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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net sales $ 2,160 $ 1,964
Cost of products sold 650 573
Gross profit 1,510 1,391
Operating expenses:    
Selling, general and administrative expenses 794 716
Research and development expenses 235 210
Royalty expense 17 19
Amortization expense 143 136
Contingent consideration expense (benefit) (50) 4
Restructuring charges (credits) 4 3
Litigation-related charges (credits) 3 10
Operating expenses 1,146 1,098
Operating income (loss) 364 293
Other income (expense):    
Interest expense (57) (59)
Other, net (2) (6)
Income (loss) before income taxes 305 228
Income tax expense (benefit) 15 26
Net income (loss) $ 290 $ 202
Net income (loss) per common share — basic $ 0.21 $ 0.15
Net income (loss) per common share — assuming dilution $ 0.21 $ 0.15
Weighted-average shares outstanding    
Basic 1,365.4 1,350.4
Assuming dilution 1,390.2 1,369.9