Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended |
Sep. 30, 2014 | |
Document and Entity Information | ' |
Document Type | '10-Q |
Amendment Flag | 'false |
Document Period End Date | 30-Sep-14 |
Document Fiscal Year Focus | '2014 |
Document Fiscal Period Focus | 'Q3 |
Trading Symbol | 'SYK |
Entity Registrant Name | 'STRYKER CORP |
Entity Central Index Key | '0000310764 |
Current Fiscal Year End Date | '--12-31 |
Entity Filer Category | 'Large Accelerated Filer |
Entity Common Stock, Shares Outstanding | 378,320,513 |
Consolidated_Statements_Of_Ear
Consolidated Statements Of Earnings (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Net sales | $2,389 | $2,151 | $7,057 | $6,553 |
Cost of sales | 822 | 682 | 2,399 | 2,125 |
Gross profit | 1,567 | 1,469 | 4,658 | 4,428 |
Research, development and engineering expenses | 153 | 136 | 461 | 397 |
Selling, general and administrative expenses | 910 | 1,136 | 3,263 | 3,067 |
Intangible asset amortization | 50 | 34 | 142 | 102 |
Restructuring charges | 4 | 13 | 14 | 36 |
Total operating expenses | 1,117 | 1,319 | 3,880 | 3,602 |
Operating income | 450 | 150 | 778 | 826 |
Other income (expense), net | -25 | -13 | -79 | -45 |
Earnings before income taxes | 425 | 137 | 699 | 781 |
Income taxes | 368 | 34 | 444 | 161 |
Net earnings | $57 | $103 | $255 | $620 |
Net earnings per share of common stock: | ' | ' | ' | ' |
Basic net earnings per share of common stock | $0.16 | $0.27 | $0.68 | $1.64 |
Diluted net earnings per share of common stock | $0.16 | $0.27 | $0.67 | $1.62 |
Weighted-average shares outstanding—in millions: | ' | ' | ' | ' |
Basic | 378.4 | 378.3 | 378.5 | 378.7 |
Net effect of dilutive employee stock options | 4.1 | 3.4 | 4.2 | 3.1 |
Diluted | 382.5 | 381.7 | 382.7 | 381.8 |
Anti-dilutive shares excluded from the calculation of net effect of dilutive employee stock options | 0 | 0 | ' | 1.9 |
Consolidated_Statement_of_Comp
Consolidated Statement of Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Net earnings | $57 | $103 | $255 | $620 |
Marketable Securities | -3 | 3 | 4 | -3 |
Pension Plans | 5 | -3 | 5 | -1 |
Hedges | 5 | 0 | -7 | 0 |
Financial Statement Translation | -312 | 115 | -308 | 21 |
Total other comprehensive income (loss) | -305 | 115 | -306 | 17 |
Comprehensive income | ($248) | $218 | ($51) | $637 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Current assets | ' | ' |
Cash and cash equivalents | $1,356 | $1,339 |
Marketable securities | 3,321 | 2,641 |
Accounts receivable, less allowance of $66 ($72 in 2013) | 1,529 | 1,518 |
Inventories | ' | ' |
Materials and supplies | 257 | 227 |
Work in process | 106 | 85 |
Finished goods | 1,303 | 1,110 |
Total inventories | 1,666 | 1,422 |
Deferred income taxes | 987 | 880 |
Prepaid expenses and other current assets | 467 | 535 |
Total current assets | 9,326 | 8,335 |
Property, plant and equipment | ' | ' |
Land, buildings and improvements | 676 | 686 |
Machinery and equipment | 1,926 | 1,811 |
Total property, plant and equipment | 2,602 | 2,497 |
Less allowance for depreciation | 1,498 | 1,416 |
Net property, plant and equipment | 1,104 | 1,081 |
Other assets | ' | ' |
Goodwill | 4,257 | 3,844 |
Other intangibles, net | 2,108 | 1,989 |
Other | 720 | 494 |
Total assets | 17,515 | 15,743 |
Current liabilities | ' | ' |
Accounts payable | 335 | 314 |
Accrued compensation | 485 | 535 |
Income taxes | 374 | 131 |
Dividend payable | 115 | 115 |
Accrued recall expenses | 1,339 | 772 |
Accrued expenses and other liabilities | 832 | 765 |
Current maturities of debt | 731 | 25 |
Total current liabilities | 4,211 | 2,657 |
Long-term debt, excluding current maturities | 3,231 | 2,739 |
Other liabilities | 1,449 | 1,300 |
Shareholders' equity | ' | ' |
Common stock, $0.10 par value: | 38 | 38 |
Additional paid-in capital | 1,230 | 1,160 |
Retained earnings | 7,430 | 7,617 |
Accumulated other comprehensive income | -74 | 232 |
Total shareholders' equity | 8,624 | 9,047 |
Total liabilities & shareholders' equity | $17,515 | $15,743 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parentheticals) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, except Share data, unless otherwise specified | ||
Accounts receivable, allowance | $66 | $72 |
Common stock, par value | $0.10 | $0.10 |
Common stock, authorized | 1,000 | 1,000 |
Common stock, outstanding | 378 | 378 |
Consolidated_Statement_Of_Shar
Consolidated Statement Of Shareholders' Equity (USD $) | Total | Common Stock | Additional Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Income |
In Millions | |||||
Balances at December 31, 2013 at Dec. 31, 2013 | $9,047 | $38 | $1,160 | $7,617 | $232 |
Net earnings | 255 | ' | ' | 255 | ' |
Other comprehensive loss | -306 | ' | ' | ' | -306 |
Issuance of 1.8 million shares of common stock under stock option and benefit plans, including $6 excess income tax benefit | 16 | ' | 16 | ' | ' |
Repurchase and retirement of 1.3 million shares of common stock | -100 | ' | -4 | -96 | ' |
Share-based compensation | 58 | ' | 58 | ' | ' |
Cash dividends declared of $0.915 per share of common stock | -346 | ' | ' | -346 | ' |
Balances at September 30, 2014 at Sep. 30, 2014 | $8,624 | $38 | $1,230 | $7,430 | ($74) |
Consolidated_Statement_Of_Shar1
Consolidated Statement Of Shareholders' Equity (Parenthetical) (USD $) | 9 Months Ended |
In Millions, except Per Share data, unless otherwise specified | Sep. 30, 2014 |
Issuance of common stock under stock option and benefit plans, shares | 1.8 |
Issuance of common stock under stock option and benefit plans, excess income tax benefit | $6 |
Repurchase and retirement of common stock, shares | 1.3 |
Cash dividends declared, per share of common stock | $0.92 |
Consolidated_Statements_Of_Cas
Consolidated Statements Of Cash Flows (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Operating activities | ' | ' | ' | ' |
Net earnings | $57 | $103 | $255 | $620 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ' | ' | ' | ' |
Depreciation | 47 | 42 | 140 | 123 |
Amortization of intangible assets | 50 | 34 | 142 | 102 |
Share-based compensation | 17 | 19 | 58 | 57 |
Restructuring charges | 4 | 14 | 14 | 38 |
Sale of inventory stepped up to fair value at acquisition | 10 | 8 | 24 | 16 |
Recall accruals | 29 | 313 | 649 | 523 |
Changes in operating assets and liabilities, net of effects of acquisitions: | ' | ' | ' | ' |
Accounts receivable | -65 | 57 | -12 | 46 |
Inventories | -97 | -43 | -217 | -106 |
Accounts payable | 4 | -1 | 15 | -31 |
Accrued expenses and other liabilities | 179 | 68 | 37 | 15 |
Income taxes | 306 | 34 | 169 | -116 |
Other | -6 | -26 | -167 | -73 |
Net cash provided by operating activities | 535 | 622 | 1,107 | 1,214 |
Investing activities | ' | ' | ' | ' |
Acquisitions, net of cash acquired | -368 | -24 | -825 | -686 |
Purchases of marketable securities | -1,038 | -1,160 | -3,635 | -3,777 |
Proceeds from sales of marketable securities | 1,030 | 859 | 2,842 | 2,676 |
Purchases of property, plant and equipment | -48 | -43 | -172 | -139 |
Net cash used in investing activities | -424 | -368 | -1,790 | -1,926 |
Financing activities | ' | ' | ' | ' |
Proceeds from borrowings | 395 | 110 | 2,208 | 1,272 |
Payments on borrowings | -293 | -107 | -1,013 | -258 |
Dividends paid | -115 | -100 | -346 | -301 |
Repurchase and retirement of common stock | -40 | -2 | -100 | -252 |
Other | -14 | -6 | -42 | -8 |
Net cash (used in) provided by financing activities | -67 | -105 | 707 | 453 |
Effect of exchange rate changes on cash and cash equivalents | -7 | -10 | -7 | -26 |
Change in cash and cash equivalents | $37 | $139 | $17 | ($285) |
Basis_Of_Presentation
Basis Of Presentation | 9 Months Ended |
Sep. 30, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | ' |
BASIS OF PRESENTATION | |
General Information | |
These statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2013. Management believes that the accompanying unaudited Consolidated Financial Statements include all adjustments, including normal recurring items, considered necessary for a fair presentation of the interim periods. However, the results of operations included in such financial statements may not necessarily be indicative of annual results. Certain prior year amounts in our Consolidated Statements of Cash Flows and our Segment Information in Note 11 have been reclassified to conform with the presentation used in 2014. | |
Recently Issued Accounting Pronouncements | |
No new accounting pronouncement issued or effective during the year had, or is expected to have, a material impact on the Consolidated Financial Statements. |
Fair_Value_Measurements_Fair_V
Fair Value Measurements Fair Value Measurements (Notes) | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||||||
Fair Value Disclosures [Text Block] | ' | |||||||||||||||||||||||||||
FAIR VALUE MEASUREMENTS | ||||||||||||||||||||||||||||
Assets and liabilities measured at fair value: | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||||||
September | December | September | December | September | December | September | December | |||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
Cash and cash equivalents | $ | 1,356 | $ | 1,339 | $ | 1,356 | $ | 1,339 | $ | — | $ | — | $ | — | $ | — | ||||||||||||
Available-for-sale marketable securities | ||||||||||||||||||||||||||||
Corporate and asset-backed debt securities | 1,614 | 1,177 | — | — | 1,614 | 1,177 | — | — | ||||||||||||||||||||
Foreign government debt securities | 828 | 845 | — | — | 828 | 845 | — | — | ||||||||||||||||||||
United States agency debt securities | 361 | 211 | — | — | 361 | 211 | — | — | ||||||||||||||||||||
United States treasury debt securities | 408 | 350 | — | — | 408 | 350 | — | — | ||||||||||||||||||||
Certificates of deposit | 103 | 53 | — | — | 103 | 53 | — | — | ||||||||||||||||||||
Other | 7 | 5 | — | — | 7 | 5 | — | — | ||||||||||||||||||||
Total available-for-sale marketable securities | 3,321 | 2,641 | — | — | 3,321 | 2,641 | — | — | ||||||||||||||||||||
Trading marketable securities | 77 | 72 | 77 | 72 | — | — | — | — | ||||||||||||||||||||
Foreign currency exchange forward contracts | 21 | 25 | — | — | 21 | 25 | — | — | ||||||||||||||||||||
$ | 4,775 | $ | 4,077 | $ | 1,433 | $ | 1,411 | $ | 3,342 | $ | 2,666 | $ | — | $ | — | |||||||||||||
Liabilities: | ||||||||||||||||||||||||||||
Deferred compensation arrangements | $ | 77 | $ | 72 | $ | 77 | $ | 72 | $ | — | $ | — | $ | — | $ | — | ||||||||||||
Contingent consideration | ||||||||||||||||||||||||||||
Beginning Balance | 59 | 103 | ||||||||||||||||||||||||||
Losses included in earnings | — | (5 | ) | |||||||||||||||||||||||||
Settlements | (14 | ) | (39 | ) | ||||||||||||||||||||||||
Balance at the end of the period | 45 | 59 | — | — | — | — | 45 | 59 | ||||||||||||||||||||
Interest rate swap | 6 | — | — | — | 6 | — | — | — | ||||||||||||||||||||
Foreign currency exchange forward contracts | 23 | 2 | — | — | 23 | 2 | — | — | ||||||||||||||||||||
$ | 151 | $ | 133 | $ | 77 | $ | 72 | $ | 29 | $ | 2 | $ | 45 | $ | 59 | |||||||||||||
Summary of marketable securities: | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Estimated Fair Value | ||||||||||||||||||||||||
