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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Net sales $ 8,386 $ 7,477 $ 7,380
Cost of products sold 2,424 2,173 2,210
Gross profit 5,962 5,304 5,170
Operating expenses:      
Selling, general and administrative expenses 3,099 2,873 2,902
Research and development expenses 920 876 817
Royalty expense 79 70 111
Amortization expense 545 495 438
Intangible asset impairment charges 11 19 195
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability 29 123 (85)
Restructuring charges 28 26 69
Litigation-related charges 804 1,105 1,036
Pension termination charges 0 44 0
Gain on divestiture 0 0 (12)
Operating expenses 5,515 5,631 5,471
Operating income (loss) 447 (327) (301)
Other income (expense):      
Interest expense (233) (284) (216)
Other, net (37) (39) 8
Income (loss) before income taxes 177 (650) (509)
Income tax (benefit) expense (170) (411) (390)
Net income (loss) $ 347 $ (239) $ (119)
Net income (loss) per common share — basic $ 0.26 $ (0.18) $ (0.09)
Net income (loss) per common share — assuming dilution $ 0.25 $ (0.18) $ (0.09)
Weighted-average shares outstanding      
Basic 1,357.6 1,341.2 1,324.3
Assuming dilution 1,377.2 1,341.2 1,324.3