| Schedule of Segment Reporting Information by Segment [Text Block] |
Certain
information by operating segment follows:
| |
|
Revenues
|
|
|
R&D
Expenses
|
|
|
Earnings(a)
|
|
|
(millions of dollars)
|
|
July
3,
2011
|
|
|
July
4,
2010
|
|
|
July
3,
2011
|
|
|
July
4,
2010
|
|
|
July
3,
2011
|
|
|
July
4,
2010
|
|
|
Three Months
Ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Primary
Care
|
|
$ |
5,870 |
|
|
$ |
5,923 |
|
|
$ |
304 |
|
|
$ |
413 |
|
|
$ |
3,811 |
|
|
$ |
4,054 |
|
|
Specialty
Care and Oncology
|
|
|
4,038 |
|
|
|
4,118 |
|
|
|
375 |
|
|
|
377 |
|
|
|
2,586 |
|
|
|
2,729 |
|
|
Established
Products and Emerging Markets
|
|
|
4,732 |
|
|
|
4,980 |
|
|
|
79 |
|
|
|
65 |
|
|
|
2,475 |
|
|
|
2,924 |
|
|
Animal
Health and Consumer Healthcare
|
|
|
1,776 |
|
|
|
1,571 |
|
|
|
105 |
|
|
|
97 |
|
|
|
514 |
|
|
|
482 |
|
|
Total
reportable segments
|
|
|
16,416 |
|
|
|
16,592 |
|
|
|
863 |
|
|
|
952 |
|
|
|
9,386 |
|
|
|
10,189 |
|
|
Nutrition
and other business activities(b)
|
|
|
568 |
|
|
|
540 |
|
|
|
868 |
|
|
|
849 |
|
|
|
(759 |
) |
|
|
(728 |
) |
|
Reconciling
Items:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate(c)
|
|
|
–– |
|
|
|
–– |
|
|
|
328 |
|
|
|
375 |
|
|
|
(1,647 |
) |
|
|
(1,654 |
) |
|
Purchase
accounting adjustments(d)
|
|
|
–– |
|
|
|
–– |
|
|
|
–– |
|
|
|
5 |
|
|
|
(1,736 |
) |
|
|
(2,100 |
) |
|
Acquisition-related
costs(e)
|
|
|
–– |
|
|
|
–– |
|
|
|
–– |
|
|
|
–– |
|
|
|
(595 |
) |
|
|
(1,101 |
) |
|
Certain
significant items(f)
|
|
|
–– |
|
|
|
–– |
|
|
|
178 |
|
|
|
–– |
|
|
|
(658 |
) |
|
|
(95 |
) |
|
Other
unallocated(g)
|
|
|
–– |
|
|
|
–– |
|
|
|
–– |
|
|
|
–– |
|
|
|
(309 |
) |
|
|
(585 |
) |
|
|
|
$ |
16,984 |
|
|
$ |
17,132 |
|
|
$ |
2,237 |
|
|
$ |
2,181 |
|
|
$ |
3,682 |
|
|
$ |
3,926 |
|
|
Six Months Ended:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Primary
Care
|
|
$ |
11,311 |
|
|
$ |
11,789 |
|
|
$ |
627 |
|
|
$ |
775 |
|
|
$ |
7,357 |
|
|
$ |
8,137 |
|
|
Specialty
Care and Oncology
|
|
|
8,276 |
|
|
|
8,002 |
|
|
|
722 |
|
|
|
741 |
|
|
|
5,459 |
|
|
|
5,390 |
|
|
Established
Products and Emerging Markets
|
|
|
9,277 |
|
|
|
9,736 |
|
|
|
135 |
|
|
|
97 |
|
|
|
4,965 |
|
|
|
5,916 |
|
|
Animal
Health and Consumer Healthcare
|
|
|
3,503 |
|
|
|
3,080 |
|
|
|
207 |
|
|
|
203 |
|
|
|
1,003 |
|
|
|
879 |
|
|
Total
reportable segments
|
|
|
32,367 |
|
|
|
32,607 |
|
|
|
1,691 |
|
|
|
1,816 |
|
|
|
18,784 |
|
|
|
20,322 |
|
|
Nutrition
and other business activities(b)
|
|
|
1,119 |
|
|
|
1,101 |
|
|
|
1,724 |
|
|
|
1,769 |
|
|
|
(1,481 |
) |
|
|
(1,521 |
) |
|
Reconciling
Items:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Corporate(c)
|
|
|
–– |
|
|
|
–– |
|
|
|
661 |
|
|
|
782 |
|
|
|
(3,307 |
) |
|
|
(3,533 |
) |
|
Purchase
accounting adjustments(d)
|
|
|
–– |
|
|
|
–– |
|
|
|
–– |
|
|
|
15 |
|
|
|
(3,521 |
) |
|
|
(4,939 |
) |
|
Acquisition-related
costs(e)
|
|
|
–– |
|
|
|
–– |
|
|
|
4 |
|
|
|
20 |
|
|
|
(1,170 |
) |
|
|
(1,900 |
) |
|
Certain
significant items(f)
|
|
|
–– |
|
|
|
–– |
|
|
|
248 |
|
|
|
–– |
|
|
|
(1,866 |
) |
|
|
(278 |
) |
|
Other
unallocated(g)
|
|
|
–– |
|
|
|
–– |
|
|
|
–– |
|
|
|
–– |
|
|
|
(639 |
) |
|
|
(1,076 |
) |
| |
|
$ |
33,486 |
|
|
$ |
33,708 |
|
|
$ |
4,328 |
|
|
$ |
4,402 |
|
|
$ |
6,800 |
|
|
$ |
7,075 |
|
|
(a)
|
Income
from continuing operations before provision for taxes on
income.
|
|
(b)
|
Other
business activities includes the revenues and operating results of
