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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 28, 2020
Jun. 30, 2019
Jun. 28, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenues [1] $ 11,801 $ 13,264 $ 23,829 $ 26,382
Costs and expenses:        
Cost of sales [1],[2] 2,281 2,576 4,658 5,009
Selling, informational and administrative expenses [1],[2] 3,030 3,511 5,903 6,850
Research and development expenses [1],[2] 2,132 1,842 3,856 3,544
Amortization of intangible assets [1] 905 1,184 1,790 2,367
Restructuring charges and certain acquisition-related costs [1] 362 (115) 431 (69)
(Gain) on completion of Consumer Healthcare JV transaction [1] 0 0 (6) 0
Other (income)/deductions––net [1] (862) 126 (641) 218
Income from continuing operations before provision/(benefit) for taxes on income [1],[3] 3,953 4,141 7,838 8,463
Provision/(benefit) for taxes on income [1] 519 (915) 993 (481)
Income from continuing operations [1] 3,434 5,056 6,845 8,945
Discontinued operations––net of tax [1] 0 0 0 0
Net income before allocation to noncontrolling interests [1],[4],[5],[6] 3,434 5,056 6,845 8,945
Less: Net income attributable to noncontrolling interests [1] 8 10 17 15
Net income attributable to Pfizer Inc. [1] $ 3,426 $ 5,046 $ 6,828 $ 8,929
Earnings per common share––basic:        
Income from continuing operations attributable to Pfizer Inc. common shareholders (in dollars per share) [1] $ 0.62 $ 0.91 $ 1.23 $ 1.59
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] 0.62 0.91 1.23 1.59
Earnings per common share––diluted:        
Income from continuing operations attributable to Pfizer Inc. common shareholders (in dollars per share) [1] 0.61 0.89 1.22 1.56
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] $ 0.61 $ 0.89 $ 1.22 $ 1.56
Weighted-average shares––basic [1] 5,554 5,562 5,550 5,598
Weighted-average shares––diluted [1] 5,619 5,672 5,616 5,711
[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 2020 and $76 million in the second quarter of 2019, and $153 million in the first six months of 2020 and $140 million in the first six months of 2019 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.