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Segment Data (Tables)
12 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Financial Information for Company's Segments

Distribution of products is primarily through independent distribution channels, and directly to end-users by BD and independent sales representatives. No customer accounted for 10% or more of revenues in any of the three years presented.

 

(Millions of dollars)   2014     2013     2012  

Revenues(A)

     

Medical

  $ 4,573      $ 4,306      $ 4,091   

Life Sciences

    3,872        3,748        3,618   
 

 

 

   

 

 

   

 

 

 

Total Revenues

  $ 8,446      $ 8,054      $ 7,708   
 

 

 

   

 

 

   

 

 

 

Segment Operating Income

     

Medical

  $ 1,291 (B)(C)    $ 1,233      $ 1,162   

Life Sciences

    861 (B)(D)      907        915   
 

 

 

   

 

 

   

 

 

 

Total Segment Operating Income

    2,152        2,140        2,077   

Unallocated Items(E)

    (630 )(B)(F)      (976 )(G)      (605
 

 

 

   

 

 

   

 

 

 

Income From Continuing Operations Before Income Taxes

  $ 1,522      $ 1,165      $ 1,472   
 

 

 

   

 

 

   

 

 

 

Segment Assets

     

Medical

  $ 4,668      $ 4,582      $ 4,245   

Life Sciences

    3,783        3,776        3,869   
 

 

 

   

 

 

   

 

 

 

Total Segment Assets

    8,451        8,357        8,114   

Corporate and All Other(H)

    3,997        3,792        3,247   
 

 

 

   

 

 

   

 

 

 

Total Assets

  $ 12,447      $ 12,149      $ 11,361   
 

 

 

   

 

 

   

 

 

 

Capital Expenditures

     

Medical

  $ 420      $ 354      $ 363   

Life Sciences

    155        158        114   

Corporate and All Other

    16        9        10   
 

 

 

   

 

 

   

 

 

 

Total Capital Expenditures

  $ 592      $ 522      $ 487   
 

 

 

   

 

 

   

 

 

 

Depreciation and Amortization

     

Medical

  $ 293      $ 259      $ 240   

Life Sciences

    251        267        254   

Corporate and All Other

    18        19        18   
 

 

 

   

 

 

   

 

 

 

Total Depreciation and Amortization

  $ 562      $ 546      $ 511   
 

 

 

   

 

 

   

 

 

 

 

(A) Intersegment revenues are not material.

 

(B) Includes a $36 million charge associated with workforce reduction actions. The portions of this charge attributable to the Medical and Life Sciences segments were $21 million and $10 million, respectively. The amount of the charge attributable to corporate functions was $5 million. Additional disclosures regarding these actions are provided in Note 8.

 

(C) Includes a $6 million charge associated with the decision to terminate a research and development program; the charge relates to program asset write-offs and obligations. Additionally includes $4 million of acquisition-related costs.

 

(D) Includes a $20 million charge primarily resulting from the discontinuance of an instrument product development program. The charge is largely attributable to capitalized product software, but also includes a lesser amount attributable to fixed assets. Also includes an $11 million charge that resulted from the early termination of a European distributor agreement a $5 million charge due to an adjustment to the carrying amount of an asset that is being held for sale as well as $1 million of acquisition-related costs.

 

(E) Includes primarily interest, net; foreign exchange; corporate expenses; and share-based compensation expense.

 

(F) Includes an $8 million gain resulting from the Company’s receipt of cash proceeds from the sale of a company in which it held a small equity ownership interest.

 

(G) Includes the $341 million charge associated with the unfavorable verdict returned in the antitrust and false advertising lawsuit filed against the Company by RTI as well as the $22 million charge associated with the litigation settlement related to indirect purchaser antitrust class action cases. Additional disclosures regarding these matters are provided in Note 5.

 

(H) Includes cash and investments and corporate assets.

 

Revenues by Organizational Units
(Millions of dollars)                     

Revenues by Organizational Units

   2014      2013      2012  

Medical

        

Medical Surgical Systems

   $ 2,307       $ 2,196       $ 2,105   

Diabetes Care

     1,037         969         911   

Pharmaceutical Systems

     1,229         1,142         1,074   
  

 

 

    

 

 

    

 

 

 
     4,573         4,306         4,091   
  

 

 

    

 

 

    

 

 

 

Life Sciences

        

Preanalytical Systems

     1,412         1,352         1,301   

Diagnostic Systems

     1,301         1,294         1,237   
     1,159         1,102         1,080   
  

 

 

    

 

 

    

 

 

 

Biosciences

     3,872         3,748         3,618   
  

 

 

    

 

 

    

 

 

 

Total Revenues

   $ 8,446       $ 8,054       $ 7,708   
  

 

 

    

 

 

    

 

 

 
Revenues to Unaffiliated Customers and Long-lived Assets Including Property, Plant and Equipment

Revenues to unaffiliated customers are based upon the source of the product shipment. Long-lived assets, which include net property, plant and equipment, are based upon physical location.

 

(Millions of dollars)    2014      2013      2012  

Revenues

        

United States

   $ 3,417       $ 3,353       $ 3,288   

Europe

     2,733         2,512         2,379   

Asia Pacific

     1,121         1,006         883   

Other

     1,175         1,183         1,159   
  

 

 

    

 

 

    

 

 

 
   $ 8,446       $ 8,054       $ 7,708   
  

 

 

    

 

 

    

 

 

 

Long-Lived Assets

        

United States

   $ 3,126       $ 3,251       $ 3,156   

Europe

     1,809         1,667         1,559   

Asia Pacific

     486         442         397   

Other

     555         565         624   

Corporate

     340         350         303   
  

 

 

    

 

 

    

 

 

 
   $ 6,317       $ 6,276       $ 6,039