$SYK
STRYKER CORP Stock $syk

$syk Overview Financials Valuation SEC Filings Company Website

2024 Q1 Form 10-Q Financial Statement

#000031076424000064 Filed on May 01, 2024

Income Statement

Concept	2024 Q1	2023 Q1
Revenue	$5.243B	$4.778B
YoY Change	9.73%	11.77%
Cost Of Revenue	$1.910B	$1.762B
YoY Change	8.4%	14.34%
Gross Profit	$3.333B	$3.016B
YoY Change	10.51%	10.31%
Gross Profit Margin	63.57%	63.12%
Selling, General & Admin	$1.840B	$1.781B
YoY Change	3.31%	4.15%
% of Gross Profit	55.21%	59.05%
Research & Development	$368.0M	$339.0M
YoY Change	8.55%	-17.92%
% of Gross Profit	11.04%	11.24%
Depreciation & Amortization	$107.0M	$96.00M
YoY Change	11.46%	4.35%
% of Gross Profit	3.21%	3.18%
Operating Expenses	$2.361B	$2.281B
YoY Change	3.51%	-0.26%
Operating Profit	$972.0M	$735.0M
YoY Change	32.24%	64.43%
Interest Expense	$36.00M	$14.00M
YoY Change	157.14%	-6.67%
% of Operating Profit	3.7%	1.9%
Other Income/Expense, Net	-$49.00M	-$56.00M
YoY Change	-12.5%	-8.2%
Pretax Income	$923.0M	$679.0M
YoY Change	35.94%	75.91%
Income Tax	$135.0M	$87.00M
% Of Pretax Income	14.63%	12.81%
Net Earnings	$788.0M	$592.0M
YoY Change	33.11%	83.28%
Net Earnings / Revenue	15.03%	12.39%
Basic Earnings Per Share	$2.07	$1.56
Diluted Earnings Per Share	$2.05	$1.54
COMMON SHARES
Basic Shares Outstanding	380.3M shares	378.8M shares
Diluted Shares Outstanding	385.1M shares	383.2M shares

Balance Sheet

Concept	2024 Q1	2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.407B	$1.757B
YoY Change	36.99%	14.84%
Cash & Equivalents	$2.330B	$1.671B
Short-Term Investments	$77.00M	$86.00M
Other Short-Term Assets	$986.0M	$850.0M
YoY Change	16.0%	25.18%
Inventory	$5.026B	$4.333B
Prepaid Expenses	$986.0M	$850.0M
Receivables	$3.473B	$3.215B
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$11.89B	$10.16B
YoY Change	17.1%	16.39%
LONG-TERM ASSETS
Property, Plant & Equipment	$3.260B	$3.037B
YoY Change	7.34%	8.74%
Goodwill	$15.35B	$14.85B
YoY Change	3.38%	-2.49%
Intangibles	$4.509B	$4.779B
YoY Change	-5.65%	-11.99%
Long-Term Investments
YoY Change
Other Assets	$2.749B	$2.567B
YoY Change	7.09%	8.82%
Total Long-Term Assets	$27.51B	$26.68B
YoY Change	3.13%	-2.69%
TOTAL ASSETS
Total Short-Term Assets	$11.89B	$10.16B
Total Long-Term Assets	$27.51B	$26.68B
Total Assets	$39.40B	$36.83B
YoY Change	6.98%	1.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.246B	$1.366B
YoY Change	-8.78%	26.01%
Accrued Expenses	$2.902B	$2.640B
YoY Change	9.92%	-1.27%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$2.058B	$1.204B
YoY Change	70.93%	462.62%
Total Short-Term Liabilities	$6.955B	$5.866B
YoY Change	18.56%	33.08%
LONG-TERM LIABILITIES
Long-Term Debt	$10.81B	$11.86B
YoY Change	-8.86%	-14.61%
Other Long-Term Liabilities	$1.903B	$1.587B
YoY Change	19.91%	-15.63%
Total Long-Term Liabilities	$12.71B	$13.44B
YoY Change	-5.46%	-14.73%
TOTAL LIABILITIES
Total Short-Term Liabilities	$6.955B	$5.866B
Total Long-Term Liabilities	$12.71B	$13.44B
Total Liabilities	$20.23B	$19.94B
YoY Change	1.48%	-5.48%
SHAREHOLDERS EQUITY
Retained Earnings	$17.25B	$15.07B
YoY Change	14.48%	11.31%
Common Stock	$2.257B	$2.090B
YoY Change	7.99%	7.34%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$19.17B	$16.90B
YoY Change
Total Liabilities & Shareholders Equity	$39.40B	$36.83B
YoY Change	6.98%	1.92%

