2021 Q4 Form 10-Q Financial Statement
#000162828021023199 Filed on November 12, 2021
Income Statement
Concept | 2021 Q4 | 2021 Q3 | 2020 Q3 |
---|---|---|---|
Revenue | $1.603B | $1.600B | $1.613B |
YoY Change | -0.62% | -0.81% | |
Cost Of Revenue | $592.0M | $609.0M | $535.0M |
YoY Change | 1.02% | 13.83% | |
Gross Profit | $1.011B | $991.0M | $1.078B |
YoY Change | -1.56% | -8.07% | |
Gross Profit Margin | 63.07% | 61.94% | 66.83% |
Selling, General & Admin | $477.0M | $388.0M | $321.0M |
YoY Change | 9.91% | 20.87% | |
% of Gross Profit | 47.18% | 39.15% | 29.78% |
Research & Development | $114.0M | $111.0M | $54.00M |
YoY Change | 90.0% | 105.56% | |
% of Gross Profit | 11.28% | 11.2% | 5.01% |
Depreciation & Amortization | $62.00M | $52.00M | $107.0M |
YoY Change | 77.14% | -51.4% | |
% of Gross Profit | 6.13% | 5.25% | 9.93% |
Operating Expenses | $592.0M | $499.0M | $375.0M |
YoY Change | 20.08% | 33.07% | |
Operating Profit | $419.0M | $492.0M | $703.0M |
YoY Change | -21.54% | -30.01% | |
Interest Expense | -$96.00M | $98.00M | $0.00 |
YoY Change | -1300.0% | ||
% of Operating Profit | -22.91% | 19.92% | 0.0% |
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $236.0M | $389.0M | $681.0M |
YoY Change | -55.05% | -42.88% | |
Income Tax | $34.00M | $66.00M | $121.0M |
% Of Pretax Income | 14.41% | 16.97% | 17.77% |
Net Earnings | $202.0M | $323.0M | $547.0M |
YoY Change | -45.11% | -40.95% | |
Net Earnings / Revenue | 12.6% | 20.19% | 33.91% |
Basic Earnings Per Share | $1.27 | $2.16 | |
Diluted Earnings Per Share | $793.0K | $1.27 | $2.16 |
COMMON SHARES | |||
Basic Shares Outstanding | 253.6M shares | 253.5M shares | 253.5M shares |
Diluted Shares Outstanding | 254.2M shares | 253.5M shares |
Balance Sheet
Concept | 2021 Q4 | 2021 Q3 | 2020 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $737.0M | $1.008B | |
YoY Change | 6041.67% | ||
Cash & Equivalents | $737.0M | $1.008B | $0.00 |
Short-Term Investments | |||
Other Short-Term Assets | $726.0M | $905.0M | |
YoY Change | -21.94% | ||
Inventory | $915.0M | $918.0M | |
Prepaid Expenses | |||
Receivables | $1.382B | $1.498B | |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $3.760B | $4.329B | |
YoY Change | 5.41% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $973.0M | $967.0M | |
YoY Change | -1.12% | ||
Goodwill | $4.603B | $4.603B | |
YoY Change | 0.0% | ||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $464.0M | $465.0M | |
YoY Change | 10.21% | ||
Total Long-Term Assets | $6.921B | $7.006B | |
YoY Change | 5.79% | ||
TOTAL ASSETS | |||
Total Short-Term Assets | $3.760B | $4.329B | |
Total Long-Term Assets | $6.921B | $7.006B | |
Total Assets | $10.68B | $11.34B | |
YoY Change | 5.66% | ||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.382B | $1.673B | |
YoY Change | 433.59% | ||
Accrued Expenses | $1.021B | $1.082B | |
YoY Change | 54.93% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
Long-Term Debt Due | $9.000M | $39.00M | |
YoY Change | |||
Total Short-Term Liabilities | $2.597B | $3.129B | |
YoY Change | -2.84% | ||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $9.125B | $9.259B | |
YoY Change | |||
Other Long-Term Liabilities | $463.0M | $506.0M | |
YoY Change | -73.38% | ||
Total Long-Term Liabilities | $9.588B | $9.765B | |
YoY Change | 451.35% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.597B | $3.129B | |
Total Long-Term Liabilities | $9.588B | $9.765B | |
Total Liabilities | $12.19B | $12.89B | |
YoY Change | 176.18% | ||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$998.0M | -$1.128B | |
YoY Change | |||
Common Stock | $3.000M | $3.000M | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$1.508B | -$1.618B | $7.335B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $10.68B | $11.34B | |
YoY Change | 5.66% |
Cashflow Statement
Concept | 2021 Q4 | 2021 Q3 | 2020 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $202.0M | $323.0M | $547.0M |
YoY Change | -45.11% | -40.95% | |
Depreciation, Depletion And Amortization | $62.00M | $52.00M | $107.0M |
YoY Change | 77.14% | -51.4% | |
Cash From Operating Activities | $47.00M | $368.0M | $1.757B |
YoY Change | -89.07% | -79.06% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$138.0M | -$61.00M | -$134.0M |
YoY Change | 14.05% | -54.48% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $5.000M | $0.00 | -$6.000M |
YoY Change | 66.67% | -100.0% | |
Cash From Investing Activities | -$133.0M | -$61.00M | -$140.0M |
YoY Change | 12.71% | -56.43% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | $100.0M | ||
YoY Change | |||
Cash From Financing Activities | -187.0M | -18.00M | -1.498B |
YoY Change | -72.38% | -98.8% | |
NET CHANGE | |||
Cash From Operating Activities | 47.00M | 368.0M | 1.757B |
Cash From Investing Activities | -133.0M | -61.00M | -140.0M |
Cash From Financing Activities | -187.0M | -18.00M | -1.498B |
Net Change In Cash | -273.0M | 289.0M | 119.0M |
YoY Change | -25.21% | 142.86% | |
FREE CASH FLOW | |||
Cash From Operating Activities | $47.00M | $368.0M | $1.757B |
Capital Expenditures | -$138.0M | -$61.00M | -$134.0M |
Free Cash Flow | $185.0M | $429.0M | $1.891B |
YoY Change | -66.42% | -77.31% |
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60000000 | USD |
CY2020Q4 | us-gaap |
Inventory Noncurrent
InventoryNoncurrent
|
127000000 | USD |
CY2021Q3 | us-gaap |
Inventory Net
InventoryNet
|
918000000 | USD |
CY2020Q4 | us-gaap |
Inventory Net
InventoryNet
|
913000000 | USD |
CY2021Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
905000000 | USD |
CY2020Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
930000000 | USD |
CY2021Q3 | us-gaap |
Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
0 | USD |
CY2020Q4 | us-gaap |
Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
674000000 | USD |
CY2021Q3 | us-gaap |
Assets Current
AssetsCurrent
|
4329000000 | USD |
CY2020Q4 | us-gaap |
Assets Current
AssetsCurrent
|
3567000000 | USD |
CY2021Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
967000000 | USD |
CY2020Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
984000000 | USD |
CY2021Q3 | us-gaap |
Goodwill
Goodwill
|
4603000000 | USD |
CY2020Q4 | us-gaap |
Goodwill
Goodwill
|
4603000000 | USD |
CY2021Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
683000000 | USD |
CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
503000000 | USD |
CY2021Q3 | us-gaap |
Deferred Income Taxes And Other Assets Noncurrent
DeferredIncomeTaxesAndOtherAssetsNoncurrent
|
753000000 | USD |
CY2020Q4 | us-gaap |
Deferred Income Taxes And Other Assets Noncurrent
DeferredIncomeTaxesAndOtherAssetsNoncurrent
|
361000000 | USD |
CY2021Q3 | us-gaap |
Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
|
0 | USD |
CY2020Q4 | us-gaap |
Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
|
91000000 | USD |
CY2021Q3 | us-gaap |
Assets
Assets
|
11335000000 | USD |
CY2020Q4 | us-gaap |
Assets
Assets
|
10109000000 | USD |
CY2021Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
39000000 | USD |
CY2020Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
0 | USD |
CY2021Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1673000000 | USD |
CY2020Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
259000000 | USD |
CY2021Q3 | ogn |
Accrued And Other Liabilities Current
AccruedAndOtherLiabilitiesCurrent
|
1082000000 | USD |
CY2020Q4 | ogn |
Accrued And Other Liabilities Current
AccruedAndOtherLiabilitiesCurrent
|
659000000 | USD |
CY2021Q3 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
0 | USD |
CY2020Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
1339000000 | USD |
CY2021Q3 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
335000000 | USD |
CY2020Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
288000000 | USD |
CY2021Q3 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
0 | USD |
CY2020Q4 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
128000000 | USD |
CY2021Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
3129000000 | USD |
CY2020Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
2673000000 | USD |
CY2021Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
9259000000 | USD |
CY2020Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
0 | USD |
CY2021Q3 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
59000000 | USD |
CY2020Q4 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
128000000 | USD |
CY2021Q3 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
506000000 | USD |
CY2020Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
1739000000 | USD |
CY2021Q3 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
|
0 | USD |
CY2020Q4 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
|
83000000 | USD |
