v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Reconciliation of Segment Information to Total Consolidated Information
Presented in the table below is segment information for the periods identified and a reconciliation of segment information to total consolidated information.
Three Months Ended June 30, 2026
(In millions)
Developed MarketsGreater ChinaJANZEmerging MarketsTotal Reportable Segments
Net sales
$2,193.7 $713.8 $296.1 $542.3 $3,745.9 
Other revenues
9.3 — 0.1 1.5 10.9 
Total revenues
$2,203.0 $713.8 $296.2 $543.8 $3,756.8 
Less:
Cost of sales
1,036.2 77.4 180.3 237.1 
Selling, general and administration
229.5 126.9 39.6 74.4 
Segment profit
$937.3 $509.5 $76.3 $232.3 $1,755.4 
Reconciliation of segment profit:
Intangible asset amortization expense
(571.9)
Intangible asset (including IPR&D) impairment charges(7.4)
Research and development
(248.3)
Acquired IPR&D
5.8 
Litigation settlements & other contingencies, net
(73.2)
Transaction related and other special items
(437.0)
Corporate and other unallocated
(417.1)
Earnings from operations$6.3 
Six Months Ended June 30, 2026
(In millions)Developed MarketsGreater ChinaJANZEmerging MarketsTotal Reportable Segments
Net sales
$4,214.5 $1,393.9 $569.5 $1,077.7 $7,255.6 
Other revenues
14.5 — 0.2 3.5 18.2 
Total revenues
$4,229.0 $1,393.9 $569.7 $1,081.2 $7,273.8 
Less:
Cost of sales
2,048.6 148.3 354.7 456.7 
Selling, general and administration
462.3 238.8 74.0 145.5 
Segment profit$1,718.1 $1,006.8 $141.0 $479.0 $3,344.9 
Reconciliation of segment profit:
Intangible asset amortization expense
(1,156.5)
Intangible asset (including IPR&D) impairment charges(7.4)
Research and development
(496.9)
Acquired IPR&D
(0.2)
Litigation settlements and other contingencies, net
(126.7)
Transaction related and other special items
(819.4)
Corporate and other unallocated
(811.2)
Loss from operations$(73.4)
Three Months Ended June 30, 2025
(In millions)
Developed MarketsGreater ChinaJANZEmerging MarketsTotal Reportable Segments
Net sales
$2,119.3 $588.9 $305.7 $555.1 $3,569.0 
Other revenues
10.3 — 1.0 1.8 13.1 
Total revenues
$2,129.6 $588.9 $306.7 $556.9 $3,582.1 
Less:
Cost of sales
1,004.6 62.5 181.7 240.4 
Selling, general and administration
249.5 124.6 41.3 78.4 
Segment profit
$875.5 $401.8 $83.7 $238.1 $1,599.1 
Reconciliation of segment profit:
Intangible asset amortization expense
(583.3)
Intangible asset (including IPR&D) impairment charges(2.2)
Research and development
(218.8)
Acquired IPR&D
— 
Litigation settlements & other contingencies, net
47.6 
Transaction related and other special items
(212.8)
Corporate and other unallocated
(396.6)
Earnings from operations$233.0 
Six Months Ended June 30, 2025
(In millions)Developed MarketsGreater ChinaJANZEmerging MarketsTotal Reportable Segments
Net sales
$4,011.0 $1,144.4 $581.8 $1,075.0 $6,812.2 
Other revenues
17.2 — 2.0 5.0 24.2 
Total revenues
$4,028.2 $1,144.4 $583.8 $1,080.0 $6,836.4 
Less:
Cost of sales
1,930.8 123.3 358.2 453.2 
Selling, general and administration
483.8 234.6 79.7 152.7 
Segment profit$1,613.6 $786.5 $145.9 $474.1 $3,020.1 
Reconciliation of segment profit:
Intangible asset amortization expense
(1,154.5)
Intangible asset (including IPR&D) impairment charges(2.2)
Impairment of goodwill
(2,936.8)
Research and development
(440.8)
Acquired IPR&D
(10.0)
Litigation settlements and other contingencies, net
121.1 
Transaction related and other special items
(469.3)
Corporate and other unallocated
(776.8)
Loss from operations
$(2,649.2)