v2.4.0.8
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2013
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
Following is the composition of income tax expense:
 
2013
 
2012
 
2011
Current:
 
 
 
 
 
Federal
$
259.1

 
$
596.8

 
$
671.4

Foreign
553.2

 
540.6

 
759.5

State
126.3

 
56.2

 
(22.9
)
Total current tax expense
938.6

 
1,193.6

 
1,408.0

Deferred:
 
 
 
 
 
Federal
297.0

 
87.0

 
(398.5
)
Foreign
(28.2
)
 
29.9

 
(34.7
)
State
(2.9
)
 
9.1

 
27.0

Total deferred tax expense (benefit)
265.9

 
126.0

 
(406.2
)
Income taxes
$
1,204.5

 
$
1,319.6

 
$
1,001.8
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
Significant components of our deferred tax assets and liabilities as of December 31 are as follows:
 
2013
 
2012
Deferred tax assets:
 
 
 
Compensation and benefits
$
639.8

 
$
1,081.8

Tax credit carryforwards and carrybacks
494.6

 
703.2

Purchases of intangible assets
418.8

 
366.8

Product return reserves
313.7

 
153.8

Tax loss carryforwards and carrybacks
311.7

 
370.1

Debt
110.0

 
232.8

Contingencies
106.0

 
113.2

Intercompany profit in inventories
104.5

 
159.6

Sale of intangibles
76.5

 
278.6

Other
518.5

 
361.5

Total gross deferred tax assets
3,094.1

 
3,821.4

Valuation allowances
(647.1
)
 
(675.8
)
Total deferred tax assets
2,447.0

 
3,145.6

Deferred tax liabilities:
 
 
 
Unremitted earnings
(898.3
)
 
(920.4
)
Inventories
(685.6
)
 
(573.4
)
Intangibles
(598.9
)
 
(708.8
)
Prepaid employee benefits
(446.2
)
 
—

Property and equipment
(379.1
)
 
(407.1
)
Financial instruments
(109.6
)
 
(257.0
)
Total deferred tax liabilities
(3,117.7
)
 
(2,866.7
)
Deferred tax assets (liabilities) - net
$
(670.7
)
 
$
278.9
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
Following is a reconciliation of the income tax expense applying the U.S. federal statutory rate to income before income taxes to reported income tax expense:
 
2013
 
2012
 
2011
Income tax at the U.S. federal statutory tax rate
$
2,061.3

 
$
1,892.9

 
$
1,872.3

Add (deduct):
 
 
 
 
 
International operations, including Puerto Rico
(778.3
)
 
(593.8
)
 
(796.7
)
General business credits
(175.6
)
 
(11.2
)
 
(80.8
)
IRS audit conclusion
(7.9
)
 
—

 
(85.3
)
Other
105.0

 
31.7

 
92.3

Income taxes
$
1,204.5

 
$
1,319.6

 
$
1,001.8
Summary of Income Tax Contingencies [Table Text Block]
A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows:
 
2013
 
2012
 
2011
Beginning balance at January 1
$
1,534.3

 
$
1,369.3

 
$
1,714.3

Additions based on tax positions related to the current year
142.5

 
144.8

 
89.4

Additions for tax positions of prior years
251.5

 
70.1

 
390.0

Reductions for tax positions of prior years
(358.2
)
 
(38.5
)
 
(492.3
)
Settlements
(404.9
)
 
(9.2
)
 
(326.3
)
Lapses of statutes of limitation
(24.9
)
 
(4.6
)
 
(2.6
)
Changes related to the impact of foreign currency translation
(3.9
)
 
2.4

 
(3.2
)
Ending balance at December 31
$
1,136.4

 
$
1,534.3

 
$
1,369.3