$ZBH
Zimmer Biomet Holdings Inc

2021 Q3 Form 10-Q Financial Statement

#000156459021054497 Filed on November 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3
Revenue $1.924B $1.929B
YoY Change -0.27% 1.95%
Cost Of Revenue $581.5M $569.4M
YoY Change 2.13% 6.29%
Gross Profit $1.343B $1.210B
YoY Change 10.93% 0.01%
Gross Profit Margin 69.78% 62.73%
Selling, General & Admin $802.4M $790.0M
YoY Change 1.57% -4.83%
% of Gross Profit 59.77% 65.28%
Research & Development $108.9M $85.90M
YoY Change 26.78% -24.91%
% of Gross Profit 8.11% 7.1%
Depreciation & Amortization $328.8M $258.6M
YoY Change 27.15% 2.82%
% of Gross Profit 24.49% 21.37%
Operating Expenses $1.065B $1.026B
YoY Change 3.84% 8.59%
Operating Profit $214.9M $299.2M
YoY Change -28.18% 21.72%
Interest Expense -$52.60M -$54.00M
YoY Change -2.59% -20.7%
% of Operating Profit -24.48% -18.05%
Other Income/Expense, Net $300.0K $10.60M
YoY Change -97.17% -340.91%
Pretax Income $162.6M $255.8M
YoY Change -36.43% 38.57%
Income Tax $7.200M $9.700M
% Of Pretax Income 4.43% 3.79%
Net Earnings $145.6M $242.5M
YoY Change -39.96% -43.75%
Net Earnings / Revenue 7.57% 12.57%
Basic Earnings Per Share $0.70 $1.17
Diluted Earnings Per Share $691.4K $1.16
COMMON SHARES
Basic Shares Outstanding 208.8M 207.1M
Diluted Shares Outstanding 210.6M 208.5M

Balance Sheet

Concept 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $919.6M $967.0M
YoY Change -4.9% 88.5%
Cash & Equivalents $919.6M $967.3M
Short-Term Investments
Other Short-Term Assets $483.4M $352.0M
YoY Change 37.33% -6.38%
Inventory $2.517B $2.492B
Prepaid Expenses
Receivables $1.392B $1.341B
Other Receivables $0.00 $0.00
Total Short-Term Assets $5.312B $5.153B
YoY Change 3.1% 17.06%
LONG-TERM ASSETS
Property, Plant & Equipment $2.008B $2.043B
YoY Change -1.68% -0.62%
Goodwill $9.212B $9.039B
YoY Change 1.92% -5.3%
Intangibles $6.470B $6.851B
YoY Change -5.55% -6.67%
Long-Term Investments
YoY Change
Other Assets $1.006B $941.0M
YoY Change 6.88% -3.35%
Total Long-Term Assets $18.70B $18.87B
YoY Change -0.94% -5.23%
TOTAL ASSETS
Total Short-Term Assets $5.312B $5.153B
Total Long-Term Assets $18.70B $18.87B
Total Assets $24.01B $24.03B
YoY Change -0.07% -1.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $327.6M $334.8M
YoY Change -2.15% -5.74%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.046B $450.0M
YoY Change 132.38% -77.5%
Total Short-Term Liabilities $2.939B $2.266B
YoY Change 29.69% -39.95%
LONG-TERM LIABILITIES
Long-Term Debt $6.458B $7.840B
YoY Change -17.63% 23.55%
Other Long-Term Liabilities $606.7M $593.4M
YoY Change 2.24% 14.82%
Total Long-Term Liabilities $7.065B $8.434B
YoY Change -16.23% 22.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.939B $2.266B
Total Long-Term Liabilities $7.065B $8.434B
Total Liabilities $11.29B $12.15B
YoY Change -7.02% -0.67%
SHAREHOLDERS EQUITY
Retained Earnings $10.43B $9.803B
YoY Change 6.36% -3.47%
Common Stock $9.298B $9.076B
YoY Change 2.45% 2.32%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.718B $6.720B
YoY Change -0.03% -0.02%
Treasury Stock Shares $103.8M $103.8M
Shareholders Equity $12.71B $11.87B
YoY Change
Total Liabilities & Shareholders Equity $24.01B $24.03B
YoY Change -0.07% -1.19%

