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Business Combinations and Divestitures (Tables) | 12 Months Ended
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Dec. 31, 2017
Business Combinations [Abstract] |
Schedule of Preliminary Amounts Recognized for Assets Acquired and Liabilities Assumed | The following table presents the preliminary amounts recognized for assets acquired and liabilities assumed for Actelion as of the acquisition date as well as the adjustments made up to December 31, 2017:
(Dollars in Millions) | June 16, 2017 | December 31, 2017
Cash & Cash equivalents | $ | 469 |  | 469 |
Inventory(1) | 759 |  | 759 |
Accounts Receivable | 485 |  | 485 |
Other current assets | 93 |  | 93 |
Property, plant and equipment | 104 |  | 104 |
Goodwill | 5,986 |  | 6,161 |
Intangible assets | 25,010 |  | 25,010 |
Deferred Taxes | 3 |  | 99 |
Other non-current assets | 19 |  | 19 |
Total Assets Acquired | 32,928 |  | 33,199 |
Current liabilities | 531 |  | 956 |
Deferred Taxes | 1,960 |  | 1,776 |
Other non-current liabilities | 383 |  | 413 |
Total Liabilities Assumed | 2,874 |  | 3,145 |
Net Assets Acquired | $ | 30,054 |  | 30,054 |
(1) Includes adjustment of $642 million to write-up the acquired inventory to its estimated fair value.
Purchase Price Allocation of Identifiable Intangible Assets | The purchase price allocation to the identifiable intangible assets is as follows:
(Dollars in Millions) |  |
Intangible assets with definite lives: |  |
Patents and trademarks |  | $ | 24,230 |
Total amortizable intangibles |  | 24,230 |
In-process research and development |  | 780 |
Total intangible assets |  | $ | 25,010 |
Schedule of Pro Forma Results | The following table provides pro forma results of operations for the fiscal year ended December 31, 2017 and January 1, 2017, as if Actelion had been acquired as of January 4, 2016. The pro forma results include the effect of certain purchase accounting adjustments such as the estimated changes in depreciation and amortization expense on the acquired tangible and intangible assets. However, pro forma results do not include any anticipated cost savings or other effects of the planned integration of Actelion. Accordingly, such amounts are not necessarily indicative of the results if the acquisition had occurred on the dates indicated or which may occur in the future.
| Unaudited Pro forma Consolidated Results
(Dollars in Millions Except Per Share Data) | 2017 | 2016
Net Sales | 77,681 |  | 74,339 |
Net Earnings | 1,509 |  | 13,916 |
Diluted Net Earnings per Common Share | 0.55 |  | 4.99 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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