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Segment Information Selected Statement of Income (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Segment Reporting Information [Line Items]        
Revenue $ 2,388 $ 2,151 $ 6,939 $ 6,331
Cost of sales 701 638 2,012 1,833
Other (income)/deductions—net (16) 6 1 (151)
Income before provision for taxes on income 874 717 2,401 [1] 2,286 [1]
Depreciation and amortization 121 124 374 [1],[2] 365 [1],[2]
Other business activities        
Segment Reporting Information [Line Items]        
Income before provision for taxes on income (137) (124) (411) (354)
Depreciation and amortization 9 9 29 [2] 24 [2]
Operating Segments        
Segment Reporting Information [Line Items]        
Income before provision for taxes on income 1,431 1,237 4,112 3,640
Depreciation and amortization 45 43 138 [2] 125 [2]
Operating Segments | U.S.        
Segment Reporting Information [Line Items]        
Revenue 1,346 1,174 3,817 3,344
Cost of sales 258 228 707 645
Gross profit $ 1,088 $ 946 $ 3,110 $ 2,699
Gross margin, percentage 80.80% 80.60% 81.50% 80.70%
Operating expenses $ 199 $ 202 $ 593 $ 602
Other (income)/deductions—net 0 0 0 0
Income before provision for taxes on income 889 744 2,517 2,097
Depreciation and amortization 20 19 65 [2] 58 [2]
Operating Segments | International        
Segment Reporting Information [Line Items]        
Revenue 1,021 956 3,063 [3] 2,929 [3]
Cost of sales 321 306 976 912
Gross profit $ 700 $ 650 $ 2,087 $ 2,017
Gross margin, percentage 68.60% 68.00% 68.10% 68.90%
Operating expenses $ 157 $ 156 $ 491 $ 473
Other (income)/deductions—net 1 1 1 1
Income before provision for taxes on income 542 493 1,595 1,543
Depreciation and amortization 25 24 73 [2] 67 [2]
Corporate        
Segment Reporting Information [Line Items]        
Income before provision for taxes on income (306) (258) (893) (722)
Depreciation and amortization 31 33 96 [2] 95 [2]
Reconciling Items        
Segment Reporting Information [Line Items]        
Purchase accounting adjustments (35) (39) (107) (124)
Purchase accounting adjustments, Depreciation and Amortization 35 39 107 [2] 118 [2]
Acquisition and divestiture-related costs (7) (3) (12) (8)
Acquisition and divestiture-related costs, Depreciation and Amortization 0 0 0 [2] 0 [2]
Certain significant items, Earnings (1) (23) (77) [4] 45 [4]
Certain significant items, Depreciation and Amortization 0 0 0 [2],[4] 0 [2],[4]
Other unallocated (71) (73) (211) (191)
Other unallocated, Depreciation and Amortization $ 1 $ 0 $ 4 [2] $ 3 [2]
[1] Defined as income before provision for taxes on income.
[2] Certain production facilities are shared. Depreciation and amortization is allocated to the reportable operating segments based on estimates of where the benefits of the related assets are realized.
[3] Revenue denominated in euros was $694 million and $627 million for the nine months ended September 30, 2024 and 2023, respectively.
[4]
For the nine months ended September 30, 2023, primarily consisted of a gain on the sale of a majority interest in our pet insurance business, partially offset by employee termination costs related to organizational structure refinements and certain asset impairment charges related to our precision animal health and diagnostics businesses.