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Segment Information (Tables)
6 Months Ended
Jun. 30, 2013
Segment Information  
Schedule of segment and geographic area information

 

 

 

Net Sales to External Customers

 

Operating Earnings

 

 

 

Three Months

 

Six Months

 

Three Months

 

Six Months

 

 

 

Ended June 30

 

Ended June 30

 

Ended June 30

 

Ended June 30

 

(dollars in millions)

 

2013

 

2012

 

2013

 

2012

 

2013

 

2012

 

2013

 

2012

 

Established Pharmaceutical Products

 

$

1,218

 

$

1,246

 

$

2,450

 

$

2,503

 

$

258

 

$

269

 

$

543

 

$

562

 

Nutritional Products

 

1,704

 

1,580

 

3,404

 

3,142

 

313

 

214

 

655

 

474

 

Diagnostic Products

 

1,135

 

1,078

 

2,223

 

2,120

 

242

 

233

 

503

 

427

 

Vascular Products

 

751

 

766

 

1,492

 

1,569

 

221

 

249

 

408

 

516

 

Total Reportable Segments

 

4,808

 

4,670

 

9,569

 

9,334

 

1,034

 

965

 

2,109

 

1,979

 

Other

 

638

 

643

 

1,255

 

1,263

 

 

 

 

 

 

 

 

 

Net Sales

 

$

5,446

 

$

5,313

 

$

10,824

 

$

10,597

 

 

 

 

 

 

 

 

 

Corporate functions and benefit plans costs

 

 

 

 

 

 

 

 

 

(127

)

(184

)

(247

)

(343

)

Non-reportable segments

 

 

 

 

 

 

 

 

 

99

 

105

 

187

 

186

 

Net interest expense

 

 

 

 

 

 

 

 

 

(24

)

(64

)

(49

)

(130

)

Share-based compensation (a)

 

 

 

 

 

 

 

 

 

(52

)

(57

)

(177

)

(185

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

(197

)

(195

)

(396

)

(404

)

Other, net (b)

 

 

 

 

 

 

 

 

 

(132

)

(40

)

(272

)

(110

)

Consolidated Earnings from Continuing Operations Before Taxes

 

 

 

 

 

 

 

 

 

$

601

 

$

530

 

$

1,155

 

$

993

 

 

(a)         Approximately 40 to 45 percent of the annual net cost of share-based awards will typically be recognized in the first quarter due to the timing of the granting of share-based awards.

(b)         Other, net includes the Net foreign exchange loss (gain) in the Condensed Consolidated Statement of Earnings, expenses associated with restructuring programs and other costs.  For the six months ended June 30, 2012, it also includes income from the resolution of a contractual agreement.