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Becton Dickinson (NYSE: BDX) recasts revenue for new segments

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Becton, Dickinson and Company reorganized its business effective October 1, 2025 into five worldwide segments: Medical Essentials, Connected Care, BioPharma Systems, Interventional and Life Sciences. Each segment groups distinct product-focused organizational units such as Medication Delivery Solutions, Advanced Patient Monitoring and Urology and Critical Care.

The company explains that the segment reorganization did not change principal product lines. Because Life Sciences combines Diagnostic Solutions and Biosciences, and these businesses are subject to a previously announced combination with Waters Corporation, Life Sciences will be removed from segment reporting after that separation, leaving four reportable segments.

To help investors understand trends under the new structure, BD furnished Exhibit 99.1 with unaudited historical recast segment revenues for fiscal 2025, the quarterly periods in 2025 and comparable prior-year periods, including schedules that detail related non-GAAP revenue measures and adjustments.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K
CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) February 5, 2026
BECTON, DICKINSON AND COMPANY
(Exact Name of Registrant as Specified in Its Charter)
New Jersey
(State or Other Jurisdiction of Incorporation)
001-4802 22-0760120
(Commission File Number) (IRS Employer Identification No.)
  
1 Becton Drive, Franklin Lakes,
New Jersey
 07417-1880
(Address of Principal Executive Offices) (Zip Code)
(201) 
847-6800
 (Registrant’s Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
 
Check the appropriate box below if the Form 8-K Filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of Each ClassTrading Symbol
Name of each exchange on
which registered
Common stock, par value $1.00BDXNew York Stock Exchange
1.900% Notes due December 15, 2026BDX26New York Stock Exchange
1.208% Notes due June 4, 2026BDX/26ANew York Stock Exchange
1.213% Notes due February 12, 2036BDX/36New York Stock Exchange
3.519% Notes due February 8, 2031BDX31New York Stock Exchange
3.828% Notes due June 7, 2032BDX32ANew York Stock Exchange



Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐




ITEM 7.01 REGULATION FD DISCLOSURE.
Effective October 1, 2025, Becton Dickinson and Company ("BD" or the "Company") reorganized its organizational units into five worldwide business segments: BD Medical Essentials (“Medical Essentials”), BD Connected Care (“Connected Care”), BD BioPharma Systems (“BioPharma Systems”), BD Interventional (“Interventional”) and BD Life Sciences (“Life Sciences”). The Company's segments are strategic businesses that are managed separately because each one develops, manufactures and markets distinct products and services. The segment reorganization did not affect the principal product lines of any organizational unit.
The following table provides an overview of the Company’s reportable segments and their respective organizational units.
Reportable Segment:Organizational Units:
Medical Essentials
Medication Delivery Solutions, Specimen Management
Connected Care
Medication Management Solutions, Advanced Patient Monitoring
BioPharma Systems
BioPharma Systems (formerly Pharmaceutical Systems)
Interventional
Urology and Critical Care, Peripheral Intervention, Surgery
Life Sciences (1)
Diagnostic Solutions and Biosciences
(1) On July 13, 2025, the Company entered into a definitive agreement to combine its Biosciences and Diagnostic Solutions business with Waters Corporation. Subsequent to the separation and combination, the Life Sciences segment will be eliminated from the Company’s segment reporting, which will consist of the remaining four reportable segments.
In order to assist investors, BD has furnished as Exhibit 99.1 recast historical segment revenues for fiscal year 2025, the quarterly periods within fiscal year 2025, and the corresponding prior year periods to present segment revenues in accordance with the new segment structure.

The information furnished as Exhibit 99.1 contains certain financial measures that differ from those presented in accordance with U.S. generally accepted accounting principles (“non-GAAP measures”). Details regarding these non-GAAP measures and adjustments can be found in the schedules furnished as Exhibit 99.1.

The information contained in this Current Report on Form 8-K and Exhibit 99.1 hereto shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act.



ITEM 9.01    FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit 99.1

BD Unaudited Historical Recast Supplemental Revenue Information, which is furnished pursuant to Item 7.01.
Exhibit 104Cover Page Interactive Data File (embedded within the Inline XBRL document).



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BECTON, DICKINSON AND COMPANY
(Registrant)
By:/s/ Stephanie M. Kelly
 Stephanie M. Kelly
 Chief Securities and Governance Counsel, Corporate Secretary
Date: February 5, 2026

FAQ

How did Becton Dickinson (BDX) change its business segments?

Becton Dickinson reorganized into five worldwide business segments effective October 1, 2025. The new segments are Medical Essentials, Connected Care, BioPharma Systems, Interventional and Life Sciences, each grouping distinct organizational units that develop, manufacture and market specific products and services across the company’s global operations.

Which organizational units are in Becton Dickinson’s new Medical Essentials and Connected Care segments?

Medical Essentials includes Medication Delivery Solutions and Specimen Management. Connected Care includes Medication Management Solutions and Advanced Patient Monitoring. These groupings align product and service lines that support core hospital and clinical workflows, while being managed as separate strategic businesses within Becton Dickinson.

What change is planned for Becton Dickinson’s Life Sciences segment?

Life Sciences currently includes Diagnostic Solutions and Biosciences but will be eliminated from segment reporting. After BD completes the planned separation and combination of these businesses with Waters Corporation, the company’s segment reporting will be based on the remaining four segments under the revised structure.

What historical financial information did Becton Dickinson provide with this 8-K?

BD furnished unaudited historical recast segment revenue information as Exhibit 99.1. The schedules cover fiscal year 2025, each quarterly period in 2025, and corresponding prior-year periods, presenting segment revenues aligned with the new structure and including non-GAAP revenue measures with related adjustment details.

Are Becton Dickinson’s recast segment revenue schedules in Exhibit 99.1 considered filed financial statements?

No, the recast revenue information and this related communication are furnished, not filed. The company states they are not deemed filed under Section 18 of the Exchange Act, are not subject to related liabilities, and are not incorporated by reference into Securities Act or Exchange Act filings.

What non-GAAP financial information did Becton Dickinson reference in this segment update?

The company notes that Exhibit 99.1 includes non-GAAP revenue measures. The unaudited historical recast segment revenues use certain measures that differ from U.S. GAAP, and the accompanying schedules provide details and adjustments explaining how those non-GAAP figures are derived from the company’s reported results.
Becton Dickinson & Co

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