SEPARATION OF BAXALTA INCORPORATED (Tables)

12 Months Ended

Dec. 31, 2016

Discontinued Operations And Disposal Groups [Abstract]

Summary of Discontinued Operations

The following table is a summary of the operating results of Baxalta, which have been reflected as discontinued operations for the years ended December 31, 2016, 2015 and 2014.

Years ended December 31 (in millions)	2016			2015			2014
Major classes of line items constituting income from discontinued operations before income taxes
Net sales	$	148		$	2,895		$	6,523
Cost of sales		(139	)		(1,214	)		(2,475	)
Marketing and administrative expenses		(20	)		(547	)		(769	)
Research and development expenses		—			(389	)		(822	)
Other income and expense items that are not major		1			7			105
Total (loss) income from discontinued operations before income taxes		(10	)		752			2,562
Gain on disposal of discontinued operations		19			—			—
Income tax expense		10			177			522
Total (loss) income from discontinued operations	$	(1	)	$	575		$	2,040

The assets and liabilities of Baxalta have been classified as held for disposition as of December 31, 2016 and 2015. These amounts consist of the following carrying amounts in each major class.

As of December 31 (in millions)	2016		2015
Carrying amounts of major classes of assets included as part of discontinued operations
Accounts and other current receivables, net	$	48	$	228
Inventories		—		8
Property, plant, and equipment, net		1		2
Other		1		7
Total assets of the disposal group	$	50	$	245
Carrying amounts of major classes of liabilities included as part of discontinued operations
Accounts payable and accrued liabilities	$	3	$	46
Total liabilities of the disposal group	$	3	$	46