Stryker (SYK) 10-Q 22 Jul 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2016shares
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	SYK
Entity Registrant Name	STRYKER CORP
Entity Central Index Key	310,764
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	374,302,065

Consolidated Statements Of Earn

Consolidated Statements Of Earnings (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Net sales	$ 2,840	$ 2,432	$ 5,335	$ 4,811
Cost of sales	998	827	1,799	1,653
Gross profit	1,842	1,605	3,536	3,158
Research, development and engineering expenses	183	154	342	306
Selling, general and administrative expenses	1,043	861	1,987	1,753
Recall charges	28	112	47	166
Intangible asset amortization	88	49	141	98
Total operating expenses	1,342	1,176	2,517	2,323
Operating income	500	429	1,019	835
Other income (expense), net	(67)	(28)	(105)	(57)
Earnings before income taxes	433	401	914	778
Income taxes	53	9	132	162
Net earnings	$ 380	$ 392	$ 782	$ 616
Net earnings per share of common stock:
Basic net earnings per share of common stock	$ 1.02	$ 1.04	$ 2.09	$ 1.63
Diluted net earnings per share of common stock	$ 1	$ 1.03	$ 2.07	$ 1.61
Weighted-average shares outstanding:
Basic	374.2	377	373.7	377.9
Effect of dilutive employee stock options	4.3	4.1	4.3	4.3
Diluted	378.5	381.1	378	382.2
Anti-dilutive shares excluded from the calculation of net effect of dilutive employee stock options	0	0	0	0

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
Net earnings	$ 380	$ 392	$ 782	$ 616
Other comprehensive income (loss), net of tax:
Marketable securities	0	(4)	0	(3)
Pension plans	(2)	(3)	(3)	10
Unrealized (losses) gains on designated hedges	(15)	10	(35)	11
Financial statement translation	44	87	82	(195)
Total other comprehensive income (loss), net of tax	27	90	44	(177)
Comprehensive income	$ 407	$ 482	$ 826	$ 439

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Current assets
Cash and cash equivalents	$ 3,490	$ 3,379
Marketable securities	166	700
Accounts receivable, less allowance of $68 ($61 in 2015)	1,758	1,662
Inventories:
Materials and supplies	363	304
Work in process	126	103
Finished goods	1,500	1,232
Total inventories	1,989	1,639
Prepaid expenses and other current assets	421	563
Total current assets	7,824	7,943
Property, plant and equipment:
Land, buildings and improvements	797	687
Machinery and equipment	2,273	2,043
Total property, plant and equipment	3,070	2,730
Less allowance for depreciation	1,624	1,531
Net property, plant and equipment	1,446	1,199
Other assets
Goodwill	6,372	4,136
Other intangibles, net	3,728	1,794
Other noncurrent assets	1,150	1,151
Total assets	20,520	16,223
Current liabilities
Accounts payable	425	410
Accrued compensation	530	637
Income taxes	166	141
Dividend payable	142	142
Accrued recall	582	694
Accrued expenses and other liabilities	833	710
Current maturities of debt	927	768
Total current liabilities	3,605	3,502
Long-term debt, excluding current maturities	6,717	3,230
Other noncurrent liabilities	1,100	980
Shareholders' equity
Common stock, $0.10 par value: Authorized: 1 billions shares, outstanding: 374 millions shares (373 millions shares in 2015)	37	37
Additional paid-in capital	1,378	1,321
Retained earnings	8,278	7,792
Accumulated other comprehensive income	(595)	(639)
Total shareholders' equity	9,098	8,511
Total liabilities & shareholders' equity	$ 20,520	$ 16,223

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Accounts receivable, allowance	$ 68	$ 61
Common stock, par value (in dollars per share)	$ 0.1	$ 0.1
Common stock, authorized (in shares)	1,000	1,000
Common stock, outstanding (in shares)	374	373

Consolidated Statement Of Share

Consolidated Statement Of Shareholders' Equity (Unaudited) - 6 months ended Jun. 30, 2016 - USD ($) $ in Millions	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income
December 31, 2015 at Dec. 31, 2015	$ 8,511	$ 37	$ 1,321	$ 7,792	$ (639)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	782
Other comprehensive income	44				44
Issuance of 1.4 million shares of common stock under stock option and benefit plans, including $28 excess income tax benefit	9		9
Repurchase of 0.1 million shares of common stock	(13)		(1)	(12)
Share-based compensation	49		49
Cash dividends declared of $0.76 per share of common stock	(284)			(284)
June 30, 2016 at Jun. 30, 2016	$ 9,098	$ 37	$ 1,378	$ 8,278	$ (595)

Consolidated Statement Of Shar7

Consolidated Statement Of Shareholders' Equity (Unaudited) (Parenthetical) shares in Millions, $ in Millions	3 Months Ended
	Jun. 30, 2016USD ($)$ / sharesshares
Statement of Stockholders' Equity [Abstract]
Issuance of common stock under stock option and benefit plans, shares	1.4
Issuance of common stock under stock option and benefit plans, excess income tax benefit | $	$ 28
Repurchase and retirement of common stock, shares	0.1
Cash dividends declared, per share of common stock | $ / shares	$ 0.38

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating activities
Net earnings	$ 782	$ 616
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation	106	90
Amortization of intangible assets	141	98
Share-based compensation	49	44
Gross recall charges	47	166
Sale of inventory stepped up to fair value at acquisition	35	13
Excess tax benefits from stock issued under employee stock plans	(27)	(19)
Changes in operating assets and liabilities:
Accounts receivable	57	39
Inventories	(225)	(67)
Accounts payable	(5)	17
Accrued expenses and other liabilities	(190)	(125)
Recall-related payments	(157)	(31)
Income taxes	(31)	(251)
Other	89	147
Net cash provided by operating activities	671	737
Investing activities
Acquisitions, net of cash acquired	(4,219)	(92)
Purchases of marketable securities	(116)	(1,137)
Sales of marketable securities	652	3,569
Purchases of property, plant and equipment	(229)	(114)
Net cash (used in) provided by investing activities	(3,912)	2,226
Financing activities
Proceeds from borrowings	3,868	1,014
Payments on borrowings	(257)	(1,512)
Dividends paid	(284)	(261)
Repurchase of common stock	(13)	(324)
Excess tax benefits from stock issued under employee stock plans	27	19
Other financing	1	13
Net cash provided by (used in) financing activities	3,342	(1,051)
Effect of exchange rate changes on cash and cash equivalents	10	(81)
Change in cash and cash equivalents	111	1,831
Cash and cash equivalents at beginning of period	3,379	1,795
Cash and cash equivalents at end of period	$ 3,490	$ 3,626

