Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Reconciliation of Segment Information to Total Consolidated Information

Presented in the table below is segment information for the periods identified and a reconciliation of segment information to total consolidated information.

	Net Sales				Segment Profitability
	Three Months Ended September 30,				Three Months Ended September 30,
(In millions)	2023		2022		2023		2022
Reportable Segments:
Developed Markets	$	2,408.5	$	2,431.5	$	1,087.0	$	1,236.3
Greater China	548.4		574.0		354.6		403.5
JANZ	334.5		383.0		125.4		163.6
Emerging Markets	642.5		678.9		273.6		330.5
Total reportable segments	$	3,933.9	$	4,067.4	$	1,840.6	$	2,133.9
Reconciling items:
Intangible asset amortization expense					(584.0)		(615.9)
Globally managed research and development costs					(211.2)		(174.9)
Acquired IPR&D					(1.0)		—
Litigation settlements & other contingencies					26.1		3.9
Transaction related and other special items					(207.3)		(239.1)
Corporate and other unallocated					(411.5)		(547.8)
Earnings from operations					$	451.7	$	560.1

	Net Sales				Segment Profitability
	Nine months ended September 30,				Nine months ended September 30,
(In millions)	2023		2022		2023		2022
Reportable Segments:
Developed Markets	$	6,932.7	$	7,386.7	$	3,085.4	$	3,703.1
Greater China	1,645.1		1,695.4		1,098.6		1,214.0
JANZ	1,052.2		1,233.9		387.5		496.0
Emerging Markets	1,932.5		2,035.0		863.5		976.8
Total reportable segments	$	11,562.5	$	12,351.0	$	5,435.0	$	6,389.9
Reconciling items:
Intangible asset amortization expense					(1,778.5)		(1,898.1)
Intangible asset disposal & impairment charges					(32.0)		—
Globally managed research and development costs					(602.4)		(479.8)
Acquired IPR&D					(11.2)		—
Litigation settlements & other contingencies					36.5		(13.2)
Transaction related and other special items					(620.4)		(651.8)
Corporate and other unallocated					(1,206.4)		(1,530.8)
Earnings from operations					$	1,220.7	$	1,816.2