Cashflow Statement

Concept 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $145.6M $242.5M
YoY Change -39.96% -43.75%
Depreciation, Depletion And Amortization $328.8M $258.6M
YoY Change 27.15% 2.82%
Cash From Operating Activities $433.1M $381.3M
YoY Change 13.59% -34.02%
INVESTING ACTIVITIES
Capital Expenditures -$148.1M -$94.10M
YoY Change 57.39% -38.62%
Acquisitions
YoY Change
Other Investing Activities $22.90M $2.700M
YoY Change 748.15% -126.21%
Cash From Investing Activities -$125.2M -$91.40M
YoY Change 36.98% -44.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -426.1M -42.60M
YoY Change 900.23% -85.72%
NET CHANGE
Cash From Operating Activities 433.1M 381.3M
Cash From Investing Activities -125.2M -91.40M
Cash From Financing Activities -426.1M -42.60M
Net Change In Cash -118.2M 247.3M
YoY Change -147.8% 113.37%
FREE CASH FLOW
Cash From Operating Activities $433.1M $381.3M
Capital Expenditures -$148.1M -$94.10M
Free Cash Flow $581.2M $475.4M
YoY Change 22.25% -34.98%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2020Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12714200000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
97700000
zbh Net Cash Flows Between Transferee And Transferor Unremitted Collections From Factoring Programs
NetCashFlowsBetweenTransfereeAndTransferorUnremittedCollectionsFromFactoringPrograms
39600000
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
13000000.0
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1929300000
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1929300000
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
919600000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
802100000
CY2021Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1392000000.0
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1452700000
CY2021Q3 us-gaap Inventory Net
InventoryNet
2517400000
CY2020Q4 us-gaap Inventory Net
InventoryNet
2450700000
CY2021Q3 us-gaap Prepaid Taxes
PrepaidTaxes
314700000
CY2020Q4 us-gaap Prepaid Taxes
PrepaidTaxes
208800000
CY2021Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
168700000
CY2020Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
169000000.0
CY2021Q3 us-gaap Assets Current
AssetsCurrent
5312400000
CY2020Q4 us-gaap Assets Current
AssetsCurrent
5083300000
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2008200000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2047700000
CY2021Q3 us-gaap Goodwill
Goodwill
9212000000.0
CY2020Q4 us-gaap Goodwill
Goodwill
9261800000
CY2021Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
6470300000
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
7055500000
CY2021Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1005700000
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
969400000
CY2021Q3 us-gaap Assets
Assets
24008600000
CY2020Q4 us-gaap Assets
Assets
24417700000
CY2021Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
327600000
CY2020Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
330000000.0
CY2021Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
121200000
CY2020Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
59500000
CY2020Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2556900000
CY2020Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
790400000
CY2021Q3 us-gaap Liabilities Current
LiabilitiesCurrent
2939100000
CY2021Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1444600000
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1667400000
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
1045700000
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
500000000.0
CY2021Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
693900000
CY2021Q3 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
596600000
CY2020Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
588100000
CY2021Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
606700000
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
656400000
CY2021Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6458100000
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
7626500000
CY2021Q3 us-gaap Liabilities
Liabilities
11294400000
CY2020Q4 us-gaap Liabilities
Liabilities
12218300000
CY2021Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
312700000
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
311400000
CY2021Q3 us-gaap Common Stock Value
CommonStockValue
3100000
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
3100000
CY2021Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
9295100000
CY2020Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
9121600000
CY2021Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
10426300000
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
10086900000
CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-298100000
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-297800000
CY2021Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
103800000
CY2020Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
103800000
CY2021Q3 us-gaap Treasury Stock Value
TreasuryStockValue
6717800000
CY2020Q4 us-gaap Treasury Stock Value
TreasuryStockValue
6719600000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
12708600000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
12194200000
CY2021Q3 us-gaap Minority Interest
MinorityInterest
5600000
CY2020Q4 us-gaap Minority Interest
MinorityInterest
5200000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12199400000
CY2021Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
24008600000
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
24417700000
CY2021Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
46500000
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12714200000
CY2020Q3 us-gaap Profit Loss
ProfitLoss
246100000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-45200000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
149100000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-650200000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-8400000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
