SEGMENT AND GEOGRAPHIC INFORMATION (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Net Sales

The Company’s segment information for the years ended December 31 was as follows:

Net Sales	Year Ended December 31,
(in millions)	2023		2022		2021
Connected Technology Solutions	$	1,169	$	1,219	$	1,348
Essential Dental Solutions	1,468		1,427		1,516
Orthodontic and Implant Solutions	1,040		1,006		1,064
Wellspect Healthcare	288		270		303
Total net sales	$	3,965	$	3,922	$	4,231

Schedule of Depreciation and Amortization

Depreciation and Amortization	Year Ended December 31,
(in millions)	2023		2022		2021
Connected Technology Solutions	$	176	$	172	$	185
Essential Dental Solutions	33		31		41
Orthodontic and Implant Solutions	97		90		83
Wellspect Healthcare	18		21		24
All Other (a)	19		14		14
Total	$	343	$	328	$	347

(a) Includes amounts recorded at corporate headquarters.

Schedule of Segment Adjusted Operating Income

Segment Adjusted Operating Income	Year Ended December 31,
(in millions)	2023		2022		2021
Connected Technology Solutions	$	101	$	161	$	267
Essential Dental Solutions	478		467		511
Orthodontic and Implant Solutions	156		193		217
Wellspect Healthcare	87		73		87
Segment adjusted operating income	$	822	$	894	$	1,082
Reconciling items (income) expense:
All other (a)	319		318		229
Goodwill and intangible asset impairments	307		1,287		—
Restructuring and other costs	67		14		17
Interest expense, net	81		65		49
Other expense (income), net	9		53		14
Amortization of intangible assets	211		209		222
Depreciation resulting from the fair value step-up of property, plant, and equipment from business combinations	3		3		6
(Loss) income before income taxes	$	(175)	$	(1,055)	$	545

(a) Includes the results of unassigned corporate headquarters costs.

Schedule of Net Sales and Long Lived Assets by Geographic Location

The following tables set forth information about the Company’s significant operations by geographic areas, for the years ended December 31, 2023, 2022, and 2021. Net sales reported below represent revenues from external customers in those respective countries based on the destination of shipments.

	Year Ended December 31,
(in millions)	2023		2022		2021
Net sales
United States	$	1,437	$	1,393	$	1,484
Germany	431		447		482
Other Foreign	2,097		2,082		2,265
Total net sales	$	3,965	$	3,922	$	4,231

Property, plant and equipment, net, represents those long-lived assets held by the operating businesses located in the respective geographic areas.

	Year Ended December 31,
(in millions)	2023		2022		2021
Property, plant, and equipment, net
United States	$	194	$	174	$	166
Germany	260		275		309
Sweden	105		98		107
Other Foreign	241		214		191
Total property, plant, and equipment, net	$	800	$	761	$	773

Schedules of Concentration Risk

Customers that accounted for 10% or more of net sales or accounts receivable for the years ended December 31, 2023 and 2022 were as follows:

	Year Ended December 31,
	2023				2022
	% of net sales		% of accounts receivable		% of net sales		% of accounts receivable
Henry Schein, Inc.	14	%	11	%	11	%	15	%
Patterson Companies, Inc.	N/A		10	%	N/A		12	%