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Spin-Off of Organon & Co. (Tables) | 9 Months Ended
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Sep. 30, 2021
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations | Details of Income from Discontinued Operations, Net of Taxes and Amounts Attributable to Noncontrolling Interests are as follows:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
($ in millions) |  |  | 2020 |  | 2021 (1) |  | 2020
Sales |  |  | $ | 1,622 |  |  | $ | 2,512 |  |  | $ | 4,911 |
Costs, Expenses and Other |  |  |  |  |  |  |
Cost of sales |  |  | 468 |  |  | 789 |  |  | 1,362 |
Selling, general and administrative |  |  | 390 |  |  | 877 |  |  | 1,046 |
Research and development |  |  | 41 |  |  | 103 |  |  | 113 |
Restructuring costs |  |  | 1 |  |  | 1 |  |  | 4 |
Other (income) expense, net |  |  | — |  |  | (15) |  |  | 7 |
|  |  | 900 |  |  | 1,755 |  |  | 2,532 |
Income from discontinued operations before taxes |  |  | 722 |  |  | 757 |  |  | 2,379 |
Tax provision (benefit) |  |  | 103 |  |  | (12) |  |  | 343 |
Income from discontinued operations, net of taxes |  |  | 619 |  |  | 769 |  |  | 2,036 |
Less: Income of discontinued operations attributable to noncontrolling interests |  |  | 2 |  |  | 3 |  |  | 11 |
Income from discontinued operations, net of taxes and amounts attributable to noncontrolling interests |  |  | $ | 617 |  |  | $ | 766 |  |  | $ | 2,025 |
(1) Reflects amounts through the June 2, 2021 spin-off date. Details of assets and liabilities of discontinued operations are as follows:
($ in millions) |  | December 31, 2020
Cash and cash equivalents |  | $ | 12 |
Accounts receivable, less allowance for doubtful accounts |  | 1,048 |
Inventories |  | 756 |
Other current assets |  | 867 |
Current assets of discontinued operations |  | $ | 2,683 |
Property, plant and equipment, net |  | $ | 986 |
Goodwill |  | 1,356 |
Other intangibles, net |  | 503 |
Other assets |  | 330 |
Noncurrent Assets of Discontinued Operations |  | $ | 3,175 |
Trade accounts payable |  | $ | 267 |
Accrued and other current liabilities |  | 841 |
Income taxes payable |  | (22) |
Total current liabilities of discontinued operations |  | $ | 1,086 |
Deferred income taxes |  | $ | 10 |
Other noncurrent liabilities |  | 176 |
Noncurrent Liabilities of Discontinued Operations |  | $ | 186 |

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