Basis Of Presentation

Basis Of Presentation	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	BASIS OF PRESENTATION General Information These statements should be read in conjunction with our Annual Report on Form 10-K for 2015 . Management believes that the accompanying unaudited consolidated financial statements contain all adjustments, including normal recurring items, considered necessary for a fair presentation of the interim periods. However, the results of operations included in these consolidated financial statements may not necessarily be indicative of our annual results. Certain prior year amounts on the balance sheet were reclassified as a result of the adoption of Accounting Standards Update (ASU) 2015-03, Interest - Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs to conform with the current year presentation. Refer to Note 7 in the notes to our Consolidated Financial Statements for further information. Certain prior year amounts have been reclassified to conform to the current year presentation of our segment information in Note 10. New Accounting Pronouncements Not Yet Adopted In March 2016 the Financial Accounting Standards Board (FASB) issued ASU 2016-09, Compensation-Stock Compensation: Improvements to Employee Share-Based Payment Accounting. This update simplifies the accounting for employee share-based payment transactions, including the accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as simplifies classification in the statement of cash flows. We plan to adopt this standard on January 1, 2017. We are still evaluating the impact that this standard will have on our consolidated financial statements. In February 2016 the FASB issued ASU 2016-02, Leases. This update requires an entity to recognize assets and liabilities for leases with lease terms of more than 12 months on the balance sheet. We plan to adopt this standard on January 1, 2019. We are still evaluating the impact that this standard will have on our consolidated financial statements. In May 2014 the FASB issued ASU 2014-09, Revenue from Contracts with Customers. This update outlines a single, comprehensive model for accounting for revenue from contracts with customers. We plan to adopt the standard on January 1, 2018. We are still evaluating the impact that this standard will have on our consolidated financial statements. No other new accounting pronouncements were issued or became effective during the period that had, or are expected to have, a material impact on our consolidated financial statements.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS Financial assets and liabilities carried at fair value are classified and disclosed in one of the following three categories: Level 1 Quoted market prices in active markets for identical assets or liabilities Level 2 Observable market-based inputs or unobservable inputs that are corroborated by market data Level 3 Unobservable inputs reflecting our assumptions or external inputs from active markets When applying the fair value principles in the valuation of assets and liabilities, we are required to maximize the use of quoted market prices and minimize the use of unobservable inputs. We calculate the fair value of our Level 1 and Level 2 instruments based on the exchange traded price of identical or similar 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 hedges are included in Level 2 as we use inputs other than quoted prices that are observable for the asset or liability. The Level 2 derivative instruments are primarily valued using standard calculations and models that use readily observable market data as their basis. Our Level 3 liabilities represent milestone payments for acquisitions. For certain Level 3 liabilities the Black-Scholes option pricing model was used to value the liabilities, while the fair value of remaining liabilities was estimated using a discounted cash flow technique. Significant unobservable inputs to this technique included our probability assessments of occurrence of triggering events, appropriately discounted considering the uncertainties associated with the obligation. We remeasure the fair value our assets and liabilities each reporting period. We record the changes in fair value within selling, general and administrative expense and the changes in the time value of money within other income (expense), net. Valuation of Assets and Liabilities Measured at Fair Value June December 2016 2015 Cash and cash equivalents $ 3,490 $ 3,379 Trading marketable securities 87 82 Level 1 - Assets $ 3,577 $ 3,461 Available-for-sale marketable securities: Corporate and asset-backed debt securities $ 47 $ 214 Foreign government debt securities 64 96 United States agency debt securities 16 120 United States treasury debt securities 26 264 Certificates of deposit 13 8 Total available-for-sale marketable securities $ 166 $ 702 Foreign currency exchange forward contracts 11 69 Interest rate swap asset 44 15 Level 2 - Assets $ 221 $ 786 Total assets measured at fair value $ 3,798 $ 4,247 Deferred compensation arrangements $ 87 $ 82 Level 1 - Liabilities $ 87 $ 82 Foreign currency exchange forward contracts $ 41 $ 10 Interest rate swap liability — 4 Level 2 - Liabilities $ 41 $ 14 Contingent consideration: Beginning balance $ 56 $ 48 Additions 13 11 Losses included in earnings (5 ) — Settlements (2 ) (3 ) Balance at the end of the period $ 62 $ 56 Level 3 - Liabilities $ 62 $ 56 Total liabilities measured at fair value $ 190 $ 152 There were no significant transfers into or out of any level between December 31, 2015 and June 30, 2016 . Fair Value of Available for Sale Securities by Maturity June December 2016 2015 Due in one year or less $ 91 $ 588 Due after one year through three years $ 74 $ 114 Due after three years $ 1 $ — On June 30, 2016 the aggregate difference between the cost and fair value of available-for-sale marketable securities was nominal. The total of interest and marketable securities income was $ 7 and $ 5 in the three months 2016 and 2015 and $ 12 and $ 11 in the six months 2016 and 2015 . We record interest and marketable securities income in other income (expense), net. Less than 1% of our investments in available-for-sale marketable securities had a credit quality rating of less than A2 (Moody's), A (Standard & Poor's) and A (Fitch). We do not plan 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. We do not consider these investments to be other-than-temporarily impaired on June 30, 2016 . Securities in a Continuous Unrealized Loss Position Number of Investments Fair Value Corporate and asset-backed 11 $ 10 United States agency 1 5 Total 12 $ 15 On June 30, 2016 substantially all our investments with unrealized losses that were not deemed to be other-than-temporarily impaired were in a continuous unrealized loss position for less than twelve months, and the losses were nominal.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (AOCI)	6 Months Ended
	Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (AOCI)	ACCUMULATED OTHER COMPREHENSIVE INCOME Three Months 2016 Marketable Securities Pension Plans Hedges Financial Statement Translation Total Beginning $ — $ (120 ) $ (16 ) $ (486 ) $ (622 ) OCI — (3 ) (18 ) 49 28 Tax expense (benefit) — 1 5 (5 ) 1 Reclassifications to: Cost of sales — 1 (2 ) — (1 ) Other income (1 ) — — — (1 ) Income tax expense (benefit) 1 (1 ) — — — Net OCI — (2 ) (15 ) 44 27 Ending $ — $ (122 ) $ (31 ) $ (442 ) $ (595 ) Three Months 2015 Marketable Securities Pension Plans Hedges Financial Statement Translation Total Beginning $ 4 $ (123 ) $ 14 $ (416 ) $ (521 ) OCI (3 ) (6 ) 22 87 100 Tax expense (benefit) — 1 (8 ) — (7 ) Reclassifications to: Cost of sales — 2 (6 ) — (4 ) Other income (2 ) — — — (2 ) Income tax expense (benefit) 1 — 2 — 3 Net OCI (4 ) (3 ) 10 87 90 Ending $ — $ (126 ) $ 24 $ (329 ) $ (431 ) Six Months 2016 Marketable Securities Pension Plans Hedges Financial Statement Translation Total Beginning $ — $ (119 ) $ 4 $ (524 ) $ (639 ) OCI 2 (6 ) (40 ) 77 33 Tax expense (benefit) (1 ) 1 11 5 16 Reclassifications to: Cost of sales — 3 (8 ) — (5 ) Other income (2 ) — — — (2 ) Income tax expense (benefit) 1 (1 ) 2 — 2 Net OCI — (3 ) (35 ) 82 44 Ending $ — $ (122 ) $ (31 ) $ (442 ) $ (595 ) Six Months 2015 Marketable Securities Pension Plans Hedges Financial Statement Translation Total Beginning $ 3 $ (136 ) $ 13 $ (134 ) $ (254 ) OCI 1 9 21 (195 ) (164 ) Tax expense (benefit) (1 ) (2 ) (6 ) — (9 ) Reclassifications to: Cost of sales — 4 (6 ) — (2 ) Other income (4 ) — — — (4 ) Income tax expense (benefit) 1 (1 ) 2 — 2 Net OCI (3 ) 10 11 (195 ) (177 ) Ending $ — $ (126 ) $ 24 $ (329 ) $ (431 )