CY2021Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2020Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2021Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2021Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2021Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
253545051 | shares |
CY2021Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
253545051 | shares |
CY2021Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
3000000 | USD |
CY2020Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
0 | USD |
CY2021Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
0 | USD |
CY2020Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
0 | USD |
CY2021Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1128000000 | USD |
CY2020Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
0 | USD |
CY2021Q3 | ogn |
Net Investment
NetInvestment
|
0 | USD |
CY2020Q4 | ogn |
Net Investment
NetInvestment
|
6108000000 | USD |
CY2021Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-493000000 | USD |
CY2020Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-622000000 | USD |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1618000000 | USD |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5486000000 | USD |
CY2021Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
11335000000 | USD |
CY2020Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
10109000000 | USD |
CY2020Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
7005000000 | USD |
CY2020Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
547000000 | USD |
CY2020Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
44000000 | USD |
CY2020Q3 | ogn |
Net Transfer
NetTransfer
|
261000000 | USD |
CY2020Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
7335000000 | USD |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1934000000 | USD |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
323000000 | USD |
CY2021Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-26000000 | USD |
CY2021Q3 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
74000000 | USD |
CY2021Q3 | ogn |
Net Transfers In Connection With Separation
NetTransfersInConnectionWithSeparation
|
78000000 | USD |
CY2021Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
15000000 | USD |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1618000000 | USD |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
7035000000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1792000000 | USD | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-78000000 | USD | |
ogn |
Net Transfer
NetTransfer
|
1414000000 | USD | |
CY2020Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
7335000000 | USD |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5486000000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1149000000 | USD | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
118000000 | USD | |
us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
74000000 | USD | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
23000000 | USD | |
ogn |
Net Transfers In Connection With Separation
NetTransfersInConnectionWithSeparation
|
680000000 | USD | |
ogn |
Consideration Paid In Connection With The Separation
ConsiderationPaidInConnectionWithTheSeparation
|
9000000000 | USD | |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1618000000 | USD |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
1149000000 | USD | |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
1880000000 | USD | |
us-gaap |
Depreciation
Depreciation
|
64000000 | USD | |
us-gaap |
Depreciation
Depreciation
|
42000000 | USD | |
us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
69000000 | USD | |
us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
65000000 | USD | |
us-gaap |
Research And Development In Process
ResearchAndDevelopmentInProcess
|
25000000 | USD | |
us-gaap |
Research And Development In Process
ResearchAndDevelopmentInProcess
|
0 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-212000000 | USD | |
us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
18000000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
44000000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
32000000 | USD | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-37000000 | USD | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
0 | USD | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-7000000 | USD | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
0 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
376000000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
127000000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
90000000 | USD | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-1000000 | USD | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-177000000 | USD | |
us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-120000000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
944000000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
11000000 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
386000000 | USD | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-69000000 | USD | |
us-gaap |
Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
-164000000 | USD | |
us-gaap |
Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
0 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
7000000 | USD | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-148000000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-46000000 | USD | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
25000000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
2113000000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
1800000000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
133000000 | USD | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
134000000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
2000000 | USD | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
3000000 | USD | |
us-gaap |
Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
|
25000000 | USD | |
us-gaap |
Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
|
0 | USD | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
192000000 | USD | |
us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
0 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-348000000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-131000000 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
9470000000 | USD | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
0 | USD | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
10000000 | USD | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
0 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
118000000 | USD | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
0 | USD | |
us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
1512000000 | USD | |
us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
0 | USD | |
ogn |
Consideration Paid In Connection With Separation
ConsiderationPaidInConnectionWithSeparation
|
9000000000 | USD | |
ogn |
Consideration Paid In Connection With Separation
ConsiderationPaidInConnectionWithSeparation
|
0 | USD | |
ogn |
Net Financing Transfers
NetFinancingTransfers
|
-454000000 | USD | |
ogn |
Net Financing Transfers
NetFinancingTransfers
|
1669000000 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
74000000 | USD | |
us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
0 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-790000000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
-1669000000 | USD | |
us-gaap |
Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
298000000 | USD | |
us-gaap |
Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
-43000000 | USD | |
us-gaap |
Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
0 | USD | |
us-gaap |
Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
-9000000 | USD | |
us-gaap |
Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
|
-356000000 | USD | |
us-gaap |
Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
|
171000000 | USD | |
us-gaap |
Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
|
-58000000 | USD | |
us-gaap |
Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
|
119000000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
21000000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
|
0 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
|
-57000000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
938000000 | USD | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
62000000 | USD | |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
12000000 | USD |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | USD |
CY2020Q4 | us-gaap |
Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
|
58000000 | USD |
CY2019Q4 | us-gaap |
Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
|
319000000 | USD |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
|
1008000000 | USD |
