XML 16 R2.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Net Sales $ 7,394.2 $ 6,939.9 $ 6,827.3
Type of Revenue [Extensible List] us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Cost of products sold, excluding intangible asset amortization $ 2,083.8 $ 2,019.5 $ 1,960.4
Type of Cost, Good or Service [Extensible List] us-gaap:ProductMember us-gaap:ProductMember us-gaap:ProductMember
Intangible asset amortization $ 561.5 $ 526.8 $ 529.5
Research and development 458.7 406.0 435.8
Selling, general and administrative 2,838.9 2,761.7 2,843.4
Goodwill and intangible asset impairment   292.8 16.3
Restructuring and other cost reduction initiatives 151.9 191.6 125.7
Quality remediation   33.8 52.8
Acquisition, integration, divestiture and related 21.7 11.4 3.1
Operating expenses 6,116.5 6,243.6 5,967.0
Operating Profit 1,277.7 696.3 860.3
Other (expense) income, net (9.3) (128.0) 12.2
Interest expense, net (201.2) (164.8) (208.4)
Loss on early extinguishment of debt     (165.1)
Earnings from continuing operations before income taxes 1,067.3 403.5 499.0
Provision for income taxes from continuing operations 42.2 112.3 53.5
Net Earnings from Continuing Operations 1,025.1 291.2 445.5
Less: Net earnings attributable to noncontrolling interest 1.1 1.0 0.5
Net Earnings from Continuing Operations of Zimmer Biomet Holdings, Inc. 1,024.0 290.2 445.0
Loss from Discontinued Operations, Net of Tax   (58.8) (43.4)
Net Earnings of Zimmer Biomet Holdings, Inc. $ 1,024.0 $ 231.4 $ 401.6
Basic Earnings Per Common Share      
Earnings from Continuing Operations $ 4.91 $ 1.38 $ 2.14
Loss from Discontinued Operations   (0.28) (0.21)
Basic Earnings Per Common Share 4.91 1.1 1.93
Diluted Earnings Per Common Share      
Earnings from Continuing Operations 4.88 1.38 2.12
Loss from Discontinued Operations   (0.28) (0.21)
Diluted Earnings Per Common Share $ 4.88 $ 1.1 $ 1.91
Weighted Average Common Shares Outstanding      
Basic 208.7 209.6 208.6
Diluted 209.7 210.3 210.4