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	DERIVATIVE INSTRUMENTS We use operational and economic hedges, foreign currency exchange forward contracts, net investment hedges and interest rate derivative instruments to manage the impact of currency exchange and interest rate fluctuations on earnings and cash flow. At inception the derivative is designated as a cash flow hedge, a fair value hedge or a free standing derivative. We do not enter into derivative instruments for speculative purposes. We did not change our hedging strategies, accounting practices, or objectives from those disclosed in our Annual Report on Form 10-K for 2015 . Designated Net Investment Hedges We have designated certain long-term intercompany loans payable and forward exchange contracts as net investment hedges of our investments in certain international subsidiaries that use the Euro as their functional currency. The effective portion of derivatives designated as net investment hedges are reported as a component of Accumulated Other Comprehensive Income (AOCI). On June 30, 2016 the total after-tax amount in AOCI related to our designated net investment hedges was $ 13 . For derivative instruments that are designated and qualify as a net investment hedge, the effective portion of the derivative's gain or loss is recognized in OCI and reported as a component of AOCI. We use the forward method to measure ineffectiveness. Under this method, for each reporting period the change in the carrying value of the Euro-denominated amounts due to remeasurement of the effective portion is reported as a component of AOCI, and the remaining change in the carrying value of the ineffective portion, if any, is recognized in other income (expense), net. The gain or loss related to settled net investment hedges will be subsequently reclassified into net earnings when the hedged net investment is either sold or substantially liquidated. We evaluate the effectiveness of our net investment hedges quarterly and did not recognize any ineffectiveness in the six months 2016. Designated and Non-Designated Hedges June 2016 Designated Non-Designated Total Gross notional amount $ 1,011 $ 2,789 $ 3,800 Maximum term in days 546 Fair value: Other current assets $ 5 $ 5 $ 10 Other noncurrent assets 1 — 1 Other current liabilities (31 ) (7 ) (38 ) Other noncurrent liabilities (3 ) — (3 ) Total $ (28 ) $ (2 ) $ (30 ) December 2015 Designated Non-Designated Total Gross notional amount $ 889 $ 4,061 $ 4,950 Maximum term in days 546 Fair value: Other current assets $ 27 $ 41 $ 68 Other noncurrent assets 1 — 1 Other current liabilities (6 ) (3 ) (9 ) Other noncurrent liabilities (1 ) — (1 ) Total $ 21 $ 38 $ 59 We are exposed to credit loss in the event of nonperformance by our counterparties on our outstanding derivative instruments 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. Net Currency Exchange Rate Gains (Losses) Three Months Six Months Recorded In: 2016 2015 2016 2015 Cost of sales $ 2 $ 5 $ 8 $ 5 Other income (expense), net (6 ) (7 ) (10 ) (11 ) Total $ (4 ) $ (2 ) $ (2 ) $ (6 ) On June 30, 2016 and December 31, 2015 pretax (losses) gains on derivatives designated as hedges of ($ 22 ) and $ 17 , reported in AOCI, were expected to be reclassified to earnings during the next 12 months. This reclassification is primarily due to the sale of inventory that includes previously hedged purchases. There were no ineffective portions of derivatives that resulted in gains or losses in any of the periods presented. Interest Rate Risk on Future Debt Issuance In the six months 2016 we terminated multiple designated interest rate cash flow hedges, recognized $ 7 in OCI related to hedges on our debt issuances and recognized a nominal amount of ineffectiveness in interest expense. The remaining amounts in AOCI will be reclassified to interest expense over the term of the debt. The cash flow effect of these hedges is recognized in cash flow from operations. Fair Value Hedges On June 30, 2016 we had interest rate swaps with 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. In the six months 2016, there was no hedge ineffectiveness recorded as a result of these fair value hedges. Fair Value Interest Rate Hedge Instruments June 2016 December 2015 Gross notional amount $ 500 $ 500 Fair value: Other noncurrent assets $ 44 $ 15 Long-term debt (44 ) (15 ) Total $ — $ —

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Acquisitions	ACQUISITIONS In April 2016 we completed the acquisition of Sage Products, LLC (Sage) for total consideration of approximately $ 2,875 . Sage develops, manufactures and distributes disposable products targeted at reducing "Never Events," primarily in the intensive care unit. In April 2016 we completed the acquisition of Physio-Control International, Inc. (Physio) for total consideration of approximately $ 1,308 . Physio develops, manufactures and markets monitors/defibrillators, automated external defibrillators (AEDs) and CPR-assist devices along with data management and support services. Other acquisitions in 2016 include the April acquisition of Synergetics' neuro portfolio (Synergetics). The acquired portfolio of Synergetics includes the Malis generator, Spetzler Malis disposable forceps, and our existing Sonopet tips and RF generator. Other acquisitions in 2015 include the acquisition of certain assets of CHG Hospital Beds, Inc. (CHG). CHG designs, manufactures and markets low-height hospital beds and related accessories. The measurement period for CHG is complete. Revisions to the original purchase price allocation were nominal. These acquisitions enhanced our product offerings within our MedSurg segment. Goodwill acquired with the Sage, Synergetics and CHG acquisitions is deductible for tax purposes. Supplemental pro forma combined statements of earnings have not been presented for the Sage and Physio acquisitions as the impact of their results of operations were not material to our Consolidated Statements of Earnings. Purchase Price Allocation of Acquired Net Assets 2016 2015 Sage Physio Other Other Purchase price paid $ 2,870 $ 1,308 $ 225 $ 138 Contingent consideration 5 — 8 9 Total consideration $ 2,875 $ 1,308 $ 233 $ 147 Tangible assets acquired: Cash $ 91 $ 31 $ — $ — Accounts receivable 29 106 5 4 Inventory 63 72 9 9 Other assets 80 120 14 17 Liabilities (76 ) (414 ) (18 ) (7 ) Intangible assets: Customer relationship 948 365 11 12 Trade name 72 157 13 2 Developed technology and patents 176 221 90 53 IPR&D — 8 7 — Goodwill 1,492 642 102 57 Total $ 2,875 $ 1,308 $ 233 $ 147 Weighted-average life of intangible assets 15 14 13 10 Purchase price allocations for acquisitions were based on preliminary valuations and our estimates and assumptions and are subject to change within the measurement period. Estimated Amortization Expense Remainder of 2016 2017 2018 2019 2020 $ 171 $ 343 $ 336 $ 328 $ 308

Contingencies and Commitments

Contingencies and Commitments	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Contingencies and Commitments	CONTINGENCIES AND COMMITMENTS 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 that are more fully described below. 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, 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 estimated by management, additional expense may be incurred, which could unfavorably affect future operating results. We are self-insured for product liability 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 June 2012 we voluntarily recalled our Rejuvenate and ABG II Modular-Neck hip stems and terminated global distribution of these hip products. Product liability lawsuits relating to this voluntary recall have been filed against us. On November 3, 2014 we announced that we had entered into a settlement agreement to compensate eligible United States patients who had revision surgery to replace their Rejuvenate and/or ABG II Modular-Neck hip stem prior to that date. We continue to offer support for recall-related care and reimburse patients who are not eligible to enroll in the settlement program for testing and treatment services, including any necessary revision surgeries. In addition, some lawsuits will remain and we will continue to defend against them. Based on the information that has been received, the actuarially determined range of probable loss to resolve this matter globally is estimated to be approximately $ 1,870 ($ 2,102 before $ 232 of third-party insurance recoveries) to $ 2,411 . In the three months 2016 we recognized additional charges to earnings of $ 28 representing the excess of the minimum of the range over the previously recorded reserves. We have made a total of $ 1,460 of recall-related payments, including $ 1,359 under the United States Rejuvenate and ABG II settlement agreement. The final outcome of this matter is dependent on many factors that are difficult to predict including the number of enrollees in the settlement program and the total awards to them, the number and costs of patients not eligible for the settlement program who seek testing and treatment services and require revision surgery and the number and actual costs to resolve the remaining lawsuits. Accordingly, the ultimate cost to resolve this entire matter globally 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 Biomet Holdings, Inc. (Zimmer), alleging that a Zimmer product infringed three of our patents. In 2013 following a jury trial favorable to us, the trial judge entered a judgment that, among other things, awarded us damages of $ 76 and ordered Zimmer to pay us enhanced damages. Zimmer appealed this ruling. In December 2014 the Federal Circuit affirmed the damages awarded to us, reversed the order for enhanced damages and remanded the issue of attorney fees to the trial court. The Federal Circuit denied our petition for a rehearing en banc on the issue of enhanced damages. In May 2015 the trial court entered a stipulated judgment that, among other things, required Zimmer to pay us the base amount of damages and interest, while the issues of enhanced damages and attorney fees continue to be pursued. In June 2015 we recorded a $ 54 gain, net of legal costs, which was recorded within selling, general and administrative expenses. On June 13, 2016 the United States Supreme Court vacated the decision of the Federal Circuit that reversed our judgment for enhanced damages and remanded the case to the Federal Circuit to reconsider the issue. In April 2011 Hill-Rom Company, Inc. and affiliated entities (Hill-Rom) brought a lawsuit against us alleging infringement under United States patent laws with respect to nine patents related to electrical network communications for hospital beds. On March 31, 2015 the court granted the parties’ joint motion to dismiss with prejudice the claims and counterclaims associated with three of these patents. The case has been stayed with respect to the remaining six patents, until reexamination proceedings at the United States Patent Office have concluded. The ultimate resolution of this matter cannot be predicted and it is not possible at this time for us to estimate any probable loss or range of probable losses; however, the ultimate result could have a material adverse effect on our financial position, results of operations and cash flows.

