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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 29, 2019
Sep. 30, 2018
Sep. 29, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Revenues [1] $ 12,680 $ 13,298 $ 39,062 $ 39,670
Costs and expenses:        
Cost of sales [1],[2] 2,602 2,694 7,611 8,173
Selling, informational and administrative expenses [1],[2] 3,260 3,494 10,110 10,448
Research and development expenses [1],[2] 2,283 2,008 5,827 5,549
Amortization of intangible assets [1] 1,212 1,253 3,578 3,640
Restructuring charges and certain acquisition-related costs [1] 365 85 295 172
(Gain) on completion of Consumer Healthcare JV transaction [1] (8,087) 0 (8,087) 0
Other (income)/deductions––net [1] 319 (414) 537 (1,143)
Income from continuing operations before provision for taxes on income [1],[3] 10,727 4,177 19,190 12,831
Provision for taxes on income [1] 3,047 66 2,566 1,270
Income from continuing operations [1] 7,680 4,111 16,625 11,562
Discontinued operations––net of tax [1] 4 11 4 10
Net income before allocation to noncontrolling interests [1],[4],[5],[6] 7,684 4,122 16,628 11,571
Less: Net income attributable to noncontrolling interests [1] 4 8 19 25
Net income attributable to Pfizer Inc. [1] $ 7,680 $ 4,114 $ 16,609 $ 11,546
Earnings per common share––basic:        
Income from continuing operations attributable to Pfizer Inc. common shareholders (in dollars per share) [1] $ 1.38 $ 0.70 $ 2.98 $ 1.96
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] 1.38 0.70 2.98 1.96
Earnings per common share––diluted:        
Income from continuing operations attributable to Pfizer Inc. common shareholders (in dollars per share) [1] 1.36 0.69 2.92 1.92
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] $ 1.36 $ 0.69 $ 2.92 $ 1.92
Weighted-average shares––basic [1] 5,545 5,875 5,581 5,899
Weighted-average shares––diluted [1] 5,649 5,986 5,690 5,998
[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 for taxes on income. Biopharma’s earnings include dividend income of $43 million in the third quarter of 2019 and $91 million in the third quarter of 2018, and $184 million in the first nine months of 2019 and $226 million in the first nine 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.