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Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2013
Goodwill and Other Intangible Assets [Abstract]  
Description of unobservable inputs used in Level 3 fair value measurements [Table Text Block]
The recurring Level 3 fair value measurements of our contingent consideration liability include the following significant unobservable inputs:

Contingent Consideration Liability
Fair Value as of December 31, 2013
Valuation Technique
Unobservable Input
Range
R&D, Regulatory and Commercialization-based Milestones
$84 million
Probability Weighted Discounted Cash Flow
Discount Rate
0.8% - 1.0%
Probability of Payment
85%
Projected Year of Payment
2014
Revenue-based Payments
$126 million
Discounted Cash Flow
Discount Rate
12% - 15%
Probability of Payment
0% - 100%
Projected Year of Payment
2014 - 2017
$291 million
Monte Carlo
Revenue Volatility
13% - 26%
Risk Free Rate
LIBOR Term Structure
Projected Year of Payment
2014-2018
The nonrecurring Level 3 fair value measurements of the impairment analysis performed in the second quarter of 2013 included the following significant unobservable inputs:

Intangible Asset
Fair Value as of Second Quarter 2013
Valuation Technique
Unobservable Input
Rate
In-Process R&D
$178 million
Income Approach - Excess Earnings Method
Discount Rate
16.5%
The nonrecurring Level 3 fair value measurements of the impairment charges taken in the second quarter of 2012 included the following significant unobservable inputs:

Intangible Asset
Fair Value as of Second Quarter 2012
Valuation Technique
Unobservable Input
Range
In-Process R&D
$184 million
Income Approach - Excess Earnings Method
Discount Rate
20%
The nonrecurring Level 3 fair value measurements of the impairment charges taken in the third quarter of 2012 included the following significant unobservable inputs:

Intangible Asset
Fair Value as of Third Quarter 2012
Valuation Technique
Unobservable Input
Range
In-Process R&D
$26 million
Income Approach - Excess Earnings Method
Discount Rate
20%-25%
Schedule of Goodwill [Table Text Block]
The following represents our goodwill balance by new global reportable segment. We restated the prior period information to conform to the current presentation:
(in millions)
 
Cardiovascular
 
Rhythm Management
 
MedSurg
 
Total
Balance as of December 31, 2011
 
$
4,542

 
$
1,661

 
$
3,558

 
$
9,761

Purchase price adjustments
 

 
(1
)
 

 
(1
)
Goodwill acquired
 
186

 
327

 
50

 
563

Goodwill written off
 
(1,479
)
 
(1,410
)
 
(1,461
)
 
(4,350
)
Balance as of December 31, 2012
 
$
3,249

 
$
577

 
$
2,147

 
$
5,973

Purchase price adjustments
 
3

 

 

 
3

Goodwill acquired
 

 
140

 

 
140

Goodwill written off
 

 
(423
)
 

 
(423
)
Balance as of December 31, 2013
 
$
3,252

 
$
294

 
$
2,147

 
$
5,693

Schedule of Impaired Intangible Assets [Table Text Block]
 
 
Year Ended December 31,
(in millions)
 
2013
 
2012
 
2011
Technology-related
 
$

 
$

 
$
9

Purchased research and development
 
53

 
142

 
12

 
 
$
53

 
142

 
$
21

Schedule of Intangible Assets and Goodwill [Table Text Block]
 
 
As of December 31, 2013
 
As of December 31, 2012
 
 
Gross Carrying
 
Accumulated
Amortization/
 
Gross Carrying
 
Accumulated
Amortization/
(in millions)
 
Amount
 
Write-offs
 
Amount
 
Write-offs
Amortizable intangible assets
 
 
 
 
 
 
 
 
Technology-related
 
$
8,272

 
$
(3,342
)
 
$
8,020

 
$
(3,005
)
Patents
 
513

 
(326
)
 
559

 
(352
)
Other intangible assets
 
845

 
(479
)
 
810

 
(428
)
 
 
$
9,630

 
$
(4,147
)
 
$
9,389

 
$
(3,785
)
Unamortizable intangible assets
 
 
 
 
 
 
 
 
Goodwill
 
$
15,593

 
$
(9,900
)
 
$
15,450

 
$
(9,477
)
Technology-related
 
197

 
 
 
242

 
 
 
 
$
15,790

 
$
(9,900
)
 
$
15,692

 
$
(9,477
)
Schedule of Expected Amortization Expense [Table Text Block]
 
 
 
 
 
Estimated Amortization Expense
Fiscal Year
 
(in millions)
 
2014
 
$
433

2015
 
441

2016
 
441

2017
 
440

2018
 
441

Asset Impairment Charges [Text Block]
The following is a rollforward of accumulated goodwill write-offs by global reportable segment:
(in millions)
 
Cardiovascular
 
Rhythm Management
 
MedSurg
 
Total
Accumulated write-offs as of December 31, 2011
 
$

 
$
(5,127
)
 
$

 
(5,127
)
Goodwill written off
 
(1,479
)
 
(1,410
)
 
(1,461
)
 
(4,350
)
Accumulated write-offs as of December 31, 2012
 
$
(1,479
)
 
$
(6,537
)
 
(1,461
)
 
$
(9,477
)
Goodwill written off
 

 
(423
)
 

 
(423
)
Accumulated write-offs as of December 31, 2013
 
$
(1,479
)
 
$
(6,960
)
 
$
(1,461
)
 
$
(9,900
)