Pfizer CentreSource, our contract manufacturing and bulk
pharmaceutical chemical sales operation, and the research and
development costs managed by our Worldwide Research and Development
organization and our Pfizer Medical organization.
|
|
(c)
|
Corporate includes,
among other things, administration expenses, interest
income/(expense), certain performance-based and all share-based
compensation expenses.
|
|
(d)
|
Significant
impacts of purchase accounting include charges related to the fair
value adjustments to inventory, intangible assets and property,
plant and equipment.
|
|
(e)
|
Acquisition-related
costs can include costs associated with acquiring businesses and,
integrating and restructuring acquired businesses, such as
transaction costs, integration costs, restructuring charges and
additional depreciation associated with asset restructuring (see
Note 5. Costs
Associated with Cost-Reduction and Productivity Initiatives and
Acquisition Activity for additional
information).
|
|
(f)
|
Certain
significant items are substantive, unusual items that, either as a
result of their nature or size, we would not expect to occur as
part of our normal business on a regular basis. Such items
primarily include restructuring charges and implementation costs
associated with our cost-reduction and productivity initiatives
that are not associated with an acquisition, the impact of certain
tax and/or legal settlements and certain asset
impairments.
|
|
|
For
the second quarter of 2011, certain significant items related to
(a) R&D expenses, representing implementation costs and
additional depreciation––asset restructuring associated
with our cost-reduction and productivity initiatives that are not
associated with an acquisition and (b) earnings, including: (i)
restructuring charges and implementation costs associated with our
cost-reduction and productivity initiatives that are not associated
with an acquisition of $256 million, (ii) charges for certain legal
matters of $53 million, (iii) certain asset impairment charges of
$332 million and (iv) other charges of $17 million (see
Note 5. Costs
Associated with Cost-Reduction and Productivity Initiatives and
Acquisition Activity and Note 6. Other
(Income)/Deductions––Net for additional
information).
|
|
|
For
the second quarter of 2010, certain significant items related to
earnings included: (i) asset impairment charges of $200 million and
(ii) other income of $105 million.
|
|
|
For
the first six months of 2011, certain significant items related to
(a) R&D expenses, representing implementation costs and
additional depreciation––asset restructuring associated
with our cost-reduction and productivity initiatives that are not
associated with an acquisition and (b) earnings, including: (i)
restructuring charges and implementation costs associated with our
cost-reduction and productivity initiatives that are not associated
with an acquisition of $828 million, (ii) charges for certain legal
matters of $525 million, (iii) certain asset impairment charges of
$489 million and (iv) other charges of $24 million (see
Note 5. Costs
Associated with Cost-Reduction and Productivity Initiatives and
Acquisition Activity and Note 6. Other
(Income)/Deductions––Net for additional
information).
|
|
|
For
the first six months of 2010, certain significant items included:
(i) asset impairment charges of $200 million, (ii) charges for
certain legal matters of $142 million, and (iii) other income of
$64 million.
