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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jul. 01, 2018
Jun. 30, 2019
Jul. 01, 2018
Income Statement [Abstract]        
Revenues [1] $ 13,264 $ 13,466 $ 26,382 $ 26,373
Costs and expenses:        
Cost of sales [1],[2] 2,576 2,916 5,009 5,479
Selling, informational and administrative expenses [1],[2] 3,511 3,542 6,850 6,954
Research and development expenses [1],[2] 1,842 1,797 3,544 3,540
Amortization of intangible assets [1] 1,184 1,191 2,367 2,387
Restructuring charges and certain acquisition-related costs [1] (115) 44 (69) 87
Other (income)/deductions––net [1] 126 (551) 218 (728)
Income from continuing operations before provision/(benefit) for taxes on income [1],[3] 4,141 4,527 8,463 8,654
Provision/(benefit) for taxes on income [1] (915) 648 (481) 1,204
Income from continuing operations [1] 5,056 3,879 8,945 7,450
Discontinued operations––net of tax [1] 0 0 0 (1)
Net income before allocation to noncontrolling interests [1],[4],[5],[6] 5,056 3,879 8,945 7,449
Less: Net income attributable to noncontrolling interests [1] 10 7 15 16
Net income attributable to Pfizer Inc. [1] $ 5,046 $ 3,872 $ 8,929 $ 7,432
Earnings per common share––basic:        
Income from continuing operations attributable to Pfizer Inc. common shareholders (in dollars per share) [1] $ 0.91 $ 0.66 $ 1.59 $ 1.26
Discontinued operations––net of tax (in dollars per share) [1] 0 0 0 0
Net income attributable to Pfizer Inc. common shareholders (in dollars per share) [1] 0.91 0.66 1.59 1.26
Earnings per common share––diluted:        
Income from continuing operations attributable to Pfizer Inc. common shareholders (in dollars per share) [1] 0.89 0.65 1.56 1.24
Discontinued operations––net of tax (in dollars per share) [1] 0 0 0 0
Net income attributable to Pfizer Inc. common shareholders (in dollars per share) [1] $ 0.89 $ 0.65 $ 1.56 $ 1.24
Weighted-average shares––basic [1] 5,562 5,866 5,598 5,911
Weighted-average shares––diluted [1] 5,672 5,952 5,711 6,004
[1]
Amounts may not add due to rounding.
[2]
Excludes amortization of intangible assets, except as disclosed in Note 9A. Identifiable Intangible Assets and Goodwill: Identifiable Intangible Assets.
[3]
Income from continuing operations before provision/(benefit) for taxes on income. Biopharma’s earnings include dividend income of $76 million in the second quarter of 2019 and $76 million in the second quarter of 2018, and $140 million in the first six months of 2019 and $135 million in the first six months of 2018 from our investment in ViiV. For additional information, see Note 4.
[4]
Amounts may not add due to rounding.
[5]
Amounts may not add due to rounding.
[6]
Amounts may not add due to rounding.