10-Q Filing

BECTON DICKINSON & CO CIK: 10795 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0000010795-24-000019`
Period End Date	20231231
Filing Date	20240201
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	bdx-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 38 Cash Flow Statement 48 Comprehensive Income 12

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (USD per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value (USD per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, shares authorized (shares)	`CommonStockSharesAuthorized`	640.00M	shares	Point-in-time
Common stock, shares authorized (shares)	`CommonStockSharesAuthorized`	640.00M	shares	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	370.59M	shares	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	370.59M	shares	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.18B	USD	Point-in-time
Cash and equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.42B	USD	Point-in-time
Restricted cash	`RestrictedCashAndInvestmentsCurrent`	$54.00M	USD	Point-in-time
Restricted cash	`RestrictedCashAndInvestmentsCurrent`	$65.00M	USD	Point-in-time
Short-term investments	`OtherShortTermInvestments`	$2.00M	USD	Point-in-time
Short-term investments	`OtherShortTermInvestments`	$8.00M	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$2.53B	USD	Point-in-time
Trade receivables, net	`AccountsReceivableNetCurrent`	$2.27B	USD	Point-in-time
Materials	`InventoryRawMaterialsNetOfReserves`	$776.00M	USD	Point-in-time
Materials	`InventoryRawMaterialsNetOfReserves`	$714.00M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$368.00M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$381.00M	USD	Point-in-time
Finished products	`InventoryFinishedGoodsNetOfReserves`	$2.18B	USD	Point-in-time
Finished products	`InventoryFinishedGoodsNetOfReserves`	$2.16B	USD	Point-in-time
Inventories	`InventoryNet`	$3.30B	USD	Point-in-time
Inventories	`InventoryNet`	$3.27B	USD	Point-in-time
Prepaid expenses and other	`OtherAssetsCurrent`	$1.35B	USD	Point-in-time
Prepaid expenses and other	`OtherAssetsCurrent`	$1.38B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.16B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.68B	USD	Point-in-time
Property, Plant and Equipment	`PropertyPlantAndEquipmentGross`	$13.90B	USD	Point-in-time
Property, Plant and Equipment	`PropertyPlantAndEquipmentGross`	$13.58B	USD	Point-in-time
Less allowances for depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$7.25B	USD	Point-in-time
Less allowances for depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$7.02B	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$6.65B	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$6.56B	USD	Point-in-time
Goodwill	`Goodwill`	$24.60B	USD	Point-in-time
Goodwill	`Goodwill`	$24.52B	USD	Point-in-time
Developed Technology, Net	`CoreAndDevelopedTechnologyNet`	$7.81B	USD	Point-in-time
Developed Technology, Net	`CoreAndDevelopedTechnologyNet`	$8.06B	USD	Point-in-time
Customer Relationships, Net	`FiniteLivedCustomerRelationshipsNet`	$2.34B	USD	Point-in-time
Customer Relationships, Net	`FiniteLivedCustomerRelationshipsNet`	$2.25B	USD	Point-in-time
Other Intangibles, Net	`OtherIntangibleAssetsNet`	$555.00M	USD	Point-in-time
Other Intangibles, Net	`OtherIntangibleAssetsNet`	$552.00M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$2.08B	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$2.26B	USD	Point-in-time
Total Assets	`Assets`	$52.27B	USD	Point-in-time
Total Assets	`Assets`	$52.78B	USD	Point-in-time
Current debt obligations	`DebtCurrent`	$2.02B	USD	Point-in-time
Current debt obligations	`DebtCurrent`	$1.14B	USD	Point-in-time
Payables, accrued expenses and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$5.52B	USD	Point-in-time
Payables, accrued expenses and other current liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$5.50B	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.64B	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$7.54B	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$14.74B	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$14.09B	USD	Point-in-time
Long-Term Employee Benefit Obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$894.00M	USD	Point-in-time
Long-Term Employee Benefit Obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$1.02B	USD	Point-in-time
Deferred Income Taxes and Other Liabilities	`OtherLiabilitiesNoncurrent`	$4.41B	USD	Point-in-time
Deferred Income Taxes and Other Liabilities	`OtherLiabilitiesNoncurrent`	$4.58B	USD	Point-in-time
Commitments and Contingencies (See Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (See Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock $1 par value; authorized 640,000,000 shares; issued 370,594,401 shares in December 31, 2023 and September 30, 2023	`CommonStockValue`	$371.00M	USD	Point-in-time
Common stock $1 par value; authorized 640,000,000 shares; issued 370,594,401 shares in December 31, 2023 and September 30, 2023	`CommonStockValue`	$371.00M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$19.74B	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$19.72B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$15.54B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$15.54B	USD	Point-in-time
Deferred compensation	`CommonStockSharesHeldInEmployeeTrust1`	$24.00M	USD	Point-in-time
Deferred compensation	`CommonStockSharesHeldInEmployeeTrust1`	$24.00M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$8.83B	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$8.30B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.51B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.55B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.56B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.49B	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$25.33B	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$25.80B	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$52.78B	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$52.27B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$4.59B	USD	1 Quarter
Revenues	`Revenues`	$4.71B	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$2.45B	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$2.68B	USD	1 Quarter
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$1.21B	USD	1 Quarter
Selling and administrative expense	`SellingGeneralAndAdministrativeExpense`	$1.19B	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$290.00M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$313.00M	USD	1 Quarter
Integration and restructuring expense	`AcquisitionRelatedCostsAndRestructuringCharges`	$44.00M	USD	1 Quarter
