XML 119 R52.htm IDEA: XBRL DOCUMENT v3.8.0.1
Acquisitions, Sale of Hospira Infusion Systems Net Assets, Research and Development and Collaborative Arrangements, Equity-Method Investments and Cost-Method Investment - Hospira Acquisition (Details) - USD ($)
$ / shares in Units, $ in Millions
12 Months Ended
Sep. 03, 2015
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Business Acquisition [Line Items]          
Cash payments for acquisition, net of cash acquired [1]   $ 1,000 $ 18,368 $ 16,466  
Amounts Recognized as of Acquisition Date          
Goodwill   55,952 [2] 54,449 [2] 48,242  
Uncertain tax positions   6,558 [3] 5,826 [3] 5,919 [3] $ 6,182
Tax impact from tax matters to be resolved in a different manner following acquisition   424 [4] 503    
Business Acquisition, Pro Forma Information [Abstract]          
Net income (loss) [5]   $ 21,308 $ 7,215 6,960  
Hospira [Member]          
Business Acquisition [Line Items]          
Business acquisition, per share in cash (in dollars per share) $ 90        
Payments to acquire businesses, cash portion $ 16,100        
Cash payments for acquisition, net of cash acquired 15,700        
Amounts Recognized as of Acquisition Date          
Working capital, excluding inventories [6] 342        
Inventories 1,901        
PP&E 2,352        
Other noncurrent assets 362        
Long-term debt (1,928)        
Benefit obligations (117)        
Net income tax accounts [7] (3,380)        
Other noncurrent liabilities (61)        
Total identifiable net assets 8,791        
Goodwill 7,295        
Net assets acquired/total consideration transferred 16,087        
Current tax assets 57        
Noncurrent tax assets 58        
Income taxes payable 5        
Noncurrent deferred tax liabilities 3,400        
Other taxes payable 101        
Accrued interest 5        
Acquired receivables, gross contractual amount 565        
Acquired receivables, not expected to be collected 12        
Uncertain tax positions 109        
Additional tax liability adjustments 3,200        
Tax impact from tax matters to be resolved in a different manner following acquisition 719        
Business Acquisition, Pro Forma Information [Abstract]          
Revenues       1,513  
Net loss attributable to Pfizer Inc. common shareholders [8]       (575)  
Revenues       52,082  
Net income attributable to Pfizer Inc. common shareholders       $ 7,669  
Diluted EPS attributable to Pfizer Inc. common shareholders (in dollars per share)       $ 1.23  
Additional amortization expense       $ 342  
Additional depreciation expense       52  
Adjustment to interest expense       (18)  
Hospira [Member] | Developed Technology Rights and Other Intangible Assets [Member]          
Amounts Recognized as of Acquisition Date          
Identifiable intangible assets [9] $ 8,290        
Hospira [Member] | Developed Technology Rights [Member]          
Amounts Recognized as of Acquisition Date          
Acquired intangible assets, useful life 17 years        
Acquired intangible assets $ 7,700        
Hospira [Member] | Other Intangible Assets [Member]          
Amounts Recognized as of Acquisition Date          
Acquired intangible assets, useful life 12 years        
Acquired intangible assets $ 570        
Fair Value Adjustment to Inventory [Member] | Hospira [Member]          
Business Acquisition, Pro Forma Information [Abstract]          
Net income (loss)       378  
Amortization Expense Adjustment to Intangible Assets [Member] | Hospira [Member]          
Business Acquisition, Pro Forma Information [Abstract]          
Net income (loss)       161  
Depreciation Expense Adjustment to Fixed Assets [Member] | Hospira [Member]          
Business Acquisition, Pro Forma Information [Abstract]          
Net income (loss)       34  
Amortization Expense Adjustment to Long-term Debt [Member] | Hospira [Member]          
Business Acquisition, Pro Forma Information [Abstract]          
Net income (loss)       (13)  
Restructuring and Integration Costs [Member] | Hospira [Member]          
Business Acquisition, Pro Forma Information [Abstract]          
Net income (loss)       (556)  
Eliminations [Member] | Hospira [Member]          
Business Acquisition, Pro Forma Information [Abstract]          
Elimination of intangible asset amortization expense       33  
Eliminations [Member] | Fair Value Adjustment to Inventory [Member] | Hospira [Member]          
Business Acquisition, Pro Forma Information [Abstract]          
Net income (loss)       364  
Eliminations [Member] | Acquisition-related Costs [Member] | Hospira [Member]          
Business Acquisition, Pro Forma Information [Abstract]          
Net income (loss)       $ 877  
In Process Research and Development [Member] | Hospira [Member]          
Amounts Recognized as of Acquisition Date          
Indefinite-lived intangible assets $ 1,030        
[1] Amounts may not add due to rounding.
[2] Amounts may not add due to rounding.
[3] In 2017, included in Income taxes payable ($1 million), Noncurrent deferred tax assets and other noncurrent tax assets ($123 million), Noncurrent deferred tax liabilities ($3.3 billion) and Other taxes payable ($3.2 billion). In 2016, included in Income taxes payable ($14 million), Current tax assets ($17 million), Noncurrent deferred tax assets and other noncurrent tax assets ($184 million), Noncurrent deferred tax liabilities ($2.8 billion) and Other taxes payable ($2.8 billion).
[4] 2017 reflects the estimated remeasurement of U.S. deferred tax assets and liabilities as the result of the enactment of the TCJA. For additional information, see Note 5A.
[5] Amounts may not add due to rounding.
[6] ncludes cash and cash equivalents, short-term investments, accounts receivable, other current assets, assets held for sale, accounts payable and other current liabilities.
[7] Final amounts recognized as of the acquisition date, included in Current tax assets ($57 million), Noncurrent deferred tax assets and other noncurrent tax assets ($58 million), Income taxes payable ($5 million), Noncurrent deferred tax liabilities ($3.4 billion) and Other taxes payable ($101 million, including accrued interest of $5 million).
[8] Includes purchase accounting charges related to the provisional estimated fair values recognized as of the acquisition date for (i) the fair value adjustment for acquisition-date inventory that has been sold ($378 million pre-tax); (ii) amortization expense related to the fair value of identifiable intangible assets acquired from Hospira ($161 million pre-tax); (iii) depreciation expense related to the fair value adjustment of fixed assets acquired from Hospira ($34 million pre-tax ); and (iv) amortization expense related to the fair value adjustment of long-term debt acquired from Hospira ($13 million income pre-tax), as well as restructuring and integration costs ($556 million pre-tax).
[9] Comprised of finite-lived developed technology rights with a weighted-average life of approximately 17 years ($7.7 billion) and other finite-lived identifiable intangible assets with a weighted-average life of approximately 12 years ($570 million).