September | December | September | December | September | December | September | December | |||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
Available-for-sale marketable securities: | ||||||||||||||||||||||||||||
Corporate and asset-backed debt securities | $ | 1,611 | $ | 1,177 | $ | 4 | $ | 1 | $ | (1 | ) | $ | (1 | ) | $ | 1,614 | $ | 1,177 | ||||||||||
Foreign government debt securities | 826 | 846 | 2 | — | — | (1 | ) | 828 | 845 | |||||||||||||||||||
United States agency debt securities | 361 | 211 | — | — | — | — | 361 | 211 | ||||||||||||||||||||
United States treasury debt securities | 408 | 350 | — | — | — | — | 408 | 350 | ||||||||||||||||||||
Certificates of deposit | 103 | 53 | — | — | — | — | 103 | 53 | ||||||||||||||||||||
Other | 7 | 5 | — | — | — | — | 7 | 5 | ||||||||||||||||||||
Total available-for-sale marketable securities | $ | 3,316 | $ | 2,642 | $ | 6 | $ | 1 | $ | (1 | ) | $ | (2 | ) | 3,321 | 2,641 | ||||||||||||
Trading marketable securities | 77 | 72 | ||||||||||||||||||||||||||
Total marketable securities | $ | 3,398 | $ | 2,713 | ||||||||||||||||||||||||
Reported as: | ||||||||||||||||||||||||||||
Current assets-marketable securities | $ | 3,321 | $ | 2,641 | ||||||||||||||||||||||||
Noncurrent assets-other | 77 | 72 | ||||||||||||||||||||||||||
Available-for-sale marketable securities by contractual maturity: | ||||||||||||||||||||||||||||
Due in one year or less | $ | 532 | $ | 425 | $ | 532 | $ | 424 | ||||||||||||||||||||
Due after one year through three years | 2,468 | 1,989 | 2,473 | 1,989 | ||||||||||||||||||||||||
Due after three years | 316 | 228 | 316 | 228 | ||||||||||||||||||||||||
We calculate the fair value of our Level 1 and Level 2 instruments based on the exchange traded price of similar or identical instruments, where available, or based on other observable inputs taking into account our credit risk and that of our counterparties. Foreign currency exchange contracts and interest rate swaps are included in Level 2 as we use inputs other than quoted prices that are observable for the asset. The Level 2 derivative instruments are primarily valued using standard calculations and models that use readily observable market data as their basis. The fair value of our Level 3 liabilities represents milestone payments for acquisitions and is calculated as the net present value of expected cash flows using a discounted cash flow technique based on externally provided or obtained inputs, including our probability assessments of the occurrence of triggering events, appropriately discounted considering the uncertainties associated with the obligation. We remeasure this liability each reporting period and record the changes in fair value from changes in probability of occurrence in general and administrative expense and the changes in time value of money in other income (expense). During the period we evaluated but did not change our unobservable input assumptions and fair value techniques used in measuring the fair value of any financial assets or liabilities from those disclosed in our Annual Report on Form 10-K for the year ended December 31, 2013. | ||||||||||||||||||||||||||||
There were no significant transfers into or out of any level between December 31, 2013 and September 30, 2014. | ||||||||||||||||||||||||||||
The unrealized losses on available-for-sale marketable securities at September 30, 2014 were primarily caused by increases in yields as a result of the rise in government benchmark rates. Less than 1% of our investments in available-for-sale securities had a credit quality rating of less than A2 (Moody's), A (Standard & Poors) and A (Fitch). We do not intend to sell the investments and it is not more likely than not that we will be required to sell the investments before recovery of their amortized cost basis, which may be maturity; accordingly, we do not consider these investments to be other-than-temporarily impaired at September 30, 2014. | ||||||||||||||||||||||||||||
The gross unrealized losses and fair value of our investments with unrealized losses that are not deemed to be other-than-temporarily impaired, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position at September 30, 2014 are: | ||||||||||||||||||||||||||||
Number of Investments | Fair Value | Unrealized Losses | ||||||||||||||||||||||||||
Less than 12 months | ||||||||||||||||||||||||||||
Corporate and Asset-Backed | 225 | $ | 397 | $ | 1 | |||||||||||||||||||||||
Foreign Government | 45 | 100 | — | |||||||||||||||||||||||||
United States Agency | 37 | 178 | — | |||||||||||||||||||||||||
Other | 86 | 312 | — | |||||||||||||||||||||||||
393 | $ | 987 | $ | 1 | ||||||||||||||||||||||||
Total | ||||||||||||||||||||||||||||
Corporate and Asset-Backed | 233 | $ | 397 | $ | 1 | |||||||||||||||||||||||
Foreign Government | 52 | 194 | — | |||||||||||||||||||||||||
United States Agency | 37 | 178 | — | |||||||||||||||||||||||||
Other | 87 | 312 | — | |||||||||||||||||||||||||
409 | $ | 1,081 | $ | 1 | ||||||||||||||||||||||||
Upon the sale of a security classified as available-for-sale, the security’s specific unrealized gain (loss) is reclassified out of Accumulated Other Comprehensive Income (AOCI) into earnings based on the specific identification method. | ||||||||||||||||||||||||||||
The total of interest and marketable securities income was $10 and $7 for the three months ended September 30, 2014 and 2013, respectively, and $21 and $18 for the nine months ended September 30, 2014 and 2013, respectively, and is included in other income (expense). |
Derivative_Instruments_And_Hed
Derivative Instruments And Hedging Strategies Derivative Instruments and Hedging Strategies (Notes) | 9 Months Ended | ||||||||||||||
Sep. 30, 2014 | |||||||||||||||
Derivative [Line Items] | ' | ||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Text Block] | ' | ||||||||||||||
DERIVATIVE INSTRUMENTS | |||||||||||||||
We use operational and economic hedges as well as foreign currency exchange forward contracts and interest rate derivative instruments to manage the impact of currency exchange on earnings and cash flow. | |||||||||||||||
Cash Flow Hedges | |||||||||||||||
During the period we did not change our hedging strategies or objectives from those disclosed in our Annual Report on Form 10-K for the year ended December 31, 2013. The gross notional, maximum term and gross fair value amounts of foreign exchange forward contract derivatives designated and non-designated as hedging instruments are: | |||||||||||||||
Designated | Non-Designated | Total | |||||||||||||
September 30, 2014 | |||||||||||||||
Gross Notional Amount | $ | 219 | $ | 3,155 | $ | 3,374 | |||||||||
Maximum term in days | 546 | ||||||||||||||
Fair Value | |||||||||||||||
Other Current Assets | $ | 6 | $ | 14 | $ | 20 | |||||||||
Other Assets - Noncurrent | 1 | — | 1 | ||||||||||||
Other Current Liabilities | 1 | 22 | 23 | ||||||||||||
$ | 6 | $ | (8 | ) | $ | (2 | ) | ||||||||
December 31, 2013 | |||||||||||||||
Gross Notional Amount | $ | 344 | $ | 2,000 | $ | 2,344 | |||||||||
Maximum term in days | 546 | ||||||||||||||
Fair Value | |||||||||||||||
Other Current Assets | $ | 11 | $ | 10 | $ | 21 | |||||||||
Other Assets - Noncurrent | 1 | 3 | 4 | ||||||||||||
Other Current Liabilities | 1 | 1 | 2 | ||||||||||||
$ | 11 | $ | 12 | $ | 23 | ||||||||||
We are exposed to credit loss in the event of nonperformance by counterparties on our outstanding forward currency exchange contracts but do not anticipate nonperformance by any of our counterparties. Should a counterparty default, our maximum exposure to loss is the asset balance of the instrument. | |||||||||||||||
The net currency exchange rate gains (losses) for both designated and non-designated derivative instruments were: | |||||||||||||||
Three Months | Nine Months | ||||||||||||||
Recorded in: | 2014 | 2013 | 2014 | 2013 | |||||||||||
Cost of goods sold | $ | (1 | ) | $ | — | $ | 4 | $ | — | ||||||
Other income (expense) | (2 | ) | — | (11 | ) | (3 | ) | ||||||||
Total | $ | (3 | ) | $ | — | $ | (7 | ) | $ | (3 | ) | ||||
At September 30, 2014 and December 31, 2013, pretax gains on derivatives designated as hedges of $2 and $12, which are recorded in AOCI, are expected to be reclassified to earnings during the next twelve months. This reclassification is primarily due to the sale of inventory that includes previously hedged purchases. There have been no ineffective portions of derivatives that have resulted in gains or losses in any period. | |||||||||||||||
Fair Value Hedges | |||||||||||||||
Interest rate derivative instruments designated as fair value hedges are being used to manage the exposure to interest rate movements and to reduce borrowing costs by converting fixed-rate debt into floating-rate debt. Under these agreements, the Company agrees to exchange, at specified intervals, the difference between fixed and floating interest amounts calculated by reference to an agreed-upon notional principal amount. | |||||||||||||||
As of September 30, 2014, we had interest rate swaps in gross notional amounts of $500 designated as fair value hedges of underlying fixed rate obligations representing a portion of our $600 senior unsecured notes due in 2024. The market value of outstanding interest rate swap agreements at September 30, 2014 was a realized loss of $6 which is recorded in other long-term liabilities with an offsetting realized gain of $6 on the fair value of the underlying fixed rate obligation recorded in long-term debt in the consolidated balance sheet. No hedge ineffectiveness was recorded as a result of these fair value hedges for the three and nine months ended September 30, 2014. |
Contingencies
Contingencies | 9 Months Ended |
Sep. 30, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | ' |
Contingencies | ' |
We are involved in various ongoing proceedings, legal actions and claims arising in the normal course of business, including proceedings related to product, labor, intellectual property, and other matters. The outcomes of these matters will generally not be known for prolonged periods of time. In certain of the legal proceedings, the claimants seek damages, as well as other compensatory and equitable relief, that could result in the payment of significant claims and settlements and/or the imposition of injunctions or other equitable relief. For legal matters for which management has sufficient information to reasonably estimate our future obligations, a liability representing management's best estimate of the probable loss, or the minimum of the range of probable losses when a best estimate within the range is not known, for the resolution of these legal matters is recorded. The estimates are based on consultation with legal counsel, previous settlement experience and settlement strategies. If actual outcomes are less favorable than those projected by management, additional expense may be incurred, which could unfavorably affect our future financial position, results of operations and cash flows. We are currently self-insured for product liability-related claims and expenses. The ultimate cost to us with respect to product liability claims could be materially different than the amount of the current estimates and accruals and could have a material adverse effect on our financial position, results of operations and cash flows. | |
