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Other Income, Net (Schedule of Other Income) (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Other Income and Expenses [Abstract]      
Cozaar/Hyzaar income $ 54 $ 282 $ 483
Royalty income 177 189 140
Interest income 109 110 92
Equity in earnings of affiliates, excluding exchange gains/losses 99 [1] 191 [1] 179 [1]
Gain on sale of equity method investment 122 0 0
Net gains on sales of assets 130 89 121
Net exchange losses (215) [1] (146) [1] (11) [1]
Miscellaneous income and expenses, net 22 [2] 27 [2] 195 [2]
Total 498 742 1,199
Exchange gains (losses) related to earnings of affiliates $ 3 $ 1 $ (2)
[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 income, net and the related tax impact is recorded in provision for income taxes on continuing operations on the Consolidated Income Statements. Exchange gains (losses) related to earnings of affiliates was $3, $1 and $(2) for 2012, 2011 and 2010, respectively.
[2] Miscellaneous income and expenses, net, generally includes interest items, insurance recoveries, litigation settlements and other items.