Pfizer (PFE)

Company ID: 24 | CIK: 0000078003
10-Q view:
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Segments are charted by their disclosed metrics (revenue, segment profit, etc.). Each line is a single segment. Reconciliation/corporate items are excluded. Major customers are shown as a percentage of revenue. Operational KPIs are grouped by metric concept; sub-metrics appear as separate lines.

Geographic Segments

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Business Unit / Product Segments

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Major Customers (% of Revenue)

Operational KPIs

Deferred revenues (backlog)

Manufacturing plants (capacity)

Cash and cash equivalents (cash_and_equivalents)

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Asbestos claims (claims_count)

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Common Stockholders (customers)

Countries and territories supplied (customers_served)

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GEP amortization of intangible assets (depreciation_amortization)

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Cash dividends declared per share (dividends_per_share)

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Effective tax rate (effective_tax_rate)

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Recognitions given (engagement)

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Goodwill (goodwill)

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Employees (headcount)

Identifiable intangible assets (intangible_assets)

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GEP noncurrent inventories (inventory_units)

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Long-term debt (long_term_debt)

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BNT162b2 doses contracted (order_book)

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Additional U.S. Government doses ordered (orders_received)

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Accounts payable (other)

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Accounts receivable (other)

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Accruals for revenue deductions (other)

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Accruals for revenue deductions - Other current liabilities (other)

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Accruals for revenue deductions - Other noncurrent liabilities (other)

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Accruals for revenue deductions - Trade accounts receivable (other)

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Accrued compensation (other)

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Accrued compensation and related items (other)

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Accrued rebates (other)

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Accumulated amortization of finite-lived intangible assets (other)

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Accumulated amortization of identifiable intangible assets (other)

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Accumulated amortization of intangibles (other)

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Accumulated other comprehensive loss (other)

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Accumulated other comprehensive loss - Actuarial Gains/(Losses) (other)

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Accumulated other comprehensive loss - Available-For-Sale Securities (other)

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Accumulated other comprehensive loss - Derivative Financial Instruments (other)

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Accumulated other comprehensive loss - Foreign Currency Translation Adjustments (other)

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Accumulated other comprehensive loss - Prior Service (Costs)/Credits and Other (other)

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Acquisition-related costs (other)

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Actuarial gains/losses (other)

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Additional paid-in capital (other)

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Additional workforce reduction accruals (other)

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Adjusted Cost of Sales Guidance (other)

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Adjusted Diluted EPS Guidance (other)

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Adjusted Other (Income)/Deductions Guidance (other)

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Adjusted R&D Guidance (other)

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Adjusted Revenues Guidance (other)

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Adjusted SI&A Guidance (other)

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Adjusted cost of sales guidance (other)

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Adjusted diluted EPS (other)

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Adjusted diluted EPS guidance (other)

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Adjusted other (income)/deductions guidance (other)

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Adjusted research and development expenses guidance (other)

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Adjusted selling, informational and administrative expenses guidance (other)

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Advertising expense (other)

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Advertising expenses (other)

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Aggregate Market Value of Voting Stock (other)

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Aggregate fair value of derivative instruments in a net liability position (other)

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Aggregate gross accounts receivable from challenging European markets (other)

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Aggregate notional amount of FX derivatives (other)

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Aggregate notional amount of foreign exchange derivative financial instruments (other)

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Aggregate notional amount of foreign exchange derivatives (other)

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Aggregate notional amount of interest rate derivative financial instruments (other)

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Aggregate notional amount of interest rate derivatives (other)

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Alliance agreements (other)

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Alliance revenue (other)

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Alliance revenues (other)

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Alliances (other)

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Allowance for doubtful accounts (other)

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Amortization expense (other)

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Amortization of intangible assets (other)

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Amounts due from bank counterparties (other)

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Amounts payable to BioNTech (other)

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Animal Health revenue (other)

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Animal health R&D programs (other)

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Annual cost savings from 2014-2016 program (other)

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Annual cost savings from Hospira acquisition (other)

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Annual cost synergies targeted (other)

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Annualized cost savings (other)

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Annualized efficiency benefit (other)

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Annualized restructuring benefit (other)

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Anticipated annual cost synergies (other)

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Anticipated cost savings (other)

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Anticipated negative impact of foreign exchange on adjusted diluted EPS (other)

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Anticipated negative impact of foreign exchange on revenues (other)

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Anticipated negative revenue impact from generic and biosimilar competition (other)

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Anticipated net cost savings (other)

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Application software count (other)

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Aricept countries launched (other)

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Aricept market share (other)

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Aricept sales (other)

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Asbestos Claims Pending (other)

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Asbestos claims pending (other)

Asbestos personal injury claims pending (other)

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Assumed diluted weighted-average shares outstanding for 2017 guidance (other)

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AtS cost savings (other)

AtS restructuring accrual (other)

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AtS total costs (other)

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Available-for-sale debt securities (other)

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Available-for-sale equity securities (other)

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Available-for-sale money market funds (other)

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Available-for-sale securities (other)

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Average price paid per share (other)

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Average share repurchase price (other)

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BNT162b2 2021 revenue forecast (other)

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BNT162b2 deferred revenues (other)

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BNT162b2 revenue forecast (other)

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Baxter goodwill (other)

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Baxter identifiable intangible assets (other)

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Baxter vaccines acquisition price (other)

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Benefit plans: actuarial losses (other)

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Benefit plans: prior service costs/credits (other)

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Best-selling medicines (other)

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Bextra market share (other)

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Bextra new prescription share (other)

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Billion-dollar products (other)

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Biopharma products over $1B (other)

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Biopharmaceutical products >$1B sales (other)

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Biosimilars revenues (other)

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Blockbuster products (other)

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Branded prescription growth (other)

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Brands (finite-lived) (other)

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Brands (indefinite-lived) (other)

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Brands and other (indefinite-lived) (other)

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CAD to USD Exchange Rate (other)

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CENCOEX exchange rate (other)

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CNS product sales (other)

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COVID-19 revenue impact (other)

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COVID-19 vaccine doses delivered (other)

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COVID-19 vaccine doses manufactured (other)

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COVID-19 vaccine second doses administered (other)

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COVID-19 vaccine trial enrollment (other)

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Caduet markets approved (other)

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Candidates advanced to Phase 1 (other)

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Candidates advanced to Phase 2 (other)

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Capital expenditures (other)

Capitalized interest (other)

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Capsugel revenue (other)

