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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jul. 01, 2018
Jun. 30, 2019
Jul. 01, 2018
Statement of Comprehensive Income [Abstract]        
Net income before allocation to noncontrolling interests [1],[2],[3],[4] $ 5,056 $ 3,879 $ 8,945 $ 7,449
Foreign currency translation adjustments, net [4] (485) (699) (161) 59
Reclassification adjustments [4] 0 (35) 2 (20)
Other comprehensive income (loss), foreign currency transaction and translation adjustment, before tax [4] (485) (734) (159) 39
Unrealized holding gains/(losses) on derivative financial instruments, net [4] (176) 127 91 13
Reclassification adjustments for (gains)/losses included in net income [4],[5] (81) 310 (343) 354
Other comprehensive income (loss), derivatives qualifying as hedges, before tax, total [4] (256) 437 (252) 367
Unrealized holding gains/(losses) on available-for-sale securities, net [4] (7) (374) 33 (214)
Reclassification adjustments for (gains)/losses included in net income [4],[5] 26 143 37 (31)
Reclassification adjustments for unrealized gains included in Retained Earnings [4],[6] 0 0 0 (462)
Other comprehensive income (loss), available-for-sale securities, before tax, total [4] 19 (231) 70 (707)
Benefit plans: actuarial gains/(losses), net [4] (4) (57) (4) 106
Reclassification adjustments related to amortization [4] 60 61 121 123
Reclassification adjustments related to settlements, net [4] 2 30 2 67
Other [4] 41 107 18 21
Defined benefit plan, amounts recognized in other comprehensive income (loss), net gain (loss), before tax, total [4] 100 141 137 316
Benefit plans: prior service costs and other, net [4] (1) 0 (1) 0
Reclassification adjustments related to amortization of prior service costs and other, net [4] (46) (46) (93) (92)
Reclassification adjustments related to curtailments of prior service costs and other, net [4] 0 (7) 0 (13)
Other [4] 1 (1) 2 1
Defined benefit plan, amounts recognized in other comprehensive income (loss), net prior service cost, before tax [4] (46) (53) (92) (104)
Other comprehensive loss, before tax [4] (669) (440) (296) (88)
Tax provision/(benefit) on other comprehensive loss [4] (59) 173 (34) 605
Other comprehensive loss before allocation to noncontrolling interests [2],[4] (610) (613) (262) (693)
Comprehensive income before allocation to noncontrolling interests [4] 4,446 3,266 8,683 6,755
Less: Comprehensive income/(loss) attributable to noncontrolling interests [4] 12 (4) 13 6
Comprehensive income attributable to Pfizer Inc. [4] $ 4,434 $ 3,270 $ 8,669 $ 6,750
[1]
Amounts may not add due to rounding.
[2]
Amounts may not add due to rounding.
[3]
Amounts may not add due to rounding.
[4]
Amounts may not add due to rounding.
[5]
Reclassified into Other (income)/deductions—net and Cost of sales in the condensed consolidated statements of income. For additional information on amounts reclassified into Cost of sales, see Note 7E. Financial Instruments: Derivative Financial Instruments and Hedging Activities.
[6]
For additional information, see Notes to Consolidated Financial Statements—Note 1B. Basis of Presentation and Significant Accounting Policies: Adoption of New Accounting Standards in 2018 in our 2018 Financial Report.