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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2019
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | Income before provision for income taxes consists of the following (in millions):
|  | Year Ended December 31,
|  | 2019 |  | 2018 |  | 2017
Domestic |  | $ | 4,112 |  |  | $ | 7,074 |  |  | $ | 8,099 |
Foreign |  | 1,048 |  |  | 725 |  |  | 5,430 |
Income before provision for income taxes |  | $ | 5,160 |  |  | $ | 7,799 |  |  | $ | 13,529 |
Schedule Of Provision For Income Taxes |
|  | Year Ended December 31,
|  | 2019 |  | 2018 |  | 2017
Federal: |  |  |  |  |  |
Current |  | $ | 1,646 |  |  | $ | 1,716 |  |  | $ | 8,817 |
Deferred |  | (843 | ) |  | 324 |  |  | (123 | )
|  | 803 |  |  | 2,040 |  |  | 8,694 |
State: |  |  |  |  |  |  |  |  |
Current |  | 135 |  |  | 162 |  |  | 97 |
Deferred |  | (42 | ) |  | (17 | ) |  | (20 | )
|  | 93 |  |  | 145 |  |  | 77 |
Foreign: |  |  |  |  |  |
Current |  | 124 |  |  | 175 |  |  | 54 |
Deferred |  | (1,224 | ) |  | (21 | ) |  | 60 |
|  | (1,100 | ) |  | 154 |  |  | 114 |
Provision for income taxes |  | $ | (204 | ) |  | $ | 2,339 |  |  | $ | 8,885 |
Schedule Of Difference Between Provision For Income Taxes And Federal Statutory Income Tax Rate To Income Before Provision For Income Taxes | The reconciliation between the federal statutory tax rate applied to income before taxes and our effective tax rate is summarized as follows:
|  | Year Ended December 31,
|  | 2019 |  | 2018 |  | 2017
Federal statutory rate |  | 21.0 | % |  | 21.0 | % |  | 35.0 | %
State taxes, net of federal benefit |  | 0.4 | % |  | 0.6 | % |  | 0.1 | %
Foreign earnings at different rates |  | (2.5 | )% |  | (0.9 | )% |  | (11.2 | )%
Research and other credits |  | (1.9 | )% |  | (1.1 | )% |  | (0.6 | )%
US tax on foreign earnings |  | 4.3 | % |  | 2.1 | % |  | 1.2 | %
Deferred tax - intra-entity transfer of intangible assets |  | (24.0 | )% |  | 7.5 | % |  | — | %
Transition tax |  | — | % |  | (0.7 | )% |  | 42.9 | %
Deferred tax revaluation |  | — | % |  | 0.8 | % |  | (2.3 | )%
Settlement of tax examinations |  | (2.4 | )% |  | (1.9 | )% |  | — | %
Other |  | 1.1 | % |  | 2.6 | % |  | 0.6 | %
Effective tax rate |  | (4.0 | )% |  | 30.0 | % |  | 65.7 | %
Schedule of Deferred Tax Assets and Liabilities | Significant components of our deferred tax assets and liabilities are as follows (in millions):
|  | December 31,
|  | 2019 |  | 2018
Deferred tax assets: |  |  |  |
Net operating loss carryforwards |  | $ | 184 |  |  | $ | 344 |
Stock-based compensation |  | 113 |  |  | 163 |
Reserves and accruals not currently deductible |  | 423 |  |  | 426 |
Excess of tax basis over book basis of intangible assets |  | 1,232 |  |  | — |
Up-front and milestone payments |  | 988 |  |  | 97 |
Research and other credit carryforwards |  | 247 |  |  | 363 |
Other, net |  | 168 |  |  | 183 |
Total deferred tax assets before valuation allowance |  | 3,355 |  |  | 1,576 |
Valuation allowance |  | (217 | ) |  | (331 | )
Total deferred tax assets |  | 3,138 |  |  | 1,245 |
Deferred tax liabilities: |  |  |  |  |  |
Property, plant and equipment |  | (88 | ) |  | (47 | )
Excess of book basis over tax basis of intangible assets |  | (1,401 | ) |  | (1,656 | )
Other |  | (93 | ) |  | (80 | )
Total deferred tax liabilities |  | (1,582 | ) |  | (1,783 | )
Net deferred tax assets (liabilities) |  | $ | 1,556 |  |  | $ | (538 | )
Schedule Of Unrecognized Tax Benefits Roll Forward | The following is a rollforward of our total gross unrecognized tax benefits (in millions):
|  | Year Ended December 31,
|  | 2019 |  | 2018 |  | 2017
Balance, beginning of period |  | $ | 1,595 |  |  | $ | 2,181 |  |  | $ | 1,852 |
Tax positions related to current year: |  |  |  |  |  |  |  |  |
Additions |  | 138 |  |  | 64 |  |  | 299 |
Reductions |  | — |  |  | — |  |  | — |
Tax positions related to prior years: |  |  |  |  |  |  |  |
Additions |  | 405 |  |  | 125 |  |  | 67 |
Reductions |  | — |  |  | — |  |  | (16 | )
Settlements |  | (104 | ) |  | (774 | ) |  | (12 | )
Lapse of statute of limitations |  | (3 | ) |  | (1 | ) |  | (9 | )
Balance, end of period |  | $ | 2,031 |  |  | $ | 1,595 |  |  | $ | 2,181 |

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