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Segment Information
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segment Information Segment Information
We periodically evaluate our application of accounting guidance for reportable segments and disclose information about reportable segments based on the way management organizes the enterprise for making operating decisions and assessing performance. We report our business under two segments: Global Solutions and Global Products. The Global Solutions segment includes our United States distribution, outsourced logistics and value-added services business. Global Products manufactures and sources medical surgical products through our production and kitting operations. The Halyard S&IP business, acquired on April 30, 2018, is a part of Global Products.
We evaluate the performance of our segments based on their operating income excluding acquisition-related and exit and realignment charges, certain purchase price fair value adjustments, and other substantive items that, either as a result of their nature or size, would not be expected to occur as part of our normal business operations on a regular basis.
Segment assets exclude inter-segment account balances as we believe their inclusion would be misleading and not meaningful. We believe all inter-segment sales are at prices that approximate market.
The following tables present financial information by segment:
Year ended December 31,
2019
 
2018
Net revenue:
 
 
 
Segment net revenue
 
 
 
Global Solutions
$
8,243,867

 
$
8,767,549

Global Products
1,433,977

 
1,111,322

Total segment net revenue
9,677,844

 
9,878,871

Inter-segment net revenue


 
 
Global Products
(466,905
)
 
(460,679
)
Total inter-segment net revenue
(466,905
)
 
(460,679
)
Consolidated net revenue
$
9,210,939

 
$
9,418,192

 
 
 
 
Operating income (loss):
 
 
 
Global Solutions
$
83,592

 
$
108,761

Global Products
65,054

 
75,688

Inter-segment eliminations
45

 
(3,014
)
Goodwill and intangible asset impairment charges
—

 
(413,945
)
Intangible amortization
(44,009
)
 
(35,132
)
Acquisition-related and exit and realignment charges
(30,050
)
 
(59,101
)
Other (1)
(1,481
)
 
(25,603
)
Consolidated operating income (loss)
$
73,151

 
$
(352,346
)
 
 
 
 
Depreciation and amortization: 
 
 
 
Global Solutions
$
42,444

 
$
45,182

Global Products
54,302

 
38,217

Discontinued operations
19,932

 
18,528

Consolidated depreciation and amortization
$
116,678

 
$
101,927

 
 
 
 
Capital expenditures:
 
 
 
Global Solutions
$
10,987

 
$
38,169

Global Products
22,289

 
16,161

Discontinued operations
18,952

 
11,355

Consolidated capital expenditures
$
52,228

 
$
65,685


(1) 2019 and 2018 included interest cost and net actuarial losses related to the U.S. Retirement Plan as well as software as a service (Saas) implementation costs associated with the upgrading of our global IT platforms in connection with the redesign of our global information system strategy. 2018 also includes the incremental charge to cost of goods sold from purchase accounting impacts related to the sale of acquired inventory that was written up to fair value.







December 31,
2019
 
2018
Total assets:
 
 
 
Global Solutions
$
2,205,134

 
$
2,237,427

Global Products
930,937

 
1,051,662

Segment assets
3,136,071

 
3,289,089

Discontinued operations
439,983

 
418,391

Cash and cash equivalents
67,030

 
66,308

Consolidated total assets
$
3,643,084

 
$
3,773,788


The following tables present information by geographic area. Net revenues were attributed to geographic areas based on the locations from which we ship products or provide services.
Year ended December 31,
2019
 
2018
Net revenue:
 
 
 
United States
$
8,871,599

 
$
9,261,149

International
339,340

 
157,043

Consolidated net revenue
$
9,210,939

 
$
9,418,192

 
December 31,
2019
 
2018
Long-lived assets:
 
 
 
United States
$
632,643

 
$
582,667

International
153,604

 
193,322

Consolidated long-lived assets
$
786,247

 
$
775,989