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Discontinued Operations (Tables)
 6 Months Ended
Jun. 30, 2016
Components of discontinued operations

 

 

Three Months Ended
June 30

 

Six Months Ended
June 30

 

(in millions)

 

2016

 

2015

 

2016

 

2015

 

Net Sales

 

 

 

 

 

 

 

 

 

Developed markets generics pharmaceuticals and animal health businesses

 

$

—

 

$

—

 

$

—

 

$
256

 

AbbVie

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

—

 

$

—

 

$

—

 

$
256

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Loss) Before Tax

 

 

 

 

 

 

 

 

 

Developed markets generics pharmaceuticals and animal health businesses

 

$
(3

)

$
(5

)

$
(6

)

$
20

 

AbbVie

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
(3

)

$
(5

)

$
(6

)

$
20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax Expense (Benefit)

 

 

 

 

 

 

 

 

 

Developed markets generics pharmaceuticals and animal health businesses

 

$

—

 

$

—

 

$
(3

)

$
12

 

AbbVie

 
(19

)
(4

)
(263

)
(17

)

 

 

 

 

 

 

 

 

 

 

Total

 

$
(19

)

$
(4

)

$
(266

)

$
(5

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Earnings (Loss)

 

 

 

 

 

 

 

 

 

Developed markets generics pharmaceuticals and animal health businesses

 

$
(3

)

$
(5

)

$
(3

)

$
8

 

AbbVie

 
19

 
4

 
263

 
17

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
16

 

$
(1

)

$
260

 

$
25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Held for disposition  
Components of discontinued operations

(in millions)

 

June 30,
2016

 

December 31,
2015

 

Cash and Trade receivables, net

 

$
41 

 

$
54 

 

Total inventories

 
20 

 
43 

 

Prepaid expenses and other receivables

 
5 

 
8 

 

 

 

 

 

 

 

Current assets held for disposition

 
66 

 
105 

 

 

 

 

 

 

 

Net property and equipment

 
1 

 
1 

 

Deferred income taxes and other assets

 
1 

 
1 

 

 

 

 

 

 

 

Non-current assets held for disposition

 
2 

 
2 

 

 

 

 

 

 

 

Total assets held for disposition

 

$
68 

 

$
107 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade accounts payable

 

$
360 

 

$
359 

 

Salaries, wages, commissions and other accrued liabilities

 
1 

 
14 

 

 

 

 

 

 

 

Current liabilities held for disposition

 
361 

 
373 

 

Post-employment obligations, deferred income taxes and other long-term liabilities

 

—

 

—

 

 

 

 

 

 

 

Total liabilities held for disposition

 

$
361 

 

$
373