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Cardiovascular product sales (other)

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Cardura net sales (other)

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Cardura revenues (other)

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Carrying value of Hisun Pfizer investment (other)

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Cash and Cash Equivalents (other)

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Cash and cash equivalents (other)

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Cash and cash equivalents, beginning (other)

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Cash and cash equivalents, end (other)

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Cash collateral received (other)

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Cash dividends paid (other)

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Cash dividends paid per common share (other)

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Cash dividends paid per share (other)

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Category-leading products (other)

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Celebrex new prescription share (other)

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Celebrex worldwide sales (other)

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Certain significant items (other)

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Chantix/Champix prescriptions filled (other)

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Chargebacks (other)

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Clinical R&D Projects (other)

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Clinical R&D pipeline projects (other)

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Clinical R&D projects (other)

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Clinical development programs (other)

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Collateral posted (other)

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Colleagues feeling engaged (other)

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Comirnaty Revenue (other)

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Comirnaty deferred revenue (other)

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Comirnaty deferred revenues (other)

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Comirnaty doses to low/middle-income countries (other)

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Comirnaty forecasted revenue (other)

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Comirnaty revenue forecast (other)

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Commercial paper outstanding (other)

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Commercial paper support (other)

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Commercial structure reorganization costs (other)

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Committed lines of credit (other)

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Common Shares Outstanding (other)

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Common Stock Shares Outstanding (other)

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Common Stockholders (other)

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Common Stockholders of Record (other)

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Common shares outstanding (other)

Common shares purchased (other)

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Common shares repurchased (other)

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Common shares repurchased cumulative (other)

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Common stock (other)

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Common stock holders (other)

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Common stock outstanding (other)

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Common stock purchased (other)

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Common stock purchases (other)

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Common stock repurchased (other)

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Common stock shares outstanding (other)

Common stockholders of record (other)

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Compounds advanced (other)

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Compounds advanced from discovery to preclinical (other)

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Compounds advanced to preclinical (other)

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Comprehensive income (other)

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Concentration of credit risk (other)

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Consecutive quarterly dividends (other)

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Consumer Healthcare revenues (other)

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Consumer products revenue (other)

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Corporate debt (other)

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Corporate earnings (other)

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Corporate/Unallocated accrued compensation and related items (other)

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Corporate/Unallocated current tax assets (other)

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Corporate/Unallocated other current assets (other)

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Corporate/Unallocated other current liabilities (other)

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Corporate/Unallocated trade accounts payable (other)

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Cost of sales (other)

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Cost reduction costs incurred (other)

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Cost reduction program costs incurred (other)

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Cost reduction program spend (other)

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Cost savings achieved (other)

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Cost savings achieved from Hospira acquisition (other)

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Cost savings target (other)

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Cost synergies achieved (other)

Cost synergies from Pharmacia acquisition (other)

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Cost synergies realized (other)

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Cost-reduction costs incurred (other)

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Costs incurred for new initiatives (other)

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Costs incurred, 2017-2019 cost-reduction program (other)

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Countries (other)

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Countries Where We Sell (other)

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Countries above revenue threshold (other)

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Countries and territories served (other)

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Countries and territories supplied (other)

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Countries approved (other)

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Countries exceeding $500M revenue (other)

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Countries launched (other)

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Countries of operation (other)

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Countries of sale (other)

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Countries over $500M (other)

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Countries over $500M revenue (other)

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Countries served (other)

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Countries where products are sold (other)

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Countries where products sold (other)

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Countries with $10M+ sales (other)

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Countries with >$10M sales (other)

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Countries with >$500M revenue (other)

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Countries with >$500M revenues (other)

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Countries with Sales (other)

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Countries with net sales (other)

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Countries with net sales over $10 million (other)

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Countries with net sales over $100 million (other)

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Countries with operations (other)

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Countries with over $500 million in revenue (other)

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Countries with product sales (other)

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Countries with products available (other)

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Countries with revenue >$500M (other)

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Countries with revenue above $500 million (other)

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Countries with revenue over $500 million (other)

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Countries with revenue over $500M (other)

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Countries with revenues > $500M (other)

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Countries with revenues >$500M (other)

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Countries with sales (other)

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Countries with significant revenue (other)

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Cumulative cost of share repurchases (other)

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Cumulative ongoing annual cost savings from 2014-2016 program (other)

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Cumulative shares repurchased (other)

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Cumulative workforce reduction (other)

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Currency impact on sales (other)

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Current deferred tax assets (other)

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Current ratio (other)

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Current tax assets (other)

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Days of sales outstanding (other)

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Days sales outstanding (other)

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Debt securities maturities - Over 1 to 5 years (other)

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Debt securities maturities - Over 10 years (other)

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Debt securities maturities - Over 5 to 10 years (other)

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Debt securities maturities - Within 1 year (other)

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Debt to capitalization (other)

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Debt to total capitalization (other)

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Deferred Revenues (other)

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Deferred revenues (other)

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Deferred severance benefits (other)

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Deferred tax liabilities (other)

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Depot closures completed (other)

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Derivative assets (other)

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Derivative financial instruments (other)

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Derivative financial instruments in a liability position (other)

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Derivative financial instruments in a receivable position (other)

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Derivative liabilities (other)

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Detrol LA new prescription share (other)

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Detrol/Detrol LA new prescription share (other)

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Developed technology rights (other)

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Diflucan net sales (other)

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Diluted EPS (other)

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Diluted Weighted-Average Shares Guidance (other)

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Discovery projects (other)

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Discovery research projects (other)

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Dividend Per Share (other)

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Dividend declared per share (other)

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Dividend per share (other)

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Dividends declared per share (other)

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Dividends paid (other)

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Dividends paid per share (other)

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Dividends payable (other)

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Dogs treated (other)

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Drug candidates in development (other)

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Due from bank counterparties (other)

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EPA Penalty Demand (other)

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Early-stage compounds (other)

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Early-stage pipeline (other)

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Early/mid-stage compounds in development (other)

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Earnings per share (other)

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Effective Tax Rate Guidance (other)

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Effective tax rate (other)

Effective tax rate guidance (other)

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Effexor XR Damages (other)

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Effexor XR Net Liability (other)

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Effexor revenues (other)

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Eligible adults vaccinated (other)

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Employee termination costs accrual (other)

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Employees terminated (other)

Environment capex (other)

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Environment-related capital expenditures (other)

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Environment-related expenses (other)

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Environmental capex (other)