Debt and Credit Facilities

Debt and Credit Facilities	6 Months Ended
	Jun. 30, 2016
Long-term Debt, Unclassified [Abstract]
Debt And Credit Facilities	DEBT AND CREDIT FACILITIES In March 2016 we sold $3,500 of senior unsecured notes. Our commercial paper program allows us to have a maximum of $ 1,250 in commercial paper outstanding with maturities up to 397 days from the date of issuance. The weighted-average original maturity of the commercial paper outstanding was approximately 40 days. The following table is a summary of our total debt and other debt information. June December 2016 2015 Senior unsecured notes: Rate Due 2.000% 09/30/2016 $ 750 $ 749 1.300% 04/01/2018 597 597 2.000% 03/08/2019 745 — 4.375% 01/15/2020 497 496 2.625% 03/15/2021 744 — 3.375% 05/15/2024 636 606 3.375% 11/01/2025 744 744 3.500% 03/15/2026 986 — 4.100% 04/01/2043 391 390 4.375% 05/15/2044 394 394 4.625% 03/15/2046 979 — Commercial paper 145 — Other 36 22 Total debt $ 7,644 $ 3,998 Less current maturities 927 768 Total long-term debt $ 6,717 $ 3,230 Unamortized debt issuance costs $ 48 $ 24 Available borrowing capacity under all existing facilities $ 1,157 $ 1,236 Fair value of debt $ 7,881 $ 4,009 We have lines of credit issued by various financial institutions that are available to fund our day-to-day operating needs. Certain of our credit facilities require us to comply with financial and other covenants. We were in compliance with all covenants on June 30, 2016 . The fair value of debt (excluding the interest rate hedge) was based on the quoted interest rates for similar types and amounts of borrowings. Substantially all of our debt was classified within Level 1 of the fair value hierarchy, because the fair value of the debt was estimated using rates with identical terms and maturities based on quoted active market prices and yields, which took into account the underlying terms of the debt instruments. On January 1, 2016 we retrospectively adopted ASU 2015-03, Interest - Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs. This standard update requires an entity to present debt issuance costs related to a recognized debt liability as a direct deduction from the carrying amount of that debt liability consistent with the treatment of debt discounts. The adoption of this standard resulted in the reclassification of $24 of unamortized debt issuance costs principally from other noncurrent assets to a reduction of long term debt on our consolidated balance sheet on December 31, 2015.

Capital Stock

Capital Stock	6 Months Ended
	Jun. 30, 2016
Class of Stock Disclosures [Abstract]
Capital Stock	CAPITAL STOCK In February 2016 we declared a quarterly dividend of $0.38 per share payable on April 30, 2016 to shareholders of record at the close of business on March 31, 2016. In April 2016 we declared a quarterly dividend of $0.38 per share payable on July 29, 2016 to shareholders at the close of business on June 30, 2016 . In the six months 2016, 135 thousand shares, repurchased at the end of 2015, were settled at a cost of $ 13 under our authorized repurchase programs. The manner, timing and amount of repurchases is determined by management based on an evaluation of market conditions, stock price and other factors and is subject to regulatory considerations. Purchases are made from time-to-time in the open market, in privately negotiated transactions or otherwise. On June 30, 2016 the total dollar value of shares that could be acquired under our authorized repurchase programs was $ 1,870 . We have suspended our share repurchase program through the remainder of 2016.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Our effective tax rates were 12.3% and 2.2% in the three months 2016 and 2015 and 14.5% and 20.8% in the six months 2016 and 2015 . The increase in the effective income tax rate in the three months 2016 was due to tax expense related to acquisitions in the quarter, while the effective income tax rate in 2015 included decreased tax expense related to the jurisdictional allocation of tax expense on recall charges. The effective income tax rate in the six months 2016 decreased from 2015 primarily due to certain discrete 2015 tax expense related to the establishment of our European regional headquarters.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Segment Information	SEGMENT INFORMATION The following table is a summary of our results of operations by reportable segments. Three Months Six Months 2016 2015 2016 2015 Orthopaedics $ 1,082 $ 1,035 $ 2,139 $ 2,058 MedSurg 1,258 939 2,216 1,866 Neurotechnology and Spine 500 458 980 887 Net sales $ 2,840 $ 2,432 $ 5,335 $ 4,811 Orthopaedics $ 371 $ 339 $ 720 $ 671 MedSurg 253 196 451 376 Neurotechnology and Spine 160 117 299 229 Segment operating income $ 784 $ 652 $ 1,470 $ 1,276 Items not allocated to segments: Corporate and other $ (80 ) $ (73 ) $ (162 ) $ (142 ) Acquisition and integration-related charges (66 ) (12 ) (71 ) (32 ) Amortization of purchased intangible assets (88 ) (49 ) (141 ) (98 ) Restructuring-related charges (22 ) (30 ) (42 ) (56 ) Rejuvenate and ABG II recalls (28 ) (112 ) (47 ) (166 ) Legal matters — 53 12 53 Consolidated operating income $ 500 $ 429 $ 1,019 $ 835 Total assets of our MedSurg segment increased to $ 8,916 as a results of our recent acquisitions as discussed in Note 5. There were no other significant changes to total assets by segment from information provided in our Annual Report on Form 10-K for 2015.

Basis Of Presentation (Policies

Basis Of Presentation (Policies)	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
New Accounting Pronouncements Not Yet Adopted	In March 2016 the Financial Accounting Standards Board (FASB) issued ASU 2016-09, Compensation-Stock Compensation: Improvements to Employee Share-Based Payment Accounting. This update simplifies the accounting for employee share-based payment transactions, including the accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as simplifies classification in the statement of cash flows. We plan to adopt this standard on January 1, 2017. We are still evaluating the impact that this standard will have on our consolidated financial statements. In February 2016 the FASB issued ASU 2016-02, Leases. This update requires an entity to recognize assets and liabilities for leases with lease terms of more than 12 months on the balance sheet. We plan to adopt this standard on January 1, 2019. We are still evaluating the impact that this standard will have on our consolidated financial statements. In May 2014 the FASB issued ASU 2014-09, Revenue from Contracts with Customers. This update outlines a single, comprehensive model for accounting for revenue from contracts with customers. We plan to adopt the standard on January 1, 2018. We are still evaluating the impact that this standard will have on our consolidated financial statements. No other new accounting pronouncements were issued or became effective during the period that had, or are expected to have, a material impact on our consolidated financial statements.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Schedule of Unrealized Loss on Investments [Table Text Block]	Securities in a Continuous Unrealized Loss Position Number of Investments Fair Value Corporate and asset-backed 11 $ 10 United States agency 1 5 Total 12 $ 15
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	Valuation of Assets and Liabilities Measured at Fair Value June December 2016 2015 Cash and cash equivalents $ 3,490 $ 3,379 Trading marketable securities 87 82 Level 1 - Assets $ 3,577 $ 3,461 Available-for-sale marketable securities: Corporate and asset-backed debt securities $ 47 $ 214 Foreign government debt securities 64 96 United States agency debt securities 16 120 United States treasury debt securities 26 264 Certificates of deposit 13 8 Total available-for-sale marketable securities $ 166 $ 702 Foreign currency exchange forward contracts 11 69 Interest rate swap asset 44 15 Level 2 - Assets $ 221 $ 786 Total assets measured at fair value $ 3,798 $ 4,247 Deferred compensation arrangements $ 87 $ 82 Level 1 - Liabilities $ 87 $ 82 Foreign currency exchange forward contracts $ 41 $ 10 Interest rate swap liability — 4 Level 2 - Liabilities $ 41 $ 14 Contingent consideration: Beginning balance $ 56 $ 48 Additions 13 11 Losses included in earnings (5 ) — Settlements (2 ) (3 ) Balance at the end of the period $ 62 $ 56 Level 3 - Liabilities $ 62 $ 56 Total liabilities measured at fair value $ 190 $ 152
Investments Classified by Contractual Maturity Date	Fair Value of Available for Sale Securities by Maturity June December 2016 2015 Due in one year or less $ 91 $ 588 Due after one year through three years $ 74 $ 114 Due after three years $ 1 $ —

