Stock-Based Compensation

3 Months Ended

Mar. 31, 2015

STOCK-BASED COMPENSATION

The following table summarizes the stock-based compensation expenses included in our Condensed Consolidated Statements of Income (in millions):



	Three Months Ended
	March 31,
	2015			2014
Cost of goods sold	$	3		$	3
Research and development expenses	42			34
Selling, general and administrative expenses	47			45
Stock-based compensation expense included in total costs and expenses	92			82
Income tax effect	(23		)	(19		)
Stock-based compensation expense, net of tax	$	69		$	63

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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