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Environmental capital expenditures (other)

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Environmental compliance capex (other)

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Environmental compliance expenses (other)

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Environmental expenditures (other)

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Environmental expenses (other)

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Environmental operating expenses (other)

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Environmental spending (other)

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EpiPen revenues (other)

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Equity attributable to noncontrolling interests (other)

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Equity per common share (other)

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Estimated remaining Year 2000 costs (other)

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Ethnically diverse U.S. employees (other)

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Ethnically diverse workforce (other)

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Exit costs accrual (other)

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Expected annual cost savings (other)

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Expected contributions from general assets - International Pension Plans (other)

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Expected contributions from general assets - Postretirement Plans (other)

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Expected contributions from general assets - U.S. Qualified Pension Plans (other)

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Expected contributions from general assets - U.S. Supplemental Pension Plans (other)

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Expected cost savings (other)

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Expected costs 2014-2016 (other)

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Expected pension contributions (other)

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Expected pension contributions 2014 (other)

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Expected pension plan contributions (other)

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Expected postretirement contributions (other)

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Expected postretirement contributions 2014 (other)

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Expected postretirement plan contributions (other)

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Expected restructuring costs (other)

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Expensed restructuring headcount (other)

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Facilities closed (other)

Fair value of long-term debt (other)

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Female workforce share (other)

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Field force reduction (other)

Finite-lived intangible assets (other)

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Forecasted 2023 revenues (other)

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Forecasted Comirnaty revenues (other)

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Forecasted Paxlovid revenues (other)

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Foreign currency forward-exchange contracts (liability) (other)

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Foreign currency forward-exchange contracts (receivable) (other)

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Foreign currency loss from Venezuela devaluation (other)

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Foreign currency swaps (liability) (other)

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Foreign currency swaps (receivable) (other)

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Foreign currency translation adjustments (other)

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Foreign exchange impact on revenue (other)

No 10-K data

Foreign exchange impact on revenues (other)

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GEP accrued compensation and related items (other)

No 10-K data

GEP cost of sales (other)

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GEP current tax assets (other)

No 10-K data

GEP earnings (other)

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GEP other (income)/deductions—net (other)

No 10-K data

GEP other current assets (other)

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GEP other current liabilities (other)

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GEP research and development expenses (other)

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GEP revenues (other)

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GEP selling, informational and administrative expenses (other)

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GEP trade accounts payable (other)

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GEP trade accounts receivable (other)

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GIP accrued compensation and related items (other)

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GIP cost of sales (other)

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GIP current tax assets (other)

No 10-K data

GIP earnings (other)

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GIP other (income)/deductions—net (other)

No 10-K data

GIP other current assets (other)

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GIP other current liabilities (other)

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GIP research and development expenses (other)

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GIP revenues (other)

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GIP selling, informational and administrative expenses (other)

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GIP trade accounts payable (other)

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GIP trade accounts receivable (other)

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Generic prescription share (other)

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Generic product share (other)

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Geodon new prescription share (other)

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Geodon prescription share (other)

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Global field force reduction (other)

Goodwill (other)

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Goodwill - EH (other)

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Goodwill - IH (other)

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Goodwill balance (other)

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Government National Mortgage Association and other U.S. government guaranteed asset-backed securities (other)

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Gross accounts receivable from challenging European markets (other)

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Gross accounts receivable — stressed European sovereigns (other)

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Gross carrying amount of finite-lived intangible assets (other)

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Gross carrying amount of identifiable intangible assets (other)

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Gross government receivables (other)

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Gross identifiable intangible assets (other)

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Guidance for 2017 adjusted cost of sales as a percentage of revenues (other)

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Guidance for 2017 adjusted diluted EPS (other)

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Guidance for 2017 adjusted other (income)/deductions (other)

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Guidance for 2017 adjusted research and development expenses (other)

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Guidance for 2017 adjusted selling, informational and administrative expenses (other)

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Guidance for 2017 effective tax rate on adjusted income (other)

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Guidance for 2017 revenues (other)

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HRT actions settled (other)

No 10-K data

Haleon ownership stake (other)

No 10-K data

Health care R&D expense ratio (other)

No 10-K data

Held-to-maturity debt securities (other)

No 10-K data

High-revenue countries (other)

No 10-Q data

Hisun Pfizer Indirect Retained Interest Gain (other)

No 10-K data

Hisun Pfizer Ownership (other)

No 10-K data

Hisun Pfizer Pre-tax Gain (other)

No 10-K data

Holders of record (other)

No 10-Q data

Hospira acquisition consideration (other)

No 10-K data

Hospira benefit obligations (other)

No 10-K data

Hospira cost savings achieved (other)

No 10-K data

Hospira goodwill (other)

No 10-K data

Hospira identifiable intangible assets (other)

No 10-K data

Hospira in-process R&D (other)

No 10-K data

Hospira long-term debt (other)

No 10-K data

Hospira net assets acquired (other)

No 10-K data

Hospira net income tax accounts (other)

No 10-K data

Hospira other noncurrent assets (other)

No 10-K data

Hospira other noncurrent liabilities (other)

No 10-K data

Hospira property, plant and equipment (other)

No 10-K data

Hospira working capital (other)

No 10-K data

Hospital products net sales (other)

No 10-K data

Hospital products sales (other)

No 10-K data

Hospital products sales growth (other)

No 10-K data

Human pharmaceutical revenue (other)

No 10-K data

IPR&D (other)

No 10-K data

Ibrance revenues (other)

No 10-K data

Identifiable Intangible Assets (other)

No 10-K data

Identifiable intangible assets (other)

No 10-K data

Identifiable intangible assets - Brands (finite-lived) - EH (other)

No 10-K data

Identifiable intangible assets - Brands (finite-lived) - IH (other)

No 10-K data

Identifiable intangible assets - Brands (indefinite-lived) - EH (other)

No 10-K data

Identifiable intangible assets - Brands (indefinite-lived) - IH (other)

No 10-K data

Identifiable intangible assets - EH (other)

No 10-K data

Identifiable intangible assets - IH (other)

No 10-K data

Identifiable intangible assets - IPR&D - EH (other)

No 10-K data

Identifiable intangible assets - IPR&D - IH (other)

No 10-K data

Identifiable intangible assets - IPR&D - WRD (other)

No 10-K data

Identifiable intangible assets - WRD (other)

No 10-K data

Implementation completion (other)

No 10-K data

Implementation progress (other)

No 10-K data

In-process R&D (other)

