Business And Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Useful Lives Of Depreciable Assets

The provision for depreciation has been computed principally by the straight-line method based on the estimated useful lives of the depreciable assets as follows:

Category	Useful Life
Buildings	30 years
Leased assets and leasehold improvements	Amortized over the lesser of the economic life of the asset or the term of the lease
Machinery and equipment	3 – 10 years
Customer-leased instruments	5 – 7 years

The classes of property, plant and equipment as of December 31 are summarized as follows ($ in millions):

	2020		2019
Land and improvements	$	192	$	149
Buildings	1,522		954
Machinery and equipment	2,881		2,194
Customer-leased equipment	1,849		1,766
Gross property, plant and equipment	6,444		5,063
Less: accumulated depreciation	3,182		2,761
Property, plant and equipment, net	$	3,262	$	2,302

Schedule of Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)—Accumulated other comprehensive income (loss) refers to certain gains and losses that under U.S. GAAP are included in comprehensive income (loss) but are excluded from net earnings as these amounts are initially recorded as an adjustment to stockholders’ equity. Foreign currency translation adjustments are generally not adjusted for income taxes as they relate to indefinite investments in non-U.S. subsidiaries. The changes in accumulated other comprehensive income (loss) by component are summarized below ($ in millions). Foreign currency translation adjustments generally relate to indefinite investments in non-U.S. subsidiaries, as well as the impact from the Company’s hedges of its net investment in foreign operations, including the Company’s cross-currency swap derivatives, net of any tax impacts.

	Foreign Currency Translation Adjustments			Pension and Postretirement Plan Benefit Adjustments			Unrealized Gain (Loss) on Available-For-Sale Securities		Cash Flow Hedge Adjustments			Total
Balance, January 1, 2018	$	(1,466)		$	(678)		$	(1)	$	—		$	(2,145)
Other comprehensive income (loss) before reclassifications:
Decrease	(632)			(45)			(1)		—			(678)
Income tax impact	—			9			—		—			9
Other comprehensive income (loss) before reclassifications, net of income taxes	(632)			(36)			(1)		—			(669)
Amounts reclassified from accumulated other comprehensive income (loss):
Increase	—			30		(a)	—		—			30
Income tax impact	—			(7)			—		—			(7)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	—			23			—		—			23
Net current period other comprehensive income (loss), net of income taxes	(632)			(13)			(1)		—			(646)
Balance, December 31, 2018	(2,098)			(691)			(2)		—			(2,791)
Other comprehensive income (loss) before reclassifications:
(Decrease) increase	(178)			(149)			2		(149)			(474)
Income tax impact	(6)			32			(1)		9			34
Other comprehensive income (loss) before reclassifications, net of income taxes	(184)			(117)			1		(140)			(440)
Amounts reclassified from accumulated other comprehensive income (loss):
Increase	109		(c)	36		(a)	—		27		(b)	172
Income tax impact	—			(9)			—		—			(9)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	109			27			—		27			163
Net current period other comprehensive income (loss), net of income taxes	(75)			(90)			1		(113)			(277)
Balance, December 31, 2019	(2,173)			(781)			(1)		(113)			(3,068)
Other comprehensive income (loss) before reclassifications:
Increase (decrease)	2,893			(239)			1		(432)			2,223
Income tax impact	25			57			—		—			82
Other comprehensive income (loss) before reclassifications, net of income taxes	2,918			(182)			1		(432)			2,305
Amounts reclassified from accumulated other comprehensive income (loss):
Increase	—			46		(a)	—		361		(b)	407
Income tax impact	—			(11)			—		(1)			(12)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	—			35			—		360			395
Net current period other comprehensive income (loss), net of income taxes	2,918			(147)			1		(72)			2,700
Balance, December 31, 2020	$	745		$	(928)		$	—	$	(185)		$	(368)

(a)    This accumulated other comprehensive income (loss) component is included in the computation of net periodic pension and postretirement cost (refer to Notes 13 and 14 for additional details).

(b)    Reflects reclassification to earnings related to remeasurement of certain long-term debt (refer to Note 12 for additional details).

(c)    Reflects reclassification to earnings related to the Envista Disposition (refer to Note 4 for additional details).