XML 18 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
The following table reports the compensation of our principal executive officer (PEO) and the average compensation of the other named executive officers (Non-PEO NEOs) as reported in the Summary Compensation Table for the past three fiscal years, as well as their “compensation actually paid” as calculated pursuant to recently adopted SEC rules and certain performance measures required by the rules. The Compensation Committee does not utilize “compensation actually paid” as the basis for making compensation decisions. For further information concerning our compensation philosophy and how we align executive compensation with our performance, see the “Compensation Discussion and Analysis” section of this proxy statement.
Value of Initial Fixed $100
 Investment Based On:
Year
Summary
 Compensation
 Table (“SCT”)
Total for PEO
(1)
Compensation
 Actually Paid to
 PEO
(1)(2)
Average SCT
Total for
Non-PEO
 NEOs
(3)
Average
Compensation
Actually Paid to
Non-PEO
NEOs
(3)(4)
Total
Shareholder
Return
Peer Group
Total
Shareholder
Return
(5)
Net Income
Constant Currency
Revenue
(6)
2024$9,204,397 $2,743,208 $2,521,099 $1,126,248 $48.48 $135.21 $70,162,000 $3,073,300,000 
2023$9,039,947 $9,264,413 $2,329,579 $2,391,116 $67.48 $123.08 $357,572,000 $2,959,800,000 
2022$8,190,461 $5,009,855 $2,047,296 $1,419,844 $67.16 $112.36 $363,139,000 $2,842,500,000 
2021$8,673,634 $4,238,150 $2,074,095 $1,231,022 $87.92 $142.45 $485,374,000 $2,811,700,000 
2020$6,328,349 $4,827,257 $1,603,056 $1,215,470 $109.75 $118.81 $335,324,000 $2,519,600,000 
        
Company Selected Measure Name Constant Currency Revenue        
Named Executive Officers, Footnote Liam J. Kelly was our principal executive officer in each of 2024, 2023, 2022, 2021 and 2020.Our named executive officers, other than our principal executive officer, for (a) 2024 and 2023 were Thomas E. Powell, Jay. K. White, Daniel V. Logue and James P. Winters; (b) 2022 and 2021 were Thomas E. Powell, Jay K. White, Cameron P. Hicks and James P. Winters; and (c) 2020 were Thomas E. Powell, James J. Leyden, Cameron P. Hicks and James P. Winters.        
Peer Group Issuers, Footnote The peer group used to determine the total shareholder return values included in this column was the S&P 500 Healthcare Equipment & Supply Index. Total shareholder return (TSR) is cumulative for the measurement periods beginning on December 31, 2019, and ending on the last fiscal day in 2024, 2023, 2022, 2021 and 2020, respectively, calculated in accordance with Item 201(e) of Regulation S-K.        
PEO Total Compensation Amount $ 9,204,397 $ 9,039,947 $ 8,190,461 $ 8,673,634 $ 6,328,349
PEO Actually Paid Compensation Amount $ 2,743,208 9,264,413 5,009,855 4,238,150 4,827,257
Adjustment To PEO Compensation, Footnote
(2)    The amounts set forth in this column were calculated by making the following adjustments to the amounts set forth in the “Summary Compensation Table (“SCT”) Total for PEO” column:
20242023202220212020
Deductions for amounts reported under the “Stock Awards” column of the SCT$2,744,215 $2,835,227 $2,683,159 $2,664,264 1,975,833 
Deductions for amounts reported under the “Option Awards” column of the SCT$3,411,307 $3,575,961 $3,502,779 $3,000,606 2,343,414 
Increase for fair value of awards granted during year that remain outstanding and unvested as of year end$4,196,638 $7,099,876 $4,247,471 $4,025,539 $5,248,152 
Increase/deduction for change in fair value from prior year end to current year end of awards granted prior to year that were outstanding and unvested as of year end$(3,729,616)$(172,668)$(1,568,368)$(2,366,658)$(1,025,440)
Increase/deduction for change in fair value from prior year end to vesting date of awards granted prior to year that vested during year$(772,689)$(291,552)$326,230 $(429,495)$(1,404,556)
        
