 2021:
Percentage of Consolidated Net Sales
202320222021
McKesson Corporation10 %11 %%
AmerisourceBergen Corporation10 %10 %%
Cardinal Health, Inc.%%%
Net Third Party Sales Classified Based on Geographic Location of Subsidiaries
Net sales by country are presented on the basis of geographic location of our subsidiaries:
Year Ended December 31,
(In millions)202320222021
United States$3,551.8 $3,946.6 $4,176.4 
China1,889.0 1,951.3 1,981.5 
____________
No other country’s net sales represents more than 10% of consolidated net sales.