Selected Quarterly Data (Notes)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

Note 19: Selected Quarterly Data (unaudited)

2016	Fourth			Third			Second			First
Revenue	$	5,760.5		$	5,191.7		$	5,404.8		$	4,865.1
Cost of sales	1,466.0			1,400.9			1,465.0			1,323.0
Operating expenses(1)	3,240.7			2,801.8			2,958.5			2,694.9
Acquired in-process research and development	30.0			—			—			—
Asset impairment, restructuring, and other special charges	147.6			45.5			58.0			131.4
Other—net, (income) expense	(15.8		)	(27.2		)	(21.2		)	149.0
Income before income taxes	892.0			970.7			944.5			566.8
Net income	771.8			778.0			747.7			440.1
Earnings per share—basic	0.73			0.74			0.71			0.42
Earnings per share—diluted	0.73			0.73			0.71			0.41
Dividends paid per share	0.51			0.51			0.51			0.51
Common stock closing prices:
High	83.06			83.40			78.75			84.11
Low	65.97			76.85			72.57			69.06
2015	Fourth			Third			Second			First
Revenue	$	5,375.6		$	4,959.7		$	4,978.7		$	4,644.7
Cost of sales	1,389.2			1,236.9			1,218.4			1,192.7
Operating expenses(1)	3,242.6			2,719.1			2,804.9			2,562.8
Acquired in-process research and development	199.0			—			80.0			256.0
Asset impairment, restructuring, and other special charges	144.9			42.4			72.4			108.0
Other—net, (income) expense	(44.7		)	(86.5		)	123.3			(92.7		)
Income before income taxes	444.6			1,047.8			679.7			617.9
Net income	478.4			799.7			600.8			529.5
Earnings per share—basic	0.45			0.75			0.57			0.50
Earnings per share—diluted	0.45			0.75			0.56			0.50
Dividends paid per share	0.50			0.50			0.50			0.50
Common stock closing prices:
High	87.52			89.98			86.59			76.36
Low	76.98			78.26			70.89			68.41

⁽¹⁾ Includes research and development and marketing, selling, and administrative expenses.

Our common stock is listed on the New York Stock Exchange (NYSE), NYSE Euronext, and SIX Swiss Exchange.