117500000
us-gaap Payments For Proceeds From Hedge Investing Activities
PaymentsForProceedsFromHedgeInvestingActivities
-43000000.0
us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
1497100000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
148700000
us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
100000000.0
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1500000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
22300000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-9600000
us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:3.33%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates<span style="font-style:normal;"> - The accompanying unaudited condensed consolidated financial statements are prepared in conformity with GAAP, which requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  We have made our best estimates, as appropriate under GAAP, in the recognition of our assets and liabilities.  These estimates have considered the impact the COVID-19 pandemic may have on our financial position, results of operations and cash flows.  Such estimates included, but were not limited to, variable consideration to our customers, our allowance for doubtful accounts for expected credit losses, the net realizable value of our inventory, the fair value of our goodwill and the recoverability of other long-lived assets.  Actual results could differ materially from these estimates.</span></p>
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
2265600000
CY2020Q4 us-gaap Goodwill
Goodwill
9261800000
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
22100000
CY2020Q4 us-gaap Goodwill Gross
GoodwillGross
11527400000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
2400000
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-74300000
us-gaap Cash Flows Between Transferee And Transferor Proceeds From Collections Reinvested In Revolving Period Transfers
CashFlowsBetweenTransfereeAndTransferorProceedsFromCollectionsReinvestedInRevolvingPeriodTransfers
1186700000
CY2021Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-36900000
CY2021Q3 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
11700000
CY2021Q3 us-gaap Goodwill Gross
GoodwillGross
11477600000
CY2021Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
2265600000
CY2021Q3 us-gaap Goodwill
Goodwill
9212000000.0
CY2020Q1 us-gaap Number Of Reporting Units
NumberOfReportingUnits
3
CY2020Q3 us-gaap Transfer Of Financial Assets Accounted For As Sales Amount Derecognized
TransferOfFinancialAssetsAccountedForAsSalesAmountDerecognized
1225500000
CY2020Q3 us-gaap Transfer Of Financial Assets Accounted For As Sales Cash Proceeds Received For Assets Derecognized Amount
TransferOfFinancialAssetsAccountedForAsSalesCashProceedsReceivedForAssetsDerecognizedAmount
1224300000
us-gaap Cash Flows Between Transferee And Transferor Purchases Of Previously Transferred Financial Assets
CashFlowsBetweenTransfereeAndTransferorPurchasesOfPreviouslyTransferredFinancialAssets
131400000
CY2020Q4 zbh Collections Owed To Transferree
CollectionsOwedToTransferree
0
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
1045700000
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
500000000.0
CY2021Q3 zbh Long Term Debt Fair Value Adjustments
LongTermDebtFairValueAdjustments
9400000
CY2021Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
7856700000
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-9000000.0
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
8700000
CY2021Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-25200000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-42900000
us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
26700000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-69600000
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
23000000.0
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
4500000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
60600000
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
18500000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
70900000
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-1800000
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
-200000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
10300000
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-1600000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
9000000.0
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
38800000
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
39100000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
300000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
8700000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
-3700000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
-300000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-3400000
CY2021Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
7400000
CY2021Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
1700000
CY2021Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-5700000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
7100000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
1800000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-5300000
CY2021Q3 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
7000000.0
CY2021Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
18100000
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-11100000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-300000
CY2020Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-28300000
CY2020Q3 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
-36800000
CY2020Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
8500000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-53200000
us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
-30500000
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-22700000
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
-29100000
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
-5700000