CY2020Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
|
381000000 | USD |
CY2021Q3 | us-gaap |
Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
|
0 | USD |
CY2020Q3 | us-gaap |
Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
|
381000000 | USD |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1008000000 | USD |
CY2020Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | USD |
us-gaap |
Nature Of Operations
NatureOfOperations
|
Background and Nature of Operations<div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Organon & Co. ("Organon" or the "Company") is a global healthcare company that develops and delivers innovative health solutions through a portfolio of prescription therapies within women's health, biosimilars and established brands (the "Organon Products"). The Company sells these products through various channels including drug wholesalers and retailers, hospitals, government agencies and managed health care providers such as health maintenance organizations, pharmacy benefit managers and other institutions. The Company operates six manufacturing facilities, which are located in Belgium, Brazil, Indonesia, Mexico, the Netherlands and the United Kingdom ("UK").</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">On June 2, 2021, Organon and Merck & Co., Inc. ("Merck") entered into a Separation and Distribution Agreement (the "Separation and Distribution Agreement"). Pursuant to the Separation and Distribution Agreement, Merck agreed to spin off the Organon Products into Organon, a new, publicly traded company (the "Separation"). </span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In connection with the Separation, on June 2, 2021, Merck distributed (the "Distribution"), on a pro rata basis, to holders of the outstanding shares of common stock of Merck, par value $0.50 per share (the "Merck Common Stock") on May 17, 2021 (the "Record Date"), all of the outstanding shares of common stock, par value $0.01 per share, of Organon (the "Common Stock"). Each Merck shareholder was entitled to receive one-tenth of a share of the Common Stock for each share of Merck Common Stock held on the Record Date. Organon is now a standalone publicly traded company and, on June 3, 2021, regular-way trading of the Common Stock commenced on the New York Stock Exchange under the ticker symbol "OGN."</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Separation was completed pursuant to the Separation and Distribution Agreement and other agreements with Merck related to the Separation, including, but not limited to a tax matters agreement (the "Tax Matters Agreement" or "TMA"), an employee matters agreement (the "Employee Matters Agreement" or "EMA") and a transition services agreement (the "Transition Service Agreement" or "TSA") (see Note 17 for additional details).</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s operations include the following product portfolios: </span></div><div style="margin-top:3pt;padding-left:72pt;text-align:justify;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:5.5pt">Women’s Health</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">: the Company has a portfolio of contraception and fertility brands, such as </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Nexplanon/Implanon NXT </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(etonogestrel implant), a long-acting reversible contraceptive, which is a class of contraceptives that are recognized as the most effective type of hormonal contraception available to patients with a lower long-term average cost.</span></div><div style="margin-top:3pt;padding-left:72pt;text-align:justify;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:5.5pt">Biosimilars:</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> the Company’s current portfolio spans across immunology and oncology treatments. All five of the biosimilars in Organon’s portfolio have launched in certain countries globally, including two biosimilars in the United States.</span></div><div style="margin-top:3pt;padding-left:72pt;text-align:justify;text-indent:-9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%;padding-left:5.5pt">Established Brands</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">: the Company has a portfolio of established brands, which generally are beyond market exclusivity, including leading brands in cardiovascular, respiratory, dermatology and non-opioid pain management.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The historical results included certain Merck non-U.S. legal entities that were conveyed to Organon in connection with the Separation (collectively, the "Transferred Entities" and each, a "Transferred Entity") and included operations related to other Merck products that were retained by Merck ("Merck Retained Products"). The Merck Retained Products business of the Transferred Entities was contributed by the Company to Merck and its affiliates and any remaining assets and liabilities were transferred as of June 2, 2021. Accordingly, the historical results of operations of the Merck Retained Products have been reflected as discontinued operations in these Condensed Consolidated Financial Statements (see Note 2).</span></div> | ||
CY2021Q3 | ogn |
Number Of Manufacturing Facilities
NumberOfManufacturingFacilities
|
6 | manufacturingFacility |
CY2021Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
us-gaap |
Basis Of Accounting
BasisOfAccounting
|
Basis of Presentation<div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">On June 2, 2021, the Company became a standalone publicly traded company, and its financial statements are now presented on a consolidated basis. Prior to the Separation on June 2, 2021, the Company’s historical combined financial statements were prepared on a standalone basis and were derived from Merck’s consolidated financial statements and accounting records. The unaudited financial statements for all periods presented, including the historical results of the Company prior to June 2, 2021, are now referred to as "Condensed Consolidated Financial Statements", and have been prepared pursuant to the rules and regulations for reporting on Form 10-Q. Accordingly, certain information and disclosures required by U.S. generally accepted accounting principles ("GAAP") for complete consolidated financial statements are not included herein. The results of operations of any interim period are not necessarily indicative of the results of operations for the full year. In the Company’s opinion, all adjustments necessary for a fair statement of these interim statements have been included and are of a normal and recurring nature. These interim statements should be read in conjunction with the audited financial statements and notes thereto included in Organon’s Registration Statement on Form 10, as amended, filed on April 29, 2021 (the "Form 10"). </span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Periods Prior to Separation</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The assets, liabilities, revenue and expenses of the Company were reflected in the Condensed Consolidated Financial Statements on a historical cost basis, as included in the consolidated financial statements of Merck, using the </span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">historical accounting policies applied by Merck. The Condensed Consolidated Financial Statements did not purport to reflect what the Company’s results of operations, comprehensive income, financial position, equity or cash flows would have been had the Company operated as a standalone public company during the periods presented. </span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The Condensed Consolidated Financial Statements were prepared following a legal entity approach, which resulted in the inclusion of the following:</span></div><div style="margin-top:3pt;padding-left:36pt;text-align:justify;text-indent:-13.5pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt">Certain assets and liabilities, results of operations and cash flows attributable to the sales of Organon Products that have been or were contributed to Organon prior to the consummation of the Separation.</span></div><div style="margin-top:3pt;padding-left:36pt;text-align:justify;text-indent:-13.5pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:9.65pt">The Transferred Entities, which have historically included the results from the sales of both Organon Products and the Merck Retained Products. Each Transferred Entity’s historical operations, including its results of operations, assets and liabilities, and cash flows have been fully reflected in the Condensed Consolidated Financial Statements.