XML 29 R8.htm IDEA: XBRL DOCUMENT v2.3.0.15
Other Income, Net
9 Months Ended
Sep. 30, 2011
Other Income and Expenses [Abstract] 
Other Income, Net
Other Income, Net
 
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2011
 
2010
 
2011
 
2010
Cozaar®/Hyzaar® income
$
68

 
$
109

 
$
195

 
$
397

Royalty income
30

 
36

 
96

 
89

Interest income
28

 
28

 
88

 
68

Equity in earnings of affiliates, excluding
  exchange gains/losses
34

 
33

 
117

 
119

Net (losses) gains on sales of assets
(1
)
 
1

 
38

 
96

Net exchange losses 1
(6
)
 
(160
)
 
(145
)
 
(25
)
Miscellaneous income and expenses, net 2
8

 
19

 
26

 
146

Total
$
161

 
$
66

 
$
415

 
$
890

 
__________________________________
1                  The company routinely uses forward exchange contracts to offset its net exposures, by currency, related to its foreign currency-denominated monetary assets and liabilities. The objective of this program is to maintain an approximately balanced position in foreign currencies in order to minimize, on an after-tax basis, the effects of exchange rate changes on net monetary asset positions. The net pre-tax exchange gains and losses are partially offset by the associated tax impact.
2                  Miscellaneous income and expenses, net, generally includes interest items, insurance recoveries, litigation settlements and other items.