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Acquisitions (Tables)
3 Months Ended
Mar. 31, 2015
Business Combinations [Abstract]  
Rollforward of Fair Value of Contingent Consideration [Table Text Block]
Changes in the fair value of our contingent consideration liability were as follows (in millions):
Balance as of December 31, 2014
$
274

Amounts recorded related to new acquisitions

Other amounts recorded related to prior acquisitions

Net fair value adjustments
27

Payments made
(99
)
Balance as of March 31, 2015
$
202

Description of unobservable inputs used in Level 3 fair value measurements [Table Text Block]
The recurring Level 3 fair value measurements of our contingent consideration liability include the following significant unobservable inputs:
Contingent Consideration Liability
Fair Value as of March 31, 2015
Valuation Technique
Unobservable Input
Range
R&D, Regulatory and Commercialization-based Milestones
$13 million
Probability Weighted Discounted Cash Flow
Discount Rate
1.2%
Probability of Payment
95% - 100%
Projected Year of Payment
2015
Revenue-based Payments
$51 million
Probability Weighted Discounted Cash Flow
Discount Rate
11.5% - 15%
Probability of Payment
0% - 100%
Projected Year of Payment
2015 - 2018
$138 million
Monte Carlo
Revenue Volatility
11% - 13%
Risk Free Rate
LIBOR Term Structure
Projected Year of Payment
2015-2018
The nonrecurring Level 3 fair value measurements of our intangible asset impairment analysis included the following significant unobservable inputs:
Intangible Asset
Valuation Date
Fair Value
Valuation Technique
Unobservable Input
Rate
In-Process R&D
March 31, 2014
$6 million
Income Approach - Excess Earnings Method
Discount Rate
20%
Core Technology
March 31, 2014
$64 million
Income Approach - Excess Earnings Method
Discount Rate
15%