</span></div><div style="margin-top:3pt;padding-left:36pt;text-align:justify;text-indent:-13.5pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:10pt">In contemplation of the Separation the Merck Retained Products business of the Transferred Entities was distributed to Merck and its affiliates ("MRP Distribution") and, accordingly, the historical results of operations, assets and liabilities, and the cash flows of the Merck Retained Products for such Transferred Entities are reflected as discontinued operations.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The Company’s businesses had historically functioned together with the other businesses controlled by Merck. Accordingly, the Company relied on Merck’s corporate and other support functions for its business. Therefore, for the period prior to the Separation, certain corporate and shared costs were allocated to the Company based on a specific identification basis or, when specific identification was not practicable, a proportional cost allocation method, including:</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(i) expenses related to Merck support functions, including expenses for facilities, executive oversight, treasury, finance, legal, human resources, shared services, compliance, procurement, information technology and other corporate functions.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(ii) certain manufacturing and supply costs incurred by Merck’s manufacturing division, including facility management, distribution, logistics, planning and global quality. </span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(iii) certain costs incurred by Merck’s human health division in relation to selling and marketing activities, and related administrative support functions, that are not routinely allocated to therapeutic areas.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(iv) certain costs incurred by Merck’s research laboratories for activities related to drug discovery and development, as well as medical and regulatory affairs.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(v) restructuring costs (see Note 5) and stock-based compensation expenses (see Note 11); and</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(vi) certain compensation expenses maintained on a centralized basis such as certain employee benefit expenses.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management believes these cost allocations were a reasonable reflection of the utilization of services provided to, or the benefit derived by, the Company during the period prior to the Separation, though the allocations may not be indicative of the actual costs that would have been incurred had the Company operated as a standalone public company. Actual costs that may have been incurred if the Company had been a standalone company would depend on a number of factors, including the chosen organizational structure, whether functions were outsourced or performed by Company’s employees, and strategic decisions made in areas such as manufacturing, selling and marketing, research and development, information technology and infrastructure.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Merck maintains various employee benefit plans in which the Company’s employees participated during periods prior to the Separation, and a portion of the costs associated with these plans was included in the Company’s Condensed Consolidated Financial Statements. The Condensed Consolidated Balance Sheet at December 31, 2020 only includes assets and liabilities relating to plans for which the entity being transferred is the plan sponsor. Certain pension assets and obligations were transferred by Merck into legal entities established to operate the Organon Products business (the "Organon Entities") that are the plan sponsor and, accordingly, the Condensed Consolidated Balance Sheet at September 30, 2021 includes assets and liabilities of the newly established plans of Organon.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Merck utilized a centralized approach to cash management and the financing of its operations. Cash generated by the Company was routinely transferred into accounts managed by Merck’s centralized treasury function and cash disbursements for the Company’s operations prior to the Separation were funded as needed by Merck. Cash and cash equivalents of the Organon Entities and the Transferred Entities were reflected in the Company’s Condensed Consolidated Balance Sheet. Balances held by the Organon Entities and the Transferred Entities with Merck for cash transfers and loans were reflected as </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Due to related party</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> prior to Separation. All other cash, cash equivalents, short-term investments and related transfers between Merck and the Company were generally held centrally through accounts controlled and maintained by Merck and were not specifically identifiable to the Company. Accordingly, such balances were accounted for through</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> Net investment from Merck & Co., Inc</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. </span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Merck’s third-party debt and related interest expense were not attributed to the Company because the Company was not the legal obligor of the debt and the borrowings were not specifically identifiable to the Company.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the Organon Entities and the Transferred Entities, transactions with Merck affiliates were included in the Condensed Consolidated Statement of Income and related balances were reflected as </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Due to related party,</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Due from related party </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">or </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Related Party Loans Payable</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> in the continuing operations and discontinued operations, as applicable. Other balances between the Company and Merck were considered to be effectively settled in the Condensed Consolidated Financial Statements at the time the transactions were recorded. See Note 17 for additional details.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As the separate legal entities that made up the Company’s business were not historically held by a single legal entity, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Net investment from Merck & Co., Inc.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> was shown in lieu of stockholders’ equity in these Condensed Consolidated Financial Statements. </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Net investment from Merck & Co., Inc.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> represented Merck’s interest in the recorded assets of the Company and the cumulative investment by Merck in the Company through the date of Separation, inclusive of operating results.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Income tax expense and tax balances in the Condensed Consolidated Financial Statements have been calculated on a separate tax return basis. The Company’s operations are included in the tax returns of certain Organon Entities, Transferred Entities or the respective Merck entities of which the Company’s business was a part.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">As of Separation Date</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain assets and liabilities, including accounts receivables, inventories and trade payables included on the Condensed Consolidated Balance Sheet prior to the Separation, have been retained by Merck post-Separation and therefore were adjusted through </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Net investment from Merck & Co., Inc.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> in the Company’s Condensed Consolidated Financial Statements. Additionally, certain amounts previously included in </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Due to related party </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">or </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Due from related party </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">are reflected in accounts receivable and trade accounts payable as of September 30, 2021. As part of the Separation, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Net investment from Merck & Co., Inc.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> was reclassified to </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Common Stock</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Accumulated Deficit</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">In connection with the Separation, additional pension assets and obligations were transferred to Organon, and the Company recorded these in the Condensed Consolidated Balance Sheet. See Note 12 for details. Additionally, stock-based awards were converted in accordance with the Employee Matters Agreement, ("EMA"). See Note 11 for details.