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Segment Information (Tables)
6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Summary of Net sales and Operating Profit by Segment

Net sales and operating profit by segment are as follows (in millions):

 

 

Net Sales

 

 

Operating Profit (Loss)

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Americas Orthopedics

 

$

1,058.3

 

 

$

626.5

 

 

$

445.4

 

 

$

203.7

 

EMEA

 

 

392.9

 

 

 

204.1

 

 

 

95.2

 

 

 

20.1

 

Asia Pacific

 

 

345.7

 

 

 

264.5

 

 

 

111.4

 

 

 

78.4

 

Americas Spine and Global Dental

 

 

230.0

 

 

 

131.0

 

 

 

40.1

 

 

 

(3.4

)

Total

 

$

2,026.9

 

 

$

1,226.1

 

 

 

 

 

 

 

 

 

Corporate Functions

 

 

 

 

 

 

 

 

 

 

(162.0

)

 

 

(229.0

)

Inventory and manufacturing-related charges

 

 

 

 

 

 

 

 

 

 

(7.9

)

 

 

(1.4

)

Intangible asset amortization

 

 

 

 

 

 

 

 

 

 

(154.6

)

 

 

(147.7

)

Goodwill and intangible asset impairment

 

 

 

 

 

 

 

 

 

 

(16.3

)

 

 

(33.0

)

Restructuring and other cost reduction initiatives

 

 

 

 

 

 

 

 

 

 

(19.7

)

 

 

(28.0

)

Quality remediation

 

 

 

 

 

 

 

 

 

 

(11.0

)

 

 

(9.9

)

Acquisition, integration, divestiture and related

 

 

 

 

 

 

 

 

 

 

(25.4

)

 

 

(2.2

)

Litigation

 

 

 

 

 

 

 

 

 

 

(3.6

)

 

 

(1.3

)

European Union Medical Device Regulation

 

 

 

 

 

 

 

 

 

 

(10.6

)

 

 

(6.1

)

Certain R&D agreements

 

 

 

 

 

 

 

 

 

 

(65.0

)

 

 

-

 

Other charges

 

 

 

 

 

 

 

 

 

 

4.5

 

 

 

(11.9

)

Operating profit (loss)

 

 

 

 

 

 

 

 

 

$

220.5

 

 

$

(171.7

)

 

 

 

 

Net Sales

 

 

Operating Profit (Loss)

 

 

 

Six Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Americas Orthopedics

 

$

2,004.5

 

 

$

1,569.5

 

 

$

832.5

 

 

$

607.0

 

EMEA

 

 

742.0

 

 

 

575.4

 

 

 

181.5

 

 

 

128.9

 

Asia Pacific

 

 

682.6

 

 

 

540.4

 

 

 

231.7

 

 

 

171.0

 

Americas Spine and Global Dental

 

 

445.2

 

 

 

324.6

 

 

 

79.1

 

 

 

22.5

 

Total

 

$

3,874.3

 

 

$

3,009.9

 

 

 

 

 

 

 

 

 

Corporate Functions

 

 

 

 

 

 

 

 

 

 

(318.4

)

 

 

(393.4

)

Inventory and manufacturing-related charges

 

 

 

 

 

 

 

 

 

 

(2.0

)

 

 

(2.0

)

Intangible asset amortization

 

 

 

 

 

 

 

 

 

 

(310.1

)

 

 

(295.3

)

Goodwill and intangible asset impairment

 

 

 

 

 

 

 

 

 

 

(16.3

)

 

 

(645.0

)

Restructuring and other cost reduction initiatives

 

 

 

 

 

 

 

 

 

 

(41.6

)

 

 

(73.0

)

Quality remediation

 

 

 

 

 

 

 

 

 

 

(21.2

)

 

 

(25.8

)

Acquisition, integration, divestiture and related

 

 

 

 

 

 

 

 

 

 

(38.8

)

 

 

(6.6

)

Litigation

 

 

 

 

 

 

 

 

 

 

(9.7

)

 

 

(81.1

)

European Union Medical Device Regulation

 

 

 

 

 

 

 

 

 

 

(17.5

)

 

 

(17.1

)

Certain R&D agreements

 

 

 

 

 

 

 

 

 

 

(65.0

)

 

-

 

Other charges

 

 

 

 

 

 

 

 

 

 

1.9

 

 

 

(17.8

)

Operating profit (loss)

 

 

 

 

 

 

 

 

 

$

486.1

 

 

$

(627.7

)