BASIS OF PRESENTATION (Tables)

6 Months Ended

Jun. 30, 2015

Summary of Operating Results Reflected as Discontinued Operations and Assets and Liabilities Classified as Held for Sale Associated with Franchise Vaccines

Following is a summary of the operating results of the Vaccines franchise, which have been reflected as discontinued operations for the three and six months ended June 30, 2015 and 2014.

	Three months ended				Six months ended
	June 30,				June 30,
(in millions)	2015		2014		2015		2014
Net sales		$ —		$110		$1	$213
(Loss) income before income taxes		(5)		59		6	115
Income tax (benefit) expense		(1)		7		—	14
Net (loss) income		$(4)		$52		$6	$101