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-23400000
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
8500000
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
1500000
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
7000000.0
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
38900000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
5300000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
33600000
CY2020Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
1600000
CY2020Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
900000
CY2020Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-700000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
5000000.0
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
2500000
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-2500000
CY2020Q3 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-64300000
CY2020Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-43100000
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-21200000
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-78100000
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-33000000.0
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-45100000
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
1000000000
CY2021Q3 us-gaap Deferred Gain Loss On Discontinuation Of Interest Rate Fair Value Hedge
DeferredGainLossOnDiscontinuationOfInterestRateFairValueHedge
0
CY2021Q3 zbh Forward Starting Interest Rate Swap Cash Flow Hedge Remaining To Be Amortized
ForwardStartingInterestRateSwapCashFlowHedgeRemainingToBeAmortized
25400000
zbh Percentage Of Debt Designated As Net Investment Hedges
PercentageOfDebtDesignatedAsNetInvestmentHedges
1
us-gaap Maximum Length Of Time Foreign Currency Cash Flow Hedge
MaximumLengthOfTimeForeignCurrencyCashFlowHedge
P30M
CY2021Q3 zbh Fair Value Of Outstanding Derivative Instruments Net Unrealized Gain Loss Deferred In Other Comprehensive Income
FairValueOfOutstandingDerivativeInstrumentsNetUnrealizedGainLossDeferredInOtherComprehensiveIncome
4500000
CY2021Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-5300000
CY2020Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2800000
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1000000.0
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-24700000
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.104
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.128
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.038
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.003
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
612000000.0
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Translation Adjustment For Net Investment Hedge Increase Decrease Net Of Tax
TranslationAdjustmentForNetInvestmentHedgeIncreaseDecreaseNetOfTax
-131000000.0
CY2021Q3 us-gaap Decrease In Unrecognized Tax Benefits Is Reasonably Possible
DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
250000000
CY2021Q3 us-gaap Increase In Unrecognized Tax Benefits Is Reasonably Possible
IncreaseInUnrecognizedTaxBenefitsIsReasonablyPossible
20000000
CY2021Q3 zbh Amount Of Potential Additional Income Tax Expense Related To Irs Revenue Agents Report Subject To Interest And Penalties
AmountOfPotentialAdditionalIncomeTaxExpenseRelatedToIRSRevenueAgentsReportSubjectToInterestAndPenalties
370000000
CY2021Q3 us-gaap Translation Adjustment For Net Investment Hedge Increase Decrease Net Of Tax
TranslationAdjustmentForNetInvestmentHedgeIncreaseDecreaseNetOfTax
56900000
CY2020Q3 us-gaap Translation Adjustment For Net Investment Hedge Increase Decrease Net Of Tax
TranslationAdjustmentForNetInvestmentHedgeIncreaseDecreaseNetOfTax
-158200000
us-gaap Translation Adjustment For Net Investment Hedge Increase Decrease Net Of Tax
TranslationAdjustmentForNetInvestmentHedgeIncreaseDecreaseNetOfTax
150900000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
208800000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
207100000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
208500000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
206800000
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1800000
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1400000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2000000.0
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
210600000
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
208500000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
210500000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
206800000
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2000000.0
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
900000
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1300000
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
214900000
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1924000000.0
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
299200000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5798300000
CY2019Q1 us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
2300000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4939200000
us-gaap Operating Income Loss
OperatingIncomeLoss
701000000.0
us-gaap Operating Income Loss
OperatingIncomeLoss
-328500000
CY2019Q1 us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
19500000

Files In Submission

Name View Source Status
R21.htm Edgar Link pending
0001564590-21-054497-index-headers.html Edgar Link pending
0001564590-21-054497-index.html Edgar Link pending
0001564590-21-054497.txt Edgar Link pending
0001564590-21-054497-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
zbh-10q_20210930.htm Edgar Link pending
zbh-10q_20210930_htm.xml Edgar Link completed
zbh-20210930.xsd Edgar Link pending
zbh-20210930_cal.xml Edgar Link unprocessable
zbh-20210930_def.xml Edgar Link unprocessable
zbh-20210930_lab.xml Edgar Link unprocessable
zbh-20210930_pre.xml Edgar Link unprocessable
zbh-ex21_257.htm Edgar Link pending
zbh-ex311_9.htm Edgar Link pending
zbh-ex312_7.htm Edgar Link pending
zbh-ex32_10.htm Edgar Link pending