XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net sales $ 2,105 $ 1,888 $ 6,195 $ 5,499
Cost of products sold 594 539 1,805 1,600
Gross profit 1,511 1,349 4,390 3,899
Operating expenses:        
Selling, general and administrative expenses 772 729 2,268 2,095
Research and development expenses 232 221 664 632
Royalty expense 20 17 59 53
Amortization expense 136 131 408 361
Intangible asset impairment charges 7 10 7 19
Contingent consideration expense (benefit) (13) 40 23 86
Restructuring charges 5 7 22 16
Litigation-related charges (credits) 4 457 632 649
Pension termination charges 0 36 0 44
Operating expenses 1,163 1,648 4,083 3,955
Operating income (loss) 348 (299) 307 (56)
Other income (expense):        
Interest expense (58) (58) (175) (225)
Other, net (33) (10) (44) (31)
Income (loss) before income taxes 257 (367) 88 (312)
Income tax expense (benefit) 29 (169) (135) (215)
Net income (loss) $ 228 $ (198) $ 223 $ (97)
Net income (loss) per common share — basic $ 0.17 $ (0.15) $ 0.16 $ (0.07)
Net income (loss) per common share — assuming dilution $ 0.17 $ (0.15) $ 0.16 $ (0.07)
Weighted-average shares outstanding        
Basic 1,360.6 1,344.0 1,356.1 1,339.7
Assuming dilution 1,379.7 1,344.0 1,374.9 1,339.7