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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net sales $ 1,888 $ 1,846 $ 5,499 $ 5,493
Cost of products sold 539 550 1,600 1,651
Gross profit 1,349 1,296 3,899 3,842
Operating expenses:        
Selling, general and administrative expenses 729 741 2,095 2,150
Research and development expenses 221 212 632 609
Royalty expense 17 21 53 86
Amortization expense 131 109 361 327
Intangible asset impairment charges 10 12 19 177
Contingent consideration expense (benefit) 40 (4) 86 (122)
Restructuring charges 7 2 16 37
Litigation-related charges (credits) 457 139 649 399
Pension termination charges 36 0 44 0
Gain on divestiture 0 0 0 (12)
Operating expenses 1,648 1,232 3,955 3,651
Operating income (loss) (299) 64 (56) 191
Other income (expense):        
Interest expense (58) (54) (225) (161)
Other, net (10) (7) (31) 15
Income (loss) before income taxes (367) 3 (312) 45
Income tax expense (benefit) (169) (40) (215) (135)
Net income (loss) $ (198) $ 43 $ (97) $ 180
Net income (loss) per common share — basic $ (0.15) $ 0.03 $ (0.07) $ 0.14
Net income (loss) per common share — assuming dilution $ (0.15) $ 0.03 $ (0.07) $ 0.13
Weighted-average shares outstanding        
Basic 1,344.0 1,325.5 1,339.7 1,323.5
Assuming dilution 1,344.0 1,347.6 1,339.7 1,347.3