XML 29 R9.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Other Income, Net | 3 Months Ended
--- | ---
Mar. 31, 2014
Other Income and Expenses [Abstract] |
Other Income, Net | Other Income, Net
| Three Months Ended
| March 31,
| 2014 | 2013
Royalty income | $ | 38 |  | $ | 37 |
Interest income | 28 |  | 27 |
Equity in earnings (losses) of affiliates, excluding exchange gains/losses 1 | 13 |  | (7 | )
Net gain on sales of other assets | 7 |  | 5 |
Net exchange (losses) gains 1 | (96 | ) | 11 |
Cozaar®/Hyzaar® income | 1 |  | 2 |
Miscellaneous income and expenses, net 2 | 26 |  | 17 |
Other income, net | $ | 17 |  | $ | 92 |
1 | The company routinely uses foreign currency exchange contracts to offset its net exposures, by currency, related to the foreign currency-denominated monetary assets and liabilities. The objective of this program is to maintain an approximately balanced position in foreign currencies in order to minimize, on an after-tax basis, the effects of exchange rate changes on net monetary asset positions. The net pre-tax exchange gains (losses) are recorded in Other income, net and the related tax impact is recorded in Provision for income taxes on continuing operations on the interim Consolidated Income Statements. Exchange gains (losses) related to earnings of affiliates was $(2) and $5 for the three months ended March 31, 2014 and 2013, respectively. The $(96) net exchange loss for the three months ended March 31, 2014, includes $(39) and $(14) exchange losses, associated with the devaluation of the Ukrainian hryvnia and Argentinian peso, respectively. The $11 net exchange gain for the three months ended March 31, 2013, includes a $(36) exchange loss, associated with the devaluation of the Venezuelan bolivar.
2 | Miscellaneous income and expenses, net, generally includes interest items, certain insurance recoveries and litigation settlements, and other items.

X
- Details
Name: | us-gaap_OtherIncomeAndExpensesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.3,6,7,9) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 3, 6, 7, 9 -Article 5 + Details
Name: | us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration