Restructuring Related Activities (Tables)

12 Months Ended

Dec. 31, 2021

Restructuring and Related Cost [Line Items]

Impact of restructuring costs on the accompanying financial statements

The following presents the restructuring and restructuring-related net charges (credits) by major type and line item within our accompanying consolidated statements of operations (in millions):

Year Ended December 31, 2021	Termination Benefits		Transfer Costs		Other		Total
Restructuring charges	$	20	$	—	$	20	$	40
Restructuring-related expenses:
Cost of products sold	—		79		—		79
Selling, general and administrative expenses	—		—		72		72
Research and development expenses	—		—		—		—
	—		79		72		151
	$	20	$	79	$	92	$	191

Year Ended December 31, 2020	Termination Benefits		Transfer Costs		Other		Total
Restructuring charges	$	27	$	—	$	24	$	52
Restructuring-related expenses:
Cost of products sold	—		64		—		64
Selling, general and administrative expenses	—		—		51		51
Research and development expenses	—		—		4		4
	$	—	$	64	$	55	$	119
	$	27	$	64	$	79	$	171

Year Ended December 31, 2019	Termination Benefits		Transfer Costs		Other		Total
Restructuring charges	$	38	$	—	$	—	$	38
Restructuring-related expenses:
Cost of products sold	—		32		—		32
Selling, general and administrative expenses	—		—		13		13
	—		32		13		44
	$	38	$	32	$	13	$	82

Cumulative Restructuring Charges [Text Block]

The following table presents cumulative restructuring and restructuring-related net charges incurred as of December 31, 2021, related to our ongoing Restructuring Plans by major type:

(in millions)	2016 Restructuring Plan		2019 Restructuring Plan		Total
Termination benefits	$	86	$	59	$	145
Other(1)	21		44		64
Total restructuring charges	106		102		209
Transfer costs	126		166		292
Other(2)	39		82		121
Restructuring-related charges	164		249		413
	$	271	$	351	$	622

(1)    Consists primarily of consulting fees and costs associated with contract cancellations.

(2)    Comprised of other costs directly related to our Restructuring Plans, including program management, accelerated depreciation, and fixed asset write-offs.

Amount Of Cash Paid In Period To Fully Or Partially Settle Specified Type Of Restructuring Cost [Text Block]

Cumulative cash payments associated with our ongoing Restructuring Plans were made using cash generated from operations and are comprised of the following:

(in millions)	2016 Restructuring Plan		2019 Restructuring Plan		Total
Termination benefits	$	89	$	35	$	123
Transfer costs	125		156		281
Other	41		72		114
	$	255	$	263	$	517

LOTUS Discontinuation

On November 17, 2020, we announced a global, voluntary recall of all unused inventory of our LOTUS Edge™ Aortic Valve System, and our decision to retire the entire LOTUS™ Valve platform. We recorded restructuring and restructuring-related net charges associated with the product discontinuation of $20 million in 2021 and $55 million in 2020, which are included in the tables above for the year ended December 31, 2021 and December 31, 2020. The restructuring activities were completed in 2021 and resulted in total pre-tax restructuring and restructuring-related net charges of approximately $80 million.

In addition, during 2020 we recorded $119 million of inventory charges within Cost of products sold and $8 million of Intangible asset impairment charges associated with the product discontinuation.

2019 Restructuring Plan [Member]

Restructuring and Related Cost [Line Items]

Impact of restructuring costs on the accompanying financial statements

The following table provides a summary of our estimates of total pre-tax charges associated with the 2019 Restructuring Plan, by major type of cost, of which approximately $375 million to $475 million are expected to result in cash outlays:

Type of Cost (in millions)	Total Estimated Amount Expected to be Incurred
Restructuring charges:
Termination benefits	$75	-	$100
Other(1)	25	-	50
Restructuring-related expenses:
Other(2)	325	-	375
	$425	-	$525

(1)    Consists primarily of consulting fees and costs associated with contractual cancellations.

(2)    Comprised of other costs directly related to the restructuring program, including program management, accelerated depreciation, fixed asset write-offs, and costs to transfer product lines among facilities.

2016 Restructuring Plan [Member]

Restructuring and Related Cost [Line Items]

Impact of restructuring costs on the accompanying financial statements

The following table provides a summary of total pre-tax charges associated with the 2016 Restructuring Plan by major type of cost, of which approximately $255 million resulted in cash outlays:

Type of cost (in millions)	Total Amount Incurred
Restructuring charges:
Termination benefits	$	86
Other(1)	21
Restructuring-related expenses:
Other(2)	164
	$	271

(1)    Consists primarily of consulting fees and costs associated with contract cancellations.

(2)    Comprised of other costs directly related to the 2016 Restructuring Plan, including program management, accelerated depreciation, fixed asset write-offs and costs to transfer product lines among facilities.