XML 92 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Income Statement [Abstract]      
Revenues $ 49,605us-gaap_SalesRevenueGoodsNet [1] $ 51,584us-gaap_SalesRevenueGoodsNet [1] $ 54,657us-gaap_SalesRevenueGoodsNet [1]
Costs and expenses:      
Cost of sales(a) 9,577us-gaap_CostOfGoodsSold [1],[2] 9,586us-gaap_CostOfGoodsSold [1],[2] 9,821us-gaap_CostOfGoodsSold [1],[2]
Selling, informational and administrative expenses(a) 14,097us-gaap_SellingGeneralAndAdministrativeExpense [1],[2] 14,355us-gaap_SellingGeneralAndAdministrativeExpense [1],[2] 15,171us-gaap_SellingGeneralAndAdministrativeExpense [1],[2]
Research and development expenses(a) 8,393us-gaap_ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost [1],[2] 6,678us-gaap_ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost [1],[2] 7,482us-gaap_ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost [1],[2]
Amortization of intangible assets 4,039pfe_AmortizationOfIntangibleAssetsNotAssociatedWithSingleFunction [1] 4,599pfe_AmortizationOfIntangibleAssetsNotAssociatedWithSingleFunction [1] 5,109pfe_AmortizationOfIntangibleAssetsNotAssociatedWithSingleFunction [1]
Restructuring charges and certain acquisition-related costs 250pfe_RestructuringChargesAndAcquisitionRelatedCosts [1] 1,182pfe_RestructuringChargesAndAcquisitionRelatedCosts [1] 1,810pfe_RestructuringChargesAndAcquisitionRelatedCosts [1]
Other (income)/deductions––net 1,009us-gaap_OtherNonoperatingIncomeExpense [1] (532)us-gaap_OtherNonoperatingIncomeExpense [1] 4,022us-gaap_OtherNonoperatingIncomeExpense [1]
Income from continuing operations before provision for taxes on income 12,240us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest [1],[3] 15,716us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest [1],[3] 11,242us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest [1],[3]
Provision for taxes on income 3,120us-gaap_IncomeTaxExpenseBenefit [1] 4,306us-gaap_IncomeTaxExpenseBenefit [1] 2,221us-gaap_IncomeTaxExpenseBenefit [1]
Income from continuing operations 9,119us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest [1] 11,410us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest [1] 9,021us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest [1]
Discontinued operations:      
Income from discontinued operations––net of tax (6)us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax [1],[4] 308us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax [1],[4] 794us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax [1],[4]
Gain on disposal of discontinued operations––net of tax 55us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax [1],[4],[5] 10,354us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax [1],[4],[5] 4,783us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax [1],[4],[5]
Discontinued operations––net of tax 48us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax [1],[4] 10,662us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax [1],[4] 5,577us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax [1],[4]
Net income before allocation to noncontrolling interests 9,168us-gaap_ProfitLoss [1] 22,072us-gaap_ProfitLoss [1] 14,598us-gaap_ProfitLoss [1]
Less: Net income attributable to noncontrolling interests 32us-gaap_NetIncomeLossAttributableToNoncontrollingInterest [1] 69us-gaap_NetIncomeLossAttributableToNoncontrollingInterest [1] 28us-gaap_NetIncomeLossAttributableToNoncontrollingInterest [1]
Net income attributable to Pfizer Inc. $ 9,135us-gaap_NetIncomeLoss [1] $ 22,003us-gaap_NetIncomeLoss [1] $ 14,570us-gaap_NetIncomeLoss [1]
Earnings per common share––basic:      
Income from continuing operations attributable to Pfizer Inc. common shareholders (in dollars per share) $ 1.43us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [1] $ 1.67us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [1] $ 1.21us-gaap_IncomeLossFromContinuingOperationsPerBasicShare [1]
Discontinued operations––net of tax (in dollars per share) $ 0.01us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare [1] $ 1.56us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare [1] $ 0.75us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare [1]
Net income attributable to Pfizer Inc. common shareholders (in dollars per share) $ 1.44us-gaap_EarningsPerShareBasic [1] $ 3.23us-gaap_EarningsPerShareBasic [1] $ 1.96us-gaap_EarningsPerShareBasic [1]
Earnings per common share––diluted:      
Income from continuing operations attributable to Pfizer Inc. common shareholders $ 1.41us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [1] $ 1.65us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [1] $ 1.20us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare [1]
Discontinued operations––net of tax $ 0.01us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare [1] $ 1.54us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare [1] $ 0.74us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare [1]
Net income attributable to Pfizer Inc. common shareholders $ 1.42us-gaap_EarningsPerShareDiluted [1] $ 3.19us-gaap_EarningsPerShareDiluted [1] $ 1.94us-gaap_EarningsPerShareDiluted [1]
Weighted-average shares––basic 6,346us-gaap_WeightedAverageNumberOfSharesOutstandingBasic [1] 6,813us-gaap_WeightedAverageNumberOfSharesOutstandingBasic [1] 7,442us-gaap_WeightedAverageNumberOfSharesOutstandingBasic [1]
Weighted-average shares––diluted 6,424us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding [1] 6,895us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding [1] 7,508us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding [1]
Cash dividends paid per common share (in dollars per share) $ 1.04us-gaap_CommonStockDividendsPerShareCashPaid [1] $ 0.96us-gaap_CommonStockDividendsPerShareCashPaid [1] $ 0.88us-gaap_CommonStockDividendsPerShareCashPaid [1]
[1] Amounts may not add due to rounding.
[2] Exclusive of amortization of intangible assets, except as disclosed in Note 1K. Basis of Presentation and Significant Accounting Policies: Amortization of Intangible Assets, Depreciation and Certain Long-Lived Assets.
[3] Income from continuing operations before provision for taxes on income.
[4] Includes the Animal Health (Zoetis) business through June 24, 2013, the date of disposal, and the Nutrition business through November 30, 2012, the date of disposal.
[5] Includes post-close adjustments for the periods subsequent to disposal.