No 10-K data

Income taxes paid (other)

No 10-K data

Income taxes payable (other)

No 10-K data

Indefinite-lived intangible assets (other)

No 10-K data

Infectious disease product sales (other)

No 10-K data

Infusion Systems revenues (other)

No 10-K data

Inlyta revenues (other)

No 10-K data

Integration synergies (other)

No 10-K data

Integration-related synergies (other)

No 10-K data

Interest expense (other)

No 10-K data

Interest paid (other)

No 10-K data

Interest rate swaps (liability) (other)

No 10-K data

Interest rate swaps (receivable) (other)

No 10-K data

Internal manufacturing plants (other)

International revenue mix (other)

No 10-K data

International revenue share (other)

No 10-Q data

International share of total revenues (other)

No 10-K data

Inventory (other)

No 10-K data

Inventory on hand (other)

No 10-K data

Inventory turnover (other)

No 10-K data

Inventory write-offs (other)

No 10-K data

Invest-to-win pipeline compounds (other)

No 10-Q data

Key products sales share (other)

No 10-Q data

Largest wholesaler revenue concentration (other)

No 10-Q data

Late-stage drug candidates (other)

No 10-Q data

Late-stage new chemical entities (other)

No 10-Q data

Late-stage pipeline (other)

No 10-Q data

Late-stage pipeline candidates (other)

No 10-K data

Late-stage pipeline programs (other)

No 10-Q data

Legacy Established Products revenues (other)

No 10-K data

Legacy Hospira revenue contribution (other)

No 10-K data

Legacy Wyeth revenue contribution (other)

No 10-K data

Licensing agreements (other)

No 10-K data

Licensing agreements and other (other)

No 10-K data

Lines of credit available (other)

No 10-K data

Lipitor countries launched (other)

No 10-K data

Lipitor market share (other)

No 10-K data

Lipitor prescription growth (other)

No 10-K data

Lipitor prescription share (other)

No 10-K data

Lipitor revenues (other)

No 10-K data

Lipitor share advantage (other)

No 10-K data

Long-term Debt (other)

No 10-K data

Long-term debt (other)

No 10-K data

Long-term debt - 0.00% euro notes (other)

No 10-K data

Long-term debt - 0.25% euro notes (other)

No 10-K data

Long-term debt - 1.00% euro notes (other)

No 10-K data

Long-term debt - 3-month EURIBOR + 0.20% floating rate notes (other)

No 10-K data

Long-term debt - 4.20% notes (other)

No 10-K data

Long-term debt maturities (other)

No 10-K data

Long-term debt maturities - 2018 (other)

No 10-K data

Long-term debt maturities - 2019 (other)

No 10-K data

Long-term debt maturities - 2020 (other)

No 10-K data

Long-term debt maturities - 2021 (other)

No 10-K data

Long-term debt maturities - After 2021 (other)

No 10-K data

Long-term investments (other)

No 10-K data

Lyrica market share (other)

No 10-K data

Lyrica new prescription share (other)

No 10-K data

Lyrica prescription share (other)

No 10-K data

Lyrica revenues (other)

No 10-K data

Major research sites (other)

No 10-K data

Manufacturing plant network costs (other)

No 10-K data

Manufacturing plant network reduction (other)

No 10-K data

Manufacturing plant sites (other)

No 10-K data

Manufacturing plants (other)

Manufacturing sites (other)

Manufacturing sites rationalized (other)

No 10-K data

Manufacturing sites to exit (other)

No 10-K data

Market share (other)

No 10-K data

Market share prescriptions (other)

No 10-K data

Markets over $500M (other)

No 10-Q data

Medicaid and related state program rebates (other)

No 10-K data

Medicare rebates (other)

No 10-K data

Medicines leading therapeutic areas (other)

No 10-Q data

Merger cost savings (other)

No 10-K data

Merger restructuring reserve (other)

No 10-K data

Merger-related cost savings (other)

No 10-K data

Merger-related cost savings target (other)

No 10-K data

Merger-related cost synergies (other)

No 10-K data

Merger-related costs (other)

No 10-K data

Merger-related synergies (other)

No 10-K data

Metsera cost synergies (other)

No 10-K data

Money market funds (other)

No 10-K data

Months of inventory (other)

No 10-K data

Months of inventory on hand (other)

No 10-K data

Moody's commercial paper rating (other)

No 10-K data

Moody's long-term debt rating (other)

No 10-K data

Mortgage-backed securities (other)

No 10-K data

Mylotarg payment obligation (other)

No 10-K data

NMEs advanced to Phase 3 (other)

No 10-Q data

Net cash provided by operating activities (other)

No 10-K data

Net cash used in financing activities (other)

No 10-K data

Net cash used in investing activities (other)

No 10-K data

Net financial assets (other)

No 10-K data

Net finite-lived intangible assets (other)

No 10-K data

Net income (other)

No 10-K data

Net monetary assets in Venezuela (other)

No 10-K data

Net periodic benefit cost (other)

No 10-K data

Net periodic benefit income (other)

No 10-K data

Net receivables from Greek government (other)

No 10-K data

Net sales growth (other)

No 10-K data

Net sales per employee (other)

No 10-Q data

Neurontin Antitrust Settlement (other)

No 10-K data

Neurontin Settlement (other)

No 10-K data

Neurontin revenues (other)

No 10-K data

New Drug Applications intended (other)

No 10-Q data

New Drug Applications submitted (other)

No 10-Q data

New drug applications filed (other)

No 10-Q data

New drug candidates (other)

No 10-Q data

New drug candidates delivered to early development (other)

No 10-Q data

New prescription growth (other)

No 10-K data

New prescription share (other)

Nexium OTC Future Milestones (other)

No 10-K data

Nexium OTC Launch Milestone (other)

No 10-K data

Nexium OTC Upfront Payment (other)

No 10-K data

Non-monetary assets in Venezuela (other)

No 10-K data

Noncurrent deferred tax assets (other)

No 10-K data

Noncurrent deferred tax liabilities (other)

No 10-K data

Nonvested stock options (other)

No 10-K data

Norvasc net sales (other)

No 10-K data

Norvasc revenues (other)

No 10-K data

Number of Reportable Segments (other)

Operating cash flow (other)

No 10-Q data

Operational revenue growth (other)

No 10-K data

Other (income)/deductions—net (other)

No 10-K data

Other accruals for revenue deductions (other)

No 10-K data

Other asset-backed debt (other)