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">During the second quarter of 2021, an aggregate of $9.5 billion of debt was issued in connection with the Separation. (see Note 9 for additional details). The Company distributed $9.0 billion of the $9.5 billion proceeds to Merck in accordance with the terms of the Separation.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:115%">Periods Post Separation</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Following the Separation, certain functions continue to be provided by Merck under the Transition Services Agreement or are being performed using the Company’s own resources or third-party service providers. Additionally, under manufacturing and supply agreements, the Company manufactures certain products for Merck, or its applicable affiliate and Merck manufactures certain products for the Company or its applicable affiliate. The Company incurred certain costs in its establishment as a standalone public company and expects to incur ongoing additional costs associated with operating as an independent, publicly traded company.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Property, plant and equipment reflected in the Condensed Consolidated Balance Sheet is primarily attributable to the six manufacturing facilities the Company operates and certain information technology assets. In June 2021, the Company established a balance sheet risk management and a net investment hedging program to mitigate against volatility of changes in foreign exchange rates.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As a standalone entity, the Company will file tax returns on its own behalf, and tax balances and effective income tax rate may differ from the amounts reported in the historical periods. As of June 2, 2021 and in connection with the Separation, the Company adjusted its deferred tax balances and computed its related tax provision to reflect operations as a standalone entity.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> All intercompany transactions and accounts within Organon have been eliminated. Certain amounts presented in the prior period have been reclassified to conform to the current period presentation.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the third quarter of 2021, the Company recorded out-of-period adjustments primarily related to the Separation. During the second quarter of 2021 and the six months ended June 30, 2021, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Net</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Income From Continuing Operations </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> was understated by approximately $17 million and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Other Comprehensive Income, net of taxes</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> was overstated by approximately $13 million, with these adjustments resulting in an understatement of </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Comprehensive Income</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> of approximately $4 million. As of June 30, 2021, net assets and liabilities were understated by approximately $86 million and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Accumulated Deficit</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> was understated by approximately $81 million. These amounts were corrected in the third quarter of 2021 and do not have an impact on the operating results for the nine months ended September 30, 2021. The Company concluded that these </span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">adjustments were not material to the Condensed Consolidated Financial Statements for either the current period or prior periods.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The presentation of these Condensed Consolidated Financial Statements and accompanying notes in conformity with U.S. GAAP require management to make estimates and assumptions that affect the amounts reported. Accordingly, actual results could differ materially from management's estimates and assumptions.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The COVID-19 pandemic continued to negatively affect the Company's results during the third quarter of 2021, despite the Company experiencing recoveries during the second and third quarters of 2021 as compared to the comparable periods in 2020. The assessment of certain accounting matters and specifically its effect on the Company's results require consideration of forecasted financial information in the context of the information reasonably available to the Company and the unknown future impacts of the COVID-19 pandemic at September 30, 2021 and through the date of this report.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Recently Adopted Accounting Standards</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In December 2019, the Financial Accounting Standards Board ("FASB") issued amended guidance on the accounting and reporting of income taxes. The guidance is intended to simplify the accounting for income taxes by removing exceptions related to certain intraperiod tax allocations and deferred tax liabilities; clarifying guidance primarily related to evaluating the step-up tax basis for goodwill in a business combination; and reflecting enacted changes in tax laws or rates in the annual effective tax rate. The Company adopted the new guidance effective January 1, 2021. There was no impact to the Company’s Condensed Consolidated Financial Statements upon adoption.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In January 2020, the FASB issued new guidance intended to clarify certain interactions between accounting standards related to equity securities, equity method investments and certain derivatives. The guidance addresses accounting for the transition into and out of the equity method of accounting and measuring certain purchased options and forward contracts to acquire investments. The Company adopted the new guidance effective January 1, 2021. There was no impact to the Company’s Condensed Consolidated Financial Statements upon adoption.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Recently Issued Accounting Standards Not Yet Adopted</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In March 2020, the FASB issued optional guidance to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting and subsequently issued clarifying amendments. The guidance provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions that reference the London Interbank Offered Rate ("LIBOR") or another reference rate expected to be discontinued because of reference rate reform. The optional guidance is effective upon issuance and can be applied on a prospective basis at any time between January 1, 2020 through December 31, 2022. The Company is currently evaluating the impact of adoption on its Condensed Consolidated Financial Statements.</span></div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> October 2021, the FASB issued guidance to improve the accounting for contract assets and contract liabilities from acquired revenue contracts with customers in a business combination. The guidance addresses diversity in practice and inconsistency related to the recognition of an acquired contract liability, payment terms and their effect on subsequent revenue recognized by an acquirer. The guidance is effective for the Company on January 1, 2023 and its amendments applied prospectively to business combinations occurring on or after the effective date of the guidance. Early adoption is permitted, including adoption in an interim period and subject to different transition requirements. T</span>he Company is currently evaluating the impact of adoption on its Condensed Consolidated Financial Statements. | ||
CY2021Q2 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
9500000000 | USD |
CY2021Q2 | us-gaap |
Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
|
9000000000 | USD |
CY2021Q2 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
9500000000 | USD |
CY2021Q3 | ogn |
Number Of Manufacturing Facilities
NumberOfManufacturingFacilities
|
6 | manufacturingFacility |
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
