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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Jun. 28, 2015
Jun. 29, 2014
Statement of Comprehensive Income [Abstract]        
Net income before allocation to noncontrolling interests [1] $ 2,635 $ 2,921 $ 5,017 $ 5,259
Other Comprehensive Income/(Loss)        
Foreign currency translation adjustments, net [2] (327) 233 (1,635) 158
Reclassification adjustments [2],[3] 0 0 0 (62)
Other comprehensive income (loss), foreign currency transaction and translation adjustment, before tax [2] (327) 233 (1,635) 96
Unrealized holding gains/(losses) on derivative financial instruments, net [2] 452 1 137 (57)
Reclassification adjustments for realized (gains)/losses [2],[4] (743) 74 (510) 86
Other comprehensive income (loss), derivatives qualifying as hedges, before tax, total [2] (291) 75 (373) 29
Unrealized holding gains/(losses) on available-for-sale securities, net [2] (200) (15) (527) 93
Reclassification adjustments for realized (gains)/losses [2],[4] 498 (79) 745 (178)
Other comprehensive income (loss), available-for-sale securities adjustment, before tax, total [2] 299 (94) 218 (85)
Benefit plans: actuarial gains/(losses), net [2] (9) (11) 22 (5)
Reclassification adjustments related to amortization [2],[5] 134 49 269 98
Reclassification adjustments related to settlements, net [2],[5] 22 18 62 39
Other [2] (29) (9) 130 (26)
Defined benefit plan, amounts recognized in other comprehensive income (loss), net gain (loss), before tax, total [2] 118 47 483 106
Benefit plans: prior service credits and other, net [2] 507 0 506 0
Reclassification adjustments related to amortization [2],[5] (34) (18) (69) (36)
Reclassification adjustments related to curtailments, net [2],[5] (7) 15 (17) 11
Other [2] (2) 0 (2) (1)
Defined benefit plan, amounts recognized in other comprehensive income (loss), net prior service cost, before tax [2] 464 (3) 418 (26)
Other comprehensive income/(loss), before tax [2] 263 258 (890) 120
Tax provision/(benefit) on other comprehensive income/(loss) [2],[6] 228 5 332 (12)
Other comprehensive income/(loss) before allocation to noncontrolling interests [2] 35 253 (1,222) 132
Comprehensive income before allocation to noncontrolling interests [2] 2,670 3,174 3,795 5,391
Less: Comprehensive income/(loss) attributable to noncontrolling interests [2] 8 24 (3) 31
Comprehensive income attributable to Pfizer Inc. [2] $ 2,663 $ 3,150 $ 3,797 $ 5,360
[1] Amounts may not add due to rounding.
[2] Amounts may not add due to rounding.
[3] Reclassified into Discontinued operations—net of tax in the condensed consolidated statements of income.
[4] Reclassified into Other (income)/deductions—net in the condensed consolidated statements of income.
[5] Generally reclassified, as part of net periodic pension cost, into Cost of sales, Selling, informational and administrative expenses, and/or Research and development expenses, as appropriate, in the condensed consolidated statements of income. For additional information, see Note 10. Pension and Postretirement Benefit Plans.
[6] See Note 5C. Tax Matters: Tax Provision/(Benefit) on Other Comprehensive Income/(Loss).