XML 47 R37.htm IDEA: XBRL DOCUMENT v3.25.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2025
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.
Three Months Ended June 30, 2025
(In millions)
Developed MarketsGreater ChinaJANZEmerging MarketsTotal Reportable Segments
Net Sales
$2,119.3 $588.9 $305.7 $555.1 $3,569.0 
Other revenue
10.3 — 1.0 1.8 13.1 
Total revenue
$2,129.6 $588.9 $306.7 $556.9 $3,582.1 
Less:
Cost of sales
1,004.6 62.5 181.7 240.4 1,489.2 
Selling, general and administration
249.5 124.6 41.3 78.4 493.8 
Segment profitability
$875.5 $401.8 $83.7 $238.1 $1,599.1 
Reconciliation of segment profit:
Intangible asset amortization expense
(583.3)
Intangible asset (including IPR&D) disposal & impairment charges
(2.2)
Research and development
(218.8)
Acquired IPR&D
— 
Litigation settlements & other contingencies, net
47.6 
Transaction related and other special items
(212.8)
Corporate and other unallocated
(396.6)
Earnings from operations
$233.0 
Six Months Ended June 30, 2025
(In millions)Developed MarketsGreater ChinaJANZEmerging MarketsTotal Reportable Segments
Net sales
$4,011.0 $1,144.4 $581.8 $1,075.0 $6,812.2 
Other revenues
17.2 — 2.0 5.0 24.2 
Total revenues
$4,028.2 $1,144.4 $583.8 $1,080.0 $6,836.4 
Less:
Cost of sales
1,930.8 123.3 358.2 453.2 2,865.5 
Selling, general and administration
483.8 234.6 79.7 152.7 950.8 
Segment profit
$1,613.6 $786.5 $145.9 $474.1 $3,020.1 
Reconciliation of segment profit:
Intangible asset amortization expense
(1,154.5)
Intangible asset (including IPR&D) disposal & impairment charges
(2.2)
Impairment of goodwill
(2,936.8)
Research and development
(440.8)
Acquired IPR&D
(10.0)
Litigation settlements and other contingencies, net
121.1 
Transaction related and other special items
(469.3)
Corporate and other unallocated
(776.8)
Loss from operations
$(2,649.2)
Three Months Ended June 30, 2024
(In millions)
Developed MarketsGreater ChinaJANZEmerging MarketsTotal Reportable Segments
Net Sales
$2,319.2 $539.0 $349.6 $578.1 $3,785.9 
Other revenue
5.9 0.4 0.2 4.2 10.7 
Total revenue
$2,325.1 $539.4 $349.8 $582.3 $3,796.6 
Less:
Cost of sales
1,025.1 59.2 207.3 271.6 1,563.2 
Selling, general and administration
292.3 130.8 41.2 78.0 542.3 
Segment profitability
$1,007.7 $349.4 $101.3 $232.7 $1,691.1 
Reconciliation of segment profit:
Intangible asset amortization expense
(597.2)
Intangible asset (including IPR&D) disposal & impairment charges
(102.0)
Impairment of goodwill
(321.0)
Research and development
(204.1)
Acquired IPR&D
7.8 
Litigation settlements & other contingencies, net
(131.0)
Transaction related and other special items
(196.4)
Corporate and other unallocated
(387.1)
Loss from operations$(239.9)
Six Months Ended June 30, 2024
(In millions)Developed MarketsGreater ChinaJANZEmerging MarketsTotal Reportable Segments
Net sales
$4,484.6 $1,082.9 $667.4 $1,204.5 $7,439.4 
Other revenues
13.1 0.4 0.5 6.6 20.6 
Total revenues
$4,497.7 $1,083.3 $667.9 $1,211.1 $7,460.0 
Less:
Cost of sales
2,001.5 120.4 396.7 536.9 3,055.5 
Selling, general and administration
575.2 247.2 82.6 162.0 1,067.0 
Segment profit
$1,921.0 $715.7 $188.6 $512.2 $3,337.5 
Reconciliation of segment profit:
Intangible asset amortization expense
(1,198.2)
Intangible asset (including IPR&D) disposal & impairment charges
(102.0)
Impairment of goodwill
(321.0)
Research and development
(403.8)
Acquired IPR&D
1.7 
Litigation settlements and other contingencies, net
(207.8)
Transaction related and other special items
(398.7)
Corporate and other unallocated
(743.7)
Loss from operations
$(36.0)