Background, Nature of Business and Basis of Presentation - Additional Information (Details) $ in Millions |
12 Months Ended | ||||
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Dec. 15, 2023
USD ($)
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Mar. 01, 2022 |
Dec. 31, 2023
Segment
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Dec. 31, 2022 |
Feb. 01, 2023 |
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Percentage of Common Stock Shares Outstanding | 80.30% | ||||
Number of Operating Segments | Segment | 2 | ||||
Consideration by Buyer HIG | $ 315 | ||||
Consideration as promissory note | $ 60 | ||||
Promissory note, interest rate | 10.00% | ||||
Affiliate of H.I.G. Capital | |||||
Total consideration | $ 375 | ||||
Zimmer Biomet | |||||
Percentage of Common Stock Shares Outstanding | 80.30% | ||||
Zim Vie Inc | |||||
Percentage of Common Stock Shares Outstanding | 19.70% | ||||
Percentage of ownership sold | 19.70% |
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- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of tangible or intangible assets, including a business or subsidiary of the acquirer transferred by the entity to the former owners of the acquiree. Excludes cash. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Equity Method Investment Ownership Percentage Sold No definition available.
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- Definition Percentage of common stock shares outstanding No definition available.
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