No 10-K data

Other business activities earnings (other)

No 10-K data

Other comprehensive income (other)

No 10-K data

Other cost of sales (other)

No 10-K data

Other cost-reduction initiatives (other)

No 10-K data

Other current assets (other)

No 10-K data

Other current liabilities (other)

No 10-K data

Other environmental expenses (other)

No 10-Q data

Other noncurrent assets (other)

No 10-K data

Other noncurrent liabilities (other)

No 10-K data

Other other (income)/deductions—net (other)

No 10-K data

Other research and development expenses (other)

No 10-K data

Other selling, informational and administrative expenses (other)

No 10-K data

Other taxes payable (other)

No 10-K data

Other unallocated (other)

No 10-K data

Outsourced manufacturing (other)

No 10-K data

Outsourced manufacturing share (other)

No 10-K data

Outsourced product manufacturing (other)

No 10-K data

Outstanding shares (other)

No 10-K data

Ownership percentage of Hisun Pfizer (other)

No 10-K data

Ownership percentage of ICU Medical (other)

No 10-K data

Ownership percentage of Teuto (other)

No 10-K data

Patients prescribed Chantix/Champix (other)

No 10-K data

Patients treated (other)

No 10-K data

Paxlovid Revenue (other)

No 10-K data

Paxlovid forecasted revenue (other)

No 10-K data

Paxlovid revenue forecast (other)

No 10-K data

Paxlovid treatment courses (other)

No 10-K data

Pending FDA filings (other)

No 10-K data

Pending New Drug Applications (other)

No 10-Q data

Pending asbestos claims (other)

No 10-K data

Pending claims (other)

No 10-K data

Pension benefit obligations (other)

No 10-K data

Pension plan contributions (other)

No 10-K data

Performance share awards outstanding (other)

No 10-K data

Performance-based contract rebates (other)

No 10-K data

Peri-LOE Products revenues (other)

No 10-K data

Peripheral stents sales (other)

No 10-K data

Pfizer CentreOne revenues (other)

No 10-K data

Pfizer asbestos cases (other)

No 10-K data

Pfizer talc cases (other)

No 10-K data

Pharmaceutical sales growth (other)

No 10-K data

Pharmacia restructuring headcount (other)

No 10-Q data

Phase 3 development programs (other)

No 10-Q data

Phase 3 portfolio programs (other)

No 10-Q data

Phase 3 programs (other)

Phase III Programs (other)

No 10-Q data

Phase III portfolio programs (other)

No 10-Q data

Phase III programs (other)

No 10-Q data

Pipeline candidates advanced (other)

No 10-Q data

Pipeline products in regulatory review (other)

No 10-K data

Pipeline programs (other)

No 10-K data

Pipeline projects (other)

No 10-Q data

Pipeline projects in development (other)

No 10-Q data

Plan participants (other)

No 10-Q data

Planned R&D spend (other)

No 10-K data

Planned manufacturing plants (other)

No 10-K data

Planned workforce reduction (other)

No 10-K data

Postretirement benefit obligations (other)

No 10-K data

Postretirement plan contributions (other)

No 10-K data

Pre-tax gain deferred in Accumulated other comprehensive loss (other)

No 10-K data

Pre-tax gain reclassified (other)

No 10-K data

Pre-tax loss deferred in AOCI (other)

No 10-K data

Pre-tax loss expected to be reclassified (other)

No 10-K data

Preferred stock (other)

No 10-K data

Preferred stock dividends (other)

No 10-K data

Premarin family revenues (other)

No 10-K data

Prescription growth (other)

No 10-K data

Prescription market share (other)

No 10-K data

Prescription share (other)

No 10-K data

Prescriptions written (other)

No 10-K data

Prevnar 13 adult vaccination coverage (other)

No 10-K data

Prevnar 13 approvals (other)

No 10-K data

Prevnar 13 countries (other)

No 10-K data

Prevnar 13 countries approved (other)

No 10-K data

Prevnar 13 countries launched (other)

No 10-K data

Prevnar 13 country approvals (other)

No 10-K data

Prevnar 13 country launches (other)

No 10-K data

Prevnar/Prevenar 13 revenues (other)

No 10-K data

Price impact on revenues (other)

No 10-K data

Primary therapeutic areas (other)

No 10-Q data

Prior service costs/credits (other)

No 10-K data

Priority late-stage share (other)

No 10-K data

Priority research share (other)

No 10-K data

Private equity securities (other)

No 10-K data

Procardia XL net sales (other)

No 10-K data

Product net sales (other)

No 10-K data

Product revenue (other)

No 10-K data

Product sales (other)

No 10-K data

Product sales growth (other)

No 10-K data

Production plants (other)

No 10-Q data

Products outsourced (other)

No 10-K data

Products outsourced manufacturing (other)

No 10-K data

Products over $1 billion (other)

No 10-Q data

Products over $1 billion in sales (other)

No 10-Q data

Products over $1B revenue (other)

No 10-Q data

Products over $2 billion in sales (other)

No 10-Q data

Products ranked #1 in therapeutic category (other)

No 10-Q data

Products ranked first (other)

No 10-Q data

Products under regulatory review (other)

No 10-K data

Products with $1B+ revenues (other)

No 10-Q data

Products with $1B+ sales (other)

No 10-Q data

Products with >$1B Revenue (other)

No 10-Q data

Products with >$1B revenue (other)

No 10-Q data

Products with >$1B sales (other)

No 10-Q data

Products with over $1 billion in sales (other)

No 10-Q data

Products with over $1 billion revenue (other)

No 10-Q data

Products with over $1B revenue (other)

No 10-Q data

Products with revenue over $1 billion (other)

No 10-Q data

Products with revenue over $1B (other)

No 10-Q data

Products with ≥$2B revenue (other)

No 10-Q data

Projects in Clinical R&D (other)

No 10-Q data

Projects in development (other)

No 10-Q data

Property, plant and equipment (other)

No 10-K data

Provision for taxes on income (other)

No 10-K data

Purchase accounting adjustments (other)

No 10-K data

Quigley asbestos cases (other)

No 10-K data

R&D Expense (other)

No 10-K data

R&D Expenses (other)

No 10-K data

R&D Investment (other)

No 10-K data

R&D Programs (other)

No 10-Q data

R&D Programs Phase 1 through Registration (other)

No 10-Q data

R&D Projects (other)

No 10-Q data

R&D Projects in Development (other)

No 10-Q data

R&D Spending (other)

