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SEGMENT AND GEOGRAPHIC INFORMATION (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Schedule of Net Sales
The Company’s segment information for the years ended December 31 was as follows:
Net SalesYear Ended December 31,
(in millions)202220212020
Technologies & Equipment$2,318 $2,504 $1,954 
Consumables1,604 1,727 1,385 
Total net sales$3,922 $4,231 $3,339 
Schedule of Depreciation and Amortization
Depreciation and AmortizationYear Ended December 31,
(in millions)202220212020
Technologies & Equipment$273 $280 $261 
Consumables41 52 61 
All Other (a)
14 15 12 
Total$328 $347 $334 
(a) Includes amounts recorded at corporate headquarters.
Schedule of Segment Operating Income (Loss)
Segment Adjusted Operating IncomeYear Ended December 31,
(in millions)202220212020
Technologies & Equipment$399 $543 $382 
Consumables495 539 316 
Segment adjusted operating income$894 $1,082 $698 
Reconciling items (income) expense:   
All other (a)
318 229 269 
Goodwill impairment1,187 — 157 
Intangible asset impairment and other costs114 17 77 
Interest expense, net60 55 46 
Other expense (income), net58 
Amortization of intangible assets209 222 192 
Depreciation resulting from the fair value step-up of property,
plant, and equipment from business combinations
(Loss) income before income taxes$(1,055)$545 $(50)
(a) Includes the results of unassigned corporate headquarters costs and inter-segment eliminations.
Schedule of Capital Expenditures
Capital ExpendituresYear Ended December 31,
(in millions)202220212020
Technologies & Equipment$101 $100 $50 
Consumables20 37 26 
All Other (a)
23 22 11 
Total$144 $159 $87 
(a) Includes capital expenditures of corporate headquarters.
Schedule of Assets
AssetsYear Ended December 31,
(in millions)20222021
Technologies & Equipment$5,518 $6,902 
Consumables1,928 2,123 
All Other (a)
197 214 
Total$7,643 $9,239 
(a) Includes the results of unassigned corporate headquarters costs and inter-segment eliminations.
Schedule of Revenue and Long Lived Assets by Geographic Location
The following tables set forth information about the Company’s significant operations by geographic areas, for the years ended December 31, 2022, 2021, and 2020. Net sales reported below represent revenues from external customers in those respective countries based on the destination of shipments.
Year Ended December 31,
(in millions)202220212020
Net sales
United States$1,393 $1,484 $1,116 
Germany 447 482 432 
Other Foreign2,082 2,265 1,791 
Total net sales$3,922 $4,231 $3,339 
Property, plant and equipment, net, represents those long-lived assets held by the operating businesses located in the respective geographic areas.
Year Ended December 31,
(in millions)20222021
Property, plant, and equipment, net
United States$174 $166 
Germany 275 309 
Sweden98 107 
Other Foreign214 191 
Total property, plant, and equipment, net$761 $773 
Schedules of Concentration of Risk, by Risk Factor Customers that accounted for 10% or more of net sales or accounts receivable for the years ended December 31, 2022 and 2020 were as follows:
Year Ended December 31,
20222020
% of net sales% of accounts receivable% of net sales% of accounts receivable
Henry Schein, Inc.11 %15 %14 %N/A
Patterson Companies, Inc.N/A12 %10 %18 %