
	Three Months Ended June 30,
(in millions)	2025

	Connected Technology Solutions		Essential Dental Solutions		Orthodontic and Implant Solutions		Wellspect Healthcare		Total

Net sales	$	243	$	387	$	226	$	80	$	936

Adjusted cost of products sold (a)	140		138		98		33
Adjusted selling expenses (b)	54		72		54		13
Adjusted G&A expenses (b)	20		20		17		7
Adjusted R&D expenses (c)	17		6		12		2

Segment adjusted operating income	$	12	$	151	$	45	$	25	$	233

Reconciling items (income) expense:
Unallocated corporate costs (d)									$	68
Interest expense, net									24
Other expense (income), net									1
Goodwill and intangible asset impairments									235
Restructuring and other costs									4
Amortization of intangibles									54
Depreciation resulting from the fair value step-up of property, plant, and equipment from business combinations									—
Loss before income taxes									$	(153)


(a) Adjusted cost of products sold represents expenses adjusted to exclude intangible amortization expense, step-up depreciation expense, and other restructuring costs.
(b) Adjusted selling and adjusted G&A expenses represent expenses adjusted to exclude intangible amortization expense, other acquisition costs, step-up depreciation expense, and other restructuring costs.
(c) Adjusted R&D expenses represent expenses adjusted to exclude other restructuring costs.
(d) Unallocated corporate costs consist of general corporate expenses including corporate headcount costs, depreciation and amortization, certain professional service fees, and other operating costs which are not assigned to a specific segment.


	Three Months Ended June 30,
(in millions)	2024

	Connected Technology Solutions		Essential Dental Solutions		Orthodontic and Implant Solutions		Wellspect Healthcare		Total

Net sales	$	253	$	375	$	276	$	80	$	984

Adjusted cost of products sold (a)	150		147		106		32
Adjusted selling expenses (b)	61		80		81		14
Adjusted G&A expenses (b)	20		18		33		7
Adjusted R&D expenses (c)	19		5		14		3

Segment adjusted operating income	$	3	$	125	$	42	$	24	$	194

Reconciling items (income) expense:
Unallocated corporate costs (d)									$	69
Interest expense, net									17
Other expense (income), net									(1)
Goodwill and intangible asset impairments									—
Restructuring and other costs									21
Amortization of intangibles									54
Income before income taxes									$	34


(a) Adjusted cost of products sold represents expenses adjusted to exclude intangible amortization expense, step-up depreciation expense, and other restructuring costs.
(b) Adjusted selling and adjusted G&A expenses represent expenses adjusted to exclude intangible amortization expense, other acquisition costs, step-up depreciation expense, and other restructuring costs.
(c) Adjusted R&D expenses represent expenses adjusted to exclude other restructuring costs.
(d) Unallocated corporate costs consist of general corporate expenses including corporate headcount costs, depreciation and amortization, certain professional service fees, and other operating costs which are not assigned to a specific segment.


	Six Months Ended June 30,
(in millions)	2025

	Connected Technology Solutions		Essential Dental Solutions		Orthodontic and Implant Solutions		Wellspect Healthcare		Total

Net sales	$	478	$	740	$	443	$	154	$	1,815

Adjusted cost of products sold (a)	275		262		191		60
Adjusted selling expenses (b)	112		142		108		26
Adjusted G&A expenses (b)	38		38		39		13
Adjusted R&D expenses (c)	34		11		23		5

Segment adjusted operating income	$	19	$	287	$	82	$	50	$	438

Reconciling items (income) expense:
Unallocated corporate costs (d)									$	155
Interest expense, net									43
Other expense (income), net									1
Goodwill and intangible asset impairments									235
Restructuring and other costs									13
Amortization of intangibles									99
Depreciation resulting from the fair value step-up of property, plant, and equipment from business combinations									1
Loss before income taxes									$	(109)


(a) Adjusted cost of products sold represents expenses adjusted to exclude intangible amortization expense, step-up depreciation expense, and other restructuring costs.
(b) Adjusted selling and adjusted G&A expenses represent expenses adjusted to exclude intangible amortization expense, other acquisition costs, step-up depreciation expense, and other restructuring costs.
(c) Adjusted R&D expenses represent expenses adjusted to exclude other restructuring costs.
(d) Unallocated corporate costs consist of general corporate expenses including corporate headcount costs, depreciation and amortization, certain professional service fees, and other operating costs which are not assigned to a specific segment.


	Six Months Ended June 30,
(in millions)	2024

	Connected Technology Solutions		Essential Dental Solutions		Orthodontic and Implant Solutions		Wellspect Healthcare		Total

Net sales	$	500	$	739	$	547	$	151	$	1,937

Adjusted cost of products sold (a)	296		285		206		59
Adjusted selling expenses (b)	122		163		164		27
Adjusted G&A expenses (b)	39		39		67		13
Adjusted R&D expenses (c)	38		12		26		5

Segment adjusted operating income	$	5	$	240	$	84	$	47	$	376

Reconciling items (income) expense:
Unallocated corporate costs (d)									$	148
Interest expense, net									35
Other expense (income), net									(8)
Goodwill and intangible asset impairments									6
Restructuring and other costs									22
Amortization of intangibles									108
Income before income taxes									$	65


(a) Adjusted cost of products sold represents expenses adjusted to exclude intangible amortization expense, step-up depreciation expense, and other restructuring costs.
(b) Adjusted selling and adjusted G&A expenses represent expenses adjusted to exclude intangible amortization expense, other acquisition costs, step-up depreciation expense, and other restructuring costs.
(c) Adjusted R&D expenses represent expenses adjusted to exclude other restructuring costs.
(d) Unallocated corporate costs consist of general corporate expenses including corporate headcount costs, depreciation and amortization, certain professional service fees, and other operating costs which are not assigned to a specific segment.


	Three Months Ended June 30,		Six Months Ended June 30,
(in millions)	2025	2024	2025	2024

Connected Technology Solutions	46	43	89	86
Essential Dental Solutions	8	8	17	17
Orthodontic and Implant Solutions	23	25	42	50
Wellspect Healthcare	5	5	7	9
All other (a)	6	5	12	10
Total	88	86	167	172


(in millions)	December 31, 2024		Provisions		Amounts Applied		Change in Estimates		June 30, 2025

Connected Technology Solutions	$	9	$	3	$	(9)	$	(2)	$	1
Essential Dental Solutions	11		—		(6)		—		5
Orthodontic and Implant Solutions	9		2		(4)		—		7
Wellspect Healthcare	3		1		(2)		—		2
All Other	1		7		(7)		—		1
Total	$	33	$	13	$	(28)	$	(2)	$	16