XML 22 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Earnings (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Net Sales $ 1,783.8 $ 1,975.5
Type of Revenue [Extensible List] us-gaap:ProductMember us-gaap:ProductMember
Cost of products sold, excluding intangible asset amortization $ 487.1 $ 553.4
Type of Cost, Good or Service [Extensible List] us-gaap:ProductMember us-gaap:ProductMember
Intangible asset amortization $ 147.6 $ 143.4
Research and development 98.4 101.7
Selling, general and administrative 828.9 796.4
Goodwill impairment 612.0  
Restructuring and other cost reduction initiatives 45.0 4.7
Quality remediation 16.4 19.7
Acquisition, integration and related 4.4 6.0
Operating expenses 2,239.8 1,625.3
Operating (Loss) Profit (456.0) 350.2
Other income (expense), net 3.0 (0.5)
Interest expense, net (50.9) (58.0)
(Loss) earnings before income taxes (503.9) 291.7
Provision for income taxes 5.2 45.5
Net (Loss) Earnings (509.1) 246.2
Less: Net (loss) earnings attributable to noncontrolling interest (0.6) 0.1
Net (Loss) Earnings of Zimmer Biomet Holdings, Inc. $ (508.5) $ 246.1
(Loss) Earnings Per Common Share    
Basic $ (2.46) $ 1.20
Diluted $ (2.46) $ 1.20
Weighted Average Common Shares Outstanding    
Basic 206.5 204.4
Diluted 206.5 205.8