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Basis of Presentation (Tables)
 9 Months Ended
Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Impact of Adopting Standard
The impact of adopting the above standards is as follows:
($ in millions)
ASU 2014-09 (Revenue)
 
ASU 2016-01 (Financial Instruments)
 
ASU 2016-16 (Intra-Entity Transfers of Assets Other than Inventory)
 
ASU 2017-12 (Derivatives and Hedging)
 
ASU 2018-02 (Reclassification of Certain Tax Effects)
 
Total
Assets - Increase (Decrease)
 
 
 
 
 
 
 
 
 
 
 
Accounts receivable
$
5

 
 
 
 
 
 
 
 
 
$
5

Liabilities - Increase (Decrease)
 
 
 
 
 
 
 
 
 
 


Income Taxes Payable
 
 
 
 
 
 
(3
)
 
 
 
(3
)
Debt
 
 
 
 
 
 
14

 
 
 
14

Deferred Income Taxes
 
 
 
 
(54
)
 
 
 
 
 
(54
)
Equity - Increase (Decrease)
 
 
 
 
 
 
 
 
 
 
 
Retained earnings
5

 
8

 
54

 
(11
)
 
266

 
322

Accumulated other comprehensive loss
 
 
(8
)
 
 
 
 
 
(266
)
 
(274
)
The following table provides the effects of adopting ASC 606 on the Consolidated Statement of Income:
 
Three Months Ended September 30, 2018
 
Nine Months Ended September 30, 2018
($ in millions)
As Reported
 
Effects of Adopting ASC 606
 
Amounts Without Adoption of ASC 606
 
As Reported
 
Effects of Adopting ASC 606
 
Amounts Without Adoption of ASC 606
Sales
$
10,794

 
$
(1
)
 
$
10,793

 
$
31,296

 
$
(30
)
 
$
31,266

Materials and production
3,619

 
(1
)
 
3,618

 
10,220

 
(18
)
 
10,202

Income before taxes
2,665

 
—

 
2,665

 
6,097

 
(12
)
 
6,085

Taxes on income
707

 
—

 
707

 
1,682

 
(3
)
 
1,679

Net income attributable to Merck & Co., Inc.
1,950

 
—

 
1,950

 
4,393

 
(9
)
 
4,384


The following table provides the effects of adopting ASC 606 on the Consolidated Balance Sheet:
 
September 30, 2018
($ in millions)
As Reported
 
Effects of Adopting ASC 606
 
Amounts Without Adoption of ASC 606
Assets
 
 
 
 
 
Accounts receivable
$
7,374

 
$
(45
)
 
$
7,329

Inventories
5,416

 
19

 
5,435

Liabilities
 
 
 
 


Accrued and other current liabilities
9,776

 
(6
)
 
9,770

Income taxes payable
759

 
(5
)
 
754

Equity
 
 
 
 


Retained earnings
42,189

 
(15
)
 
42,174