Cashflow Statement

Concept	2024 Q1	2023 Q1
OPERATING ACTIVITIES
Net Income	$788.0M	$592.0M
YoY Change	33.11%	83.28%
Depreciation, Depletion And Amortization	$107.0M	$96.00M
YoY Change	11.46%	4.35%
Cash From Operating Activities	$204.0M	$445.0M
YoY Change	-54.16%	119.21%
INVESTING ACTIVITIES
Capital Expenditures	$167.0M	$130.0M
YoY Change	28.46%	9.24%
Acquisitions	$246.0M	$0.00
YoY Change		-100.0%
Other Investing Activities	$0.00	-$1.000M
YoY Change	-100.0%	-150.0%
Cash From Investing Activities	-$408.0M	-$132.0M
YoY Change	209.09%	-95.08%
FINANCING ACTIVITIES
Cash Dividend Paid	$304.0M	$284.0M
YoY Change	7.04%	8.4%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net	$0.00	$100.0M
YoY Change	-100.0%
Cash From Financing Activities	-$418.0M	-$481.0M
YoY Change	-13.1%	-148.44%
NET CHANGE
Cash From Operating Activities	$204.0M	$445.0M
Cash From Investing Activities	-$408.0M	-$132.0M
Cash From Financing Activities	-$418.0M	-$481.0M
Net Change In Cash	-$641.0M	-$173.0M
YoY Change	270.52%	-88.36%
FREE CASH FLOW
Cash From Operating Activities	$204.0M	$445.0M
Capital Expenditures	$167.0M	$130.0M
Free Cash Flow	$37.00M	$315.0M
YoY Change	-88.25%	275.0%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	us-gaap	Cost Of Revenue CostOfRevenue	1910000000	usd
CY2023Q1	us-gaap	Cost Of Revenue CostOfRevenue	1762000000	usd
CY2024Q1	us-gaap	Gross Profit GrossProfit	3333000000	usd
CY2023Q1	us-gaap	Gross Profit GrossProfit	3016000000	usd
CY2024Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	368000000	usd
CY2023Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	339000000	usd
CY2024Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1840000000	usd
CY2023Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1781000000	usd
CY2024Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	153000000	usd
CY2023Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	161000000	usd
CY2024Q1	us-gaap	Operating Expenses OperatingExpenses	2361000000	usd
CY2023Q1	us-gaap	Operating Expenses OperatingExpenses	2281000000	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	972000000	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	735000000	usd
CY2024Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-49000000	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-56000000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	923000000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	679000000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	135000000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	87000000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	788000000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	788000000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	592000000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	592000000	usd
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.07
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.56
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.05
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.54
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	380400000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	379000000.0	shares
CY2024Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	4700000	shares
CY2023Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	4200000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	385100000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	383200000	shares
CY2024Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.80
CY2023Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.75
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	788000000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	788000000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	592000000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	592000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	0	usd
CY2023Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	0	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-2000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	2000000	usd
CY2024Q1	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	2000000	usd
CY2023Q1	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet	-9000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	35000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-73000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	39000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-84000000	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	827000000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	508000000	usd
CY2024Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2330000000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2971000000	usd
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2971000000	usd
CY2024Q1	us-gaap	Available For Sale Securities Debt Securities Current AvailableForSaleSecuritiesDebtSecuritiesCurrent	77000000	usd
CY2023Q4	us-gaap	Available For Sale Securities Debt Securities Current AvailableForSaleSecuritiesDebtSecuritiesCurrent	82000000	usd
CY2024Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	175000000	usd
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	182000000	usd
CY2024Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3473000000	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3765000000	usd
CY2024Q1	us-gaap	Inventory Raw Materials And Supplies Net Of Reserves InventoryRawMaterialsAndSuppliesNetOfReserves	1232000000	usd
CY2023Q4	us-gaap	Inventory Raw Materials And Supplies Net Of Reserves InventoryRawMaterialsAndSuppliesNetOfReserves	1242000000	usd
CY2024Q1	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	372000000	usd
CY2023Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	330000000	usd
CY2024Q1	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	3422000000	usd
CY2023Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	3271000000	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	5026000000	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	4843000000	usd
CY2024Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	986000000	usd
CY2023Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	857000000	usd
CY2024Q1	us-gaap	Assets Current AssetsCurrent	11892000000	usd
CY2023Q4	us-gaap	Assets Current AssetsCurrent	12518000000	usd
CY2024Q1	syk	Land Buildings And Improvements Gross LandBuildingsAndImprovementsGross	1686000000	usd
CY2023Q4	syk	Land Buildings And Improvements Gross LandBuildingsAndImprovementsGross	1692000000	usd
