XML 74 R49.htm IDEA: XBRL DOCUMENT v3.19.1
Hedging Activities and Fair Value Measurements (Details)
£ in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
USD ($)
Mar. 31, 2018
USD ($)
Mar. 31, 2019
GBP (£)
units
Mar. 31, 2019
USD ($)
units
Dec. 31, 2018
GBP (£)
Dec. 31, 2018
USD ($)
Derivative Instruments and Hedging Activities Disclosures [Line Items]            
Document Period End Date Mar. 31, 2019          
Derivative, Notional Amount       $ 13,052   $ 12,326
Cost of Products Sold $ 730 $ 672        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax 56 (91)        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax 7 (12)        
Interest Expense 109 61        
Gain (Loss) on Derivative Used in Net Investment Hedge, after Tax (8) 0        
Derivative Asset       436   304
Total Derivative Liabilities       48   80
Assets, Fair Value Disclosure [Abstract]            
Equity Securities, FV-NI       1   0
Liabilities, Fair Value Disclosure [Abstract]            
Business Combination, Contingent Consideration, Liability       394   347
Debt Instrument, Fair Value Disclosure       9,750   7,239
Cash       114   133
Designated as Hedging Instrument [Member]            
Derivative Instruments and Hedging Activities Disclosures [Line Items]            
Derivative Instruments in Hedges, Assets, at Fair Value       335   237
Derivative Instruments in Hedges, Liabilities, at Fair Value       6   49
Not Designated as Hedging Instrument [Member] | Other Nonoperating Income (Expense) [Member]            
Derivative Instruments and Hedging Activities Disclosures [Line Items]            
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments 22 (23)        
Foreign Currency Transaction Gain (Loss), before Tax 6 16        
Net currency exchange gain (loss) 28 (8)        
Interest Rate Contract [Member] | Cash Flow Hedging [Member] | Interest Expense [Member]            
Derivative Instruments and Hedging Activities Disclosures [Line Items]            
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net       (5)    
Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | Other Current Liabilities [Member]            
Derivative Instruments and Hedging Activities Disclosures [Line Items]            
Derivative Instruments in Hedges, Liabilities, at Fair Value       0   44
Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]            
Derivative Instruments and Hedging Activities Disclosures [Line Items]            
Derivative, Notional Amount       0   1,000
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Cost of Products Sold [Member]            
Derivative Instruments and Hedging Activities Disclosures [Line Items]            
Foreign Currency Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months       71    
Foreign Exchange Contract [Member] | Net Investment Hedging [Member] | Interest Expense [Member]            
Derivative Instruments and Hedging Activities Disclosures [Line Items]            
Derivative Used in Net Investment Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net       $ 41    
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member]            
Derivative Instruments and Hedging Activities Disclosures [Line Items]            
Forward Currency Contracts, Time to Maturity | units     60 60    
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member] | Prepaid And Other Current Assets [Member]            
Derivative Instruments and Hedging Activities Disclosures [Line Items]            
Derivative Instruments in Hedges, Assets, at Fair Value       $ 70   55
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member] | Other Long-term Assets [Member]            
Derivative Instruments and Hedging Activities Disclosures [Line Items]            
Derivative Instruments in Hedges, Assets, at Fair Value       265   183
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member] | Other Current Liabilities [Member]            
Derivative Instruments and Hedging Activities Disclosures [Line Items]            
Derivative Instruments in Hedges, Liabilities, at Fair Value       3   2
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member] | Other Long-term Liabilities [Member]            
Derivative Instruments and Hedging Activities Disclosures [Line Items]            
Derivative Instruments in Hedges, Liabilities, at Fair Value       3   3
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]            
Derivative Instruments and Hedging Activities Disclosures [Line Items]            
Derivative, Notional Amount       4,142   3,962
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Cost of Products Sold [Member]            
Derivative Instruments and Hedging Activities Disclosures [Line Items]            
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax 72 (118)        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax (16) 27        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax 56 (91)        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax (9) 15        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax 2 (3)        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax (7) $ 12        
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member] | Net Investment Hedging [Member]            
Derivative Instruments and Hedging Activities Disclosures [Line Items]            
Derivative, Notional Amount       1,517   1,483
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | Interest Expense [Member]            
Derivative Instruments and Hedging Activities Disclosures [Line Items]            
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax 33          
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), before Adjustments, Tax (7)          
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), before Adjustments, after Tax 26          
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), Reclassification, before Tax (10)          
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), after Reclassification, Tax 2          
Gain (Loss) on Derivative Used in Net Investment Hedge, after Tax $ 8          
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member]            
Derivative Instruments and Hedging Activities Disclosures [Line Items]            
Derivative, Notional Amount       7,393   5,880
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member] | Prepaid And Other Current Assets [Member]            
Derivative Instruments and Hedging Activities Disclosures [Line Items]            
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value       101   67
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member] | Other Current Liabilities [Member]            
Derivative Instruments and Hedging Activities Disclosures [Line Items]            
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value       42   31
Fair Value, Measurements, Recurring [Member]            
Assets, Fair Value Disclosure [Abstract]            
Money Market Funds, at Carrying Value       25   13
Equity Securities, FV-NI       1   0
Derivative Asset       436   304
Assets, Fair Value Disclosure       462   318
Liabilities, Fair Value Disclosure [Abstract]            
Derivative Liability       48   80
Business Combination, Contingent Consideration, Liability       394   347
Financial and Nonfinancial Liabilities, Fair Value Disclosure       442   427
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]            
Assets, Fair Value Disclosure [Abstract]            
Money Market Funds, at Carrying Value       25   13
Equity Securities, FV-NI       1   0
Derivative Asset       0   0
Assets, Fair Value Disclosure       26   14
Liabilities, Fair Value Disclosure [Abstract]            
Derivative Liability       0   0
Business Combination, Contingent Consideration, Liability       0   0
Financial and Nonfinancial Liabilities, Fair Value Disclosure       0   0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]            
Assets, Fair Value Disclosure [Abstract]            
Money Market Funds, at Carrying Value       0   0
Equity Securities, FV-NI       0   0
Derivative Asset       436   304
Assets, Fair Value Disclosure       436   304
Liabilities, Fair Value Disclosure [Abstract]            
Derivative Liability       48   80
Business Combination, Contingent Consideration, Liability       0   0
Financial and Nonfinancial Liabilities, Fair Value Disclosure       48   80
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]            
Assets, Fair Value Disclosure [Abstract]            
Money Market Funds, at Carrying Value       0   0
Equity Securities, FV-NI       0   0
Derivative Asset       0   0
Assets, Fair Value Disclosure       0   0
Liabilities, Fair Value Disclosure [Abstract]            
Derivative Liability       0   0
Business Combination, Contingent Consideration, Liability       394   347
Financial and Nonfinancial Liabilities, Fair Value Disclosure       $ 394   $ 347
Proposed BTG Acquisition [Member] | Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member]            
Derivative Instruments and Hedging Activities Disclosures [Line Items]            
Derivative, Notional Amount | £     £ 3,311   £ 2,000