Accumulated Other Comprehensi21

Accumulated Other Comprehensive Income (AOCI) (Tables)	6 Months Ended
	Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Three Months 2016 Marketable Securities Pension Plans Hedges Financial Statement Translation Total Beginning $ — $ (120 ) $ (16 ) $ (486 ) $ (622 ) OCI — (3 ) (18 ) 49 28 Tax expense (benefit) — 1 5 (5 ) 1 Reclassifications to: Cost of sales — 1 (2 ) — (1 ) Other income (1 ) — — — (1 ) Income tax expense (benefit) 1 (1 ) — — — Net OCI — (2 ) (15 ) 44 27 Ending $ — $ (122 ) $ (31 ) $ (442 ) $ (595 ) Three Months 2015 Marketable Securities Pension Plans Hedges Financial Statement Translation Total Beginning $ 4 $ (123 ) $ 14 $ (416 ) $ (521 ) OCI (3 ) (6 ) 22 87 100 Tax expense (benefit) — 1 (8 ) — (7 ) Reclassifications to: Cost of sales — 2 (6 ) — (4 ) Other income (2 ) — — — (2 ) Income tax expense (benefit) 1 — 2 — 3 Net OCI (4 ) (3 ) 10 87 90 Ending $ — $ (126 ) $ 24 $ (329 ) $ (431 ) Six Months 2016 Marketable Securities Pension Plans Hedges Financial Statement Translation Total Beginning $ — $ (119 ) $ 4 $ (524 ) $ (639 ) OCI 2 (6 ) (40 ) 77 33 Tax expense (benefit) (1 ) 1 11 5 16 Reclassifications to: Cost of sales — 3 (8 ) — (5 ) Other income (2 ) — — — (2 ) Income tax expense (benefit) 1 (1 ) 2 — 2 Net OCI — (3 ) (35 ) 82 44 Ending $ — $ (122 ) $ (31 ) $ (442 ) $ (595 ) Six Months 2015 Marketable Securities Pension Plans Hedges Financial Statement Translation Total Beginning $ 3 $ (136 ) $ 13 $ (134 ) $ (254 ) OCI 1 9 21 (195 ) (164 ) Tax expense (benefit) (1 ) (2 ) (6 ) — (9 ) Reclassifications to: Cost of sales — 4 (6 ) — (2 ) Other income (4 ) — — — (4 ) Income tax expense (benefit) 1 (1 ) 2 — 2 Net OCI (3 ) 10 11 (195 ) (177 ) Ending $ — $ (126 ) $ 24 $ (329 ) $ (431 )
Reclassification out of Accumulated Other Comprehensive Income	Three Months 2016 Marketable Securities Pension Plans Hedges Financial Statement Translation Total Beginning $ — $ (120 ) $ (16 ) $ (486 ) $ (622 ) OCI — (3 ) (18 ) 49 28 Tax expense (benefit) — 1 5 (5 ) 1 Reclassifications to: Cost of sales — 1 (2 ) — (1 ) Other income (1 ) — — — (1 ) Income tax expense (benefit) 1 (1 ) — — — Net OCI — (2 ) (15 ) 44 27 Ending $ — $ (122 ) $ (31 ) $ (442 ) $ (595 ) Three Months 2015 Marketable Securities Pension Plans Hedges Financial Statement Translation Total Beginning $ 4 $ (123 ) $ 14 $ (416 ) $ (521 ) OCI (3 ) (6 ) 22 87 100 Tax expense (benefit) — 1 (8 ) — (7 ) Reclassifications to: Cost of sales — 2 (6 ) — (4 ) Other income (2 ) — — — (2 ) Income tax expense (benefit) 1 — 2 — 3 Net OCI (4 ) (3 ) 10 87 90 Ending $ — $ (126 ) $ 24 $ (329 ) $ (431 ) Six Months 2016 Marketable Securities Pension Plans Hedges Financial Statement Translation Total Beginning $ — $ (119 ) $ 4 $ (524 ) $ (639 ) OCI 2 (6 ) (40 ) 77 33 Tax expense (benefit) (1 ) 1 11 5 16 Reclassifications to: Cost of sales — 3 (8 ) — (5 ) Other income (2 ) — — — (2 ) Income tax expense (benefit) 1 (1 ) 2 — 2 Net OCI — (3 ) (35 ) 82 44 Ending $ — $ (122 ) $ (31 ) $ (442 ) $ (595 ) Six Months 2015 Marketable Securities Pension Plans Hedges Financial Statement Translation Total Beginning $ 3 $ (136 ) $ 13 $ (134 ) $ (254 ) OCI 1 9 21 (195 ) (164 ) Tax expense (benefit) (1 ) (2 ) (6 ) — (9 ) Reclassifications to: Cost of sales — 4 (6 ) — (2 ) Other income (4 ) — — — (4 ) Income tax expense (benefit) 1 (1 ) 2 — 2 Net OCI (3 ) 10 11 (195 ) (177 ) Ending $ — $ (126 ) $ 24 $ (329 ) $ (431 )

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	Designated and Non-Designated Hedges June 2016 Designated Non-Designated Total Gross notional amount $ 1,011 $ 2,789 $ 3,800 Maximum term in days 546 Fair value: Other current assets $ 5 $ 5 $ 10 Other noncurrent assets 1 — 1 Other current liabilities (31 ) (7 ) (38 ) Other noncurrent liabilities (3 ) — (3 ) Total $ (28 ) $ (2 ) $ (30 )
Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location	Net Currency Exchange Rate Gains (Losses) Three Months Six Months Recorded In: 2016 2015 2016 2015 Cost of sales $ 2 $ 5 $ 8 $ 5 Other income (expense), net (6 ) (7 ) (10 ) (11 ) Total $ (4 ) $ (2 ) $ (2 ) $ (6 )
Schedule of Interest Rate Derivatives	Fair Value Interest Rate Hedge Instruments June 2016 December 2015 Gross notional amount $ 500 $ 500 Fair value: Other noncurrent assets $ 44 $ 15 Long-term debt (44 ) (15 ) Total $ — $ —

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition	Purchase Price Allocation of Acquired Net Assets 2016 2015 Sage Physio Other Other Purchase price paid $ 2,870 $ 1,308 $ 225 $ 138 Contingent consideration 5 — 8 9 Total consideration $ 2,875 $ 1,308 $ 233 $ 147 Tangible assets acquired: Cash $ 91 $ 31 $ — $ — Accounts receivable 29 106 5 4 Inventory 63 72 9 9 Other assets 80 120 14 17 Liabilities (76 ) (414 ) (18 ) (7 ) Intangible assets: Customer relationship 948 365 11 12 Trade name 72 157 13 2 Developed technology and patents 176 221 90 53 IPR&D — 8 7 — Goodwill 1,492 642 102 57 Total $ 2,875 $ 1,308 $ 233 $ 147 Weighted-average life of intangible assets 15 14 13 10
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Estimated Amortization Expense Remainder of 2016 2017 2018 2019 2020 $ 171 $ 343 $ 336 $ 328 $ 308