CY2024Q1	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	4772000000	usd
CY2023Q4	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	4652000000	usd
CY2024Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	6458000000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	6344000000	usd
CY2024Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	3198000000	usd
CY2023Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	3129000000	usd
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3260000000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3215000000	usd
CY2024Q1	us-gaap	Goodwill Goodwill	15351000000	usd
CY2023Q4	us-gaap	Goodwill Goodwill	15243000000	usd
CY2024Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	4509000000	usd
CY2023Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	4593000000	usd
CY2024Q1	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	1641000000	usd
CY2023Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	1670000000	usd
CY2024Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	2749000000	usd
CY2023Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	2673000000	usd
CY2024Q1	us-gaap	Assets Assets	39402000000	usd
CY2023Q4	us-gaap	Assets Assets	39912000000	usd
CY2024Q1	us-gaap	Accounts Payable Trade Current AccountsPayableTradeCurrent	1246000000	usd
CY2023Q4	us-gaap	Accounts Payable Trade Current AccountsPayableTradeCurrent	1517000000	usd
CY2024Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	778000000	usd
CY2023Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	1478000000	usd
CY2024Q1	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	444000000	usd
CY2023Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	391000000	usd
CY2024Q1	us-gaap	Dividends Payable Current DividendsPayableCurrent	305000000	usd
CY2023Q4	us-gaap	Dividends Payable Current DividendsPayableCurrent	304000000	usd
CY2024Q1	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	2124000000	usd
CY2023Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	2137000000	usd
CY2024Q1	us-gaap	Debt Current DebtCurrent	2058000000	usd
CY2023Q4	us-gaap	Debt Current DebtCurrent	2094000000	usd
CY2024Q1	us-gaap	Liabilities Current LiabilitiesCurrent	6955000000	usd
CY2023Q4	us-gaap	Liabilities Current LiabilitiesCurrent	7921000000	usd
CY2024Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	10807000000	usd
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	10901000000	usd
CY2024Q1	us-gaap	Accrued Income Taxes Noncurrent AccruedIncomeTaxesNoncurrent	565000000	usd
CY2023Q4	us-gaap	Accrued Income Taxes Noncurrent AccruedIncomeTaxesNoncurrent	567000000	usd
CY2024Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	1903000000	usd
CY2023Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	1930000000	usd
CY2024Q1	us-gaap	Liabilities Liabilities	20230000000	usd
CY2023Q4	us-gaap	Liabilities Liabilities	21319000000	usd
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.10
CY2024Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.10
CY2024Q1	us-gaap	Common Stock Value Outstanding CommonStockValueOutstanding	38000000	usd
CY2023Q4	us-gaap	Common Stock Value Outstanding CommonStockValueOutstanding	38000000	usd
CY2024Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	2257000000	usd
CY2023Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	2200000000	usd
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	17254000000	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	16771000000	usd
CY2024Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-377000000	usd
CY2023Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-416000000	usd
CY2024Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	19172000000	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	18593000000	usd
CY2024Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	39402000000	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	39912000000	usd
CY2024Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	19172000000	usd
CY2023Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	16895000000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	788000000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	788000000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	592000000	usd
CY2024Q1	us-gaap	Depreciation Depreciation	107000000	usd
CY2023Q1	us-gaap	Depreciation Depreciation	96000000	usd
CY2024Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	153000000	usd
CY2023Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	161000000	usd
CY2024Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	3000000	usd
CY2023Q1	us-gaap	Asset Impairment Charges AssetImpairmentCharges	2000000	usd
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	87000000	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	74000000	usd
CY2024Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-39000000	usd
CY2023Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-3000000	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-258000000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-365000000	usd
CY2024Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	184000000	usd
CY2023Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	314000000	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	-257000000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	-56000000	usd
CY2024Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-635000000	usd
CY2023Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-419000000	usd
CY2024Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	76000000	usd
CY2023Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	26000000	usd
CY2024Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	153000000	usd
CY2023Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	79000000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	204000000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	445000000	usd
CY2024Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	246000000	usd
CY2023Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	usd
CY2024Q1	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	18000000	usd
CY2023Q1	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	28000000	usd
CY2024Q1	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	23000000	usd
CY2023Q1	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	25000000	usd
CY2024Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	167000000	usd
