10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
PFIZER INC | |||
Ticker: PFE Fiscal Year: 2018 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 28, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Net income before allocation to noncontrolling interests | $ 11,188 | 21,355 | 7,246 |
| Foreign currency translation adjustments, net | (799) | 1,116 | (815) |
| Reclassification adjustments | (22) | 162 | 0 [1] |
| Other comprehensive income (loss), foreign currency transaction and translation adjustment, before tax, total | (821) | 1,278 | (815) |
| Unrealized holding gains/(losses) on derivative financial instruments, net | 220 | (10) | (442) |
| Reclassification adjustments for (gains)/losses included in net income(b) | 27 | (520) | 452 |
| Other comprehensive income (loss), derivatives qualifying as hedges, before tax, total | 247 | (530) | 10 |
| Unrealized holding gains/(losses) on available-for-sale securities, net | (185) | 818 | 248 |
| Reclassification adjustments for (gains)/losses included in net income | 124 | (244) | (118) [2] |
| Reclassification adjustments for unrealized gains included in Retained earnings | (462) | 0 | 0 |
| Other comprehensive income (loss), available-for-sale securities adjustment, before tax, total | (522) | 574 | 130 |
| Benefit plans: actuarial losses, net | (649) | (212) | (1,888) |
| Reclassification adjustments related to amortization | 242 | 588 | 558 |
| Reclassification adjustments related to settlements, net | 142 | 117 | 127 |
| Other | 112 | (145) | 195 |
| Defined benefit Plan, amounts recognized in other comprehensive income (loss), net gain (loss), before tax, total | (153) | 348 | (1,009) |
| Benefit plans: prior service (costs)/credits and other, net | (9) | (2) | 184 |
| Reclassification adjustments related to amortization | (181) | (184) | (173) [3] |
| Reclassification adjustments related to curtailments, net | (19) | (18) | (26) |
| Other | 2 | 0 | 6 |
| Defined benefit plan, amounts recognized in other comprehensive income (loss), net prior service cost, before tax | (207) | (203) | (8) |
| Other comprehensive income/(loss), before tax | (1,457) | 1,468 [4] | (1,692) |
| Tax provision/(benefit) on other comprehensive income/(loss) | 518 [5] | (262) | (174) |
| Other comprehensive income/(loss) before allocation to noncontrolling interests | (1,975) | 1,730 | (1,518) |
| Comprehensive income before allocation to noncontrolling interests | 9,214 | 23,085 | 5,728 |
| Less: Comprehensive income attributable to noncontrolling interests | 16 | 62 | 28 |
| Comprehensive income attributable to Pfizer Inc. | 9,198 | 23,023 | 5,701 |
| [1] For the year ended December 31, 2017, the foreign currency translation adjustments reclassified into Other (income)/deductionsnet in the consolidated statement of income primarily result from the sale of our 40% ownership investment in Teuto and the sale of our 49% equity share in Hisun Pfizer. See Note 2F. Acquisitions, Divestitures, Assets and Liabilities Held for Sale, Licensing Arrangements, Research and Development and Collaborative Arrangements, Equity-Method Investments and Privately Held Investment | |||
| [2] Reclassified into Other (income)/deductionsnet and Cost of sales in the consolidated statements of income. For additional information on amounts reclassified into Cost of sales, see Note 7F. Financial Instruments: Derivative Financial Instruments and Hedging Activities. | |||
| [3] For additional information, see Note 1B. Basis of Presentation and Significant Accounting Policies: Adoption of New Accounting Standards in 2018. | |||
| [4] Amounts may not add due to rounding. | |||
| [5] See Note 5E. Tax Matters: Tax Provision/(Benefit) on Other Comprehensive Income/(Loss). | |||
| External Links | |
| PFIZER INC (PFE) Fiscal Year 2018 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |