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Retirement Plans (Tables)
12 Months Ended
Dec. 31, 2021
Retirement Benefits [Abstract]  
Defined Contribution Plan Disclosures
202120202019
Plan expense$259 $235 $205 
Expense funded with Stryker common stock37 34 31 
Stryker common stock held by plan:
Dollar amount582 542 470 
Shares (in millions)2.2 2.2 2.2 
Value as a percentage of total plan assets10 %11 %12 %
Schedule of Costs of Retirement Plans
Components of Net Periodic Pension Cost
Net periodic benefit cost:202120202019
Service cost$(72)$(63)$(41)
Interest cost(7)(8)(12)
Expected return on plan assets11 13 12 
Amortization of prior service credit
Recognized actuarial loss(16)(13)(9)
Curtailment gain— — 
Net periodic benefit cost$(74)$(70)$(49)
Changes in assets and benefit obligations recognized in OCI:
Net actuarial gain (loss)$132 $(117)$(74)
Recognized net actuarial loss16 13 
Prior service credit and transition amount(1)(1)(1)
Curtailment gain(9)— — 
Total recognized in other comprehensive income (loss)$138 $(105)$(66)
Total recognized in net periodic benefit cost and OCI$64 $(175)$(115)
Weighted-average rates used to determine net periodic benefit cost:
Discount rate0.8 %1.0 %1.9 %
Expected return on plan assets2.5 %2.9 %3.5 %
Rate of compensation increase2.6 %2.9 %2.9 %
Weighted-average discount rate used to determine projected benefit obligations1.1 %0.8 %1.0 %
Schedule of Defined Benefit Plans Disclosures
20212020
Fair value of plan assets$543 $522 
Benefit obligations(1,036)(1,118)
Funded status$(493)$(596)
Reported as:
Current liabilities—accrued compensation$(2)$(2)
Noncurrent liabilities—other liabilities(491)(594)
Pre-tax amounts recognized in AOCI:
Unrecognized net actuarial loss(215)(354)
Unrecognized prior service credit
Total$(208)$(346)
Schedule of Changes in Accumulated Postemployment Benefit Obligations
Change in Benefit Obligations
20212020
Beginning projected benefit obligations$1,118 $869 
Service cost72 63 
Interest cost
Foreign exchange impact(70)80 
Employee contributions
Actuarial (gains) losses(71)110 
Curtailment gain(23)— 
Benefits paid(5)(20)
Ending projected benefit obligations$1,036 $1,118 
Ending accumulated benefit obligations$987 $1,056 
Schedule of Changes in Fair Value of Plan Assets
Change in Plan Assets
20212020
Beginning fair value of plan assets$522 $428 
Actual return17 30 
Employer contributions33 33 
Employee contributions
Foreign exchange impact(29)37 
Benefits paid(8)(14)
Ending fair value of plan assets$543 $522 
Valuation of Plan Assets
2021Level 1Level 2Level 3Total
Cash and cash equivalents$21 $— $— $21 
Equity securities28 119 — 147 
Corporate debt securities
202 — 204 
Other68 99 171 
Total$55 $389 $99 $543 
2020
Cash and cash equivalents$14 $— $— $14 
Equity securities23 108 — 131 
Corporate debt securities201 — 203 
Other63 104 174 
Total$46 $372 $104 $522 
Schedule of Allocation of Plan Assets
Allocation of Plan Assets
2022 Target2021 Actual2020 Actual
Equity securities23 %23 %23 %
Debt securities39 41 44 
Other38 36 33 
Total100 %100 %100 %
Schedule of Expected Benefit Payments
Estimated Future Benefit Payments
202220232024202520262027-2031
$21 $21 $27 $22 $23 $138