No 10-K data

R&D budget (other)

No 10-K data

R&D discovery projects (other)

No 10-Q data

R&D expenditures (other)

No 10-Q data

R&D expense (other)

No 10-Q data

R&D expenses (other)

No 10-Q data

R&D investment (other)

No 10-Q data

R&D pipeline (other)

No 10-Q data

R&D pipeline compounds (other)

No 10-Q data

R&D pipeline projects (other)

No 10-Q data

R&D portfolio focus (other)

No 10-K data

R&D programs in Phase 1 through registration (other)

No 10-Q data

R&D projects (other)

No 10-Q data

R&D projects in Phase 1 through registration (other)

No 10-Q data

R&D projects in development (other)

No 10-Q data

R&D projects in pipeline (other)

No 10-Q data

R&D site transfers completed (other)

No 10-K data

R&D sites (other)

No 10-K data

R&D spending plan (other)

No 10-K data

Ratio of current assets to current liabilities (other)

No 10-K data

Ratio of earnings to fixed charges (other)

Rebate accruals (other)

No 10-K data

Rebate and chargeback accruals (other)

No 10-K data

Rebate impact on revenues (other)

No 10-K data

Rebates and chargebacks (other)

No 10-K data

Rebates and chargebacks accrual (other)

No 10-K data

Receivables in excess of one year (other)

No 10-K data

Receivables in excess of one year - Greece (other)

No 10-K data

Receivables in excess of one year - Italy (other)

No 10-K data

Receivables in excess of one year - Portugal (other)

No 10-K data

Receivables in excess of one year - Spain (other)

No 10-K data

Receivables in excess of one year from invoice date (other)

No 10-K data

Record holders (other)

No 10-Q data

Record holders of common stock (other)

No 10-Q data

Relpax prescription share (other)

No 10-Q data

Relpax revenues (other)

No 10-K data

Remaining buyback authorization (other)

No 10-K data

Remaining repurchase authorization (other)

No 10-K data

Remaining share repurchase authorization (other)

No 10-K data

Remaining share-purchase authorization (other)

No 10-K data

Remaining share-repurchase authorization (other)

No 10-K data

Rents (other)

No 10-K data

Reported diluted EPS (other)

No 10-K data

Research and development expense (other)

No 10-Q data

Research and development expenses (other)

No 10-K data

Research projects (other)

No 10-Q data

Research sites (other)

No 10-K data

Restricted stock and private equity securities (other)

No 10-K data

Restricted stock units outstanding (other)

No 10-K data

Restructuring accrual (other)

No 10-K data

Restructuring accrual balance (other)

No 10-K data

Restructuring accruals (other)

No 10-K data

Restructuring annualized benefit (other)

No 10-K data

Restructuring annualized savings (other)

No 10-K data

Restructuring charges (other)

No 10-K data

Restructuring charges and certain acquisition-related costs (other)

No 10-K data

Restructuring costs incurred (other)

No 10-K data

Restructuring program completion (other)

No 10-K data

Restructuring program costs incurred (other)

No 10-K data

Restructuring reserve (other)

No 10-K data

Restructuring reserve utilization (other)

No 10-K data

Restructuring reserves remaining (other)

No 10-K data

Restructuring savings (other)

No 10-K data

Restructuring target benefit (other)

No 10-K data

Restructuring terminations (other)

No 10-K data

Retained earnings (other)

No 10-K data

Revenue (other)

No 10-K data

Revenue by geography (other)

No 10-K data

Revenue by product (other)

No 10-K data

Revenue by segment (other)

Revenue change currency (other)

No 10-K data

Revenue change price (other)

No 10-K data

Revenue change volume (other)

No 10-K data

Revenue concentration of top products (other)

No 10-Q data

Revenue deductions (other)

Revenue deductions accrual (other)

No 10-K data

Revenue from U.K. (other)

No 10-K data

Revenue from international operations (other)

No 10-Q data

Revenue from operations outside the U.S. (other)

No 10-Q data

Revenue from top products (other)

No 10-Q data

Revenue growth (other)

No 10-K data

Revenue growth - price (other)

No 10-K data

Revenue growth - volume (other)

No 10-K data

Revenue growth currency (other)

No 10-K data

Revenue growth drivers (other)

No 10-K data

Revenue growth ex-FX (other)

No 10-K data

Revenue growth excluding currency (other)

No 10-K data

Revenue growth excluding currency and accounting harmonization (other)

No 10-K data

Revenue growth from price (other)

No 10-K data

Revenue growth from volume (other)

No 10-K data

Revenue growth price (other)

No 10-K data

Revenue growth volume (other)

No 10-K data

Revenue guidance (other)

No 10-K data

Revenue outside U.S. (other)

No 10-Q data

Revenue outside the United States (other)

No 10-Q data

Revenue per employee (other)

No 10-Q data

Revenue price change (other)

No 10-K data

Revenues from Greece (other)

No 10-K data

Reverse repurchase agreements (other)

No 10-K data

Rezulin claims settled or withdrawn (other)

No 10-Q data

Rimadyl sales (other)

No 10-K data

Rimadyl-treated dogs (other)

No 10-Q data

Rocky Mount injectables share (other)

No 10-Q data

S&P commercial paper rating (other)

No 10-K data

S&P long-term debt rating (other)

No 10-K data

SGR Repeal Cost Estimate (other)

No 10-K data

SICAD I exchange rate (other)

No 10-K data

SICAD II exchange rate (other)

No 10-K data

Sales allowances (other)

No 10-K data

Sales growth (other)

No 10-K data

Sales growth currency (other)

No 10-K data

Sales growth price (other)

No 10-K data

Sales growth rate (other)

No 10-K data

Sales growth volume (other)

No 10-K data

Sales price growth (other)

No 10-K data

Sales representatives (other)

No 10-Q data

Sales returns and cash discounts (other)

No 10-K data

Sales volume growth (other)

No 10-K data

Segment profit (other)

No 10-K data

Selected net financial assets/(liabilities) (other)

No 10-K data

Selected net financial liabilities (other)

No 10-K data

Selling, informational and administrative expenses (other)

No 10-K data

Share Repurchase Authorization Remaining (other)

No 10-K data

Share of revenue from international operations (other)

No 10-Q data

Share repurchase authorization (other)

No 10-K data

Share repurchase authorization remaining (other)

Share repurchases (other)

Shareholders of record (other)

No 10-Q data

Shareholders' Equity (other)

