v3.25.4
Retirement Plans (Tables)
12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Defined Contribution Plan Disclosures
2025
2024
2023
Plan expense
$399
$376
$327
Expense funded with Stryker common stock
72
62
57
Stryker common stock held by plan:
Dollar amount
$763
$781
$649
Shares (in millions)
2.2
2.2
2.2
Value as a percentage of total plan assets
8%
10%
10%
Schedule of Costs of Retirement Plans
Components of Net Periodic Pension Cost
Net periodic benefit cost:
2025
2024
2023
Service cost
$(42)
$(39)
$(32)
Interest cost
(24)
(21)
(23)
Expected return on plan assets
22
19
18
Amortization of prior service credit
2
1
1
Recognized actuarial gain (loss)
(2)
(1)
4
Net periodic benefit cost
$(44)
$(41)
$(32)
Changes in assets and benefit obligations
recognized in OCI:
Net actuarial gain (loss)
$93
$43
$(67)
Recognized net actuarial (gain) loss
2
1
(4)
Prior service credit and transition amount
(2)
(1)
(1)
Total recognized in other comprehensive
income (loss)
$93
$43
$(72)
Total recognized in net periodic benefit cost
and OCI
$49
$2
$(104)
Weighted-average rates used to determine net
periodic benefit cost:
Discount rate
2.9%
2.8%
3.3%
Expected return on plan assets
4.1%
4.3%
4.2%
Rate of compensation increase
2.9%
3.0%
3.0%
Weighted-average discount rate used to
determine projected benefit obligations
3.6%
2.9%
2.8%
Schedule of Defined Benefit Plans Disclosures
2025
2024
Fair value of plan assets
$560
$492
Benefit obligations
(829)
(782)
Funded status
$(269)
$(290)
Reported as:
Noncurrent assets—other assets
$72
$48
Current liabilities—accrued compensation
(5)
(3)
Noncurrent liabilities—other liabilities
(336)
(335)
Pre-tax amounts recognized in AOCI:
Unrecognized net actuarial gain (loss)
101
6
Unrecognized prior service credit
8
8
Total
$109
$14
Schedule of Changes in Accumulated Postemployment Benefit Obligations
Change in Benefit Obligations
2025
2024
Beginning projected benefit obligations
$782
$826
Service cost
42
39
Interest cost
24
21
Foreign exchange impact and other
114
(52)
Employee contributions
9
7
Actuarial (gains) losses
(116)
(40)
Benefits paid
(26)
(19)
Ending projected benefit obligations
$829
$782
Ending accumulated benefit obligations
$786
$748
Schedule of Changes in Fair Value of Plan Assets
Change in Plan Assets
2025
2024
Beginning fair value of plan assets
$492
$485
Actual return
(3)
22
Employer contributions
23
23
Employee contributions
9
7
Foreign exchange impact
60
(31)
Benefits paid
(21)
(14)
Ending fair value of plan assets
$560
$492
Valuation of Plan Assets
2025
Level 1
Level 2
Level 3
Total
Cash and cash equivalents
$16
$
$
$16
Equity securities
9
162
171
Debt securities
2
230
232
Other
4
83
54
141
Total
$31
$475
$54
$560
2024
Level 1
Level 2
Level 3
Total
Cash and cash equivalents
$17
$
$
$17
Equity securities
8
125
133
Debt securities
2
203
205
Other
4
76
57
137
Total
$31
$404
$57
$492
Schedule of Allocation of Plan Assets
Allocation of Plan Assets
2026 Target
2025 Actual
2024 Actual
Equity securities
26%
32%
28%
Debt securities
41
39
40
Other
33
29
32
Total
100%
100%
100%
Schedule of Expected Benefit Payments
Estimated Future Benefit Payments
2026
2027
2028
2029
2030
2031-2035
$29
$32
$33
$34
$38
$223