XML 47 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 29, 2014
Jun. 30, 2013
Jun. 29, 2014
Jun. 30, 2013
Income Statement [Abstract]        
Revenues $ 12,773 $ 12,973 $ 24,126 $ 25,383
Costs and expenses:        
Cost of sales(a) 2,462 [1] 2,242 [1] 4,507 [1] 4,505 [1]
Selling, informational and administrative expenses(a) 3,520 [1] 3,591 [1] 6,560 [1] 6,808 [1]
Research and development expenses(a) 1,759 [1] 1,530 [1] 3,382 [1] 3,240 [1]
Amortization of intangible assets 1,001 1,140 2,118 2,359
Restructuring charges and certain acquisition-related costs 81 183 139 314
Other (income)/deductions––net (53) (1,070) 570 (925)
Income from continuing operations before provision for taxes on income 4,003 [2] 5,357 [2] 6,850 [2] 9,082 [2]
Provision for taxes on income 1,082 1,782 1,664 2,891
Income from continuing operations 2,921 3,575 5,186 6,191
Discontinued operations:        
Income from discontinued operations––net of tax (2) 141 3 290
Gain on disposal of discontinued operations––net of tax 2 [3] 10,418 [3] 70 [3] 10,418 [3]
Discontinued operations––net of tax 0 10,559 73 10,708
Net income before allocation to noncontrolling interests 2,921 14,134 5,259 16,899
Less: Net income attributable to noncontrolling interests 9 39 18 54
Net income attributable to Pfizer Inc. $ 2,912 $ 14,095 $ 5,241 $ 16,845
Earnings per common share––basic(b):        
Income from continuing operations attributable to Pfizer Inc. common shareholders $ 0.46 [4] $ 0.51 [4] $ 0.81 [4] $ 0.87 [4]
Discontinued operations––net of tax $ 0.00 [4] $ 1.50 [4] $ 0.01 [4] $ 1.50 [4]
Net income attributable to Pfizer Inc. common shareholders $ 0.46 [4] $ 2.00 [4] $ 0.82 [4] $ 2.37 [4]
Earnings per common share––diluted(b):        
Income from continuing operations attributable to Pfizer Inc. common shareholders $ 0.45 [4] $ 0.50 [4] $ 0.80 [4] $ 0.86 [4]
Discontinued operations––net of tax $ 0.00 [4] $ 1.48 [4] $ 0.01 [4] $ 1.49 [4]
Net income attributable to Pfizer Inc. common shareholders $ 0.45 [4] $ 1.98 [4] $ 0.81 [4] $ 2.34 [4]
Weighted-average shares––basic 6,368 7,042 6,379 7,115
Weighted-average shares––diluted 6,444 7,117 6,460 7,185
Cash dividends paid per common share $ 0.26 $ 0.24 $ 0.52 $ 0.48
[1] Excludes amortization of intangible assets, except as disclosed in Note 9B. Goodwill and Other Intangible Assets: Other Intangible Assets.
[2] Income from continuing operations before provision for taxes on income.
[3] For the three and six months ended June 29, 2014, represents post-close adjustments.
[4] EPS amounts may not add due to rounding.