CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Operating Activities
Net income before allocation to noncontrolling interests	$ 558	$ 423
Adjustments to reconcile net income before noncontrolling interests to net cash provided by operating activities:
Depreciation and amortization expense	109	110	[1],[2]
Share-based compensation expense	13	16
Asset write-offs and asset impairments	1	0
Net gain on sale of assets	0	17
Provision for losses on inventory	11	13
Deferred taxes	(13)	(9)
Employee benefit plan contribution from Pfizer Inc.	1	1
Other non-cash adjustments	4	0
Other changes in assets and liabilities, net of acquisitions and divestitures:
Accounts receivable	(108)	109
Inventories	(84)	(97)
Other assets	24	(65)
Accounts payable	(112)	(35)
Other liabilities	(72)	(128)
Other tax accounts, net	68	87
Net cash provided by operating activities	400	408
Investing Activities
Capital expenditures	(77)	(94)
Other acquisitions	(3)	(6)
Settlement on swaps designated as net investment hedges	17	24
Net proceeds from sale of assets	0	20
Other investing activities	0	(1)
Net cash used in investing activities	(63)	(57)
Financing Activities
Share-based compensation-related proceeds, net of taxes paid on withholding shares	(39)	17
Purchases of treasury stock	(181)	(250)
Cash dividends paid	(119)	(95)
Net cash used in financing activities	(339)	(328)
Effect of exchange-rate changes on cash and cash equivalents	0	(6)
Net (decrease)/increase in cash and cash equivalents	(2)	17
Cash and cash equivalents at beginning of period	3,604	1,934
Cash and cash equivalents at end of period	3,602	1,951
Cash paid during the period for:
Income taxes	32	22
Interest, net of capitalized interest	94	95
Amounts included in the measurement of lease liabilities	11	11
Non-cash transactions:
Capital expenditures	3	2
Lease obligations obtained in exchange for right-of-use assets	7	$ 4
Dividends declared, not paid	$ 119

[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.