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USD ($)
USD ($) / shares
$Cur_3mos_20110403http://www.sec.gov/CIK0000078003duration2011-01-01T00:00:002011-04-03T00:00:00USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170USDperShareDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0SharesStandardhttp://www.xbrl.org/2003/instancesharesxbrli0PercentStandardhttp://www.xbrl.org/2003/instancepurexbrli0USDUSD$2true0us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsefalsefalseOtherxbrli:stringItemTypestringNo definition available.falsefalse3false0us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
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<div style="display: block; text-indent: 0pt; margin-left: 0pt; MARGIN-RIGHT: 0pt" align="left">
<a name="xbrlnote1"><b><u><font style="DISPLAY: inline; TEXT-DECORATION: underline">Note
1. Basis of Presentation</font></u></b></a>
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<br/>
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<div style="display: block; text-indent: 0pt; margin-left: 0pt; MARGIN-RIGHT: 0pt" align="left">
<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
prepared the condensed consolidated financial statements following the
requirements of the Securities and Exchange Commission (SEC) for
interim reporting. As permitted under those rules, certain footnotes
or other financial information that are normally required by
accounting principles generally accepted in the United States of
America (U.S. GAAP) can be condensed or omitted. Balance sheet amounts
and operating results for subsidiaries operating outside the U.S. are
as of and for the three-month periods ended February 27, 2011, and
February 28, 2010. We have made certain reclassification adjustments
to conform prior-period amounts to the current presentation, primarily
related to discontinued operations (see </font><i><font style="DISPLAY: inline; FONT-STYLE: italic">Note
4. Discontinued Operations</font></i><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">)
and segment reporting (see </font><i><font style="DISPLAY: inline; FONT-STYLE: italic">Note
15. Segment, Product and Geographic Area Information</font></i><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">).</font>
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<div style="display: block; text-indent: 0pt; margin-left: 0pt; MARGIN-RIGHT: 0pt" align="left">
<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
January 31, 2011, we completed the tender offer for all of the
outstanding shares of common stock of King Pharmaceuticals, Inc.
(King) and acquired approximately 92.5% of the outstanding shares for
approximately $3.3 billion in cash. On February 28, 2011, we acquired
the remaining outstanding shares of King for approximately $300
million in cash (for additional information, see </font><i><font style="FONT-STYLE: italic">Note
3. Acquisition of King Pharmaceuticals, Inc.)</font></i><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
Commencing from January 31, 2011, our financial statements include the
assets, liabilities, operating results and cash flows of King. As a
result, and in accordance with our domestic and international
reporting periods, our condensed consolidated financial statements for
the quarter ended April 3, 2011 reflect approximately two months of
King’s U.S. operations and approximately one month of King’s
international operations.</font>
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<br/>
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<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Revenues,
expenses, assets and liabilities can vary during each quarter of the
year. Therefore, the results and trends in these interim financial
statements may not be representative of those for the full year.</font>
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<br/>
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<div style="display: block; text-indent: 0pt; margin-left: 0pt; MARGIN-RIGHT: 0pt" align="left">
<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
are responsible for the unaudited financial statements included in
this document.  The financial statements include all normal and
recurring adjustments that are considered necessary for the fair
presentation of our financial position and operating results.</font>
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<br/>
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<div style="display: block; text-indent: 0pt; margin-left: 0pt; MARGIN-RIGHT: 0pt" align="left">
<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
information included in this Quarterly Report on Form 10-Q should be
read in conjunction with the consolidated financial statements and
accompanying notes included in our Annual Report on Form 10-K for the
year ended </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">December
31, 2010.</font>
</div>
</div>
</div>Note
1. Basis of Presentation
We
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