|
|
(g)
|
Includes
overhead expenses associated with our manufacturing and commercial
operations not directly attributable to an operating
segment.
|
|
| Schedule of Revenue by Products [Text Block] |
Significant
product revenues follow:
| |
|
Three
Months Ended
|
|
|
Six
Months Ended
|
|
|
(millions of dollars)
|
|
July
3,
2011
|
|
|
July
4,
2010
|
|
|
July
3,
2011
|
|
|
July
4,
2010
|
|
|
Revenues from biopharmaceutical products:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lipitor
|
|
$ |
2,591 |
|
|
$ |
2,813 |
|
|
$ |
4,976 |
|
|
$ |
5,570 |
|
|
Prevnar/Prevenar
13
|
|
|
821 |
|
|
|
569 |
|
|
|
1,817 |
|
|
|
855 |
|
|
Enbrel(a)
|
|
|
914 |
|
|
|
808 |
|
|
|
1,784 |
|
|
|
1,610 |
|
|
Lyrica
|
|
|
908 |
|
|
|
762 |
|
|
|
1,734 |
|
|
|
1,485 |
|
|
Celebrex
|
|
|
622 |
|
|
|
604 |
|
|
|
1,213 |
|
|
|
1,174 |
|
|
Viagra
|
|
|
495 |
|
|
|
491 |
|
|
|
965 |
|
|
|
970 |
|
|
Norvasc
|
|
|
375 |
|
|
|
422 |
|
|
|
731 |
|
|
|
790 |
|
|
Xalatan/Xalacom
|
|
|
291 |
|
|
|
449 |
|
|
|
683 |
|
|
|
871 |
|
|
Zyvox
|
|
|
325 |
|
|
|
299 |
|
|
|
644 |
|
|
|
591 |
|
|
Sutent
|
|
|
296 |
|
|
|
255 |
|
|
|
572 |
|
|
|
514 |
|
|
Premarin
family
|
|
|
255 |
|
|
|
260 |
|
|
|
490 |
|
|
|
516 |
|
|
Geodon/Zeldox
|
|
|
258 |
|
|
|
247 |
|
|
|
490 |
|
|
|
501 |
|
|
Detrol/Detrol
LA
|
|
|
230 |
|
|
|
260 |
|
|
|
455 |
|
|
|
521 |
|
|
Genotropin
|
|
|
230 |
|
|
|
233 |
|
|
|
439 |
|
|
|
439 |
|
|
Chantix/Champix
|
|
|
190 |
|
|
|
170 |
|
|
|
389 |
|
|
|
359 |
|
|
Vfend
|
|
|
192 |
|
|
|
207 |
|
|
|
387 |
|
|
|
395 |
|
|
Effexor
XR
|
|
|
168 |
|
|
|
621 |
|
|
|
372 |
|
|
|
1,337 |
|
|
Zosyn/Tazocin
|
|
|
162 |
|
|
|
230 |
|
|
|
341 |
|
|
|
494 |
|
|
BeneFIX
|
|
|
176 |
|
|
|
164 |
|
|
|
340 |
|
|
|
318 |
|
|
Prevnar/Prevenar
(7-valent)
|
|
|
155 |
|
|
|
331 |
|
|
|
308 |
|
|
|
851 |
|
|
Caduet
|
|
|
143 |
|
|
|
126 |
|
|
|
285 |
|
|
|
261 |
|
|
Zoloft
|
|
|
146 |
|
|
|
144 |
|
|
|
281 |
|
|
|
264 |
|
|
Pristiq
|
|
|
147 |
|
|
|
113 |
|
|
|
276 |
|
|
|
223 |
|
|
Medrol
|
|
|
135 |
|
|
|
113 |
|
|
|
256 |
|
|
|
222 |
|
|
Revatio
|
|
|
130 |
|
|
|
122 |
|
|
|
253 |
|
|
|
236 |
|
|
Zithromax/Zmax
|
|
|
114 |
|
|
|
110 |
|
|
|
242 |
|
|
|
213 |
|
|
ReFacto
AF/Xyntha
|
|
|
123 |
|
|
|
98 |
|
|
|
240 |
|
|
|
188 |
|
|
Aromasin
|
|
|
95 |
|
|
|
122 |
|
|
|
209 |
|
|
|
250 |
|
|
Aricept(b)
|
|
|
106 |
|
|
|
103 |
|
|
|
205 |
|
|
|
210 |
|
|
Cardura
|
|
|
101 |
|
|
|
110 |
|
|
|
197 |
|
|
|
217 |
|
|
BMP2
|
|
|
101 |
|
|
|
99 |
|
|
|
194 |
|
|
|
197 |
|
|
Rapamune
|
|
|
100 |
|
|
|
97 |
|
|
|
189 |
|
|
|
188 |
|
|
Fragmin
|
|
|
97 |
