XML 13 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Net sales $ 2,393 $ 2,222 $ 7,262 $ 6,640
Cost of products sold 672 637 2,084 1,919
Gross profit 1,720 1,585 5,179 4,721
Operating expenses:        
Selling, general and administrative expenses 870 800 2,616 2,408
Research and development expenses 289 254 825 734
Royalty expense 17 16 52 50
Amortization expense 148 139 437 424
Intangible asset impairment charges 0 3 35 3
Contingent consideration expense (benefit) (13) (4) (12) (78)
Restructuring charges (credits) 3 12 20 17
Litigation-related net charges (credits) 18 (12) 18 196
Operating expenses 1,333 1,208 3,992 3,754
Operating income (loss) 388 377 1,187 967
Other income (expense):        
Interest expense (58) (57) (177) (172)
Other, net 126 (11) 116 (89)
Income (loss) before income taxes 456 309 1,126 706
Income tax expense (benefit) 24 26 (159) (13)
Net income (loss) $ 432 $ 283 $ 1,285 $ 719
Net income (loss) per common share — basic $ 0.31 $ 0.21 $ 0.93 $ 0.53
Net income (loss) per common share — assuming dilution $ 0.31 $ 0.20 $ 0.92 $ 0.52
Weighted-average shares outstanding        
Basic 1,382.8 1,372.0 1,380.0 1,369.1
Assuming dilution 1,403.9 1,394.1 1,399.8 1,391.8