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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Assets    
Cash and cash equivalents [1],[2] $ 3,641 $ 3,343
Short-term investments [1] 19,649 32,779
Trade accounts receivable, less allowance for doubtful accounts: 2015—$384; 2014—$412 [1] 8,176 8,401
Inventories [1],[3] 7,513 5,663
Current tax assets [1] 2,662 2,566
Other current assets [1] 2,163 2,843
Total current assets [1] 43,804 55,595
Long-term investments [1] 15,999 17,518
Property, plant and equipment, less accumulated depreciation [1],[4],[5] 13,766 11,762
Identifiable intangible assets, less accumulated amortization [1],[6] 40,356 35,166
Goodwill [1] 48,242 42,069
Noncurrent deferred tax assets and other noncurrent tax assets [1] 1,794 1,944
Other noncurrent assets [1] 3,499 3,513
Total assets [1] 167,460 167,566
Liabilities and Equity    
Short-term borrowings, including current portion of long-term debt: 2015—$3,720; 2014—$3,011 [1] 10,160 5,141
Trade accounts payable [1] 3,620 3,210
Dividends payable [1] 1,852 1,711
Income taxes payable [1] 418 531
Accrued compensation and related items [1] 2,359 1,841
Other current liabilities [1] 10,990 9,153
Total current liabilities [1] 29,399 21,587
Long-term debt [1] 28,818 31,541
Pension benefit obligations, net [1] 6,310 7,885
Postretirement benefit obligations, net [1] 1,809 2,379
Noncurrent deferred tax liabilities [1] 26,877 23,317
Other taxes payable [1] 3,992 4,353
Other noncurrent liabilities [1] 5,257 4,883
Total liabilities [1] $ 102,463 $ 95,944
Commitments and Contingencies [1]
Preferred stock, no par value, at stated value; 27 shares authorized; issued: 2015—649; 2014—717 [1] $ 26 $ 29
Common stock, $0.05 par value; 12,000 shares authorized; issued: 2015—9,178; 2014—9,110 [1] 459 455
Additional paid-in capital [1] 81,016 78,977
Treasury stock, shares at cost: 2015—3,003; 2014—2,819 [1] (79,252) (73,021)
Retained earnings [1] 71,993 72,176
Accumulated other comprehensive loss [1] (9,522) (7,316)
Total Pfizer Inc. shareholders’ equity [1] 64,720 71,301
Equity attributable to noncontrolling interests [1] 278 321
Total equity [1],[7] 64,998 71,622
Total liabilities and equity [1] $ 167,460 $ 167,566
[1] Amounts may not add due to rounding.
[2] Amounts may not add due to rounding.
[3] Increase primarily due to the acquisition of Hospira inventories, which were recorded at fair value. For additional information, see Note 2A.
[4] Reflects legacy Hospira amounts in 2015 commencing on the Hospira acquisition date, September 3, 2015.
[5] The increase in total property, plant and equipment is primarily due to the acquisition of Hospira (see Note 2A) and capital additions, partially offset by depreciation and, to a much lesser extent, impairments, disposals and the impact of foreign exchange.
[6] The increase in Identifiable intangible assets, less accumulated amortization, is primarily due to assets acquired as part of the acquisition of Hospira and Baxter’s portfolio of marketed vaccines, partially offset by amortization, impairments and the impact of foreign exchange. For information about the assets acquired as part of the acquisition of Hospira and Baxter’s portfolio of marketed vaccines, see Note 2A. For information about impairments of intangible assets, see Note 4.
[7] Amounts may not add due to rounding.