No 10-K data

Shareholders' equity per common share (other)

No 10-K data

Shareholders' equity per share (other)

No 10-K data

Shares Outstanding (other)

Shares available for award (other)

No 10-K data

Shares of common stock outstanding (other)

No 10-K data

Shares outstanding (other)

Shares purchased (other)

No 10-K data

Shares repurchased (other)

Short-term Investments (other)

No 10-K data

Short-term borrowings (other)

No 10-K data

Short-term borrowings - Commercial paper (other)

No 10-K data

Short-term investments (other)

No 10-K data

Sites identified for rationalization (other)

No 10-K data

Sites to exit (other)

No 10-K data

Sterile Injectable Pharmaceuticals revenues (other)

No 10-K data

Stock options outstanding (other)

No 10-K data

Strategic National Stockpile courses (other)

No 10-K data

Strategic stockpile courses (other)

No 10-K data

Supplier finance program obligation (other)

No 10-K data

Supranational debt (other)

No 10-K data

Sutent patients treated (other)

No 10-Q data

Sutent revenues (other)

No 10-K data

Tablets dispensed (other)

No 10-Q data

Talc cases pending (other)

No 10-K data

Target annual cost reduction (other)

No 10-K data

Targeted annual cost reduction (other)

No 10-K data

Targeted savings from 2017-2019 cost-reduction initiatives (other)

No 10-K data

Therapeutic area leaders (other)

No 10-K data

Therapeutic area leading medicines (other)

No 10-K data

Third-party trade sales (other)

No 10-K data

Tikosyn revenues (other)

No 10-K data

Time deposits and other (other)

No 10-K data

Top 10 product share (other)

No 10-Q data

Top 3 wholesaler revenue concentration (other)

No 10-Q data

Top 5 product share (other)

No 10-Q data

Top products sales share (other)

No 10-Q data

Total Assets (other)

No 10-K data

Total Equity (other)

No 10-K data

Total Liabilities (other)

No 10-K data

Total Pfizer Inc. shareholders' equity (other)

No 10-K data

Total Pfizer Inc. shareholders' equity per common share (other)

No 10-K data

Total Pfizer Inc. shareholders’ equity per common share (other)

No 10-K data

Total accumulated other comprehensive loss (other)

No 10-K data

Total assets (other)

No 10-K data

Total common stock purchases (other)

No 10-K data

Total costs for 2014-2016 cost-reduction program (other)

No 10-K data

Total current assets (other)

No 10-K data

Total current liabilities (other)

No 10-K data

Total debt (other)

No 10-K data

Total debt securities (other)

No 10-K data

Total deductions from revenues (other)

No 10-K data

Total earnings as defined (other)

No 10-K data

Total equity (other)

No 10-K data

Total fixed charges (other)

No 10-K data

Total goodwill (other)

No 10-K data

Total identifiable intangible assets (other)

No 10-K data

Total identifiable intangible assets, net (other)

No 10-K data

Total liabilities (other)

No 10-K data

Total long-term debt (other)

No 10-K data

Total prescription share (other)

No 10-K data

Total prescriptions (other)

No 10-K data

Total revenue deductions (other)

No 10-K data

Total selected financial assets (other)

No 10-K data

Total selected financial liabilities (other)

No 10-K data

Trade Secrets Verdict (other)

No 10-K data

Trade accounts payable (other)

No 10-K data

Trade accounts payable - Corporate/Unallocated (other)

No 10-K data

Trade accounts payable - EH (other)

No 10-K data

Trade accounts payable - IH (other)

No 10-K data

Trade accounts receivable (other)

No 10-K data

Trade accounts receivable - EH (other)

No 10-K data

Trade accounts receivable - IH (other)

No 10-K data

Trading funds and securities (other)

No 10-K data

Trading securities (other)

No 10-K data

Treasury stock (other)

No 10-K data

Treatment courses returned (other)

No 10-K data

Trovan sales (other)

No 10-K data

U.S. ethnic diversity (other)

No 10-Q data

U.S. government debt (other)

No 10-K data

U.S. government guaranteed ABS (other)

No 10-K data

U.S. prescription share (other)

No 10-K data

US prescription growth (other)

No 10-K data

Unrealized holding gains on available-for-sale securities (other)

No 10-K data

Unrealized holding losses on derivative financial instruments (other)

No 10-K data

Unrealized pre-tax losses to be reclassified (other)

No 10-K data

Unrealized pre-tax net gains on derivative financial instruments estimated to be reclassified into income within the next 12 months (other)

No 10-K data

Unused lines of credit (other)

No 10-K data

Unutilized restructuring reserve (other)

No 10-K data

Unutilized restructuring reserves (other)

No 10-K data

Upjohn global brands (other)

No 10-Q data

Upjohn globally recognized brands (other)

No 10-Q data

VOC accrued compensation and related items (other)

No 10-K data

VOC cost of sales (other)

No 10-K data

VOC current tax assets (other)

No 10-K data

VOC earnings (other)

No 10-K data

VOC other (income)/deductions—net (other)

No 10-K data

VOC other current assets (other)

No 10-K data

VOC other current liabilities (other)

No 10-K data

VOC research and development expenses (other)

No 10-K data

VOC revenues (other)

No 10-K data

VOC selling, informational and administrative expenses (other)

No 10-K data

VOC trade accounts payable (other)

No 10-K data

VOC trade accounts receivable (other)

No 10-K data

Vaccine authorized countries (other)

No 10-Q data

Vaccine doses under supply agreements (other)

No 10-K data

Venezuela net monetary assets (other)

No 10-K data

Venezuela non-monetary assets (other)

No 10-K data

Viagra countries launched (other)

No 10-K data

Viagra market share (other)

Viagra revenues (other)

No 10-K data

Viagra sales (other)

No 10-K data

ViiV Healthcare Equity Interest Reduction (other)

No 10-K data

Voting common shares outstanding (other)

No 10-K data

Weekly prescription share (other)

No 10-K data

Weighted-average basic shares (other)

No 10-K data

Weighted-average diluted shares (other)

No 10-K data

Weighted-average lease term (other)

No 10-K data

Weighted-average shares (other)

No 10-K data

Weighted-average shares basic (other)

No 10-K data

Weighted-average shares diluted (other)

No 10-K data

Western European agency debt (other)

No 10-K data

Western European agency debt (HTM) (other)

No 10-K data

Western European government debt (other)

No 10-K data

Western European government debt (HTM) (other)