Debt and Credit Facilities (Tab

Debt and Credit Facilities (Tables)	6 Months Ended
	Jun. 30, 2016
Long-term Debt, Unclassified [Abstract]
Schedule of Long-term Debt Instruments	The following table is a summary of our total debt and other debt information. June December 2016 2015 Senior unsecured notes: Rate Due 2.000% 09/30/2016 $ 750 $ 749 1.300% 04/01/2018 597 597 2.000% 03/08/2019 745 — 4.375% 01/15/2020 497 496 2.625% 03/15/2021 744 — 3.375% 05/15/2024 636 606 3.375% 11/01/2025 744 744 3.500% 03/15/2026 986 — 4.100% 04/01/2043 391 390 4.375% 05/15/2044 394 394 4.625% 03/15/2046 979 — Commercial paper 145 — Other 36 22 Total debt $ 7,644 $ 3,998 Less current maturities 927 768 Total long-term debt $ 6,717 $ 3,230 Unamortized debt issuance costs $ 48 $ 24 Available borrowing capacity under all existing facilities $ 1,157 $ 1,236 Fair value of debt $ 7,881 $ 4,009

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Sales and Other Financial Information by Business Segment	The following table is a summary of our results of operations by reportable segments. Three Months Six Months 2016 2015 2016 2015 Orthopaedics $ 1,082 $ 1,035 $ 2,139 $ 2,058 MedSurg 1,258 939 2,216 1,866 Neurotechnology and Spine 500 458 980 887 Net sales $ 2,840 $ 2,432 $ 5,335 $ 4,811 Orthopaedics $ 371 $ 339 $ 720 $ 671 MedSurg 253 196 451 376 Neurotechnology and Spine 160 117 299 229 Segment operating income $ 784 $ 652 $ 1,470 $ 1,276 Items not allocated to segments: Corporate and other $ (80 ) $ (73 ) $ (162 ) $ (142 ) Acquisition and integration-related charges (66 ) (12 ) (71 ) (32 ) Amortization of purchased intangible assets (88 ) (49 ) (141 ) (98 ) Restructuring-related charges (22 ) (30 ) (42 ) (56 ) Rejuvenate and ABG II recalls (28 ) (112 ) (47 ) (166 ) Legal matters — 53 12 53 Consolidated operating income $ 500 $ 429 $ 1,019 $ 835

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items]
Marketable Securities, Gain (Loss)	$ 7	$ 5	$ 12	$ 0
Corporate and asset-backed debt securities | Moody's, A Rating
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items]
Percentage Of Company's Investments With Credit Quality Rating Less Than Single A And A2			1.00%
Corporate and asset-backed debt securities | Fitch, A Rating
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items]
Percentage Of Company's Investments With Credit Quality Rating Less Than Single A And A2			1.00%
Standard & Poor's, A Rating | Corporate and asset-backed debt securities
Fair Value, Option, Qualitative Disclosures Related to Election [Line Items]
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 ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2016	Dec. 31, 2015
ASSETS
Available-for-sale Securities, Current			$ 166	$ 700
Investments Fair Value Disclosure			3,798	4,247
Liabilities
Financial and Nonfinancial Liabilities, Fair Value Disclosure			190	152
Interest rate swap liability
ASSETS
Derivative Asset			0	0
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents			3,490	3,379
ASSETS
Investments Fair Value Disclosure			3,577	3,461
Fair Value Liabilities Measured On Recurring Basis Deferred Compensation Plan Liabilities			87	82
Liabilities
Financial and Nonfinancial Liabilities, Fair Value Disclosure			87	82
Fair Value, Inputs, Level 1 | Trading marketable securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Trading marketable securities			87	82
Fair Value, Inputs, Level 2
ASSETS
Investments Fair Value Disclosure			221	786
Liabilities
Financial and Nonfinancial Liabilities, Fair Value Disclosure			41	14
Fair Value, Inputs, Level 2 | Foreign currency exchange forward contracts
ASSETS
Derivative Asset			11	69
Liabilities
Foreign currency exchange forward contracts			41	10
Fair Value, Inputs, Level 2 | Interest rate swap liability
ASSETS
Derivative Asset			44	15
Liabilities
Interest rate swap liability			0	4
Fair Value, Inputs, Level 2 | Available-for-sale marketable securities:
ASSETS
Available-for-sale Securities, Current			166	702
Fair Value, Inputs, Level 2 | Available-for-sale marketable securities: | Corporate and asset-backed debt securities
ASSETS
Available-for-sale Securities, Current			47	214
Fair Value, Inputs, Level 2 | Available-for-sale marketable securities: | Foreign government debt securities
ASSETS
Available-for-sale Securities, Current			64	96
Fair Value, Inputs, Level 2 | Available-for-sale marketable securities: | United States agency debt securities
ASSETS
Available-for-sale Securities, Current			16	120
Fair Value, Inputs, Level 2 | Available-for-sale marketable securities: | United States treasury debt securities
ASSETS
Available-for-sale Securities, Current			26	264
Fair Value, Inputs, Level 2 | Available-for-sale marketable securities: | Certificates of deposit
ASSETS
Available-for-sale Securities, Current			13	8
Fair Value, Inputs, Level 3
Liabilities
Financial and Nonfinancial Liabilities, Fair Value Disclosure			62	56
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration [Abstract]
Beginning balance	$ 56	$ 48
Additions	13	11
Losses included in earnings	(5)	0
Settlements	(2)	(3)
Balance at the end of the period	62	56
Total liabilities measured at fair value	$ 56	$ 48	$ 62	$ 56

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 ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Estimated fair value due in one year or less	$ 91	$ 588
Estimated fair value due after one year through three years	74	114
Available for sale Securities, Debt Maturities, After Three Years, Fair Value	$ 1	$ 0

Fair Value Measurements (Unreal

Fair Value Measurements (Unrealized Losses And Fair Value Of Investments With Unrealized Losses) (Details) $ in Millions	Jun. 30, 2016USD ($)investment
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | investment	12
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | $	$ 15
Corporate and asset-backed debt securities
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | investment	11
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | $	$ 10
United States agency debt securities
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | investment	1
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value | $	$ 5