Integration and restructuring expense	`AcquisitionRelatedCostsAndRestructuringCharges`	$75.00M	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-3.00M	USD	1 Quarter
Other operating expense, net	`OtherOperatingIncomeExpenseNet`	$-11.00M	USD	1 Quarter
Total Operating Costs and Expenses	`CostsAndExpenses`	$4.00B	USD	1 Quarter
Total Operating Costs and Expenses	`CostsAndExpenses`	$4.27B	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$585.00M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$439.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$102.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$111.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$34.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$6.00M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-8.00M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-4.00M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$359.00M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$481.00M	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$-28.00M	USD	1 Quarter
Income tax provision (benefit)	`IncomeTaxExpenseBenefit`	$77.00M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$509.00M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$281.00M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	$23.00M	USD	1 Quarter
Preferred stock dividends	`PreferredStockDividendsIncomeStatementImpact`	-	USD	1 Quarter
Net income applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$281.00M	USD	1 Quarter
Net income applicable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$486.00M	USD	1 Quarter
Basic Earnings per Share (USD per share)	`EarningsPerShareBasic`	$0.97	USD	1 Quarter
Basic Earnings per Share (USD per share)	`EarningsPerShareBasic`	$1.71	USD	1 Quarter
Diluted Earnings per Share (USD per share)	`EarningsPerShareDiluted`	$0.96	USD	1 Quarter
Diluted Earnings per Share (USD per share)	`EarningsPerShareDiluted`	$1.70	USD	1 Quarter
Dividends per Common Share (USD per share)	`CommonStockDividendsPerShareDeclared`	$0.95	USD	1 Quarter
Dividends per Common Share (USD per share)	`CommonStockDividendsPerShareDeclared`	$0.91	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$509.00M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$281.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$567.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$561.00M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$83.00M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$89.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-118.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-91.00M	USD	1 Quarter
Change in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-152.00M	USD	1 Quarter
Change in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$665.00M	USD	1 Quarter
Pension obligation	`IncreaseDecreaseinPensionBenefitObligation`	$21.00M	USD	1 Quarter
Pension obligation	`IncreaseDecreaseinPensionBenefitObligation`	$-129.00M	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-2.00M	USD	1 Quarter
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$-3.00M	USD	1 Quarter
Net Cash Provided by Continuing Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$855.00M	USD	1 Quarter
Net Cash Provided by Continuing Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$399.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$208.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$116.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$116.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$83.00M	USD	1 Quarter
Net Cash Used for Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-233.00M	USD	1 Quarter
Net Cash Used for Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-291.00M	USD	1 Quarter
Change in short-term debt	`ProceedsFromRepaymentsOfShortTermDebt`	$365.00M	USD	1 Quarter
Change in short-term debt	`ProceedsFromRepaymentsOfShortTermDebt`	-	USD	1 Quarter
Payments of debt	`RepaymentsOfLongTermDebt`	$528.00M	USD	1 Quarter
Payments of debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$500.00M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$275.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$281.00M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-87.00M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-89.00M	USD	1 Quarter
Net Cash Used for Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-862.00M	USD	1 Quarter
Net Cash Used for Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-534.00M	USD	1 Quarter
Net cash used for operating activities of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-14.00M	USD	1 Quarter
Net cash used for operating activities of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Effect of exchange rate changes on cash and equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.00M	USD	1 Quarter
Effect of exchange rate changes on cash and equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.00M	USD	1 Quarter
Net decrease in cash and equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-415.00M	USD	1 Quarter
Net decrease in cash and equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-247.00M	USD	1 Quarter
Opening Cash and Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.48B	USD	Point-in-time
Opening Cash and Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.16B	USD	Point-in-time
Opening Cash and Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.23B	USD	Point-in-time
Opening Cash and Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$744.00M	USD	Point-in-time
Closing Cash and Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.48B	USD	Point-in-time
Closing Cash and Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.16B	USD	Point-in-time
Closing Cash and Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.23B	USD	Point-in-time
Closing Cash and Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$744.00M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$509.00M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$281.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$40.00M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-80.00M	USD	1 Quarter
Defined benefit pension and postretirement plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-11.00M	USD	1 Quarter
Defined benefit pension and postretirement plans	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-12.00M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-18.00M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-3.00M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$33.00M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$-72.00M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$437.00M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$314.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.