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DEFERRED INCOME

6 Months Ended

Jun. 30, 2013

Deferred Revenue Disclosure [Abstract]

Deferred Revenue Disclosure [Text Block]

DEFERRED INCOME

Deferred income includes:



Dollars in Millions	June 30, 2013		December 31, 2012
Upfront, milestone and other licensing payments	$	4,666	$	4,346
Atripla* deferred revenue	364		339
Gain on sale-leaseback transactions	85		99
Other	17		65
Total deferred income	$	5,132	$	4,849

Current portion	$	986	$	825
Non-current portion	4,146		4,024

For further information pertaining to upfront, milestone and other licensing payments, see “—Note 3. Alliances and Collaborations.”

Amortization of deferred income was $248 million and $91 million for the six months ended June 30, 2013 and 2012, respectively.

- Definition

The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

+ References+ Details