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Item 6. Selected Financial Data

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Item 6. Selected Financial Data

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The financial information for each of the past five years ended December 31 is set forth below (in millions, except per share amounts):

		2019				2018				2017				2016				2015 (1)(2)
STATEMENT OF EARNINGS DATA
Net sales		$	7,982.2			$	7,932.9			$	7,803.3			$	7,668.4			$	5,997.8
Net earnings (loss) of Zimmer Biomet Holdings, Inc.			1,131.6				(379.2	)			1,813.8				305.9				147.0
Earnings (loss) per common share
Basic		$	5.52			$	(1.86	)		$	8.98			$	1.53			$	0.78
Diluted			5.47				(1.86	)			8.90				1.51				0.77
Dividends declared per share of common stock		$	0.96			$	0.96			$	0.96			$	0.96			$	0.88
Average common shares outstanding
Basic			205.1				203.5				201.9				200.0				187.4
Diluted			206.7				203.5				203.7				202.4				189.8
BALANCE SHEET DATA
Total assets		$	24,638.7			$	24,126.8			$	26,014.0			$	26,684.4			$	27,160.6
Long-term debt			6,721.4				8,413.7				8,917.5				10,665.8				11,497.4
Other long-term obligations			2,083.0				2,015.7				2,291.3				3,967.2				4,155.9
Stockholders' equity			12,392.8				11,276.1				11,735.5				9,669.9				9,889.4

(1)	Effective January 1, 2018 we adopted Accounting Standards Update 2014-09 – Revenue from Contracts with Customers (Topic 606). We adopted this new standard using the retrospective method, which resulted in us restating the 2017 and 2016 periods. The 2015 period has not been restated.

(2)	On June 24, 2015 we acquired LVB Acquisition, Inc. Accordingly, the results of this significant acquisition have only been reflected in 2015 starting on that date.

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