Other Income, Net (Tables)

9 Months Ended

Sep. 30, 2012

Other Income Disclosure, Nonoperating [Abstract]

Schedule of Other Income

Other Income, Net

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
Cozaar®/Hyzaar® income	$	9		$	68		$	48		$	195
Royalty income	21			29			84			91
Interest income	27			28			87			88
Equity in earnings of affiliates, excluding exchange gains/losses	11			35			42			117
Gain on sale of equity method investment	—			—			122			—
Net gain (losses) on sales of other assets	1			(1		)	11			38
Net exchange (losses) gains 1	(130		)	6			(161		)	(132		)
Miscellaneous income and expenses, net 2	7			—			18			7
Other (loss) income, net	$	(54	)	$	165		$	251		$	404

¹ The company routinely uses foreign currency exchange contracts to offset its net exposures, by currency, related to the 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 recorded in other (loss) income, net and the related tax impact is recorded in (benefit from) provision for income taxes on continuing operations on the interim Consolidated Income Statements.

²   Miscellaneous income and expenses, net, generally includes interest items, insurance recoveries, litigation settlements and other items.