Segment Information

12 Months Ended

Dec. 31, 2014

Segment Information

15. Segment Information

The company’s management considers its business to be a single segment entity—the manufacture and sale of medical devices. The company’s products generally share similar distribution channels and customers. The company designs, develops, manufactures, packages, distributes and sells medical, surgical, diagnostic and patient care devices. The company sells a broad range of products to hospitals, individual healthcare professionals, extended care health facilities and alternate site facilities on a global basis. In general, the company’s products are intended to be used once and then discarded or either temporarily or permanently implanted. The company’s chief operating decision makers evaluate their various global product portfolios on a net sales basis and generally evaluate profitability and associated investment on an enterprise-wide basis due to shared geographic infrastructures.

Net sales based on the location of the external customer and identifiable assets by geographic region for the following years ended December 31 are:

	2014		2013		2012
(dollars in millions)
Net sales
United States	$	2,263.5	$	2,014.1	$	1,967.7
Europe(A)		488.5		474.4		461.8
Japan		164.4		164.0		163.2
Other(A)		407.2		397.0		365.4
	$	3,323.6	$	3,049.5	$	2,958.1

^(A)  Beginning in 2014, certain emerging markets in Europe are included in the “other” geographic region. Prior year amounts have been reclassified to conform to the current year presentation.

Long-lived assets
United States	$	809.0	$	612.5	$	390.5
Europe		56.5		52.3		49.6
Other		23.4		17.6		17.8
	$	888.9	$	682.4	$	457.9

Total net sales by product group category for the following years ended December 31 are:

	2014		2013		2012
(dollars in millions)
Vascular	$	928.3	$	830.0	$	845.0
Urology		835.9		776.6		757.8
Oncology		910.9		857.1		812.4
Surgical Specialties		555.1		499.0		455.1
Other		93.4		86.8		87.8
	$	3,323.6	$	3,049.5	$	2,958.1