In 2010 we received a subpoena from the United States Department of Justice (DOJ) related to the sales and marketing of the OtisKnee device. The subpoena concerns allegations of violations of federal laws related to sales of a device not cleared by the United States Food and Drug Administration (FDA). We continue to discuss the settlement of this matter with the DOJ, but there can be no assurance that we will reach a consensual resolution rather than seeking a resolution through the courts. We have recorded charges totaling $80 related to this matter. | |
In June 2012 we voluntarily recalled our Rejuvenate and ABG II modular-neck hip stems and terminated global distribution of these hip products. We notified healthcare professionals and regulatory bodies of this recall, which was taken due to potential risks associated with fretting and/or corrosion that may lead to adverse local tissue reactions. Product liability lawsuits relating to this voluntary recall have been filed against us. As previously announced, we intend to reimburse implanted patients for reasonable and customary costs of testing and treatment services, including any necessary revision surgeries. We continue to work with the medical community to evaluate the data and further understand this matter. The ultimate total cost with respect to this matter will depend on many factors that are difficult to predict and may vary materially based on the number of and actual costs of patients seeking testing and treatment services, the number of and actual costs of patients requiring revision surgeries, the number of and actual costs to settle lawsuits filed against us, and the amount of third-party insurance recoveries. Based on the information that has been received, the actuarially determined range of probable loss to resolve this matter is estimated to be approximately $1,425 to $2,290 before third-party insurance recoveries that may potentially be recorded. In the three months ended September 30, 2014, we recorded charges to earnings of $25 representing the excess of the $1,425 minimum of the range over the previously recorded reserves. No contingent gain for third-party insurance recoveries was recorded as of September 30, 2014. As noted above, the final outcome of this matter is dependent on many variables that are difficult to predict. The ultimate cost to entirely resolve this matter may be materially different than the amount of the current estimate and accruals and could have a material adverse effect on our financial position, results of operations and cash flows. | |
In 2010 we filed a lawsuit in federal court against Zimmer Holdings, Inc. (Zimmer), alleging that a Zimmer product infringed three of our patents. In rulings issued in August and September 2013, the trial judge upheld the February 2013 jury verdict in our favor, issued a permanent injunction barring Zimmer from making or selling infringing products, and ordered Zimmer to pay us at least $228. Zimmer is appealing this ruling and the ultimate resolution of this matter may differ materially. Accordingly, we have not recorded a contingent gain related to this matter. | |
For each of the following legal matters the final outcome is dependent on many variables and cannot be predicted. Accordingly, it is not possible at this time for us to estimate any material loss or range of losses. However, the ultimate cost to resolve these matters could have a material adverse effect on our financial position, results of operations and cash flows. | |
In April 2011 lawsuits brought by Hill-Rom Company, Inc. and affiliated entities (Hill-Rom) against us were filed in the United States District Court for the Western District of Wisconsin and the United States District Court for the Southern District of Indiana alleging infringement under United States patent laws with respect to certain patient handling equipment we manufactured and sold and seek damages and permanent injunctions. The Wisconsin lawsuit was subsequently transferred to the United States District Court in Indiana and we have entered into an agreement settling that lawsuit on terms as previously disclosed. The second lawsuit involves nine patents related to electrical network communications for hospital beds. The case has been stayed with respect to six of the patents that are currently under reexamination by the United States Patent Office. With respect to the three remaining patents, all of which have now expired, the Court of Appeals for the Federal Circuit reversed the trial court's grant of summary judgment in our favor and remanded the matter to the trial court for further proceedings. With respect to the three remaining patents, all of which have now expired, the Court of Appeals for the Federal Circuit reversed the trial court's grant of summary judgment in our favor and remanded the matter to the trial court for further proceedings. We filed a request with the United States Supreme Court asking that it vacate the Federal Court's decision. The district court has administratively closed the case until the Supreme Court resolves this request. The ultimate resolution of the entire second suit may have no relation to the resolution of the first suit and cannot be predicted; however, the result could have a material adverse effect on our financial position, results of operations and cash flows. | |
In 2010 we received a subpoena from the DOJ related to sales and marketing and regulatory matters related to the Stryker PainPump. We have received requests for certain documents in connection with this investigation. The investigation is ongoing and we are fully cooperating with the DOJ regarding this matter. |
Acquisitions
Acquisitions | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||||||||||
Business Combination Disclosure [Text Block] | ' | ||||||||||||||||||||
ACQUISITIONS | |||||||||||||||||||||
During the quarter we completed our acquisition of assets of Small Bone Innovations, Inc. (SBi) for an aggregate purchase price of approximately $358. SBi products are designed and promoted for upper and lower extremity small bone indications, with a focus on small joint replacement. The acquisition of the assets of SBi enhances our product offerings within our Reconstructive segment. Intangible assets acquired with SBi will be amortized over a weighted-average life of 12 years. | |||||||||||||||||||||
In April 2014 we completed the acquisition of Berchtold Holding, AG (Berchtold) for an aggregate purchase price of approximately $172, net of cash acquired. Berchtold, a privately held business with operating facilities in Germany and the United States, sells surgical infrastructure equipment including surgical tables, equipment booms and surgical lighting systems. The acquisition of Berchtold enhances our product offerings within our MedSurg segment. Intangible assets acquired with Berchtold will be amortized over a weighted-average life of 8 years. | |||||||||||||||||||||
In March 2014 we completed our acquisition of Patient Safety Technologies, Inc. (PST) for an aggregate purchase price of $120. PST conducts its business through its wholly owned subsidiary, SurgiCount Medical, Inc. PST’s proprietary Safety-Sponge® System and SurgiCount 360™ compliance software help prevent Retained Foreign Objects in the operating room. The acquisition of PST enhances our product offerings within our MedSurg segment. Intangible assets acquired with PST will be amortized over a weighted-average life of 14 years. | |||||||||||||||||||||
The acquired net assets of other business acquisitions completed in 2014, including the previously announced acquisition of Pivot Medical, Inc., are in the "Other" column in the table below. | |||||||||||||||||||||
In December 2013 we acquired MAKO Surgical Corp. (MAKO) for an aggregate purchase price of $1,679. The acquisition of MAKO, combined with our strong history in joint reconstruction, capital equipment (operating room integration and surgical navigation) and surgical instruments, will help further advance the growth of robotic arm assisted surgery. Our combined expertise offers the potential to simplify joint reconstruction procedures, reduce variability and enhance the surgeon and patient experience. The acquisition of MAKO enhances our product offerings within our Reconstructive segment. Intangible assets acquired with MAKO will be amortized over a weighted-average life of 9 years, except for the trade name that is deemed to have an indefinite life. In-process research and development (IPRD) is considered to be an indefinite-lived intangible asset until such time as the research is completed (at which time it becomes a determinable-lived intangible asset) or determined to have no future use (at which time it is impaired). | |||||||||||||||||||||
The purchase price allocations for SBi, Berchtold, PST, MAKO and other smaller acquisitions are based upon preliminary valuations, and our estimates and assumptions are subject to change within the measurement period as the valuations are finalized. We are in the process of verifying data and finalizing information related to these acquisitions to finalize the recording of identifiable intangible assets, deferred income taxes and the corresponding effect on the value of goodwill. | |||||||||||||||||||||
The allocation of the purchase prices of each acquisition to the acquired net assets is as follows: | |||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||
SBi | Berchtold | PST | Other | MAKO | |||||||||||||||||
Purchase price paid | $ | 358 | $ | 172 | $ | 120 | $ | 148 | $ | 1,679 | |||||||||||
Tangible assets acquired: | |||||||||||||||||||||
Inventory | 34 | 22 | 7 | 5 | 50 | ||||||||||||||||
Other assets | 4 | 38 | 19 | 25 | 174 | ||||||||||||||||
Liabilities | (2 | ) | (45 | ) | (33 | ) | (32 | ) | (277 | ) | |||||||||||
Intangible assets: | |||||||||||||||||||||
Customer relationship | 19 | 11 | 33 | 4 | 91 | ||||||||||||||||
Trade name | — | 7 | — | — | 24 | ||||||||||||||||
Developed technology & patents | 82 | 32 | 26 | 70 | 231 | ||||||||||||||||
IPRD | — | — | — | 2 | 169 | ||||||||||||||||
Goodwill | 221 | 107 | 68 | 74 | 1,217 | ||||||||||||||||
$ | 358 | $ | 172 | $ | 120 | $ | 148 | $ | 1,679 | ||||||||||||
LongTerm_Debt_and_Credit_Facil
Long-Term Debt and Credit Facilities | 9 Months Ended | ||||||||||
Sep. 30, 2014 | |||||||||||
Long-term Debt, Unclassified [Abstract] | ' | ||||||||||
Long-Term Debt And Credit Facilities | ' | ||||||||||
LONG-TERM DEBT AND CREDIT FACILITIES | |||||||||||
Our debt is as follows: | |||||||||||
30-Sep | 31-Dec | ||||||||||
2014 | 2013 | ||||||||||
Senior unsecured notes: | |||||||||||
Rate | Due | ||||||||||
3.00% | 15-Jan-15 | $ | 500 | $ | 500 | ||||||
2.00% | 30-Sep-16 | 749 | 749 | ||||||||
1.30% | 1-Apr-18 | 598 | 598 | ||||||||
4.38% | 15-Jan-20 | 498 | 498 | ||||||||
3.38% | 15-May-24 | 589 | — | ||||||||
4.10% | 1-Apr-43 | 395 | 394 | ||||||||
4.38% | 15-May-44 | 398 | — | ||||||||
Commercial paper | 199 | — | |||||||||
Other | 36 | 25 | |||||||||
Total debt | 3,962 | 2,764 | |||||||||
Less current maturities | (731 | ) | (25 | ) | |||||||
