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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net sales $ 2,543 $ 2,493
Cost of products sold 806 730
Gross profit 1,737 1,763
Operating expenses:    
Selling, general and administrative expenses 978 869
Research and development expenses 300 280
Royalty expense 12 16
Amortization expense 201 160
Intangible asset impairment charges 198 67
Contingent consideration expense (benefit) (108) (28)
Restructuring charges (credits) 10 6
Litigation-related net charges (credits) 0 (148)
Operating expenses 1,591 1,222
Operating income (loss) 146 541
Other income (expense):    
Interest expense (88) (109)
Other, net (36) 25
Income (loss) before income taxes 22 457
Income tax expense (benefit) 12 33
Net income (loss) $ 11 $ 424
Net income (loss) per common share — basic $ 0.01 $ 0.31
Net income (loss) per common share — assuming dilution $ 0.01 $ 0.30
Weighted-average shares outstanding    
Basic 1,397.4 1,387.7
Assuming dilution 1,413.5 1,408.4