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CY2024Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	0	usd
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CY2023Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	100000000	usd
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CY2023Q1	us-gaap	Payments Of Dividends PaymentsOfDividends	284000000	usd
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CY2023Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-1000000	usd
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CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-481000000	usd
CY2024Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-19000000	usd
CY2023Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-5000000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-641000000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-173000000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2971000000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1844000000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2330000000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1671000000	usd
CY2024Q1	us-gaap	Revenues Revenues	5243000000	usd
CY2023Q1	us-gaap	Revenues Revenues	4778000000	usd
CY2024Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	866000000	usd
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CY2024Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	153000000	usd
CY2024Q1	syk	Contract With Customer Liability Net Advance Consideration Received During Period ContractWithCustomerLiabilityNetAdvanceConsiderationReceivedDuringPeriod	159000000	usd
CY2024Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	866000000	usd
CY2023Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-416000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	99000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Before Reclassifications Tax OtherComprehensiveIncomeLossBeforeReclassificationsTax	-44000000	usd
CY2024Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-377000000	usd
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CY2023Q1	us-gaap	Other Comprehensive Income Loss Before Reclassifications Net Of Tax OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax	-94000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Before Reclassifications Tax OtherComprehensiveIncomeLossBeforeReclassificationsTax	28000000	usd
CY2023Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-305000000	usd
CY2024Q1	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	2796000000	usd
CY2023Q4	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	3378000000	usd
CY2024Q1	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	561000000	usd
CY2023Q4	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	595000000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	593000000	usd
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CY2024Q1	syk	Availableforsale Securities Debt Maturities After One Through Three Years Fair Value AvailableforsaleSecuritiesDebtMaturitiesAfterOneThroughThreeYearsFairValue	41000000	usd
CY2023Q4	syk	Availableforsale Securities Debt Maturities After One Through Three Years Fair Value AvailableforsaleSecuritiesDebtMaturitiesAfterOneThroughThreeYearsFairValue	36000000	usd
CY2024Q1	us-gaap	Marketable Securities Gain Loss MarketableSecuritiesGainLoss	36000000	usd
CY2023Q1	us-gaap	Marketable Securities Gain Loss MarketableSecuritiesGainLoss	13000000	usd
CY2024Q1	us-gaap	Loss Contingency Estimate Of Possible Loss LossContingencyEstimateOfPossibleLoss	277000000	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	525000000	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	494000000	usd
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	157000000	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	143000000	usd
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	378000000	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	356000000	usd
CY2024Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P5Y2M12D
CY2023Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P5Y6M
CY2024Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0392
CY2023Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0387
CY2024Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	47000000	usd
CY2023Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	38000000	usd
CY2024Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	246000000	usd
CY2023Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	468000000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	514000000	usd
CY2024Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	468000000	usd
CY2024Q1	us-gaap	Commercial Paper CommercialPaper	0	usd
CY2024Q1	us-gaap	Debt Longterm And Shortterm Combined Amount DebtLongtermAndShorttermCombinedAmount	12865000000	usd
CY2023Q4	us-gaap	Debt Longterm And Shortterm Combined Amount DebtLongtermAndShorttermCombinedAmount	12995000000	usd
CY2024Q1	us-gaap	Debt Current DebtCurrent	2058000000	usd
CY2023Q4	us-gaap	Debt Current DebtCurrent	2094000000	usd
CY2024Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	10807000000	usd
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	10901000000	usd
CY2024Q1	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	34000000	usd
CY2023Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	50000000	usd
CY2024Q1	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	2159000000	usd
CY2023Q4	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	2160000000	usd
CY2024Q1	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	12008000000	usd
CY2023Q4	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	12252000000	usd
CY2024Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.146
CY2023Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.128
CY2024Q1	us-gaap	Revenues Revenues	5243000000	usd
CY2023Q1	us-gaap	Revenues Revenues	4778000000	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	972000000	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	735000000	usd

Files In Submission

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$SYK
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2024 Q1 Form 10-Q Financial Statement

#000031076424000064 Filed on May 01, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SYK STRYKER CORP Stock $syk

2024 Q1 Form 10-Q Financial Statement

#000031076424000064 Filed on May 01, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SYK
STRYKER CORP Stock $syk