Total long-term debt | $ | 3,231 | $ | 2,739 | |||||||
In August 2014, we amended and restated our Senior Unsecured Revolving Credit Facility. The principal changes were to increase the aggregate principal amount of the commitments to $1,250, to extend the maturity date to August 22, 2019 and to revise the definition of the consolidated Earnings Before Interest Taxes Depreciation and Amortization (EBITDA) calculation. | |||||||||||
During 2014 we issued commercial paper under the commercial paper program we established in July 2011. The program allows us to have a maximum of $500 in commercial paper outstanding, with maturities up to 397 days from the date of issuance. As of September 30, 2014, outstanding commercial paper totaled $199, the weighted average original maturity of the commercial paper outstanding was approximately 84 days and the weighted average interest rate was 0.24%. | |||||||||||
In May 2014 we sold $600 in senior unsecured notes due 2024 (2024 Notes) and $400 of senior unsecured notes due 2044 (2044 Notes). The 2024 Notes will bear interest at 3.375% per year and, unless previously redeemed, will mature on May 15, 2024. The 2044 Notes will bear interest at 4.375% per year and, unless previously redeemed, will mature on May 15, 2044. | |||||||||||
Certain of our credit facilities require us to comply with financial and other covenants. We were in compliance with all covenants at September 30, 2014. We have lines of credit, issued by various financial institutions, available to fund our day-to-day operating needs. At September 30, 2014, we had $1,098 of borrowing capacity available under all of our existing credit facilities. The weighted average interest rate, excluding required fees, for all borrowings was 2.9% at September 30, 2014. | |||||||||||
At September 30, 2014, the total unamortized debt issuance costs incurred in connection with our outstanding notes were $22. The fair value of long-term debt (including current maturities and excluding the interest rate hedge) at September 30, 2014 and December 31, 2013 was $3,786 and $2,790, respectively, based on the quoted interest rates for similar types and amounts of borrowing agreements. |
Capital_Stock
Capital Stock | 9 Months Ended |
Sep. 30, 2014 | |
Capital Stock Disclosures [Abstract] | ' |
Capital Stock | ' |
CAPITAL STOCK | |
In July 2014 we declared a quarterly dividend of $0.305 per share, payable October 31, 2014 to shareholders of record at the close of business on September 30, 2014. | |
In December of 2012 and 2011, we announced that our Board of Directors had authorized us to purchase up to $405 and $500, respectively, of our common stock (the 2012 and 2011 Repurchase Programs, respectively). The manner, timing and amount of purchases is determined by management based on an evaluation of market conditions, stock price and other factors and is subject to regulatory considerations. Purchases are to be made from time to time in the open market, in privately negotiated transactions or otherwise. | |
During 2014 we have repurchased 1.3 million shares at a cost of $100 under the 2011 Repurchase Program. As of September 30, 2014, the maximum dollar value of shares that may yet be purchased under the 2011 Repurchase Program was $178 and we had not made any repurchases pursuant to the 2012 Repurchase Program. At September 30, 2014, the maximum dollar value of shares that may be purchased under the authorized Repurchase Programs was $583. |
Restructuring_Charges
Restructuring Charges | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Restructuring Charges [Abstract] | ' | ||||||||||||
Restructuring Charges | ' | ||||||||||||
RESTRUCTURING CHARGES | |||||||||||||
In recent years, we have incurred an ongoing annual level of restructuring-type activities to maintain a competitive cost structure, including manufacturing and workforce optimization. The costs incurred under the ongoing program have generally ranged from $50 to $75 annually. The productivity and cost savings plan was designed to accelerate cost reductions by streamlining management decision making, manufacturing and other work processes to help fund our growth strategy. | |||||||||||||
A rollforward of our restructuring liability balance is as follows: | |||||||||||||
Total | Severance and Related Costs | Contractual Obligations and Other | |||||||||||
January 1 Balance | $ | 20 | $ | 10 | $ | 10 | |||||||
Charges to earnings | 14 | 6 | 8 | ||||||||||
Cash paid | (19 | ) | (9 | ) | (10 | ) | |||||||
Other adjustments | 5 | (1 | ) | 6 | |||||||||
September 30 Balance | $ | 20 | $ | 6 | $ | 14 | |||||||
Income_Taxes_Notes
Income Taxes (Notes) | 9 Months Ended |
Sep. 30, 2014 | |
Income Tax Disclosure [Abstract] | ' |
Income Tax Disclosure [Text Block] | ' |
INCOME TAXES | |
Our effective tax rates for the three-month periods were 86.6% and 24.9%, respectively, and 63.5% and 20.7%, respectively, for the nine-month periods. The increase in the effective tax rate for the three-month and nine-month periods was primarily due to recording the tax impacts of the establishment of a European regional headquarters and a cash repatriation to the United States planned for the second half of 2015. The expirations of the United States federal research and development tax credit and certain United States tax code provisions related to the taxation of foreign earnings also increased the effective tax rates. |
Reclassification_Adjustments_O
Reclassification Adjustments Out of Accumulated Other Comprehensive Income (AOCI) (Notes) | 9 Months Ended | |||||||||||||||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | |||||||||||||||||||||||||||||||||||||||
Comprehensive Income (Loss) Note [Text Block] | ' | |||||||||||||||||||||||||||||||||||||||
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (AOCI) | ||||||||||||||||||||||||||||||||||||||||
Changes in and reclassifications out of AOCI in 2014 were as follows: | ||||||||||||||||||||||||||||||||||||||||
Marketable Securities | Pension Plans | Hedges | Financial Statement Translation | Total | ||||||||||||||||||||||||||||||||||||
Three Months | Nine Months | Three Months | Nine Months | Three Months | Nine Months | Three Months | Nine Months | Three Months | Nine Months | |||||||||||||||||||||||||||||||
Beginning balance | $ | 7 | $ | — | $ | (81 | ) | $ | (81 | ) | $ | (5 | ) | $ | 7 | $ | 310 | $ | 306 | $ | 231 | $ | 232 | |||||||||||||||||
Other comprehensive income (loss) (OCI) | — | 11 | 3 | — | 7 | (9 | ) | (312 | ) | (308 | ) | (302 | ) | (306 | ) | |||||||||||||||||||||||||
Income tax expense on OCI | — | (1 | ) | 1 | 1 | (3 | ) | 4 | — | — | (2 | ) | 4 | |||||||||||||||||||||||||||
Reclassifications out of AOCI into: | ||||||||||||||||||||||||||||||||||||||||
Cost of sales | — | — | 1 | 5 | 1 | (4 | ) | — | — | 2 | 1 | |||||||||||||||||||||||||||||
Other (income) expense | (4 | ) | (7 | ) | — | — | — | — | — | — | (4 | ) | (7 | ) | ||||||||||||||||||||||||||
Income tax expense (benefit) | 1 | 1 | — | (1 | ) | — | 2 | — | — | 1 | 2 | |||||||||||||||||||||||||||||
Total other comprehensive income (loss) | (3 | ) | 4 | 5 | 5 | 5 | (7 | ) | (312 | ) | (308 | ) | (305 | ) | (306 | ) | ||||||||||||||||||||||||
Balance at September 30 | $ | 4 | $ | 4 | $ | (76 | ) | $ | (76 | ) | $ | — | $ | — | $ | (2 | ) | $ | (2 | ) | $ | (74 | ) | $ | (74 | ) | ||||||||||||||
Segment_Information
Segment Information | 9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Information | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
SEGMENT INFORMATION | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net sales and net earnings by business segment are as follows: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reconstructive | MedSurg | Neurotechnology and Spine | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months | Nine Months | Three Months | Nine Months | Three Months | Nine Months | Three Months | Nine Months | |||||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||||||||||||||||
Net sales | $ | 1,016 | $ | 936 | $ | 3,043 | $ | 2,858 | $ | 936 | $ | 805 | $ | 2,727 | $ | 2,474 | $ | 437 | $ | 410 | $ | 1,287 | $ | 1,221 | $ | 2,389 | $ | 2,151 | $ | 7,057 | $ | 6,553 | ||||||||||||||||||||||||
Segment net earnings | 259 | 254 | 735 | 718 | 163 | 130 | 459 | 452 | 108 | 79 | 273 | 230 | $ | 530 | $ | 463 | $ | 1,467 | $ | 1,400 | ||||||||||||||||||||||||||||||||||||
Less: other (net of income taxes) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate and other | (91 | ) | (65 | ) | (209 | ) | (179 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition and integration related charges | (17 | ) | (9 | ) | (47 | ) | (41 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of intangible assets | (34 | ) | (25 | ) | (99 | ) | (74 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and related charges | (8 | ) | (15 | ) | (37 | ) | (36 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||
Recall charges | (23 | ) | (245 | ) | (512 | ) | (397 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||
Regulatory matter charges | — | (1 | ) | — | (53 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Tax matters | (300 | ) | — | (308 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
Net earnings | $ | 57 | $ | 103 | $ | 255 | $ | 620 | ||||||||||||||||||||||||||||||||||||||||||||||||
Other than assets associated with the acquisitions that are discussed in greater detail in Note 5, there were no significant changes to total assets by segment from information provided in our Annual Report on Form 10-K for the year ended December 31, 2013. |
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | |||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||
Fair Value Disclosure [Abstract] | ' | |||||||||||||||||||||||||||
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | ' | |||||||||||||||||||||||||||
Assets and liabilities measured at fair value: | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||||||
September | December | September | December | September | December | September | December | |||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
Cash and cash equivalents | $ | 1,356 | $ | 1,339 | $ | 1,356 | $ | 1,339 | $ | — | $ | — | $ | — | $ | — | ||||||||||||
Available-for-sale marketable securities | ||||||||||||||||||||||||||||
Corporate and asset-backed debt securities | 1,614 | 1,177 | — | — | 1,614 | 1,177 | — | — | ||||||||||||||||||||
Foreign government debt securities | 828 | 845 | — | — | 828 | 845 | — | — | ||||||||||||||||||||
United States agency debt securities | 361 | 211 | — | — | 361 | 211 | — | — | ||||||||||||||||||||
United States treasury debt securities | 408 | 350 | — | — | 408 | 350 | — | — | ||||||||||||||||||||
Certificates of deposit | 103 | 53 | — | — | 103 | 53 | — | — | ||||||||||||||||||||
Other | 7 | 5 | — | — | 7 | 5 | — | — | ||||||||||||||||||||
Total available-for-sale marketable securities | 3,321 | 2,641 | — | — | 3,321 | 2,641 | — | — | ||||||||||||||||||||
Trading marketable securities | 77 | 72 | 77 | 72 | — | — | — | — | ||||||||||||||||||||
Foreign currency exchange forward contracts | 21 | 25 | — | — | 21 | 25 | — | — | ||||||||||||||||||||
