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<p class="MsoNormal" style="font-size: 10pt; margin: 0in 0.9pt 0pt 0in; font-family: 'Times New Roman','serif'; text-align: left;" align="left">Note 2: Implementation of New Financial Accounting Pronouncements </p>
<p class="MsoNormal" style="font-size: 10pt; margin: 0in 0.9pt 0pt 0in; font-family: 'Times New Roman','serif'; text-align: left;" align="left"> </p>
<p class="MsoNormal" style="font-size: 10pt; margin: 0in 0.9pt 0pt 0in; font-family: 'Times New Roman','serif'; text-align: left;" align="left">In 2010, the Financial Accounting Standards Board (FASB) issued an Accounting Standard Update (ASU) that applies to the nondeductible annual fee that will be imposed on pharmaceutical manufacturers and importers that sell branded prescription drugs to specified government programs as part of U.S. health care reform. This fee is allocated to companies based on their prior calendar year market share for branded prescription drug sales into these government programs. This guidance clarifies how pharmaceutical manufacturers should recognize and classify in their income statements fees mandated by U.S. Health Care Reform. This fee will be recorded as selling, general and administrative expense in our consolidated results of operations and will be amortized on a straight-line basis for the year. This guidance is effective for us January 1, 2011 and will not have a material impact on our consolidated financial position or results of operations.</p>
<p class="MsoNormal" style="font-size: 10pt; margin: 0in 0.9pt 0pt 0in; font-family: 'Times New Roman','serif'; text-align: left;" align="left"> </p>
<p class="MsoNormal" style="font-size: 10pt; margin: 0in 0.9pt 0pt 0in; font-family: 'Times New Roman','serif'; text-align: left;" align="left">In 2010, the FASB issued an ASU related to Revenue Recognition that applies to arrangements with milestones relating to research or development deliverables. This guidance provides criteria that must be met to recognize consideration that is contingent upon achievement of a substantive milestone in its entirety in the period in which the milestone is achieved. This guidance is effective for us January 1, 2011 and is not expected to have a material impact to our consolidated financial position or results of operations.</p>
<p class="MsoNormal" style="font-size: 10pt; margin: 0in 0.9pt 0pt 0in; font-family: 'Times New Roman','serif'; text-align: left;" align="left"> </p>
<p class="MsoNormal" style="font-size: 10pt; margin: 0in 0.9pt 0pt 0in; font-family: 'Times New Roman','serif'; text-align: left;" align="left">In 2009, the FASB issued an ASU related to Revenue Recognition that amends the previous guidance on arrangements with multiple deliverables. This guidance provides principles and application guidance on whether multiple deliverables exist, how the arrangements should be separated, and how the consideration should be allocated. It also clarifies the method to allocate revenue in an arrangement using the estimated selling price. This guidance is effective for us January 1, 2011, and is not expected to have a material impact to our consolidated financial position or results of operations.</p>
<p class="MsoNormal" style="font-size: 10pt; margin: 0in 0.9pt 0pt 0in; font-family: 'Times New Roman','serif'; text-align: left;" align="left"> </p>
<p class="MsoNormal" style="font-size: 10pt; margin: 0in 0.9pt 0pt 0in; font-family: 'Times New Roman','serif'; text-align: left;" align="left">We adopted the FASB Statement on Transfers and Servicing, an amendment of previous authoritative guidance. The most significant amendments resulting from this Statement consist of the removal of the concept of a qualifying special-purpose entity (SPE) from previous authoritative guidance, and the elimination of the exception for qualifying SPEs from the Consolidation guidance regarding variable interest entities. This Statement was effective for us January 1, 2010, and had no effect on our consolidated financial position or results of operations.</p>
<p class="MsoNormal" style="font-size: 10pt; margin: 0in 0.9pt 0pt 0in; font-family: 'Times New Roman','serif'; text-align: left;" align="left"> </p>
<p class="MsoNormal" style="font-size: 10pt; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; text-align: left;" align="left">We adopted the FASB Statement that amended the previous Consolidations guidance regarding variable interest entities and addressed the effects of eliminating the qualifying SPE concept from the guidance on Transfers and Servicing. This Statement responded to concerns about the application of certain key provisions of the previous guidance on Consolidations regarding variable interest entities, including concerns over the transparency of enterprises' involvement with variable interest entities. This Statement was effective for us January 1, 2010, and had no effect on our consolidated financial position or results of operations.</p></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div> </div>Note 2: Implementation of New Financial Accounting Pronouncements
In 2010, the Financial Accounting Standards Board (FASB) issued an AccountingfalsefalsefalsefalsefalseOtherus-types:textBlockItemTypestringRepresents disclosure of any changes in an accounting principle, including a change from one generally accepted accounting principle to another generally accepted accounting principle when there are two or more generally accepted accounting principles that apply or when the accounting principle formerly used is no longer generally accepted. Also disclose any change in the method of applying an accounting principle, or any change in an accounting principle required by a new pronouncement in the unusual instance that a new pronouncement does not include specific transition provisions.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 154
-Paragraph 2, 17, 18
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 28
-Paragraph 23, 24
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 01
-Paragraph b
-Subparagraph 6
-Article 10
falsefalse12Implementation of New Financial Accounting PronouncementsUnKnownUnKnownUnKnownUnKnownfalsetrue