Certain amounts presented in the prior period have been reclassified to conform to the current period presentation.<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the third quarter of 2021, the Company recorded out-of-period adjustments primarily related to the Separation. During the second quarter of 2021 and the six months ended June 30, 2021, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Net</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Income From Continuing Operations </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> was understated by approximately $17 million and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Other Comprehensive Income, net of taxes</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> was overstated by approximately $13 million, with these adjustments resulting in an understatement of </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Comprehensive Income</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> of approximately $4 million. As of June 30, 2021, net assets and liabilities were understated by approximately $86 million and </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Accumulated Deficit</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> was understated by approximately $81 million. These amounts were corrected in the third quarter of 2021 and do not have an impact on the operating results for the nine months ended September 30, 2021. The Company concluded that these </span>adjustments were not material to the Condensed Consolidated Financial Statements for either the current period or prior periods. | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The presentation of these Condensed Consolidated Financial Statements and accompanying notes in conformity with U.S. GAAP require management to make estimates and assumptions that affect the amounts reported. Accordingly, actual results could differ materially from management's estimates and assumptions.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The COVID-19 pandemic continued to negatively affect the Company's results during the third quarter of 2021, despite the Company experiencing recoveries during the second and third quarters of 2021 as compared to the comparable periods in 2020. The assessment of certain accounting matters and specifically its effect on the Company's results require consideration of forecasted financial information in the context of the information reasonably available to the Company and the unknown future impacts of the COVID-19 pandemic at September 30, 2021 and through the date of this report.</span></div> | ||
CY2020Q3 | us-gaap |
Restructuring Charges
RestructuringCharges
|
12000000 | USD |
us-gaap |
Restructuring Charges
RestructuringCharges
|
43000000 | USD | |
CY2020Q3 | us-gaap |
Severance Costs1
SeveranceCosts1
|
4000000 | USD |
CY2020Q3 | us-gaap |
Other Restructuring Costs
OtherRestructuringCosts
|
8000000 | USD |
us-gaap |
Severance Costs1
SeveranceCosts1
|
18000000 | USD | |
us-gaap |
Other Restructuring Costs
OtherRestructuringCosts
|
25000000 | USD | |
CY2021Q3 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
7000000 | USD |
CY2020Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
17000000 | USD |
CY2020Q3 | us-gaap |
Lease Cost
LeaseCost
|
10000000 | USD |
CY2021Q3 | us-gaap |
Fair Value Hedge Assets At Fair Value
FairValueHedgeAssetsAtFairValue
|
7000000 | USD |
CY2021Q3 | us-gaap |
Fair Value Hedge Liabilities At Fair Value
FairValueHedgeLiabilitiesAtFairValue
|
16000000 | USD |
CY2021Q3 | us-gaap |
Accounts Receivable Sale
AccountsReceivableSale
|
31000000 | USD |
CY2021Q3 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
359000000 | USD |
CY2020Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
351000000 | USD |
CY2021Q3 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
78000000 | USD |
CY2020Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
35000000 | USD |
CY2021Q3 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
509000000 | USD |
CY2020Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
595000000 | USD |
CY2021Q3 | us-gaap |
Other Inventory Supplies
OtherInventorySupplies
|
38000000 | USD |
CY2020Q4 | us-gaap |
Other Inventory Supplies
OtherInventorySupplies
|
60000000 | USD |
CY2021Q3 | us-gaap |
Inventory Gross
InventoryGross
|
984000000 | USD |
CY2020Q4 | us-gaap |
Inventory Gross
InventoryGross
|
1041000000 | USD |
CY2021Q3 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
6000000 | USD |
CY2020Q4 | us-gaap |
Inventory Lifo Reserve
InventoryLIFOReserve
|
1000000 | USD |
CY2021Q3 | ogn |
Inventory Net And Inventory Noncurrent
InventoryNetAndInventoryNoncurrent
|
978000000 | USD |
CY2020Q4 | ogn |
Inventory Net And Inventory Noncurrent
InventoryNetAndInventoryNoncurrent
|
1040000000 | USD |
CY2021Q3 | us-gaap |
Inventory Net
InventoryNet
|
918000000 | USD |
CY2020Q4 | us-gaap |
Inventory Net
InventoryNet
|
913000000 | USD |
CY2021Q3 | us-gaap |
Inventory Noncurrent
InventoryNoncurrent
|
60000000 | USD |
CY2020Q4 | us-gaap |
Inventory Noncurrent
InventoryNoncurrent
|
127000000 | USD |
CY2021Q3 | us-gaap |
Lifo Inventory Amount
LIFOInventoryAmount
|
81000000 | USD |
CY2020Q4 | us-gaap |
Lifo Inventory Amount
LIFOInventoryAmount
|
48000000 | USD |
CY2021Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
877000000 | USD |
CY2020Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
820000000 | USD |
CY2021Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
967000000 | USD |
CY2020Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
984000000 | USD |
CY2021Q2 | us-gaap |
Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
|
9000000000 | USD |
CY2021Q3 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
130000000 | USD |
CY2021Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
9298000000 | USD |
CY2021Q3 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
39000000 | USD |
CY2021Q3 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
9259000000 | USD |
CY2021Q3 | us-gaap |
Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
|
130000000 | USD |
CY2021Q3 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
9600000000 | USD |
CY2021Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
9300000000 | USD |
CY2021Q3 | ogn |
Debt Instrument Interest Payments
DebtInstrumentInterestPayments
|
34000000 | USD |
ogn |
Debt Instrument Average Maturity
DebtInstrumentAverageMaturity
|
P7Y3M18D | ||
CY2021Q3 | us-gaap |
Long Term Debt Weighted Average Interest Rate Over Time
LongTermDebtWeightedAverageInterestRateOverTime
|
0.039 | |
CY2021Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
10000000 | USD |
CY2021Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
39000000 | USD |
CY2021Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
39000000 | USD |
CY2021Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
39000000 | USD |
CY2021Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
39000000 | USD |
CY2021Q3 | ogn |
Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
|
9262000000 | USD |
CY2021Q3 | us-gaap |
Lease Cost
LeaseCost
|
19000000 | USD |
us-gaap |
Lease Cost
LeaseCost
|
56000000 | USD | |
us-gaap |
Lease Cost
LeaseCost
|
32000000 | USD | |
us-gaap |
Operating Lease Payments Use
OperatingLeasePaymentsUse
|
27000000 | USD | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
288000000 | USD | |
CY2021Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
288000000 | USD |
CY2020Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
31000000 | USD |
CY2021Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
67000000 | USD |
CY2020Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
8000000 | USD |
CY2021Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
221000000 | USD |
CY2020Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
23000000 | USD |
CY2021Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
288000000 | USD |
CY2020Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
31000000 | USD |
CY2021Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P5Y3M18D | |
CY2020Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P4Y | |
CY2021Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.032 | |
CY2020Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.019 | |
CY2021Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
19000000 | USD |
CY2021Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
75000000 | USD |
CY2021Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
70000000 | USD |
CY2021Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
53000000 | USD |
CY2021Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
36000000 | USD |
CY2021Q3 | ogn |
Lessee Operating Lease Liability To Be Paid Due After Year Four
LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour
|
61000000 | USD |
CY2021Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
314000000 | USD |
CY2021Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
26000000 | USD |
CY2021Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
288000000 | USD |
CY2021Q3 | ogn |
Lessee Operating Lease Lease Not Yet Commenced Amount