Non-PEO NEO Average Total Compensation Amount $ 2,521,099 2,329,579 2,047,296 2,074,095 1,603,056
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,126,248 2,391,116 1,419,844 1,231,022 1,215,470
Adjustment to Non-PEO NEO Compensation Footnote
(4)    The amounts set forth in this column were calculated by making the following adjustments to the amounts set forth in the “Average SCT Total for Non-PEO NEOs” column:
20242023202220212020
Deductions for change in the actuarial present values reported under the “Change in Pension Value and Nonqualified Deferred Compensation” column of the SCT— $(2,348)— — $3,306 
Deductions for amounts reported under the “Stock Awards” column of the SCT$644,514 $605,853 $556,786 $481,872 $412,719 
Deductions for amounts reported under the “Option Awards” column of the SCT$800,788 $764,020 $726,798 $542,719 $489,640 
Increase for fair value of awards granted during year that remain outstanding and unvested as of year end$991,675 $1,517,025 $881,351 $728,082 $1,096,461 
Increase/deduction for change in fair value from prior year end to current year end of awards granted prior to year that were outstanding and unvested as of year end$(787,603)$(33,995)$(289,943)$(468,507)$(187,684)
Increase/deduction for change in fair value from prior year end to vesting date of awards granted prior to year that vested during year$(153,621)$(53,968)$64,724 $(78,058)$(390,698)
        
Compensation Actually Paid vs. Total Shareholder Return
3504
        
Compensation Actually Paid vs. Net Income
3582
        
Compensation Actually Paid vs. Company Selected Measure
3584
        
Total Shareholder Return Vs Peer Group
3504
        
Tabular List, Table
Financial Performance Measures
The most important financial performance measures we use to link compensation actually paid to our Named Executives Officers, for the most recently completed fiscal year, to company performance are as follows:
•Constant Currency Revenue
•Adjusted Earnings Per Share
•Adjusted Operating Cash Flow 		       
Total Shareholder Return Amount $ 48.48 67.48 67.16 87.92 109.75
Peer Group Total Shareholder Return Amount 135.21 123.08 112.36 142.45 118.81
Net Income (Loss) $ 70,162,000 $ 357,572,000 $ 363,139,000 $ 485,374,000 $ 335,324,000
Company Selected Measure Amount 3,073,300,000 2,959,800,000 2,842,500,000 2,811,700,000 2,519,600,000
PEO Name Liam J. Kelly        
Additional 402(v) Disclosure Constant Currency Revenue is the amount of our consolidated revenues for a given year, adjusted to eliminate the effect of foreign currency exchange rate fluctuations for such year.        
Measure:: 1          
Pay vs Performance Disclosure          
Name Constant Currency Revenue        
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted Earnings Per Share        
Measure:: 3          
Pay vs Performance Disclosure          
Name Adjusted Operating Cash Flow        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (2,744,215) $ (2,835,227) $ (2,683,159) $ (2,664,264) $ (1,975,833)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,196,638 7,099,876 4,247,471 4,025,539 5,248,152
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,729,616) (172,668) (1,568,368) (2,366,658) (1,025,440)
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (772,689) (291,552) 326,230 (429,495) (1,404,556)
PEO | Deductions For Amounts Reported Under The Option Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,411,307) (3,575,961) (3,502,779) (3,000,606) (2,343,414)
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 (2,348) 0 0 3,306
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 644,514 605,853 556,786 481,872 412,719
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 991,675 1,517,025 881,351 728,082 1,096,461
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (787,603) (33,995) (289,943) (468,507) (187,684)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (153,621) (53,968) 64,724 (78,058) (390,698)
Non-PEO NEO | Deductions For Amounts Reported Under The Option Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 800,788 $ 764,020 $ 726,798 $ 542,719 $ 489,640