CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)		Jun. 30, 2022 USD ($)
Operating Activities
Net income before allocation to noncontrolling interests	$ 1,221		$ 1,123
Adjustments to reconcile net income before noncontrolling interests to net cash provided by operating activities:
Depreciation and amortization expense	241	[1],[2]	231	[1],[2]
Share-based compensation expense	26		31
Asset write-offs and asset impairments	13		2
Gain on sale of business, excluding transaction costs	(118)		0
Provision for losses on inventory	47		31
Deferred taxes	(26)		(76)
Employee benefit plan contribution from Pfizer Inc.	0		1
Other non-cash adjustments	(6)		13
Other changes in assets and liabilities, net of acquisitions and divestitures:
Accounts receivable	(116)		(182)
Inventories	(424)		(312)
Other assets	(82)		(34)
Accounts payable	65		(6)
Other liabilities	(59)		(206)
Other tax accounts, net	(50)		29
Net cash provided by operating activities	732		645
Investing Activities
Capital expenditures	(389)		(261)
Acquisitions	(7)		(93)
Purchase of investments	(2)		(7)
Proceeds on derivative instrument activity, net	3		40
Net cash proceeds	93		0
Net proceeds from sale of assets	3		0
Payments for (Proceeds from) Other Investing Activities	3		0
Net cash used in investing activities	(296)		(321)
Financing Activities
Increase in short-term borrowings, net	0		2
Principal payments on long-term debt	(1,350)		0
Share-based compensation-related proceeds, net of taxes paid on withholding shares	8		(38)
Purchases of treasury stock	(607)		(812)
Cash dividends paid	(347)		(307)
Net cash used in financing activities	(2,296)		(1,155)
Effect of exchange-rate changes on cash and cash equivalents	(4)		(2)
Net decrease in cash and cash equivalents	(1,864)		(833)
Cash and cash equivalents at beginning of period	3,581		3,485
Cash and cash equivalents at end of period	1,717		2,652
Cash paid during the period for:
Income taxes	458		316
Interest, net of capitalized interest	158		121
Amounts included in the measurement of lease liabilities	28		25
Non-cash transactions:
Capital expenditures	3		5
Excise tax accrued on net share repurchases, not paid	5		0
Lease obligations obtained in exchange for right-of-use assets	33		$ 41
Dividends declared, not paid	$ 173

[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.