|
|
|
84 |
|
|
|
188 |
|
|
|
174 |
|
|
Tygacil
|
|
|
75 |
|
|
|
88 |
|
|
|
148 |
|
|
|
172 |
|
|
Protonix
|
|
|
44 |
|
|
|
174 |
|
|
|
103 |
|
|
|
332 |
|
|
Alliance
revenues(c)
|
|
|
875 |
|
|
|
1,061 |
|
|
|
1,759 |
|
|
|
2,065 |
|
|
All
other biopharmaceutical products
|
|
|
2,454 |
|
|
|
2,062 |
|
|
|
4,709 |
|
|
|
3,954 |
|
|
Total
revenues from biopharmaceutical products
|
|
|
14,640 |
|
|
|
15,021 |
|
|
|
28,864 |
|
|
|
29,527 |
|
|
Revenues from other products:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Animal
Health
|
|
|
1,055 |
|
|
|
893 |
|
|
|
2,037 |
|
|
|
1,739 |
|
|
Consumer
Healthcare
|
|
|
721 |
|
|
|
678 |
|
|
|
1,466 |
|
|
|
1,341 |
|
|
Nutrition
|
|
|
493 |
|
|
|
476 |
|
|
|
963 |
|
|
|
934 |
|
|
Pfizer
CentreSource
|
|
|
75 |
|
|
|
64 |
|
|
|
156 |
|
|
|
167 |
|
|
Total
revenues
|
|
$ |
16,984 |
|
|
$ |
17,132 |
|
|
$ |
33,486 |
|
|
$ |
33,708 |
|
|
(a)
|
Outside
the U.S. and Canada.
|
|
(b)
|
Represents
direct sales under license agreement with Eisai Co.,
Ltd.
|
|
(c)
|
Enbrel
(in the U.S. and Canada), Aricept, Exforge, Rebif and
Spiriva.
|
|
| Schedule of Revenues by Geographic Area [Text Block] |
Revenues
by geographic area follow:
| |
|
Three
Months Ended
|
|
|
Six
Months Ended
|
|
|
(millions of dollars)
|
|
July
3,
2011
|
|
|
July
4,
2010
|
|
|
%
Change
|
|
|
July
3,
2011
|
|
|
July
4,
2010
|
|
|
%
Change
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United
States
|
|
$ |
6,700 |
|
|
$ |
7,333 |
|
|
|
(9 |
) |
|
$ |
13,724 |
|
|
$ |
14,598 |
|
|
|
(6 |
) |
|
Developed
Europe(a)
|
|
|
4,265 |
|
|
|
4,056 |
|
|
|
5 |
|
|
|
8,149 |
|
|
|
8,317 |
|
|
|
(2 |
) |
|
Developed
Rest of World(b)
|
|
|
2,673 |
|
|
|
2,693 |
|
|
|
(1 |
) |
|
|
5,219 |
|
|
|
4,995 |
|
|
|
4 |
|
|
Emerging
Markets(c)
|
|
|
3,346 |
|
|
|
3,050 |
|
|
|
10 |
|
|
|
6,394 |
|
|
|
5,798 |
|
|
|
10 |
|
|
Total
Revenues
|
|
$ |
16,984 |
|
|
$ |
17,132 |
|
|
|
(1 |
) |
|
$ |
33,486 |
|
|
$ |
33,708 |
|
|
|
(1 |
) |
|
(a)
|
Developed
Europe region includes the following markets: Western Europe and
the Scandinavian countries.
|
|
(b)
|
Developed
Rest of World region includes the following markets: Australia,
Canada, Japan, New Zealand and South Korea.
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(c)
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Emerging
Markets region includes, but is not limited to, the following
markets: Asia (excluding Japan and South Korea), Latin
America, Middle East, Africa, Central and Eastern Europe and
Turkey.
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