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  "documentTitle": "Stryker Corp. (SYK)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2022-04-06 00:00:00",
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  "notes": "Uses red boxes to highlight the specific change in language between the two reporting periods.",
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      "text": "Stryker is adding more buckets for charges. If the effects of COVID-19 and any recent headwinds were short-term, we don't believe they'd be “terminating sales relationships in certain countries”, “eliminating product lines” and “impairing long-lived and intangible assets.”",
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      "text": "(a) Charges represent certain acquisition and integration-related costs associated with acquisitions. (b) Charges represent the costs associated with the termination of sales relationships in certain countries, workforce reductions, elimination of product lines, certain long-lived and intangible asset impairments and associated costs and other restructuring-related activities. (c) Charges represent the costs specific to updating our quality system, product labeling, asset write-offs and product remanufacturing to comply with the medical device reporting regulations and other requirements of the new medical device regulations in the European Union and China. (d) Charges represent changes in our best estimate of the minimum end of the range of probable loss to resolve certain recall-related matters. (e) Our best estimate of the minimum of the range of probable loss to resolve certain regulatory or other legal matters and the amount of favorable awards from settlements. (f) Benefits and charges represent the accounting impact of certain significant and discrete tax items, including adjustments related to the Tax Cuts and Jobs Act of 2017, and the transfer of certain intellectual properties between tax jurisdictions.",
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      "text": "(a) Charges represent certain acquisition and integration-related costs associated with acquisitions. (b) Charges represent the costs associated with certain restructuring-related activities associated with workforce reductions and other restructuring-related activities. (c) Charges represent the costs specific to updating our quality system, product labeling, asset write-offs and product remanufacturing to comply with the medical device reporting regulations and other requirements of the new medical device regulations in the European Union and China. (d) Charges represent changes in our best estimate of the minimum end of the range of probable loss to resolve certain recall-related matters. (e) Our best estimate of the minimum of the range of probable loss to resolve certain regulatory or other legal matters and the amount of favorable awards from settlements. (f) Benefits and charges represent the accounting impact of certain significant and discrete tax items, including adjustments related to the Tax Cuts and Jobs Act of 2017, and the transfer of certain intellectual properties between tax jurisdictions.",
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