LesseeOperatingLeaseLeaseNotYetCommencedAmount
|
7000000 | USD |
CY2021Q3 | us-gaap |
Litigation Reserve
LitigationReserve
|
8000000 | USD |
CY2020Q4 | us-gaap |
Litigation Reserve
LitigationReserve
|
35000000 | USD |
us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
3000000 | USD | |
ogn |
Incremental Share Based Payment Arrangement Expense
IncrementalShareBasedPaymentArrangementExpense
|
17000000 | USD | |
CY2021Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
15000000 | USD |
CY2020Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
11000000 | USD |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
44000000 | USD | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
32000000 | USD | |
CY2021Q3 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
3000000 | USD |
CY2020Q3 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
2000000 | USD |
us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
9000000 | USD | |
us-gaap |
Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
|
7000000 | USD | |
CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.0322 | |
CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0092 | |
CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.4580 | |
CY2021Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y10M20D | |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
4097000 | shares |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
34.30 | |
CY2021Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
8.55 | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
379000 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
35.38 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
11.20 | ||
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares | |
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
|
0 | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
53000 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
36.61 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
|
9.11 | ||
CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
4423000 | shares |
CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
34.36 | |
CY2021Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
8.63 | |
CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
4162000 | shares |
CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
34.39 | |
CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
5000000 | USD |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P8Y3M14D | ||
CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
|
1454000 | shares |
CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
|
30.66 | |
CY2021Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
|
5000000 | USD |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
|
P5Y10M24D | ||
CY2021Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
125000000 | USD |
us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y3M7D | ||
CY2020Q3 | us-gaap |
Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
|
16000000 | USD |
us-gaap |
Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
|
29000000 | USD | |
us-gaap |
Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
|
45000000 | USD | |
CY2021Q2 | us-gaap |
Defined Benefit Plan Plan Amendments
DefinedBenefitPlanPlanAmendments
|
50000000 | USD |
CY2021Q2 | ogn |
Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Plan Amendment Estimated Average Service Period
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostPlanAmendmentEstimatedAverageServicePeriod
|
P8Y | |
CY2021Q3 | us-gaap |
Defined Benefit Plan Plan Amendments
DefinedBenefitPlanPlanAmendments
|
48000000 | USD |
us-gaap |
Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
|
5000000 | USD | |
CY2021Q3 | us-gaap |
Defined Benefit Plan Expected Future Employer Contributions Remainder Of Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsRemainderOfFiscalYear
|
2000000 | USD |
CY2021Q3 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
5000000 | USD |
CY2020Q3 | us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
1000000 | USD |
us-gaap |
Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
|
12000000 | USD | |
CY2021Q3 | ogn |
Foreign Currency Transaction Gain Loss Before Tax And Derivative Gain Loss
ForeignCurrencyTransactionGainLossBeforeTaxAndDerivativeGainLoss
|
-1000000 | USD |
CY2020Q3 | ogn |
Foreign Currency Transaction Gain Loss Before Tax And Derivative Gain Loss
ForeignCurrencyTransactionGainLossBeforeTaxAndDerivativeGainLoss
|
-18000000 | USD |
ogn |
Foreign Currency Transaction Gain Loss Before Tax And Derivative Gain Loss
ForeignCurrencyTransactionGainLossBeforeTaxAndDerivativeGainLoss
|
-6000000 | USD | |
ogn |
Foreign Currency Transaction Gain Loss Before Tax And Derivative Gain Loss
ForeignCurrencyTransactionGainLossBeforeTaxAndDerivativeGainLoss
|
-52000000 | USD | |
CY2021Q3 | us-gaap |
Interest Expense
InterestExpense
|
98000000 | USD |
CY2020Q3 | us-gaap |
Interest Expense
InterestExpense
|
0 | USD |
us-gaap |
Interest Expense
InterestExpense
|
160000000 | USD | |
us-gaap |
Interest Expense
InterestExpense
|
0 | USD | |
CY2021Q3 | ogn |
Other Nonoperating Income Expense Other
OtherNonoperatingIncomeExpenseOther
|
-3000000 | USD |
CY2020Q3 | ogn |
Other Nonoperating Income Expense Other
OtherNonoperatingIncomeExpenseOther
|
8000000 | USD |
ogn |
Other Nonoperating Income Expense Other
OtherNonoperatingIncomeExpenseOther
|
-16000000 | USD | |
ogn |
Other Nonoperating Income Expense Other
OtherNonoperatingIncomeExpenseOther
|
8000000 | USD | |
CY2021Q3 | ogn |
Other Operating And Nonoperating Income Expense
OtherOperatingAndNonoperatingIncomeExpense
|
-102000000 | USD |
CY2020Q3 | ogn |
Other Operating And Nonoperating Income Expense
OtherOperatingAndNonoperatingIncomeExpense
|
-10000000 | USD |
ogn |
Other Operating And Nonoperating Income Expense
OtherOperatingAndNonoperatingIncomeExpense
|
-182000000 | USD | |
ogn |
Other Operating And Nonoperating Income Expense
OtherOperatingAndNonoperatingIncomeExpense
|
-44000000 | USD | |
CY2021Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.171 | |
CY2020Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.178 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.112 | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.156 | ||
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
18000000 | USD | |
us-gaap |
Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
|
29000000 | USD | |
CY2020Q3 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
44000000 | USD |
CY2020Q3 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
0 | USD |
CY2020Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
44000000 | USD |
CY2021Q3 | us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
-26000000 | USD |
CY2021Q3 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
0 | USD |
CY2021Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-26000000 | USD |
CY2021Q3 | ogn |
Transfers Of Benefit Plans To Related Party Affiliates
TransfersOfBenefitPlansToRelatedPartyAffiliates
|
-3000000 | USD |
us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
-75000000 | USD | |
us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
3000000 | USD | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-78000000 | USD | |
us-gaap |
Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
128000000 | USD | |
us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
10000000 | USD | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
118000000 | USD | |
ogn |
Transfers Of Benefit Plans To Related Party Affiliates
TransfersOfBenefitPlansToRelatedPartyAffiliates
|
11000000 | USD | |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment | |
CY2021Q3 | us-gaap |
Revenues
Revenues
|
1600000000 | USD |
CY2020Q3 | us-gaap |
Revenues
Revenues
|
1613000000 | USD |
us-gaap |
Revenues
Revenues
|
4701000000 | USD | |
us-gaap |
Revenues
Revenues
|
4919000000 | USD | |
CY2021Q3 | us-gaap |
Revenues
Revenues
|
1600000000 | USD |
CY2020Q3 | us-gaap |
Revenues
Revenues
|
1613000000 | USD |
us-gaap |
Revenues
Revenues
|
4701000000 | USD | |
us-gaap |
Revenues
Revenues
|
4919000000 | USD | |
CY2021Q2 | ogn |
Transition Services Agreement Terms Services Termination Period
TransitionServicesAgreementTermsServicesTerminationPeriod
|
P25M | |
CY2021Q2 | ogn |
Transition Services Agreement Terms Services Termination Period
TransitionServicesAgreementTermsServicesTerminationPeriod
|
P25M | |
CY2021Q2 | ogn |
Tax Matters Agreement Terms Tax Responsibility Breach Of Covenant Period
TaxMattersAgreementTermsTaxResponsibilityBreachOfCovenantPeriod
|
P2Y | |
CY2021Q3 | us-gaap |
Accounts Receivable Related Parties
AccountsReceivableRelatedParties
|
914000000 | USD |
CY2021Q3 | us-gaap |
Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
|
1300000000 | USD |
CY2021Q2 | us-gaap |
Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