$ | 4,775 | $ | 4,077 | $ | 1,433 | $ | 1,411 | $ | 3,342 | $ | 2,666 | $ | — | $ | — | |||||||||||||
Liabilities: | ||||||||||||||||||||||||||||
Deferred compensation arrangements | $ | 77 | $ | 72 | $ | 77 | $ | 72 | $ | — | $ | — | $ | — | $ | — | ||||||||||||
Contingent consideration | ||||||||||||||||||||||||||||
Beginning Balance | 59 | 103 | ||||||||||||||||||||||||||
Losses included in earnings | — | (5 | ) | |||||||||||||||||||||||||
Settlements | (14 | ) | (39 | ) | ||||||||||||||||||||||||
Balance at the end of the period | 45 | 59 | — | — | — | — | 45 | 59 | ||||||||||||||||||||
Interest rate swap | 6 | — | — | — | 6 | — | — | — | ||||||||||||||||||||
Foreign currency exchange forward contracts | 23 | 2 | — | — | 23 | 2 | — | — | ||||||||||||||||||||
$ | 151 | $ | 133 | $ | 77 | $ | 72 | $ | 29 | $ | 2 | $ | 45 | $ | 59 | |||||||||||||
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | ' | |||||||||||||||||||||||||||
Summary of marketable securities: | Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Estimated Fair Value | ||||||||||||||||||||||||
September | December | September | December | September | December | September | December | |||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||
Available-for-sale marketable securities: | ||||||||||||||||||||||||||||
Corporate and asset-backed debt securities | $ | 1,611 | $ | 1,177 | $ | 4 | $ | 1 | $ | (1 | ) | $ | (1 | ) | $ | 1,614 | $ | 1,177 | ||||||||||
Foreign government debt securities | 826 | 846 | 2 | — | — | (1 | ) | 828 | 845 | |||||||||||||||||||
United States agency debt securities | 361 | 211 | — | — | — | — | 361 | 211 | ||||||||||||||||||||
United States treasury debt securities | 408 | 350 | — | — | — | — | 408 | 350 | ||||||||||||||||||||
Certificates of deposit | 103 | 53 | — | — | — | — | 103 | 53 | ||||||||||||||||||||
Other | 7 | 5 | — | — | — | — | 7 | 5 | ||||||||||||||||||||
Total available-for-sale marketable securities | $ | 3,316 | $ | 2,642 | $ | 6 | $ | 1 | $ | (1 | ) | $ | (2 | ) | 3,321 | 2,641 | ||||||||||||
Trading marketable securities | 77 | 72 | ||||||||||||||||||||||||||
Total marketable securities | $ | 3,398 | $ | 2,713 | ||||||||||||||||||||||||
Reported as: | ||||||||||||||||||||||||||||
Current assets-marketable securities | $ | 3,321 | $ | 2,641 | ||||||||||||||||||||||||
Noncurrent assets-other | 77 | 72 | ||||||||||||||||||||||||||
Investments Classified by Contractual Maturity Date [Table Text Block] | ' | |||||||||||||||||||||||||||
Available-for-sale marketable securities by contractual maturity: | ||||||||||||||||||||||||||||
Due in one year or less | $ | 532 | $ | 425 | $ | 532 | $ | 424 | ||||||||||||||||||||
Due after one year through three years | 2,468 | 1,989 | 2,473 | 1,989 | ||||||||||||||||||||||||
Due after three years | 316 | 228 | 316 | 228 | ||||||||||||||||||||||||
Schedule of Unrealized Loss on Investments [Table Text Block] | ' | |||||||||||||||||||||||||||
Number of Investments | Fair Value | Unrealized Losses | ||||||||||||||||||||||||||
Less than 12 months | ||||||||||||||||||||||||||||
Corporate and Asset-Backed | 225 | $ | 397 | $ | 1 | |||||||||||||||||||||||
Foreign Government | 45 | 100 | — | |||||||||||||||||||||||||
United States Agency | 37 | 178 | — | |||||||||||||||||||||||||
Other | 86 | 312 | — | |||||||||||||||||||||||||
393 | $ | 987 | $ | 1 | ||||||||||||||||||||||||
Total | ||||||||||||||||||||||||||||
Corporate and Asset-Backed | 233 | $ | 397 | $ | 1 | |||||||||||||||||||||||
Foreign Government | 52 | 194 | — | |||||||||||||||||||||||||
United States Agency | 37 | 178 | — | |||||||||||||||||||||||||
Other | 87 | 312 | — | |||||||||||||||||||||||||
409 | $ | 1,081 | $ | 1 | ||||||||||||||||||||||||
Recovered_Sheet1
Derivative Instruments and Hedging Strategies (Tables) | 9 Months Ended | ||||||||||||||
Sep. 30, 2014 | |||||||||||||||
Derivative Instruments, Gain (Loss) [Line Items] | ' | ||||||||||||||
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block] | ' | ||||||||||||||
Three Months | Nine Months | ||||||||||||||
Recorded in: | 2014 | 2013 | 2014 | 2013 | |||||||||||
Cost of goods sold | $ | (1 | ) | $ | — | $ | 4 | $ | — | ||||||
Other income (expense) | (2 | ) | — | (11 | ) | (3 | ) | ||||||||
Total | $ | (3 | ) | $ | — | $ | (7 | ) | $ | (3 | ) | ||||
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | ' | ||||||||||||||
Designated | Non-Designated | Total | |||||||||||||
September 30, 2014 | |||||||||||||||
Gross Notional Amount | $ | 219 | $ | 3,155 | $ | 3,374 | |||||||||
Maximum term in days | 546 | ||||||||||||||
Fair Value | |||||||||||||||
Other Current Assets | $ | 6 | $ | 14 | $ | 20 | |||||||||
Other Assets - Noncurrent | 1 | — | 1 | ||||||||||||
Other Current Liabilities | 1 | 22 | 23 | ||||||||||||
$ | 6 | $ | (8 | ) | $ | (2 | ) | ||||||||
December 31, 2013 | |||||||||||||||
Gross Notional Amount | $ | 344 | $ | 2,000 | $ | 2,344 | |||||||||
Maximum term in days | 546 | ||||||||||||||
Fair Value | |||||||||||||||
Other Current Assets | $ | 11 | $ | 10 | $ | 21 | |||||||||
Other Assets - Noncurrent | 1 | 3 | 4 | ||||||||||||
Other Current Liabilities | 1 | 1 | 2 | ||||||||||||
$ | 11 | $ | 12 | $ | 23 | ||||||||||
Acquisitions_Tables
Acquisitions (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2014 | |||||||||||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||||||||||
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | ' | ||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||
SBi | Berchtold | PST | Other | MAKO | |||||||||||||||||
Purchase price paid | $ | 358 | $ | 172 | $ | 120 | $ | 148 | $ | 1,679 | |||||||||||
Tangible assets acquired: | |||||||||||||||||||||
Inventory | 34 | 22 | 7 | 5 | 50 | ||||||||||||||||
Other assets | 4 | 38 | 19 | 25 | 174 | ||||||||||||||||
Liabilities | (2 | ) | (45 | ) | (33 | ) | (32 | ) | (277 | ) | |||||||||||
Intangible assets: | |||||||||||||||||||||
Customer relationship | 19 | 11 | 33 | 4 | 91 | ||||||||||||||||
Trade name | — | 7 | — | — | 24 | ||||||||||||||||
Developed technology & patents | 82 | 32 | 26 | 70 | 231 | ||||||||||||||||
IPRD | — | — | — | 2 | 169 | ||||||||||||||||
Goodwill | 221 | 107 | 68 | 74 | 1,217 | ||||||||||||||||
$ | 358 | $ | 172 | $ | 120 | $ | 148 | $ | 1,679 | ||||||||||||
LongTerm_Debt_and_Credit_Facil1
Long-Term Debt and Credit Facilities (Tables) | 9 Months Ended | ||||||||||
Sep. 30, 2014 | |||||||||||
Long-term Debt, Unclassified [Abstract] | ' | ||||||||||
Maturities Of Long-Term Debt Disclosures | ' | ||||||||||
30-Sep | 31-Dec | ||||||||||
2014 | 2013 | ||||||||||
Senior unsecured notes: | |||||||||||
Rate | Due | ||||||||||
3.00% | 15-Jan-15 | $ | 500 | $ | 500 | ||||||
2.00% | 30-Sep-16 | 749 | 749 | ||||||||
1.30% | 1-Apr-18 | 598 | 598 | ||||||||
4.38% | 15-Jan-20 | 498 | 498 | ||||||||
3.38% | 15-May-24 | 589 | — | ||||||||
4.10% | 1-Apr-43 | 395 | 394 | ||||||||
4.38% | 15-May-44 | 398 | — | ||||||||
Commercial paper | 199 | — | |||||||||
Other | 36 | 25 | |||||||||
Total debt | 3,962 | 2,764 | |||||||||
Less current maturities | (731 | ) | (25 | ) | |||||||
Total long-term debt | $ | 3,231 | $ | 2,739 | |||||||
Restructuring_Charges_Tables
Restructuring Charges (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2014 | |||||||||||||
Restructuring Charges [Abstract] | ' | ||||||||||||
Restructuring Charges | ' | ||||||||||||
Total | Severance and Related Costs | Contractual Obligations and Other | |||||||||||
January 1 Balance | $ | 20 | $ | 10 | $ | 10 | |||||||
Charges to earnings | 14 | 6 | 8 | ||||||||||
Cash paid | (19 | ) | (9 | ) | (10 | ) | |||||||
Other adjustments | 5 | (1 | ) | 6 | |||||||||
September 30 Balance | $ | 20 | $ | 6 | $ | 14 | |||||||
Reclassification_Adjustments_O1
Reclassification Adjustments Out of Accumulated Other Comprehensive Income (AOCI) (Tables) | 9 Months Ended | |||||||||||||||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | |||||||||||||||||||||||||||||||||||||||
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | ' | |||||||||||||||||||||||||||||||||||||||
Marketable Securities | Pension Plans | Hedges | Financial Statement Translation | Total | ||||||||||||||||||||||||||||||||||||
Three Months | Nine Months | Three Months | Nine Months | Three Months | Nine Months | Three Months | Nine Months | Three Months | Nine Months | |||||||||||||||||||||||||||||||
Beginning balance | $ | 7 | $ | — | $ | (81 | ) | $ | (81 | ) | $ | (5 | ) | $ | 7 | $ | 310 | $ | 306 | $ | 231 | $ | 232 | |||||||||||||||||
Other comprehensive income (loss) (OCI) | — | 11 | 3 | — | 7 | (9 | ) | (312 | ) | (308 | ) | (302 | ) | (306 | ) | |||||||||||||||||||||||||
Income tax expense on OCI | — | (1 | ) | 1 | 1 | (3 | ) | 4 | — | — | (2 | ) | 4 | |||||||||||||||||||||||||||
Reclassifications out of AOCI into: | ||||||||||||||||||||||||||||||||||||||||
Cost of sales | — | — | 1 | 5 | 1 | (4 | ) | — | — | 2 | 1 | |||||||||||||||||||||||||||||
Other (income) expense | (4 | ) | (7 | ) | — | — | — | — | — | — | (4 | ) | (7 | ) | ||||||||||||||||||||||||||
Income tax expense (benefit) | 1 | 1 | — | (1 | ) | — | 2 | — | — | 1 | 2 | |||||||||||||||||||||||||||||
Total other comprehensive income (loss) | (3 | ) | 4 | 5 | 5 | 5 | (7 | ) | (312 | ) | (308 | ) | (305 | ) | (306 | ) | ||||||||||||||||||||||||
Balance at September 30 | $ | 4 | $ | 4 | $ | (76 | ) | $ | (76 | ) | $ | — | $ | — | $ | (2 | ) | $ | (2 | ) | $ | (74 | ) | $ | (74 | ) | ||||||||||||||
Segment_Information_Tables
Segment Information (Tables) | 9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sep. 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting [Abstract] | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sales and Other Financial Information by Business Segment | ' | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reconstructive | MedSurg | Neurotechnology and Spine | Total | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Three Months | Nine Months | Three Months | Nine Months | Three Months | Nine Months | Three Months | Nine Months | |||||||||||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2013 | |||||||||||||||||||||||||||||||||||||||||
Net sales | $ | 1,016 | $ | 936 | $ | 3,043 | $ | 2,858 | $ | 936 | $ | 805 | $ | 2,727 | $ | 2,474 | $ | 437 | $ | 410 | $ | 1,287 | $ | 1,221 | $ | 2,389 | $ | 2,151 | $ | 7,057 | $ | 6,553 | ||||||||||||||||||||||||
Segment net earnings | 259 | 254 | 735 | 718 | 163 | 130 | 459 | 452 | 108 | 79 | 273 | 230 | $ | 530 | $ | 463 | $ | 1,467 | $ | 1,400 | ||||||||||||||||||||||||||||||||||||
Less: other (net of income taxes) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Corporate and other | (91 | ) | (65 | ) | (209 | ) | (179 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||
Acquisition and integration related charges | (17 | ) | (9 | ) | (47 | ) | (41 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||
Amortization of intangible assets | (34 | ) | (25 | ) | (99 | ) | (74 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and related charges | (8 | ) | (15 | ) | (37 | ) | (36 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||
Recall charges | (23 | ) | (245 | ) | (512 | ) | (397 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||
