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Other Income, Net (Schedule of Other Income) (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Other Income and Expenses [Abstract]        
Cozaar/Hyzaar income $ 14 $ 79 $ 39 $ 127
Royalty income 25 35 66 66
Interest income 37 32 60 60
Equity in earnings (losses) of affiliates, Excluding Exchange Gains Losses 21 35 31 83
Gain on sale of equity method investment 122 0 122 0
Net (losses) gains on sales of assets 5 33 10 39
Net exchange gains (losses) 28 [1] 4 [1] (52) [1] (139) [1]
Miscellaneous income and expenses, net 25 [2] 11 [2] 27 [2] 18 [2]
Total $ 277 $ 229 $ 303 $ 254
[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 the interim Consolidated Income Statements.
[2] Miscellaneous income and expenses, net, generally includes interest items, insurance recoveries, litigation settlements and other items.