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Segment, Geographic and Other Revenue Information (Detail) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jul. 01, 2018
Jun. 30, 2019
Jul. 01, 2018
Segment Reporting Information [Line Items]        
Revenues [1] $ 13,264 $ 13,466 $ 26,382 $ 26,373
Earnings [1],[2] 4,141 4,527 8,463 8,654
Operating Segments [Member]        
Segment Reporting Information [Line Items]        
Revenues 12,402 12,581 24,661 24,582
Earnings [2] 8,044 8,181 16,206 16,172
Segment Reconciling Items [Member]        
Segment Reporting Information [Line Items]        
Earnings [2] (1,193) (1,119) (2,306) (2,307)
Segment Reconciling Items [Member] | Purchase Accounting Adjustments [Member]        
Segment Reporting Information [Line Items]        
Earnings [2] (1,178) (1,134) (2,217) (2,355)
Segment Reconciling Items [Member] | Acquisition-Related Costs [Member]        
Segment Reporting Information [Line Items]        
Earnings [2] 176 (62) 148 (110)
Segment Reconciling Items [Member] | Certain Significant Items [Member]        
Segment Reporting Information [Line Items]        
Earnings [2],[3] (309) 237 (691) 154
Corporate [Member]        
Segment Reporting Information [Line Items]        
Revenues 862 886 1,721 1,791
Earnings [2] (1,399) (1,576) (2,676) (2,900)
Biopharma [Member]        
Segment Reporting Information [Line Items]        
Revenues [4] 9,595 9,434 18,779 18,315
Biopharma [Member] | Operating Segments [Member]        
Segment Reporting Information [Line Items]        
Revenues 9,595 9,434 18,779 18,315
Earnings [2] 6,093 5,958 11,981 11,781
Upjohn [Member] | Operating Segments [Member]        
Segment Reporting Information [Line Items]        
Revenues 2,807 3,147 5,882 6,267
Earnings [2] $ 1,951 $ 2,222 $ 4,225 $ 4,391
[1]
Amounts may not add due to rounding.
[2]
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.
[3]
Certain significant items are substantive and/or unusual, and in some cases recurring, items (such as restructuring or legal charges) that, either as a result of their nature or size, would not be expected to occur as part of our normal business on a regular basis.
For Earnings in the second quarter of 2019, certain significant items includes: (i) restructuring charges and implementation costs associated with our cost-reduction initiatives that are not associated with an acquisition of $113 million, (ii) charges for certain legal matters of $15 million, (iii) certain asset impairment charges of $10 million, (iv) charges for business and legal entity alignment of $141 million, (v) net gains recognized during the period on investments in equity securities of $25 million and (vi) other charges of $56 million. For additional information, see Note 3 and Note 4.
For Earnings in the second quarter of 2018, certain significant items includes: (i) restructuring credits and implementation costs associated with our cost-reduction initiatives that are not associated with an acquisition of $42 million, (ii) a net credit for certain legal matters of $88 million, (iii) certain asset impairment charges of $31 million, (iv) charges for business and legal entity alignment of $1 million, (v) net gains recognized during the period on investments in equity securities of $257 million and (vi) other charges of $35 million, which includes, among other things, a non-cash $50 million pre-tax gain in Other (income)/deductions––net as a result of the contribution of our allogeneic CAR T cell therapy development program assets in connection with our contribution agreement entered into with Allogene. For additional information, see Note 3 and Note 4.
For Earnings in the first six months of 2019, certain significant items includes: (i) restructuring charges and implementation costs associated with our cost-reduction initiatives that are not associated with an acquisition of $170 million, (ii) charges for certain legal matters of $9 million, (iii) certain asset impairment charges of $149 million, (iv) charges for business and legal entity alignment of $264 million, (v) net gains recognized during the period on investments in equity securities of $136 million, (vi) net losses on early retirement of debt of $138 million and (vii) other charges of $97 million. For additional information, see Note 3 and Note 4.
For Earnings in the first six months of 2018, certain significant items includes: (i) restructuring credits and implementation costs associated with our cost-reduction initiatives that are not associated with an acquisition of $93 million, (ii) net credits for certain legal matters of $107 million, (iii) certain asset impairment charges of $31 million, (iv) charges for business and legal entity alignment of $4 million, (v) net gains recognized during the period on investments in equity securities of $375 million, (vi) net losses on early retirement of debt of $3 million and (vii) other charges of $197 million, which includes, among other things, a non-cash $50 million pre-tax gain in Other (income)/deductions––net as a result of the contribution of our allogeneic CAR T cell therapy development program assets in connection with our contribution agreement entered into with Allogene, and a $119 million charge, in the aggregate, in Selling, informational and administrative expenses for a special, one-time bonus paid to virtually all Pfizer colleagues, excluding executives, which was one of several actions taken by us after evaluating the expected positive net impact of the December 2017 enactment of the TCJA. For additional information, see Note 3 and Note 4.
[4]
The Pfizer Biopharmaceuticals Group encompasses Internal Medicine, Oncology, Hospital, Vaccines, Inflammation & Immunology and Rare Disease. The new Hospital business unit commercializes our global portfolio of sterile injectable and anti-infective medicines, and also includes Pfizer CentreOne(f).