Segment and Geographic Data

9 Months Ended

Sep. 30, 2025

Segment Information

SEGMENT INFORMATION

We segregate our operations into two reportable business

segments: (i) MedSurg and Neurotechnology and (ii)

Orthopaedics which aligns to our internal reporting structure and

how our Chief Operating Decision Maker (CODM) assesses the

performance of and allocates resources. The CODM is the Chief

Executive Officer. The CODM makes decisions on resource

allocation, assesses performance of the business, and monitors

budget versus actual results using segment operating income.

Our reportable segments and related disclosures reflect certain

reclassifications of prior year amounts from our Orthopaedics

segment to our MedSurg and Neurotechnology segment due to

changes in our internal reporting structure.


Segment Results
	Three Months		Nine Months
	2025	2024	2025	2024
MedSurg and Neurotechnology	$3,803	$3,324	$11,085	$9,636
Orthopaedics	2,254	2,170	6,860	6,523
Net sales	$6,057	$5,494	$17,945	$16,159
MedSurg and Neurotechnology	$1,426	$1,313	$4,162	$3,838
Orthopaedics	620	561	1,848	1,728
Cost of sales	$2,046	$1,874	$6,010	$5,566
MedSurg and Neurotechnology	$247	$205	$718	$594
Orthopaedics	132	136	399	406
Segment research, development and engineering expenses	$379	$341	$1,117	$1,000
MedSurg and Neurotechnology	$972	$780	$2,893	$2,318
Orthopaedics	742	760	2,332	2,267
Segment selling, general and administrative expenses	$1,714	$1,540	$5,225	$4,585
MedSurg and Neurotechnology	$56	$60	$171	$170
Orthopaedics	111	112	313	325
Segment depreciation and amortization	$167	$172	$484	$495
Corporate and Other	$48	$40	$127	$118
Amortization of intangible assets	189	159	543	467
Total depreciation and amortization	$404	$371	$1,154	$1,080
MedSurg and Neurotechnology	$1,102	$966	$3,141	$2,716
Orthopaedics	649	601	1,968	1,797
Segment operating income	$1,751	$1,567	$5,109	$4,513
Items not allocated to segments:
Corporate and Other	$(202)	$(211)	$(670)	$(676)
Inventory stepped up to fair value	(61)	(29)	(160)	(38)
Acquisition and integration-related charges	(39)	(48)	(302)	(49)
Amortization of intangible assets	(189)	(159)	(543)	(467)
Structural optimization and other special charges	(41)	(22)	(93)	(92)
Goodwill and other impairments	(73)	(2)	(163)	(21)
Medical device regulation	(11)	(13)	(30)	(41)
Recall-related matters	(1)	—	(56)	(22)
Regulatory and legal matters	—	1	(7)	1
Consolidated operating income	$1,134	$1,084	$3,085	$3,108


Segment Assets
	September 30	December 31
	2025	2024
Assets:
MedSurg and Neurotechnology	$27,280	$23,115
Orthopaedics	18,192	18,507
Total segment assets	$45,472	$41,622
Corporate and Other	1,585	1,349
Total assets	$47,057	$42,971

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

STRYKER CORP 10-Q