CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating Activities
Net income	$ 423	$ 312
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	110	98	[1],[2]
Share-based compensation expense	16	18
Asset write-offs and asset impairments	0	1
Net gain on sale of assets	17	0
Provision for losses on inventory	13	14
Deferred taxes	(9)	(16)
Employee benefit plan contribution from Pfizer Inc.	1	1
Other changes in assets and liabilities, net of acquisitions and divestitures:
Accounts receivable	109	75
Inventories	(97)	17
Other assets	(65)	24
Accounts payable	(35)	(79)
Other liabilities	(128)	(103)
Other tax accounts, net	87	27
Net cash provided by operating activities	408	389
Investing Activities
Capital expenditures	(94)	(63)
Other acquisitions	(6)	0
Proceeds from maturities and redemptions of investments	0	36
Net proceeds on swaps designated as net investment hedges	24	0
Net proceeds from sale of assets	20	0
Other investing activities	(1)	4
Net cash used in investing activities	(57)	(23)
Financing Activities
Decrease in short-term borrowings, net	0	(9)
Payment of contingent consideration related to previously acquired assets	0	(8)
Share-based compensation-related proceeds, net of taxes paid on withholding shares	17	3
Purchases of treasury stock	(250)	(150)
Cash dividends paid	(95)	(79)
Net cash used in financing activities	(328)	(243)
Effect of exchange-rate changes on cash and cash equivalents	(6)	3
Net increase in cash and cash equivalents	17	126
Cash and cash equivalents at beginning of period	1,934	1,602
Cash and cash equivalents at end of period	1,951	1,728
Cash paid during the period for:
Income taxes	22	29
Interest, net of capitalized interest	95	96
Non-cash transactions:
Capital expenditures	2	$ 5
Dividends Payable	$ 95

[1] Certain production facilities are shared. Depreciation and amortization is allocated to the reportable operating segments based on estimates of where the benefits of the related assets are realized.

[2] Defined as income before provision for taxes on income.