v3.26.1
RESTRUCTURING AND OTHER COSTS (Tables)
 6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Costs
Restructuring and other costs were recorded in the Consolidated Statements of Operations as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2026202520262025
Selling, general, and administrative expenses— — — 1 
Restructuring and other costs2 4 69 13 
Total restructuring and other costs$2 $4 $69 $14 
Schedule of Restructuring Accruals
The liabilities associated with the Company’s restructuring plans are recorded in Accrued liabilities and Other noncurrent liabilities in the Consolidated Balance Sheets. Activity in the Company’s restructuring accruals at June 30, 2026 was as follows:

Severance
(in millions)2024 and Prior Plans2026 PlanOther ActionsTotal
Balance at December 31, 2025$3 $— $7 $10 
Provisions— 59 10 69 
Amounts applied(2)(15)(4)(21)
Change in estimates— (3)(2)(5)
Balance at June 30, 2026$1 $41 $11 $53 
Other Restructuring Costs
(in millions)2024 and Prior Plans2026 PlanOther ActionsTotal
Balance at December 31, 2025$— $— $2 $2 
Provisions— 1 4 5 
Amounts applied— (1)(3)(4)
Balance at June 30, 2026$— $— $3 $3 
Schedule of Company’s Segment Information
The Company’s reportable segment information was as follows:

Three Months Ended June 30,
(in millions)2026
Connected Technology SolutionsEssential Dental SolutionsOrthodontic and Implant SolutionsWellspect HealthcareTotal
Net sales$239 $376 $197 $86 $898 
Adjusted cost of products sold (a)
148 119 86 36 
Adjusted selling expenses (b)
53 72 59 15 
Adjusted general and administrative (“G&A”) expenses (b)
20 20 18 8 
Adjusted research and development (“R&D”) expenses (c)
20 7 13 3 
Segment adjusted operating income$(2)$158 $21 $24 $201 
Reconciling items (income) expense:
Unallocated corporate costs (d)
$68 
Interest expense, net22 
Other income(12)
Restructuring and other costs2 
Amortization of intangibles48 
Depreciation resulting from the fair value step-up of property, plant, and equipment from business combinations1 
Income before income taxes$72 
(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)2025
Connected Technology SolutionsEssential Dental SolutionsOrthodontic and Implant SolutionsWellspect HealthcareTotal
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)
$68 
Interest expense, net24 
Other income1 
Goodwill and intangible asset impairments235 
Restructuring and other costs4 
Amortization of intangibles54 
Loss before income taxes$(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.
Six Months Ended June 30,
(in millions)2026
Connected Technology SolutionsEssential Dental SolutionsOrthodontic and Implant SolutionsWellspect HealthcareTotal
Net sales$485 $726 $396 $171 $1,778 
​
Adjusted cost of products sold (a)
304 251 190 73 
Adjusted selling expenses (b)
106 141 113 29 
Adjusted G&A expenses (b)
43 40 39 16 
Adjusted R&D expenses (c)
40 15 25 6 
Segment adjusted operating income$(8)$279 $29 $47 $347 
Reconciling items (income) expense:
Unallocated corporate costs (d)
$140 
Interest expense, net46 
Other income(29)
Restructuring and other costs69 
Amortization of intangibles90 
Depreciation resulting from the fair value step-up of property, plant, and equipment from business combinations1 
Income before income taxes$30
(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 SolutionsEssential Dental SolutionsOrthodontic and Implant SolutionsWellspect HealthcareTotal
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)
$155 
Interest expense, net43 
Other expense (income), net1 
Goodwill and intangible asset impairments235 
Restructuring and other costs13 
Amortization of intangibles99 
Depreciation resulting from the fair value step-up of property, plant, and equipment from business combinations1 
Loss before income taxes$(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.

Depreciation and Amortization
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2026202520262025
Connected Technology Solutions$30 $46 $67 $89 
Essential Dental Solutions88 1617
Orthodontic and Implant Solutions3623 5842
Wellspect Healthcare55 117
All other (a)
66 1212
Total$85 $88 $164 $167 
(a) Includes unallocated corporate costs for depreciation and amortization.
The cumulative amounts for the provisions and adjustments and amounts applied for all the plans by segment were as follows:
(in millions)December 31, 2025ProvisionsAmounts
Applied		Change in EstimatesJune 30, 2026
Connected Technology Solutions$1 $24 $(4)$(2)$19 
Essential Dental Solutions4 19 (10)(3)10 
Orthodontic and Implant Solutions3 20 (7)1 17 
Wellspect Healthcare2 5 — (1)6 
All Other2 6 (4)— 4 
Total$12 $74 $(25)$(5)$56