Covidien Announces Reporting Changes, Revises Revenue Guidance

Covidien plc COV today provided further details regarding its previously disclosed realignment of reportable segments and announced additional changes in its revenue reporting format. These changes are designed to further align with the company's recent reorganization and provide additional transparency of financial performance. The new format provides a worldwide view of sales across three major product categories while enhancing geographic reporting by breaking out non-U.S. sales into new categories for emerging and non-U.S. developed markets. The company will begin using this format when it releases its fiscal first quarter 2014 results in January. “Our new revenue reporting format more closely reflects the way we See full press release