|
9000000000 | USD |
ogn |
Related Party Cash Pooling And General Financing Activities
RelatedPartyCashPoolingAndGeneralFinancingActivities
|
168000000 | USD | |
ogn |
Related Party Cash Pooling And General Financing Activities
RelatedPartyCashPoolingAndGeneralFinancingActivities
|
3099000000 | USD | |
ogn |
Related Party Cost Allocations Excluding Non Cash Share Based Compensation
RelatedPartyCostAllocationsExcludingNonCashShareBasedCompensation
|
209000000 | USD | |
ogn |
Related Party Cost Allocations Excluding Non Cash Share Based Compensation
RelatedPartyCostAllocationsExcludingNonCashShareBasedCompensation
|
945000000 | USD | |
ogn |
Related Party Tax Payments
RelatedPartyTaxPayments
|
259000000 | USD | |
ogn |
Related Party Tax Payments
RelatedPartyTaxPayments
|
400000000 | USD | |
ogn |
Related Party Allocated Derivative Gain Loss On Derivative
RelatedPartyAllocatedDerivativeGainLossOnDerivative
|
-88000000 | USD | |
ogn |
Related Party Allocated Derivative Gain Loss On Derivative
RelatedPartyAllocatedDerivativeGainLossOnDerivative
|
-85000000 | USD | |
ogn |
Related Party Net Transfers Included In Net Cash Provided By Used In Continuing Operations
RelatedPartyNetTransfersIncludedInNetCashProvidedByUsedInContinuingOperations
|
-388000000 | USD | |
ogn |
Related Party Net Transfers Included In Net Cash Provided By Used In Continuing Operations
RelatedPartyNetTransfersIncludedInNetCashProvidedByUsedInContinuingOperations
|
1669000000 | USD | |
ogn |
Related Party Net Transfers Included In Net Cash Provided By Used In Discontinued Operations
RelatedPartyNetTransfersIncludedInNetCashProvidedByUsedInDiscontinuedOperations
|
597000000 | USD | |
ogn |
Related Party Net Transfers Included In Net Cash Provided By Used In Discontinued Operations
RelatedPartyNetTransfersIncludedInNetCashProvidedByUsedInDiscontinuedOperations
|
-202000000 | USD | |
ogn |
Related Party Net Transfers Included Net Cash Provided By Used In Cash Flows
RelatedPartyNetTransfersIncludedNetCashProvidedByUsedInCashFlows
|
209000000 | USD | |
ogn |
Related Party Net Transfers Included Net Cash Provided By Used In Cash Flows
RelatedPartyNetTransfersIncludedNetCashProvidedByUsedInCashFlows
|
1467000000 | USD | |
ogn |
Related Party Net Transfers Allocated Share Based Payment Arrangement Noncash Expense
RelatedPartyNetTransfersAllocatedShareBasedPaymentArrangementNoncashExpense
|
32000000 | USD | |
ogn |
Related Party Net Transfers Allocated Share Based Payment Arrangement Noncash Expense
RelatedPartyNetTransfersAllocatedShareBasedPaymentArrangementNoncashExpense
|
43000000 | USD | |
ogn |
Related Party Transaction Contributions Distributions To Affiliates
RelatedPartyTransactionContributionsDistributionsToAffiliates
|
778000000 | USD | |
ogn |
Related Party Transaction Contributions Distributions To Affiliates
RelatedPartyTransactionContributionsDistributionsToAffiliates
|
10000000 | USD | |
ogn |
Related Party Derecognition Of Employee Benefit Plan Transfers Recognized In Accumulated Other Comprehensive Income
RelatedPartyDerecognitionOfEmployeeBenefitPlanTransfersRecognizedInAccumulatedOtherComprehensiveIncome
|
13000000 | USD | |
ogn |
Related Party Derecognition Of Employee Benefit Plan Transfers Recognized In Accumulated Other Comprehensive Income
RelatedPartyDerecognitionOfEmployeeBenefitPlanTransfersRecognizedInAccumulatedOtherComprehensiveIncome
|
0 | USD | |
ogn |
Net Transfer
NetTransfer
|
-588000000 | USD | |
ogn |
Net Transfer
NetTransfer
|
1414000000 | USD | |
ogn |
Separation Agreement Provisional Information Initial Accounting Incomplete Adjustment Net Transfers Included In Net Cash Provided By Used In Continuing Operations
SeparationAgreementProvisionalInformationInitialAccountingIncompleteAdjustmentNetTransfersIncludedInNetCashProvidedByUsedInContinuingOperations
|
66000000 | USD | |
CY2021Q3 | ogn |
Related Party Cash Pooling And General Financing Activities
RelatedPartyCashPoolingAndGeneralFinancingActivities
|
0 | USD |
CY2020Q3 | ogn |
Related Party Cash Pooling And General Financing Activities
RelatedPartyCashPoolingAndGeneralFinancingActivities
|
971000000 | USD |
CY2021Q3 | ogn |
Related Party Transaction Contributions Distributions To Affiliates
RelatedPartyTransactionContributionsDistributionsToAffiliates
|
0 | USD |
CY2020Q3 | ogn |
Related Party Transaction Contributions Distributions To Affiliates
RelatedPartyTransactionContributionsDistributionsToAffiliates
|
0 | USD |
CY2021Q3 | ogn |
Related Party Cost Allocations Excluding Non Cash Share Based Compensation
RelatedPartyCostAllocationsExcludingNonCashShareBasedCompensation
|
USD | |
CY2020Q3 | ogn |
Related Party Cost Allocations Excluding Non Cash Share Based Compensation
RelatedPartyCostAllocationsExcludingNonCashShareBasedCompensation
|
322000000 | USD |
CY2021Q3 | ogn |
Related Party Tax Payments
RelatedPartyTaxPayments
|
0 | USD |
CY2020Q3 | ogn |
Related Party Tax Payments
RelatedPartyTaxPayments
|
300000000 | USD |
CY2021Q3 | ogn |
Related Party Allocated Derivative Gain Loss On Derivative
RelatedPartyAllocatedDerivativeGainLossOnDerivative
|
0 | USD |
CY2020Q3 | ogn |
Related Party Allocated Derivative Gain Loss On Derivative
RelatedPartyAllocatedDerivativeGainLossOnDerivative
|
-88000000 | USD |
CY2021Q3 | ogn |
Net Transfer
NetTransfer
|
0 | USD |
CY2020Q3 | ogn |
Net Transfer
NetTransfer
|
261000000 | USD |
CY2021Q3 | us-gaap |
Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
|
145000000 | USD |
CY2020Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
253516000 | shares |
CY2021Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
323000000 | USD |
CY2020Q3 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
560000000 | USD |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
1149000000 | USD | |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
1880000000 | USD | |
CY2021Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
0 | USD |
CY2020Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-13000000 | USD |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
0 | USD | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-88000000 | USD | |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
323000000 | USD |
CY2020Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
547000000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1149000000 | USD | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1792000000 | USD | |
CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
253534000 | shares |
CY2020Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
253516000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
253530000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
253516000 | shares | |
CY2021Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
638000 | shares |
CY2020Q3 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
481000 | shares | |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares | |
CY2021Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
254172000 | shares |
CY2020Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
253516000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
254011000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
253516000 | shares | |
CY2021Q3 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.27 | |
CY2020Q3 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
2.21 | |
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
4.53 | ||
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
7.42 | ||
CY2021Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0 | |
CY2020Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
-0.05 | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0 | ||
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
-0.35 | ||
CY2021Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.27 | |
CY2020Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.16 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
4.53 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
7.07 | ||
CY2021Q3 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
1.27 | |
CY2020Q3 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
2.21 | |
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
4.52 | ||
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
7.42 | ||
CY2021Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0 | |
CY2020Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
-0.05 | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0 | ||
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
-0.35 | ||
CY2021Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.27 | |
CY2020Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.16 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
4.52 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
7.07 | ||
CY2021Q3 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.28 |