16. Unaudited Interim Financial Information


2013	1st Qtr		2nd Qtr			3rd Qtr		4th Qtr		Year
(dollars in millions except per share amounts)
Net sales	$	740.3	$	759.9		$	758.0	$	791.3	$	3,049.5
Cost of goods sold		295.3		296.6			291.9		310.6		1,194.4
Income (loss) from operations before income taxes		127.6		(135.9	)		119.0		1,102.7		1,213.4
Net income (loss)		90.7		(161.6	)		93.2		667.5		689.8
Basic earnings (loss) per share available to common shareholders^(A)		1.09		(2.03	)		1.17		8.45		8.54
Diluted earnings (loss) per share available to common shareholders^(A)		1.08		(2.03	)^(B)		1.15		8.28		8.39

^(A)	Total per share amounts may not add due to rounding.

^(B)	Common share equivalents primarily from share-based compensation plans were not included in the computation of diluted weighted average shares outstanding because their effect would have been antidilutive.

The first quarter 2013 included litigation charges of $25.8 million and asset impairments of $5.7 million. These items decreased net income by $29.3 million after tax, or $0.35 diluted earnings per share available to common shareholders.

The second quarter 2013 included litigation charges, net of $292.4 million, asset impairments of $3.2 million, and a reversal of $1.4 million of restructuring costs. These items decreased net income by $277.1 million after tax, or $3.35 diluted earnings per share available to common shareholders.

The third quarter 2013 included acquisition-related items of $33.7 million primarily consisting of an IPR&D charge related to the acquisition of early-stage technology of $29.5 million, divestiture-related charges of $9.7 million, and an impairment charge for an IPR&D project of $3.4 million. The income tax provision decreased $2.2 million due to remeasurement of an uncertain tax position. These items decreased net income by $29.1 million after tax, or $0.36 diluted earnings per share available to common shareholders.

The fourth quarter 2013 included Gore Proceeds of $894.3 million, a gain on the EP Sale of $213.0 million, and litigation charges, net, of $109.8 million. Also included were a contribution to the C. R. Bard Foundation, Inc. of $22.5 million, acquisition-related items of $14.0 million primarily consisting of integration costs of $11.2 million, and divestiture-related charges of $7.8 million. These items increased net income by $552.8 million after tax, or $6.86 diluted earnings per share available to common shareholders.


2012	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		Year
(dollars in millions except per share amounts)
Net sales	$	730.0	$	742.6	$	722.9	$	762.6	$	2,958.1
Cost of goods sold		279.4		285.7		272.6		287.6		1,125.3
Income from operations before income taxes		191.4		185.5		178.2		177.3		732.4
Net income		138.7		133.9		129.3		128.2		530.1
Basic earnings per share available to common shareholders		1.62		1.56		1.52		1.54		6.24
Diluted earnings per share available to common shareholders		1.60		1.54		1.50		1.52		6.16

The second quarter 2012 included asset impairments of $9.0 million and a reversal of $1.6 million of restructuring costs. The income tax provision increased $1.1 million due to a write-down of a tax receivable in a foreign jurisdiction. These items decreased net income by $5.8 million after tax, or $0.07 diluted earnings per share available to common shareholders.

The third quarter 2012 included asset impairments of $13.2 million and acquisition-related items of $4.5 million primarily consisting of an IPR&D charge and purchase accounting adjustments of $2.4 million. These items decreased net income by $12.1 million after tax, or $0.14 diluted earnings per share available to common shareholders.

The fourth quarter 2012 included a restructuring charge of $19.0 million and acquisition-related items of $3.1 million primarily consisting of an IPR&D charge and purchase accounting adjustments of $1.9 million. This item decreased net income by $15.7 million after tax, or $0.19 diluted earnings per share available to common shareholders.