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Potential Spinoff of Health Care Business (Spinoff [Member])
3 Months Ended
Mar. 31, 2014
Spinoff [Member]
 
Restructuring Cost and Reserve  
Restructuring and Related Activities Disclosure
Potential Spin-Off of Health Care Business
In November 2013, we announced that our Board of Directors authorized management to pursue a potential tax-free spin-off of our health care business. A spin-off would create a stand-alone, publicly traded health care company with approximately $1.6 billion in annual net sales, focused on the sale of surgical and infection prevention products for the operating room and other medical supplies, and medical devices focused on pain management, respiratory and digestive health.
We continue to analyze the potential spin-off and expect to seek approval from the Board of Directors to file a Form 10 registration statement with the SEC in early May. We expect that the spin-off will be completed at the end of the third quarter or potentially in the fourth quarter of 2014, assuming Board approval and subject to market, regulatory and other conditions. However, there are no assurances as to when the potential spin-off will be completed, if at all, or if the spin-off will be completed based on the expected plans. During the three months ended March 31, 2014, $7 was recorded in marketing, research and general expenses for transaction and related costs associated with the potential spin-off.