Regulatory matter charges | — | (1 | ) | — | (53 | ) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Tax matters | (300 | ) | — | (308 | ) | — | ||||||||||||||||||||||||||||||||||||||||||||||||||
Net earnings | $ | 57 | $ | 103 | $ | 255 | $ | 620 | ||||||||||||||||||||||||||||||||||||||||||||||||
Fair_Value_Measurements_Narrat
Fair Value Measurements (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Investment Income, Nonoperating | $10 | $7 | $21 | $18 |
Asset-backed Securities [Member] | Moody's, A2 Rating [Member] | ' | ' | ' | ' |
Percentage Of Company's Investments With Credit Quality Rating Less Than Single A And A2 | ' | ' | 1.00% | ' |
Asset-backed Securities [Member] | Fitch, A Rating [Member] | ' | ' | ' | ' |
Percentage Of Company's Investments With Credit Quality Rating Less Than Single A And A2 | ' | ' | 1.00% | ' |
Fair_Value_Measurements_Valuat
Fair Value Measurements (Valuation Of Financial Instruments By Pricing Categories) (Details) (USD $) | 9 Months Ended | 12 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Cash and Cash Equivalents, Fair Value Disclosure | $1,356 | $1,339 | ' |
Investments, Fair Value Disclosure | 4,775 | 4,077 | ' |
Derivative Asset | 21 | 25 | ' |
Liabilities: | 77 | 72 | ' |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 45 | 59 | ' |
Liabilities, Fair Value Disclosure, Recurring | 151 | 133 | ' |
Available-for-sale Securities [Member] | ' | ' | ' |
Investments, Fair Value Disclosure | 3,321 | 2,641 | ' |
Available-for-sale Securities [Member] | Corporate and asset-backed debt securities | ' | ' | ' |
Investments, Fair Value Disclosure | 1,614 | 1,177 | ' |
Available-for-sale Securities [Member] | Foreign Government Debt Securities [Member] | ' | ' | ' |
Investments, Fair Value Disclosure | 828 | 845 | ' |
Available-for-sale Securities [Member] | US Government Agencies Debt Securities [Member] | ' | ' | ' |
Investments, Fair Value Disclosure | 361 | 211 | ' |
Available-for-sale Securities [Member] | US Treasury Securities [Member] | ' | ' | ' |
Investments, Fair Value Disclosure | 408 | 350 | ' |
Available-for-sale Securities [Member] | Certificates of Deposit [Member] | ' | ' | ' |
Investments, Fair Value Disclosure | 103 | 53 | ' |
Available-for-sale Securities [Member] | Other Security Investments [Member] | ' | ' | ' |
Investments, Fair Value Disclosure | 7 | 5 | ' |
Trading Securities [Member] | ' | ' | ' |
Investments, Fair Value Disclosure | 77 | 72 | ' |
Fair Value, Inputs, Level 1 [Member] | ' | ' | ' |
Cash and Cash Equivalents, Fair Value Disclosure | 1,356 | 1,339 | ' |
Investments, Fair Value Disclosure | 1,433 | 1,411 | ' |
Liabilities: | 77 | 72 | ' |
Liabilities, Fair Value Disclosure, Recurring | 77 | 72 | ' |
Fair Value, Inputs, Level 1 [Member] | Trading Securities [Member] | ' | ' | ' |
Investments, Fair Value Disclosure | 77 | 72 | ' |
Fair Value, Inputs, Level 2 [Member] | ' | ' | ' |
Cash and Cash Equivalents, Fair Value Disclosure | 0 | 0 | ' |
Investments, Fair Value Disclosure | 3,342 | 2,666 | ' |
Derivative Asset | 21 | 25 | ' |
Liabilities, Fair Value Disclosure, Recurring | 29 | 2 | ' |
Fair Value, Inputs, Level 2 [Member] | Available-for-sale Securities [Member] | ' | ' | ' |
Investments, Fair Value Disclosure | 3,321 | 2,641 | ' |
Fair Value, Inputs, Level 2 [Member] | Available-for-sale Securities [Member] | Corporate and asset-backed debt securities | ' | ' | ' |
Investments, Fair Value Disclosure | 1,614 | 1,177 | ' |
Fair Value, Inputs, Level 2 [Member] | Available-for-sale Securities [Member] | Foreign Government Debt Securities [Member] | ' | ' | ' |
Investments, Fair Value Disclosure | 828 | 845 | ' |
Fair Value, Inputs, Level 2 [Member] | Available-for-sale Securities [Member] | US Government Agencies Debt Securities [Member] | ' | ' | ' |
Investments, Fair Value Disclosure | 361 | 211 | ' |
Fair Value, Inputs, Level 2 [Member] | Available-for-sale Securities [Member] | US Treasury Securities [Member] | ' | ' | ' |
Investments, Fair Value Disclosure | 408 | 350 | ' |
Fair Value, Inputs, Level 2 [Member] | Available-for-sale Securities [Member] | Certificates of Deposit [Member] | ' | ' | ' |
Investments, Fair Value Disclosure | 103 | 53 | ' |
Fair Value, Inputs, Level 2 [Member] | Available-for-sale Securities [Member] | Other Security Investments [Member] | ' | ' | ' |
Investments, Fair Value Disclosure | 7 | 5 | ' |
Fair Value, Inputs, Level 3 [Member] | ' | ' | ' |
Cash and Cash Equivalents, Fair Value Disclosure | 0 | 0 | ' |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 45 | 59 | 103 |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset and Liability, Gain (Loss) Included in Earnings | ' | 5 | ' |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset and Liability, Settlements | 14 | 39 | ' |
Liabilities, Fair Value Disclosure, Recurring | 45 | 59 | ' |
Interest Rate Swap [Member] | ' | ' | ' |
Derivative Liability | 6 | ' | ' |
Interest Rate Swap [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ' |
Derivative Liability | 6 | ' | ' |
Foreign Exchange [Member] | ' | ' | ' |
Derivative Liability | 23 | 2 | ' |
Foreign Exchange [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' | ' |
Derivative Liability | $23 | $2 | ' |
Fair_Value_Measurements_Assets
Fair Value Measurements (Assets and Liabilities Measured At Fair Value On A Recurring Basis Using Unobservable Inputs (Level 3)) (Details) (USD $) | 9 Months Ended | 12 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 |
Estimated Fair Value | $3,398 | $2,713 |
Available-for-sale Securities [Member] | ' | ' |
Available-for-sale Securities, Amortized Cost Basis | 3,316 | 2,642 |
Available-for-sale Securities, Gross Unrealized Gain | 6 | 1 |
Available-for-sale Securities, Gross Unrealized Loss | 1 | 2 |
Estimated Fair Value | 3,321 | 2,641 |
Available-for-sale Securities [Member] | Asset-backed Securities [Member] | ' | ' |
Available-for-sale Securities, Amortized Cost Basis | 1,611 | 1,177 |
Available-for-sale Securities, Gross Unrealized Gain | 4 | 1 |
Available-for-sale Securities, Gross Unrealized Loss | 1 | 1 |
Estimated Fair Value | 1,614 | 1,177 |
Available-for-sale Securities [Member] | Foreign Government Debt Securities [Member] | ' | ' |
Available-for-sale Securities, Amortized Cost Basis | 826 | 846 |
Available-for-sale Securities, Gross Unrealized Gain | 2 | ' |
Available-for-sale Securities, Gross Unrealized Loss | 0 | 1 |
Estimated Fair Value | 828 | 845 |
Available-for-sale Securities [Member] | US Government Agencies Debt Securities [Member] | ' | ' |
Available-for-sale Securities, Amortized Cost Basis | 361 | 211 |
Available-for-sale Securities, Gross Unrealized Gain | 0 | 0 |
Available-for-sale Securities, Gross Unrealized Loss | 0 | ' |
Estimated Fair Value | 361 | 211 |
Available-for-sale Securities [Member] | US Treasury Securities [Member] | ' | ' |
Available-for-sale Securities, Amortized Cost Basis | 408 | 350 |
Available-for-sale Securities, Gross Unrealized Gain | 0 | ' |
Estimated Fair Value | 408 | 350 |
Available-for-sale Securities [Member] | Certificates of Deposit [Member] | ' | ' |
Available-for-sale Securities, Amortized Cost Basis | 103 | 53 |
Available-for-sale Securities, Gross Unrealized Gain | 0 | 0 |
Available-for-sale Securities, Gross Unrealized Loss | ' | 0 |
Estimated Fair Value | 103 | 53 |
Available-for-sale Securities [Member] | Other Security Investments [Member] | ' | ' |
Available-for-sale Securities, Amortized Cost Basis | 7 | 5 |
Available-for-sale Securities, Gross Unrealized Gain | 0 | ' |
Available-for-sale Securities, Gross Unrealized Loss | ' | 0 |
Estimated Fair Value | 7 | 5 |
Trading Securities [Member] | ' | ' |
Estimated Fair Value | 77 | 72 |
Available-for-sale Securities [Member] | ' | ' |
Estimated Fair Value | 3,321 | 2,641 |
Other Assets [Member] | ' | ' |
Estimated Fair Value | $77 | $72 |
Fair_Value_Measurements_Market
Fair Value Measurements (Marketable Securities) (Details) (USD $) | 9 Months Ended | 12 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 |
Estimated Fair Value | $3,398 | $2,713 |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Amortized Cost Basis | 532 | 425 |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value | 532 | 424 |
Available for sale Securities, Debt Maturities, After One Through Three Years, Amortized Cost | 2,468 | 1,989 |
Available for sale Securities, Debt Maturities, After One Through Three Years, Fair Value | 2,473 | 1,989 |
Available for sale Securities, Debt Maturities, After Three Years, Amortized Cost | 316 | 228 |
Available for sale Securities, Debt Maturities, After Three Years, Fair Value | 316 | 228 |
Other Assets [Member] | ' | ' |
Estimated Fair Value | 77 | 72 |
Available-for-sale Securities [Member] | ' | ' |
Estimated Fair Value | 3,321 | 2,641 |
Available-for-sale Securities [Member] | ' | ' |
Available-for-sale Securities, Amortized Cost Basis | 3,316 | 2,642 |
Available-for-sale Securities, Gross Unrealized Gain | 6 | 1 |
Available-for-sale Securities, Gross Unrealized Loss | -1 | -2 |
Estimated Fair Value | 3,321 | 2,641 |
Available-for-sale Securities [Member] | Asset-backed Securities [Member] | ' | ' |
Available-for-sale Securities, Amortized Cost Basis | 1,611 | 1,177 |
Available-for-sale Securities, Gross Unrealized Gain | 4 | 1 |
Available-for-sale Securities, Gross Unrealized Loss | -1 | -1 |
Estimated Fair Value | 1,614 | 1,177 |
Available-for-sale Securities [Member] | Foreign Government Debt Securities [Member] | ' | ' |
Available-for-sale Securities, Amortized Cost Basis | 826 | 846 |
Available-for-sale Securities, Gross Unrealized Gain | 2 | ' |
Available-for-sale Securities, Gross Unrealized Loss | 0 | -1 |
Estimated Fair Value | 828 | 845 |
Available-for-sale Securities [Member] | US Government Agencies Debt Securities [Member] | ' | ' |
Available-for-sale Securities, Amortized Cost Basis | 361 | 211 |
Available-for-sale Securities, Gross Unrealized Gain | 0 | 0 |
Available-for-sale Securities, Gross Unrealized Loss | 0 | ' |
Estimated Fair Value | 361 | 211 |
Available-for-sale Securities [Member] | US Treasury Securities [Member] | ' | ' |
Available-for-sale Securities, Amortized Cost Basis | 408 | 350 |
Available-for-sale Securities, Gross Unrealized Gain | 0 | ' |
Estimated Fair Value | 408 | 350 |
Available-for-sale Securities [Member] | Certificates of Deposit [Member] | ' | ' |
Available-for-sale Securities, Amortized Cost Basis | 103 | 53 |
Available-for-sale Securities, Gross Unrealized Gain | 0 | 0 |
Available-for-sale Securities, Gross Unrealized Loss | ' | 0 |
Estimated Fair Value | 103 | 53 |
Available-for-sale Securities [Member] | Other Security Investments [Member] | ' | ' |
Available-for-sale Securities, Amortized Cost Basis | 7 | 5 |
Available-for-sale Securities, Gross Unrealized Gain | 0 | ' |
Available-for-sale Securities, Gross Unrealized Loss | ' | 0 |
Estimated Fair Value | 7 | 5 |
Trading Securities [Member] | ' | ' |
Estimated Fair Value | $77 | $72 |
Fair_Value_Measurements_Net_Ca
Fair Value Measurements (Net Carrying Value And Estimated Fair Value Of Available-For-Sale Marketable Securities) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Fair Value Disclosures [Abstract] | ' | ' |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Amortized Cost Basis | $532 | $425 |