Accumulated Other Comprehensi30

Accumulated Other Comprehensive Income (AOCI) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax at beginning of period	$ (622)	$ (521)	$ (639)	$ (254)
OCI	28	100	33	(164)
Tax expense (benefit)	1	(7)	16	(9)
Cost of sales	(998)	(827)	(1,799)	(1,653)
Other income (expense), net	67	28	105	57
Income taxes	53	9	132	162
Other comprehensive income	27	90	44	(177)
Accumulated Other Comprehensive Income (Loss), Net of Tax at end of period	(595)	(431)	(595)	(431)
Reclassification out of Accumulated Other Comprehensive Income
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Income taxes	0	3	2	2
Other comprehensive income	27	90	44	(177)
Reclassification out of Accumulated Other Comprehensive Income | Cost of Sales
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Cost of sales	(1)	(4)	(5)	(2)
Reclassification out of Accumulated Other Comprehensive Income | Other Income (expense)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other income (expense), net	(1)	(2)	(2)	(4)
Marketable Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax at beginning of period	0	4	0	3
OCI	0	(3)	2	1
Tax expense (benefit)	0	0	(1)	(1)
Accumulated Other Comprehensive Income (Loss), Net of Tax at end of period	0	0	0	0
Marketable Securities | Reclassification out of Accumulated Other Comprehensive Income
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Income taxes	1	1	1	1
Other comprehensive income	0	(4)	0	(3)
Marketable Securities | Reclassification out of Accumulated Other Comprehensive Income | Cost of Sales
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Cost of sales	0	0	0	0
Marketable Securities | Reclassification out of Accumulated Other Comprehensive Income | Other Income (expense)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other income (expense), net	(1)	(2)	(2)	(4)
Pension Plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax at beginning of period	(120)	(123)	(119)	(136)
OCI	(3)	(6)	(6)	9
Tax expense (benefit)	1	1	1	(2)
Accumulated Other Comprehensive Income (Loss), Net of Tax at end of period	(122)	(126)	(122)	(126)
Pension Plans | Reclassification out of Accumulated Other Comprehensive Income
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Income taxes	(1)	0	(1)	(1)
Other comprehensive income	(2)	(3)	(3)	10
Pension Plans | Reclassification out of Accumulated Other Comprehensive Income | Cost of Sales
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Cost of sales	1	2	3	4
Pension Plans | Reclassification out of Accumulated Other Comprehensive Income | Other Income (expense)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other income (expense), net	0	0	0	0
Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax at beginning of period	(16)	14	4	13
OCI	(18)	22	(40)	21
Tax expense (benefit)	5	(8)	11	(6)
Accumulated Other Comprehensive Income (Loss), Net of Tax at end of period	(31)	24	(31)	24
Hedges | Reclassification out of Accumulated Other Comprehensive Income
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Income taxes	0	2	2	2
Other comprehensive income	(15)	10	(35)	11
Hedges | Reclassification out of Accumulated Other Comprehensive Income | Cost of Sales
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Cost of sales	(2)	(6)	(8)	(6)
Hedges | Reclassification out of Accumulated Other Comprehensive Income | Other Income (expense)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other income (expense), net	0	0	0	0
Financial Statement Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax at beginning of period	(486)	(416)	(524)	(134)
OCI	49	87	77	(195)
Tax expense (benefit)	(5)	0	5	0
Accumulated Other Comprehensive Income (Loss), Net of Tax at end of period	(442)	(329)	(442)	(329)
Financial Statement Translation | Reclassification out of Accumulated Other Comprehensive Income
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Income taxes	0	0	0	0
Other comprehensive income	44	87	82	(195)
Financial Statement Translation | Reclassification out of Accumulated Other Comprehensive Income | Cost of Sales
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Cost of sales	0	0	0	0
Financial Statement Translation | Reclassification out of Accumulated Other Comprehensive Income | Other Income (expense)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other income (expense), net	$ 0	$ 0	$ 0	$ 0

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Litigation Settlement, Amount			$ 1,460
Gain (Loss) on Derivative Instruments, Net, Pretax			22	$ 17
Gain (loss) on termination of derivative	$ (15)	$ 10	(35)	$ 11
Senior Unsecured Notes 3.375% due 2024
Senior Unsecured Notes			600
Net Investment Hedging
Derivative Instruments in Hedges, Net Investment in Foreign Operations, Assets, Fair Value	13		13
Interest rate swap liability | Cash Flow Hedging
Gain (loss) on termination of derivative			7
Interest rate swap liability | Fair Value Hedging | Designated as Hedging Instrument
Notional Amount	500		500		$ 500
Foreign Exchange Contract
Notional Amount	3,800		$ 3,800		$ 4,950
Maximum Remaining Maturity of Foreign Currency Derivatives			546 days		546 days
Derivative, Fair Value, Net	(30)		$ (30)		$ 59
Foreign Exchange Contract | Designated as Hedging Instrument
Notional Amount	1,011		1,011		889
Derivative, Fair Value, Net	$ (28)		$ (28)		$ 21

Derivative Instruments (Forward

Derivative Instruments (Forward Currency Exchange Contracts) (Details) - Foreign Exchange Contract - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Derivative [Line Items]
Notional Amount	$ 3,800	$ 4,950
Maximum Term (Days)	546 days	546 days
Derivative, Fair Value, Net	$ (30)	$ 59
Other current assets
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	10	68
Other noncurrent assets
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	1	1
Other current liabilities
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability	(38)	(9)
Other noncurrent liabilities
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability	(3)	(1)
Designated
Derivative [Line Items]
Notional Amount	1,011	889
Derivative, Fair Value, Net	(28)	21
Designated | Other current assets
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	5	27
Designated | Other noncurrent assets
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	1	1
Designated | Other current liabilities
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability	(31)	(6)
Designated | Other noncurrent liabilities
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability	(3)	(1)
Non-Designated
Derivative [Line Items]
Notional Amount	2,789	4,061
Derivative, Fair Value, Net	(2)	38
Non-Designated | Other current assets
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	5	41
Non-Designated | Other noncurrent assets
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	0	0
Non-Designated | Other current liabilities
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability	(7)	(3)
Non-Designated | Other noncurrent liabilities
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability	$ 0	$ 0

Derivative Instruments (Income

Derivative Instruments (Income Statement Location) (Details) - Foreign Exchange Contract - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Foreign Currency Transaction Gain (Loss), before Tax			$ (2)	$ (6)
Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Foreign Currency Transaction Gain (Loss), before Tax			8	5
Other income (expense), net
Derivative Instruments, Gain (Loss) [Line Items]
Foreign Currency Transaction Gain (Loss), before Tax			$ (10)	$ (11)
Not Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Foreign Currency Transaction Gain (Loss), before Tax	$ (4)	$ (2)
Not Designated as Hedging Instrument | Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Foreign Currency Transaction Gain (Loss), before Tax	2	5
Not Designated as Hedging Instrument | Other income (expense), net
Derivative Instruments, Gain (Loss) [Line Items]
Foreign Currency Transaction Gain (Loss), before Tax	$ (6)	$ (7)

Derivative Instruments (Designa

Derivative Instruments (Designated Interest Rate Hedge) (Details) - Interest rate swap liability - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset	$ 0	$ 0
Other noncurrent assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset, Fair Value, Gross Asset	44	15
Long-term Debt
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset, Fair Value, Gross Liability	(44)	(15)
Designated as Hedging Instrument | Fair Value Hedging
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	$ 500	$ 500

Acquisitions (Narrative) (Detai

Acquisitions (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Business Acquisition [Line Items]
Acquisitions, net of cash acquired	$ 4,219	$ 92
Sage Products
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables	29
Total consideration	2,875
Physio Acquisition
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables	106
Total consideration	1,308
Acquisitions, net of cash acquired	1,308
Other
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables	5		$ 4
Total consideration	$ 233		$ 147

Acquisitions (Allocation Of The

Acquisitions (Allocation Of The Preliminary Purchase Price To The Acquired Net Assets Of The Trauson Acquisition (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Goodwill	$ 6,372	$ 4,136
Sage Products
Purchase price paid	2,870
Contingent consideration	5
Total consideration	2,875
Cash	91
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables	29
Inventory	63
Other assets	80
Liabilities	(76)
Goodwill	1,492
Assets and liabilities acquired, net	$ 2,875
Weighted-average life of intangible assets	15 years
Sage Products | Customer relationship
Tangible assets acquired:	$ 948
Sage Products | Trade name
Tangible assets acquired:	72
Sage Products | Developed technology and patents
Tangible assets acquired:	176
Sage Products | IPR&D
Tangible assets acquired:	0
Physio Acquisition
Purchase price paid	1,308
Contingent consideration	0
Total consideration	1,308
Cash	31
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables	106
Inventory	72
Other assets	120
Liabilities	(414)
Goodwill	642
Assets and liabilities acquired, net	$ 1,308
Weighted-average life of intangible assets	14 years
Physio Acquisition | Customer relationship
Tangible assets acquired:	$ 365
Physio Acquisition | Trade name
Tangible assets acquired:	157
Physio Acquisition | Developed technology and patents
Tangible assets acquired:	221
Physio Acquisition | IPR&D
Tangible assets acquired:	8
Other
Purchase price paid	225	138
Contingent consideration	8	9
Total consideration	233	147
Cash	0	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables	5	4
Inventory	9	9
Other assets	14	17
Liabilities	(18)	(7)
Goodwill	102	57
Assets and liabilities acquired, net	$ 233	$ 147
Weighted-average life of intangible assets	13 years	10 years
Other | Customer relationship
Tangible assets acquired:	$ 11	$ 12
Other | Trade name
Tangible assets acquired:	13	2
Other | Developed technology and patents
Tangible assets acquired:	90	53
Other | IPR&D
Tangible assets acquired:	$ 7	$ 0

