CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating Activities
Net income before allocation to noncontrolling interests	$ 594	$ 558
Adjustments to reconcile net income before noncontrolling interests to net cash provided by operating activities:
Depreciation and amortization expense	114	109	[1],[2]
Share-based compensation expense	16	13
Asset write-offs and asset impairments	1	1
Provision for losses on inventory	9	11
Deferred taxes	(45)	(13)
Employee benefit plan contribution from Pfizer Inc.	1	1
Other non-cash adjustments	4	4
Other changes in assets and liabilities, net of acquisitions and divestitures:
Accounts receivable	(102)	(108)
Inventories	(146)	(84)
Other assets	(1)	24
Accounts payable	(31)	(112)
Other liabilities	(222)	(72)
Other tax accounts, net	117	68
Net cash provided by operating activities	309	400
Investing Activities
Capital expenditures	(115)	(77)
Acquisitions	(4)	(3)
Purchase of investments	(5)	0
Settlement on swaps designated as net investment hedges	6	17
Net cash used in investing activities	(118)	(63)
Financing Activities
Share-based compensation-related proceeds, net of taxes paid on withholding shares	(30)	(39)
Purchases of treasury stock	(361)	(181)
Cash dividends paid	(154)	(119)
Net cash used in financing activities	(545)	(339)
Effect of exchange-rate changes on cash and cash equivalents	4	0
Net decrease in cash and cash equivalents	(350)	(2)
Cash and cash equivalents at beginning of period	3,485	3,604
Cash and cash equivalents at end of period	3,135	3,602
Cash paid during the period for:
Income taxes	26	32
Interest, net of capitalized interest	89	94
Amounts included in the measurement of lease liabilities	13	11
Non-cash transactions:
Capital expenditures	4	3
Lease obligations obtained in exchange for right-of-use assets	19	$ 7
Dividends declared, not paid	$ 153

[1] Certain production facilities are shared. Depreciation and amortization is allocated to the reportable operating segments based on estimates of where the benefits of the related assets are realized.

[2] Defined as income before provision for taxes on income.