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value | 532 | 424 |
Available for sale Securities, Debt Maturities, After One Through Three Years, Amortized Cost | 2,468 | 1,989 |
Available for sale Securities, Debt Maturities, After One Through Three Years, Fair Value | 2,473 | 1,989 |
Available for sale Securities, Debt Maturities, After Three Years, Amortized Cost | 316 | 228 |
Available for sale Securities, Debt Maturities, After Three Years, Fair Value | $316 | $228 |
Fair_Value_Measurements_Unreal
Fair Value Measurements (Unrealized Losses And Fair Value Of Investments With Unrealized Losses) (Details) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2014 |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less than One Year | 393 |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 409 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | $987 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 1,081 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | 1 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | 1 |
Asset-backed Securities [Member] | ' |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less than One Year | 225 |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 233 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 397 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 397 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss | 1 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | 1 |
Foreign Government Debt Securities [Member] | ' |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less than One Year | 45 |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 52 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 100 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 194 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss | 0 |
US Government Agencies Debt Securities [Member] | ' |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less than One Year | 37 |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 37 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 178 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | 178 |
Other Debt Obligations [Member] | ' |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less than One Year | 86 |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 87 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value | 312 |
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | $312 |
Derivative_Instruments_and_Hed1
Derivative Instruments and Hedging Strategies (Narrative) (Details) (USD $) | 12 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 9 Months Ended | 3 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Sep. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 |
Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Foreign Exchange Contract [Member] | Interest Rate Swap [Member] | Senior Unsecured Notes 3.375% due 2024 [Member] | Other Noncurrent Liabilities [Member] | Long-term Debt [Member] | ||
Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Interest Rate Swap [Member] | |||||
Notional Amount | ' | $3,374 | $2,344 | $219 | $344 | $500 | ' | ' | ' |
Foreign currency transaction losses | ' | ' | ' | ' | ' | ' | ' | 6 | -6 |
Maximum Term (Days) | '546 days | '546 days | '546 days | ' | ' | ' | ' | ' | ' |
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | ' | ' | ' | 2 | 12 | ' | ' | ' | ' |
Senior Unsecured Notes | ' | ' | ' | ' | ' | ' | $600 | ' | ' |
Derivative_Instruments_and_Hed2
Derivative Instruments and Hedging Strategies (Forward Currency Exchange Contracts) (Details) (USD $) | 9 Months Ended | 12 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 |
Derivative [Line Items] | ' | ' |
Maximum Term (Days) | ' | '546 days |
Foreign Exchange Contract [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Notional Amount | $3,374 | $2,344 |
Maximum Term (Days) | '546 days | '546 days |
Derivative, Fair Value, Net | -2 | 23 |
Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Notional Amount | 219 | 344 |
Derivative, Fair Value, Net | 6 | 11 |
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Notional Amount | 3,155 | 2,000 |
Derivative, Fair Value, Net | -8 | 12 |
Other Current Assets | Foreign Exchange Contract [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Derivative Asset, Fair Value, Gross Asset | 20 | 21 |
Other Current Assets | Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Derivative Asset, Fair Value, Gross Asset | 6 | 11 |
Other Current Assets | Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Derivative Asset, Fair Value, Gross Asset | 14 | 10 |
Other Noncurrent Assets [Member] | Foreign Exchange Contract [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Derivative Asset, Fair Value, Gross Asset | 1 | 4 |
Other Noncurrent Assets [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Derivative Asset, Fair Value, Gross Asset | 1 | 1 |
Other Noncurrent Assets [Member] | Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Derivative Asset, Fair Value, Gross Asset | 0 | 3 |
Other Current Liabilities | Foreign Exchange Contract [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Derivative Liability, Fair Value, Gross Liability | 23 | 2 |
Other Current Liabilities | Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Derivative Liability, Fair Value, Gross Liability | 1 | 1 |
Other Current Liabilities | Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | ' | ' |
Derivative [Line Items] | ' | ' |
Derivative Liability, Fair Value, Gross Liability | $22 | $1 |
Recovered_Sheet2
Derivative Instruments And Hedging Strategies Derivative Instruments and Hedging Strategies (Income Statement Location) (Details) (Foreign Exchange Contract [Member], Not Designated as Hedging Instrument [Member], USD $) | 3 Months Ended | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Foreign Currency Transaction Gain (Loss), before Tax | ($3) | ($7) | ($3) |
Cost of Sales [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Foreign Currency Transaction Gain (Loss), before Tax | -1 | 4 | ' |
Other Income (expense) [Member] | ' | ' | ' |
Derivative Instruments, Gain (Loss) [Line Items] | ' | ' | ' |
Foreign Currency Transaction Gain (Loss), before Tax | ($2) | ($11) | ($3) |
Contingencies_Narrative_Detail
Contingencies (Narrative) (Details) (USD $) | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2013 |
In Millions, unless otherwise specified | Rejuvenate and ABG II Voluntary Recall [Member] | Electrical Network Communications, Hospital Beds [Member] | Patents Under Reexamination [Member] | Number of Remaining Patents [Member] | Minimum [Member] | Maximum [Member] | Zimmer Product Infringement [Member] | |
patent | patent | patent | Rejuvenate and ABG II Voluntary Recall [Member] | Rejuvenate and ABG II Voluntary Recall [Member] | ||||
Loss Contingency Accrual, at Carrying Value | $80 | ' | ' | ' | ' | ' | ' | ' |
Loss Contingency, Estimate of Possible Loss | ' | ' | ' | ' | ' | 1,425 | 2,290 | ' |
Loss Contingency, Damages Awarded, Value | ' | ' | ' | ' | ' | ' | ' | '228 |
Estimated Litigation Liability | ' | $25 | ' | ' | ' | ' | ' | ' |
Loss Contingency, Number of Patents | ' | ' | 9 | 6 | 3 | ' | ' | ' |
Acquisitions_Narrative_Details
Acquisitions (Narrative) (Details) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2014 |
Small Bone Innovations [Member] | ' |
Business Acquisition [Line Items] | ' |
Intangible assets: | $358 |
Berchtold | ' |
Business Acquisition [Line Items] | ' |
Intangible assets: | 172 |
PST | ' |
Business Acquisition [Line Items] | ' |
Intangible assets: | 120 |
MAKO | ' |
Business Acquisition [Line Items] | ' |
Intangible assets: | 1,679 |
Customer relationship | Small Bone Innovations [Member] | ' |
Business Acquisition [Line Items] | ' |
Tangible assets acquired: | '12 years |
Intangible assets: | 19 |
Customer relationship | Berchtold | ' |
Business Acquisition [Line Items] | ' |
Tangible assets acquired: | '8 years |
Intangible assets: | 11 |
Customer relationship | PST | ' |
Business Acquisition [Line Items] | ' |
Tangible assets acquired: | '14 years |
Intangible assets: | 33 |
Customer relationship | MAKO | ' |
Business Acquisition [Line Items] | ' |
Tangible assets acquired: | '9 years |
Intangible assets: | $91 |
Acquisitions_Acquisitions_Allo
Acquisitions Acquisitions (Allocation Of The Preliminary Purchase Price To The Acquired Net Assets Of The Trauson Acquisition (Details) (USD $) | Sep. 30, 2014 |
In Millions, unless otherwise specified | |
Small Bone Innovations [Member] | ' |
Purchase price paid | $358 |
Inventory | 34 |
Other assets | 4 |
Liabilities | -2 |
Intangible assets: | 358 |
Goodwill | 221 |
Berchtold | ' |
Purchase price paid | 172 |
Inventory | 22 |
Other assets | 38 |
Liabilities | -45 |
Intangible assets: | 172 |
Goodwill | 107 |
PST | ' |
Purchase price paid | 120 |
Inventory | 7 |
Other assets | 19 |
Liabilities | -33 |
Intangible assets: | 120 |
Goodwill | 68 |
Other | ' |
Purchase price paid | 148 |
Inventory | 5 |
Other assets | 25 |
Liabilities | -32 |
Goodwill | 74 |
MAKO | ' |
Purchase price paid | 1,679 |
Inventory | 50 |
Other assets | 174 |
Liabilities | -277 |
Intangible assets: | 1,679 |
Goodwill | 1,217 |
Customer relationship | Small Bone Innovations [Member] | ' |
Intangible assets: | 19 |
Customer relationship | Berchtold | ' |
Intangible assets: | 11 |
Customer relationship | PST | ' |
Intangible assets: | 33 |
Customer relationship | Other | ' |
Intangible assets: | 4 |
Customer relationship | MAKO | ' |
Intangible assets: | 91 |
Trade name | Small Bone Innovations [Member] | ' |
Intangible assets: | 0 |
Trade name | Berchtold | ' |
Intangible assets: | 7 |
Trade name | PST | ' |
Intangible assets: | 0 |
Trade name | Other | ' |
Intangible assets: | 0 |
Trade name | MAKO | ' |
Intangible assets: | 24 |
Developed technology & patents | Small Bone Innovations [Member] | ' |
Intangible assets: | 82 |
Developed technology & patents | Berchtold | ' |
Intangible assets: | 32 |
Developed technology & patents | PST | ' |
Intangible assets: | 26 |
Developed technology & patents | Other | ' |
Intangible assets: | 70 |
Developed technology & patents | MAKO | ' |
Intangible assets: | 231 |
IPRD | Small Bone Innovations [Member] | ' |
Intangible assets: | 0 |
IPRD | Berchtold | ' |
Intangible assets: | 0 |
IPRD | PST | ' |
Intangible assets: | 0 |
IPRD | Other | ' |
Intangible assets: | 2 |
IPRD | MAKO | ' |
Intangible assets: | $169 |
LongTerm_Debt_and_Credit_Facil2
Long-Term Debt and Credit Facilities (Narrative) (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2014 | Dec. 31, 2013 |
Line of Credit Facility, Maximum Borrowing Capacity | $1,250 | ' |
Debt Instrument, Maturity | '397 days | ' |
Commercial Paper, at Carrying Value | 199 | ' |
Commercial Paper, weighted average interest rate | 0.24% | ' |
Line of Credit Facility, Remaining Borrowing Capacity | 1,098 | ' |
Long-term debt, weighted-average interest rate | 2.90% | ' |
Unamortized Debt Issuance Expense | 22 | ' |
Debt Instrument, Fair Value Disclosure | 3,786 | 2,790 |
3.00% senior unsecured notes, due January 15, 2015 | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 3.00% | ' |
Senior Unsecured Notes 2.00% due 2016 [Member] | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 2.00% | ' |
