Issue link: http://catalog.e-digitaleditions.com/i/647001
Geographic and Segment Net Sales Percentage Change 2015/2014 2014/2013 Constant Currency Constant Currency 2015 2014 2013 Reported Reported Geographic net sales: United States $ 7,116 $ 6,558 $ 5,984 8.5% 8.5% 9.6% 9.6% International 2,830 3,117 3,037 (9.2) 3.7 2.6 5.7 Total net sales $ 9,946 $ 9,675 $ 9,021 2.8% 7.0% 7.3% 8.3% Segment net sales: Orthopaedics $ 4,223 $ 4,153 $ 3,949 1.7% 6.7% 5.2% 6.3% MedSurg 3,895 3,781 3,414 3.0 6.2 10.8 11.7 Neurotechnology and Spine 1,828 1,741 1,658 5.0 9.5 5.0 6.2 Total net sales $ 9,946 $ 9,675 $ 9,021 2.8% 7.0% 7.3% 8.3% Consolidated Net Sales Consolidated net sales in 2015 increased 2.8% as reported and 7.0% in constant currency, as foreign currency exchange rates negatively impacted net sales by 4.2%. Excluding the 0.9% impact of acquisitions, net sales increased 6.1% in constant currency, including 7.6% from increased unit volume and product mix partially offset by 1.6% lower prices. The increase was led primarily by higher product shipments of neurotechnology, trauma and extremities, medical and instruments. Consolidated net sales in 2014 increased 7.3% as reported and 8.3% in constant currency, as foreign currency exchange rates negatively impacted net sales by 1.0%. Excluding the 2.5% impact of acquisitions, net sales increased 5.8% in constant currency, including 7.8% from increased unit volume and product mix partially offset by 2.0% lower prices. The increase was led primarily by higher product shipments of instruments, trauma and extremities, endoscopy, neurotechnology and medical. Supplemental Geographical Net Sales Growth Information Percentage Change Percentage Change United States International United States International 2015 2014 As Reported Constant Currency As Reported As Reported Constant Currency 2014 2013 As Reported Constant Currency As Reported As Reported Constant Currency Orthopaedics Knees $1,403 $1,396 0.5% 4.6% 4.9% (9.6)% 3.9% $1,396 $1,371 1.8% 2.7% 4.3% (3.5)% (0.7)% Hips 1,263 1,291 (2.1) 3.1 6.3 (13.6) (1.1) 1,291 1,272 1.5 2.7 6.1 (4.2) (1.4) Trauma and Extremities 1,291 1,230 4.9 10.8 16.1 (8.7) 4.4 1,230 1,116 10.2 11.4 14.8 5.1 7.7 Other 266 236 13.0 16.4 18.2 (5.0) 10.2 236 190 24.0 25.2 37.4 (7.6) (3.7) Total $4,223 $4,153 1.7% 6.7% 9.2% (10.5)% 2.5% $4,153 $3,949 5.2% 6.3% 9.4% (1.1)% 1.7 % MedSurg Instruments $1,466 $1,424 2.9% 6.5% 7.2% (9.1)% 4.5% $1,424 $1,269 12.2% 13.1% 14.8% 5.7 % 8.8 % Endoscopy 1,390 1,382 0.5 3.9 5.3 (11.5) 0.4 1,382 1,222 13.1 14.2 13.3 12.6 16.2 Medical 823 766 7.5 10.4 9.2 0.5 15.1 766 710 7.9 8.8 9.3 2.2 6.7 Sustainability 216 209 3.4 3.5 3.5 (10.7) 3.3 209 213 (1.9) (1.9) (1.8) nm nm Total $3,895 $3,781 3.0% 6.2% 6.7% (8.6)% 4.4% $3,781 $3,414 10.8% 11.7% 11.7% 7.9 % 11.5 % Neurotechnology and Spine Neurotechnology $1,088 $1,001 8.6% 14.2% 15.6% (2.3)% 11.9% $1,001 $ 915 9.4% 10.9% 11.2% 6.7 % 10.4 % Spine 740 740 0.2 3.2 6.6 (14.7) (4.7) 740 743 (0.4) 0.3 (1.6) 2.5 5.2 Total $1,828 $1,741 5.0% 9.5% 11.5% (6.8)% 5.9% $1,741 $1,658 5.0% 6.2% 5.0% 5.1 % 8.5 % nm = not meaningful Orthopaedics Net Sales Orthopaedics net sales in 2015 increased 1.7% as reported and 6.7% in constant currency, as foreign currency exchange rates negatively impacted net sales by 5.0%. Excluding the 0.5% impact of acquisitions, net sales increased 6.1% in constant currency, including 8.6% from increased unit volume and changes in product mix, partially offset by 2.4% lower prices. The increase was led primarily by higher shipments of trauma and extremities products. Orthopaedics net sales in 2014 increased 5.2% as reported and 6.3% in constant currency, as net sales were negatively impacted by 1.1% due to the impact of foreign currency exchange rates. Excluding the 3.0% impact of acquisitions, net sales increased 3.2% in constant currency, including 6.2% from increased unit volume and changes in product mix, partially offset by 2.9% lower prices. The increase was led primarily by higher shipments of trauma and extremities products. MedSurg Net Sales MedSurg net sales in 2015 increased 3.0% as reported and 6.2% in constant currency, as foreign currency exchange rates negatively impacted net sales by 3.2%. Excluding the 1.7% impact of acquisitions, net sales increased 4.5% in constant currency, including 4.8% from increased unit volume and changes in product mix, partially offset by 0.3% lower prices. The increase was led primarily by higher shipments of medical and instruments products. MedSurg net sales in 2014 increased 10.8% as reported and 11.7% in constant currency, as net sales were negatively impacted by 0.9% due to the impact of foreign currency exchange rates. Excluding the 3.0% impact of acquisitions, net sales increased 8.7% in constant currency, including 9.5% from increased unit volume and changes in product mix, partially offset by 0.8% lower prices. The increase was led primarily by higher shipments of our instrument STRYKER CORPORATION 2015 Form 10-K 10 Dollar amounts in millions except per share amounts or as otherwise specified.