v3.7.0.1
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net product sales $ 869 $ 700
Other Revenue 1 1
Revenue, Net 870 701
Cost of sales 69 59
Operating expenses:    
Research and development 219 176
Selling, general and administrative 262 233
Amortization of Intangible Assets Acquired 80 80
Change in fair value of contingent consideration 4 (15)
Acquisition-related costs 0 1
Restructuring expenses 24 1
Total operating expenses 589 476
Operating income 212 166
Other income and expense:    
Investment income 4 1
Interest expense (24) (24)
Other income 2 0
Income before income taxes 194 143
Income tax expense 24 51
Net income $ 170 $ 92
Earnings per common share    
Basic $ 0.76 $ 0.41
Diluted $ 0.75 $ 0.41
Shares used in computing earnings per common share    
Basic 224 225
Diluted 226 227