1.30% senior unsecured notes, due April 1, 2018 | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 1.30% | ' |
4.375% senior unsecured notes, due January 15, 2020 | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 4.38% | ' |
Senior Unsecured Notes 3.375% due 2024 [Member] | ' | ' |
Senior Unsecured Notes | 600 | ' |
Debt Instrument, Interest Rate, Stated Percentage | 3.38% | ' |
4.10% senior unsecured notes, due April 1, 2043 | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 4.10% | ' |
4.375% senior unsecured notes due 2044 [Member] | ' | ' |
Senior Unsecured Notes | 400 | ' |
Debt Instrument, Interest Rate, Stated Percentage | 4.38% | ' |
Commercial paper | ' | ' |
Commercial paper | 199 | 0 |
Debt Instrument, Maturity | '84 days | ' |
Maximum [Member] | Commercial paper | ' | ' |
Commercial paper | $500 | ' |
LongTerm_Debt_and_Credit_Facil3
Long-Term Debt and Credit Facilities (Maturities Of Long-Term Debt Disclosures) (Details) (USD $) | Sep. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Other | $36 | $25 |
Total debt | 3,962 | 2,764 |
Less current maturities | -731 | -25 |
Total long-term debt | 3,231 | 2,739 |
3.00% senior unsecured notes, due January 15, 2015 | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 3.00% | ' |
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months | 500 | 500 |
Senior Unsecured Notes 2.00% due 2016 [Member] | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 2.00% | ' |
Senior unsecured notes repayable in year three | 749 | 749 |
1.30% senior unsecured notes, due April 1, 2018 | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 1.30% | ' |
Senior unsecured notes repayable in year four | 598 | 598 |
4.375% senior unsecured notes, due January 15, 2020 | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 4.38% | ' |
Senior unsecured notes repayable after year five | 498 | 498 |
Senior Unsecured Notes 3.375% due 2024 [Member] | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 3.38% | ' |
Senior unsecured notes repayable after year five | 589 | 0 |
4.10% senior unsecured notes, due April 1, 2043 | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 4.10% | ' |
Senior unsecured notes repayable after year five | 395 | 394 |
4.375% senior unsecured notes due 2044 [Member] | ' | ' |
Debt Instrument, Interest Rate, Stated Percentage | 4.38% | ' |
Senior unsecured notes repayable after year five | 398 | 0 |
Commercial paper | ' | ' |
Commercial paper | $199 | $0 |
LongTerm_Debt_and_Credit_Facil4
Long-Term Debt and Credit Facilities Long-Term Debt and Credit Facilities (Parentheticals) (Details) | Sep. 30, 2014 |
3.00% senior unsecured notes, due January 15, 2015 | ' |
Debt Instrument, Interest Rate, Stated Percentage | 3.00% |
2.00% senior unsecured notes, due September 30, 2016 | ' |
Debt Instrument, Interest Rate, Stated Percentage | 2.00% |
1.30% senior unsecured notes, due April 1, 2018 | ' |
Debt Instrument, Interest Rate, Stated Percentage | 1.30% |
4.375% senior unsecured notes, due January 15, 2020 | ' |
Debt Instrument, Interest Rate, Stated Percentage | 4.38% |
3.375% senior unsecured notes due 2024 [Member] | ' |
Debt Instrument, Interest Rate, Stated Percentage | 3.38% |
4.10% senior unsecured notes, due April 1, 2043 | ' |
Debt Instrument, Interest Rate, Stated Percentage | 4.10% |
4.375% senior unsecured notes due 2044 [Member] | ' |
Debt Instrument, Interest Rate, Stated Percentage | 4.38% |
Capital_Stock_Narrative_Detail
Capital Stock (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 9 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2014 | Dec. 31, 2012 | Sep. 30, 2014 | Dec. 31, 2011 |
2012 $405.0 Million Repurchase Agreement [Member] | 2011 $500.0 Million Repurchase Agreement [Member] | 2011 $500.0 Million Repurchase Agreement [Member] | |||
Cash dividends declared, per share of common stock | $0.31 | $0.92 | ' | ' | ' |
Stock Repurchase Program, Authorized Amount | ' | ' | $405 | ' | $500 |
Stock Repurchased and Retired During Period, Shares | ' | 1.3 | ' | 1.3 | ' |
Repurchase and retirement of 1.3 million shares of common stock | ' | 100 | ' | 0 | ' |
Stock Repurchase Program, Remaining Authorized Repurchase Amount | $583 | $583 | ' | $178 | ' |
Restructuring_Charges_Narrativ
Restructuring Charges (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Restructuring charges | $4 | $14 | $14 | $38 |
Cash paid | 50 | ' | ' | ' |
Historical Restructuring Cost Per Year, Maximum | 75 | ' | ' | ' |
Severance and Related Costs | ' | ' | ' | ' |
Restructuring charges | ' | ' | 6 | ' |
Contractual Obligations and Other | ' | ' | ' | ' |
Restructuring charges | ' | ' | $8 | ' |
Company_Recorded_Restructuring
Company Recorded Restructuring Charges (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
January 1 Balance | ' | ' | $20 | ' |
Charges to earnings | 4 | 14 | 14 | 38 |
Cash paid | ' | ' | -19 | ' |
Other adjustments | ' | ' | 5 | ' |
September 30 Balance | 20 | ' | 20 | ' |
Severance and Related Costs | ' | ' | ' | ' |
January 1 Balance | ' | ' | 10 | ' |
Charges to earnings | ' | ' | 6 | ' |
Cash paid | ' | ' | -9 | ' |
Other adjustments | ' | ' | -1 | ' |
September 30 Balance | 6 | ' | 6 | ' |
Contractual Obligations and Other | ' | ' | ' | ' |
January 1 Balance | ' | ' | 10 | ' |
Charges to earnings | ' | ' | 8 | ' |
Cash paid | ' | ' | -10 | ' |
Other adjustments | ' | ' | 6 | ' |
September 30 Balance | $14 | ' | $14 | ' |
Income_Taxes_Details
Income Taxes (Details) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 | |
Effective Tax Rate [Abstract] | ' | ' | ' | ' |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 86.60% | 24.90% | 63.50% | 20.70% |
Reclassification_Adjustments_O2
Reclassification Adjustments Out of Accumulated Other Comprehensive Income (AOCI) Reclassification Adjustments Out of Accumulated Other Comprehensive Income (AOCI) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax | $231 | ' | $232 | ' |
Other comprehensive income (OCI) | -302 | ' | -306 | ' |
Income taxes | 368 | 34 | 444 | 161 |
Other comprehensive loss | -305 | 115 | -306 | 17 |
Accumulated Other Comprehensive Income (Loss), Net of Tax | -74 | ' | -74 | ' |
Marketable Securities | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax | 7 | ' | ' | ' |
Other comprehensive income (OCI) | 0 | ' | 11 | ' |
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax | 0 | ' | -1 | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax | 4 | ' | 4 | ' |
Pension Plans | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax | -81 | ' | -81 | ' |
Other comprehensive income (OCI) | 3 | ' | 0 | ' |
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax | 1 | ' | 1 | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax | -76 | ' | -76 | ' |
Hedges | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax | -5 | ' | 7 | ' |
Other comprehensive income (OCI) | 7 | ' | -9 | ' |
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax | -3 | ' | 4 | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax | 0 | ' | 0 | ' |
Financial Statement Translation | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax | 310 | ' | 306 | ' |
Other comprehensive income (OCI) | -312 | ' | -308 | ' |
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax | 0 | ' | 0 | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax | -2 | ' | -2 | ' |
Accumulated Other Comprehensive Income | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Tax | -2 | ' | 4 | ' |
Other comprehensive loss | ' | ' | -306 | ' |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Income taxes | 1 | ' | 2 | ' |
Other comprehensive loss | -305 | ' | -306 | ' |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Marketable Securities | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Income taxes | 1 | ' | 1 | ' |
Other comprehensive loss | -3 | ' | 4 | ' |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Pension Plans | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Income taxes | 0 | ' | -1 | ' |
Other comprehensive loss | 5 | ' | 5 | ' |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Hedges | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Income taxes | 0 | ' | 2 | ' |
Other comprehensive loss | 5 | ' | -7 | ' |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Financial Statement Translation | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Income taxes | 0 | ' | 0 | ' |
Other comprehensive loss | -312 | ' | -308 | ' |
Cost of Sales [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 2 | ' | 1 | ' |
Cost of Sales [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Marketable Securities | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, before Tax | 0 | ' | 0 | ' |
Cost of Sales [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Pension Plans | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Gain (Loss), before Tax | 1 | ' | 5 | ' |
Cost of Sales [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Hedges | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax | 1 | ' | -4 | ' |
Cost of Sales [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Financial Statement Translation | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax | 0 | ' | 0 | ' |
Other Income (expense) [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | -4 | ' | -7 | ' |
Other Income (expense) [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Marketable Securities | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax | -4 | ' | -7 | ' |
Other Income (expense) [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Pension Plans | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Tax | 0 | ' | 0 | ' |
Other Income (expense) [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Hedges | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax | 0 | ' | 0 | ' |
Other Income (expense) [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Financial Statement Translation | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax | $0 | ' | $0 | ' |
Segment_Information_Sales_And_
Segment Information (Sales And Other Financial Information By Business Segment) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Net sales | $2,389 | $2,151 | $7,057 | $6,553 |
Segment net earnings | 450 | 150 | 778 | 826 |
Acquisition and integration related charges | 17 | 9 | 47 | 41 |
Amortization of intangible assets | -34 | -25 | -99 | -74 |
Restructuring and related charges | -8 | -15 | -37 | -36 |
Recall charges | -23 | -245 | -512 | -397 |
Regulatory matter charges | ' | -1 | ' | -53 |
Tax matters | -300 | ' | -308 | ' |
Net earnings | 57 | 103 | 255 | 620 |
Reconstructive | ' | ' | ' | ' |
Net sales | 1,016 | 936 | 3,043 | 2,858 |
Segment net earnings | 259 | 254 | 735 | 718 |
MedSurg | ' | ' | ' | ' |
Net sales | 936 | 805 | 2,727 | 2,474 |
Segment net earnings | 163 | 130 | 459 | 452 |
Neurotechnology and Spine | ' | ' | ' | ' |
Net sales | 437 | 410 | 1,287 | 1,221 |
Segment net earnings | 108 | 79 | 273 | 230 |
Operating Segments [Member] | ' | ' | ' | ' |
Net sales | 2,389 | 2,151 | 7,057 | 6,553 |
Segment net earnings | 530 | 463 | 1,467 | 1,400 |
Corporate and Other [Member] | ' | ' | ' | ' |
Segment net earnings | ($91) | ($65) | ($209) | ($179) |