Acquisitions (Future Amortizati

Acquisitions (Future Amortization Expense) (Details) $ in Millions	Jun. 30, 2016USD ($)
Business Combinations [Abstract]
Remainder of 2016	$ 171
2,017	343
2,018	336
2,019	328
2,020	$ 308

Contingencies and Commitments (

Contingencies and Commitments (Narrative) (Details) $ in Millions	Mar. 31, 2015patent	Jun. 30, 2015USD ($)	Apr. 30, 2011patent	Jun. 30, 2016USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2010patent
Loss Contingencies [Line Items]
Loss Contingency, Damages Awarded, Value				$ 1,460
Payments for Legal Settlements		$ 0
Rejuvenate and ABG II Voluntary Recall
Loss Contingencies [Line Items]
Insurance Recoveries				232
Rejuvenate and ABG II Voluntary Recall
Loss Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss				2,102
Estimated Litigation Liability				28
Loss Contingency, Damages Awarded, Value				1,359
Rejuvenate and ABG II Voluntary Recall | Minimum
Loss Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss				1,870
Rejuvenate and ABG II Voluntary Recall | Maximum
Loss Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss				$ 2,411
Zimmer Product Infringement
Loss Contingencies [Line Items]
Loss Contingency, Damages Awarded, Value					$ 0
Gain Contingency, Patents Allegedly Infringed upon, Number | patent						3
Hill-Rom Company
Loss Contingencies [Line Items]
Loss Contingency, Patents Allegedly Infringed, Number | patent			9
Loss Contingency, Patents Found Not Infringed, Number | patent	3
Loss Contingency, Patents Found Infringed, Number | patent	6

Debt and Credit Facilities (Det

Debt and Credit Facilities (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Proceeds from Issuance of Debt	$ 3,500
Weighted Average Maturity, Commercial Paper	40 days
Commercial Paper	$ 145	$ 0
Debt, Long-term and Short-term, Combined Amount	7,644	3,998
Debt, Current	927	768
Long-term debt, excluding current maturities	(6,717)	(3,230)
Unamortized Debt Issuance Expense	48	24
Line of Credit Facility, Remaining Borrowing Capacity	1,157	1,236
Debt Instrument, Fair Value Disclosure	$ 7,881	4,009
New Accounting Pronouncement, Early Adoption, Effect
Long-term debt, excluding current maturities		(24)
Commercial Paper
Debt Instrument, Maturity	397 days
Commercial Paper | Maximum
Commercial paper	$ 0
Senior Unsecured Notes 2.00% due 2016
Debt Instrument, Interest Rate, Stated Percentage	2.00%
Debt Instrument, Maturity Date	Sep. 30, 2016
Unsecured Debt	$ 750	749
Senior Unsecured Notes 1.30% due 2018
Debt Instrument, Interest Rate, Stated Percentage	1.30%
Debt Instrument, Maturity Date	Apr. 1, 2018
Unsecured Debt	$ 597	597
Senior Unsecured Notes 2.000% due 2019
Debt Instrument, Interest Rate, Stated Percentage	2.00%
Debt Instrument, Maturity Date	Mar. 8, 2019
Unsecured Debt	$ 745	0
Senior Unsecured Notes 4.375% Due 2020
Debt Instrument, Interest Rate, Stated Percentage	4.375%
Debt Instrument, Maturity Date	Jan. 15, 2020
Unsecured Debt	$ 497	496
Senior Unsecured Notes 2.625% due 2021
Debt Instrument, Interest Rate, Stated Percentage	2.625%
Debt Instrument, Maturity Date	Mar. 15, 2021
Unsecured Debt	$ 744	0
Senior Unsecured Notes 3.375% due 2024
Debt Instrument, Interest Rate, Stated Percentage	3.375%
Debt Instrument, Maturity Date	May 15, 2024
Unsecured Debt	$ 636	606
Senior Unsecured Notes 3.375% due 2025
Debt Instrument, Interest Rate, Stated Percentage	3.375%
Debt Instrument, Maturity Date	Nov. 1, 2025
Unsecured Debt	$ 744	744
Senior Unsecured Notes 3.50% due 2026
Debt Instrument, Interest Rate, Stated Percentage	3.50%
Debt Instrument, Maturity Date	Mar. 15, 2026
Unsecured Debt	$ 986	0
Senior Unsecured Notes 4.10% due 2043
Debt Instrument, Interest Rate, Stated Percentage	4.10%
Debt Instrument, Maturity Date	Apr. 1, 2043
Unsecured Debt	$ 391	390
Senior Unsecured Notes 4.375% due 2044
Debt Instrument, Interest Rate, Stated Percentage	4.375%
Debt Instrument, Maturity Date	May 15, 2044
Unsecured Debt	$ 394	394
Senior Unsecured Notes 4.625% due 2018
Debt Instrument, Interest Rate, Stated Percentage	4.625%
Debt Instrument, Maturity Date	Mar. 15, 2046
Unsecured Debt	$ 979	0
Other Debt
Unsecured Debt	$ 36	$ 22

Capital Stock (Narrative) (Deta

Capital Stock (Narrative) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	1 Months Ended	3 Months Ended	6 Months Ended
	Feb. 29, 2016	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015
Cash dividends declared, per share of common stock	$ 0.38	$ 0.38
Stock Repurchased During Period, Shares			135
Payments for Repurchase of Common Stock			$ 13	$ 324
2012 $405.0 Million Repurchase Agreement [Member]
Stock Repurchase Program, Remaining Authorized Repurchase Amount		$ 0	$ 0

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2016Rate	Jun. 30, 2015Rate	Jun. 30, 2016Rate	Jun. 30, 2015Rate
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	12.30%	2.20%	14.50%	20.80%

Segment Information (Sales And

Segment Information (Sales And Other Financial Information By Business Segment) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Net sales	$ 2,840	$ 2,432	$ 5,335	$ 4,811
Segment operating income	500	429	1,019	835
Acquisition and integration-related charges	(66)	(12)	(71)	(32)
Amortization of purchased intangible assets	(88)	(49)	(141)	(98)
Restructuring-related charges	(22)	(30)	(42)	(56)
Rejuvenate and ABG II recalls	(28)	(112)	(47)	(166)
Legal matters	0	53	12	53
Consolidated operating income	380	392	782	616
Assets	20,520		20,520		$ 16,223
Corporate and Other
Segment operating income	(80)	(73)	(162)	(142)
Operating Segments
Net sales	2,840	2,432	5,335	4,811
Segment operating income	784	652	1,470	1,276
Operating Segments | Orthopaedics
Net sales	1,082	1,035	2,139	2,058
Segment operating income	371	339	720	671
Operating Segments | MedSurg
Net sales	1,258	939	2,216	1,866
Segment operating income	253	196	451	376
Assets	8,916		8,916
Operating Segments | Neurotechnology and Spine
Net sales	500	458	980	887
Segment operating income	$ 160	$ 117	$ 299	$ 229