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Other Income, Net (Schedule of Other Income) (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Other Income Disclosure, Nonoperating [Abstract]      
Cozaar/Hyzaar income $ 282 $ 483 $ 1,032
Royalty income 194 146 127
Interest income 110 93 91
Equity in earnings of affiliates, excluding exchange gains/losses 191 [1] 179 [1] 86 [1]
Net gains on sales of assets 90 127 63
Net exchange losses (163) [1] (13) [1] (205) [1]
Miscellaneous income and expenses, net 54 [2] 213 [2] 25 [2]
Total 758 1,228 1,219
Exchange gains (losses) related to earnings of affiliates $ 1 $ (2) $ 13
[1] The company routinely uses foreign currency exchange contracts to offset its net exposures, by currency, related to the foreign currency-denominated monetary assets and liabilities. The objective of this program is to maintain an approximately balanced position in foreign currencies in order to minimize, on an after-tax basis, the effects of exchange rate changes on net monetary asset positions. The net pre-tax exchange gains and losses are recorded in other income, net and the related tax impact is recorded in provision for income taxes on the Consolidated Income Statements. Exchange gains (losses) related to earnings of affiliates was $1, $(2) and $13 for 2011, 2010 and 2009, respectively.
[2] Miscellaneous income and expenses, net, generally includes interest items, insurance recoveries, litigation settlements and other items.