Stryker Corp. (SYK)

Sales are recognized as the performance obligations to deliver products or services are satisfied and are recorded based on the amount of consideration Stryker expects to receive in exchange for satisfying the performance obligations. The sales continue to be recognized primarily when Stryker transfers control to the customer, which can be on the date of shipment, the date of receipt by the customer or, for most Orthopaedics products, when Stryker has received a purchase order and appropriate notification the product has been used or implanted. Products and services are primarily transferred to customers at a point in time, with some transfers of services taking place over time. A provision for estimated sales returns, discounts and rebates is recognized as a reduction of sales in the same period that the sales are recognized. Stryker’s estimate of the provision for sales returns has been established based on contract terms with the customers and historical business practices and current trends. Shipping and handling costs charged to customers are included in net sales.

Source: 10-K (filing date: 2019-02-07).

Stryker Corp., Income Statement, Revenues

US$ in millions

	12 months ended	Dec 31, 2018		Dec 31, 2017		Dec 31, 2016		Dec 31, 2015		Dec 31, 2014
	Orthopaedics
	MedSurg
	Neurotechnology & Spine
	Net sales

Based on: 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-11), 10-K (filing date: 2015-02-12).