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Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net Sales $ 5,556 $ 5,731 $ 8,952 $ 9,525
Cost of Goods Sold 3,047 3,687 5,258 6,439
Research and Development Expense 269 354 568 685
Selling, General and Administrative Expenses 937 965 1,672 1,714
Amortization of Intangible Assets 113 107 214 196
Restructuring and Asset Related Charges - Net 60 101 121 231
Integration and Separation Costs 330 249 542 444
Other income - net 0 128 31 111
Loss on early extinguishment of debt 13 0 13 0
Interest Expense 34 88 93 169
Income (loss) from continuing operations before income taxes 753 308 502 (242)
Provision for (benefit from) income taxes on continuing operations 270 (67) 203 (179)
Income (loss) from continuing operations after income taxes 483 375 299 (63)
(Loss) income from discontinued operations after income taxes (1,077) 323 (717) 674
Net (loss) income (594) 698 (418) 611
Net income attributable to noncontrolling interests 14 4 26 24
Net (loss) income attributable to company $ (608) $ 694 $ (444) $ 587
Basic earnings (loss) per share of common stock from continuing operations $ 0.63 $ 0.49 $ 0.37 $ (0.11)
Basic (loss) earnings per share of common stock from discontinued operations (1.44) 0.43 (0.96) 0.89
Basic (loss) earnings per share of common stock (0.81) 0.92 [1] (0.59) 0.78 [1]
Diluted earnings (loss) per share of common stock from continuing operations 0.63 0.49 0.37 (0.11)
Diluted (loss) earnings per share of common stock from discontinued operations (1.44) 0.43 (0.96) 0.89
Diluted (loss) earnings per share of common stock $ (0.81) $ 0.92 [1] $ (0.59) $ 0.78 [1]
EID [Member]        
Net Sales $ 5,556 $ 5,731 $ 8,952 $ 9,525
Cost of Goods Sold 3,047 3,687 5,258 6,439
Research and Development Expense 269 354 568 685
Selling, General and Administrative Expenses 937 965 1,672 1,714
Amortization of Intangible Assets 113 107 214 196
Restructuring and Asset Related Charges - Net 60 101 121 231
Integration and Separation Costs 330 249 542 444
Other income - net 0 128 31 111
Loss on early extinguishment of debt 13 0 13 0
Interest Expense 64 88 123 169
Income (loss) from continuing operations before income taxes 723 308 472 (242)
Provision for (benefit from) income taxes on continuing operations 263 (67) 196 (179)
Income (loss) from continuing operations after income taxes 460 375 276 (63)
(Loss) income from discontinued operations after income taxes (1,077) 323 (717) 674
Net (loss) income (617) 698 (441) 611
Net income attributable to noncontrolling interests 9 1 19 19
Net (loss) income attributable to company $ (626) $ 697 $ (460) $ 592
[1] Refer to Note 11 - Earnings Per Share of Common Stock, for information regarding the calculation of basic and diluted earnings per share.