No 10-K data

Western European, Scandinavian and other government agency debt (other)

No 10-K data

Western European, Scandinavian and other government debt (other)

No 10-K data

Wholesaler inventory supply (other)

No 10-K data

Wholesaler revenue concentration (other)

No 10-Q data

Women in workforce (other)

No 10-Q data

Workforce diversity (other)

No 10-Q data

Workforce reduction (other)

Workforce reduction target (other)

No 10-K data

Workforce reductions completed (other)

No 10-K data

Working capital (other)

No 10-K data

World's best-selling medicines (other)

No 10-Q data

Xalatan/Xalacom revenues (other)

No 10-K data

Xalkori revenues (other)

No 10-K data

Xanax/Xanax XR revenues (other)

No 10-K data

Xeljanz US Prescription Volume Growth (other)

No 10-K data

Y2K implementation progress (other)

No 10-K data

Year 2000 compliance cost (other)

No 10-K data

Year 2000 compliance cost incurred (other)

No 10-K data

Year 2000 compliance costs incurred (other)

No 10-K data

Year 2000 costs incurred (other)

No 10-K data

Year 2000 implementation completion (other)

No 10-K data

Year 2000 program cost (other)

No 10-K data

Year 2000 remediation cost (other)

No 10-K data

Year 2000 remediation costs estimated (other)

No 10-K data

Year 2000 remediation costs incurred (other)

No 10-K data

Zithromax net sales (other)

No 10-K data

Zithromax script share (other)

No 10-Q data

Zithromax/Zmax revenues (other)

No 10-K data

Zoetis Cash Proceeds (other)

No 10-K data

Zoetis Gain on Divestiture (other)

No 10-K data

Zoetis IPO Consideration (other)

No 10-K data

Zoetis IPO Shares Sold (other)

No 10-K data

Zoetis Ownership Interest (other)

No 10-K data

Zoetis Senior Notes Exchanged for Commercial Paper (other)

No 10-K data

Zoetis Senior Notes Issued (other)

No 10-K data

Zoloft net sales (other)

No 10-K data

Zoloft revenues (other)

No 10-K data

Zyrtec US sales (other)

No 10-K data

Zyrtec sales (other)

No 10-K data

Patients treated (patients)

Prescriptions filled (prescriptions_filled)

Comirnaty doses manufactured (production_volume)

Major manufacturing facilities (properties)

Remaining performance obligations (rpo)

Common stock shares outstanding (shares)

No 10-K data

Weighted-average shares diluted (shares_outstanding)

No 10-K data

Short-term borrowings (short_term_debt)

No 10-K data

La Jolla R&D space (square_footage)

Chantix countries approved (stores)

No 10-K data

Total assets (total_assets)

No 10-K data

Total equity (total_equity)

No 10-K data

Total liabilities (total_liabilities)

No 10-K data

Comirnaty doses delivered (units_shipped)

Outsourced manufacturing (utilization_rate)

No 10-Q data
Human capital disclosures. Workforce totals and demographics are point-in-time. Flow metrics use the year-to-date period for 10-Q and full year for 10-K. Workforce actions (RIFs, restructurings, acquisition-related changes) are listed in the table at the bottom.

Workforce Totals

Demographics

No 10-Q data
No 10-Q data
No 10-Q data

Workforce Breakdowns

No 10-Q data
No 10-Q data
No 10-Q data

HCM Metrics — Point-in-Time

No 10-Q data

HCM Metrics — Flow (Annual / YTD)

No flow HCM metrics found.

Workforce Actions

Period EndTypeStatusAffected% WorkforceAnnouncedExpected CompletionGeographySegment / FunctionChargeSourceNote
2026-06-28restructuringin_progress2023-10-012029-12-31Primarily SI&A; $4.8 billion of program costs associated with Biopharma segmentUSD 354 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Multi-year cost realignment program; Q2 2026 employee termination costs of $354 million. In Q3 2026, additional $2.0 billion of one-time costs announced for productivity enhancements, with $1.0 billion additional net savings expected 2027-2029. Total program costs expected ~$7.3 billion; $4.9 billion incurred through June 28, 2026.
2026-06-28restructuringin_progress2024-04-012029-12-31Biopharma segment (manufacturing network)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Multi-year program to reduce cost of goods sold. Next phase announced Q3 2026: ~$4.0 billion one-time costs through 2029 (~60% non-cash accelerated depreciation/asset write-downs, ~40% cash severance/implementation/exit costs); ~$1.5 billion additional savings through 2029. Total program costs expected ~$5.4 billion; $1.1 billion incurred through June 28, 2026.
2026-06-28acquisition_additioncompleted2025-11-13Biopharma segment (obesity and cardiometabolic diseases)USD 8,000 (millions)business_combinations_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Acquisition of Metsera completed November 13, 2025 for total consideration of $8.0 billion including $475 million for employee stock awards related to pre-acquisition service; no headcount figure disclosed. Pfizer expects ~$600 million of annual cost synergies by end of 2026 with ~$700 million one-time costs.
2026-06-28restructuringin_progress2029-12-31GlobalEnterprise-wide; $4.8B of program costs associated with Biopharma segmentUSD 7,300 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program launched in Q4 2023; includes severance, implementation, exit and digital enablement costs plus non-cash write-downs. $4.9B incurred through 2026-06-28. A further $2.0B of one-time costs announced 2026-08-04 for savings realized 2027-2029. No employee counts disclosed.
2026-06-28restructuringin_progress2029-12-31GlobalBiopharma (substantially all); manufacturing networkUSD 5,400 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program launched in Q2 2024 across two phases; phase 1 costs ~$1.4B, next phase ~$4.0B (about 60% non-cash). $1.1B incurred through 2026-06-28. Next phase announced 2026-08-04. No employee counts disclosed.
2026-06-28restructuringin_progress2023-Q42029-12-31GlobalBiopharma, Corporate Enabling FunctionsUSD 457 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Realigning Our Cost Base Program. Q2 2026 charges include $354M employee terminations, $54M asset impairments, $10M exit costs. Total expected costs ~$7.3B through 2029.
2026-06-28restructuringin_progress2024-Q22029-12-31GlobalBiopharmarestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Manufacturing Optimization Program. Q2 2026 charges included in total restructuring line. Total expected costs ~$5.4B through 2029. No specific employee count disclosed for this period.
2026-06-28acquisition_additioncompleted2025-11-132025-11-13GlobalBiopharmabusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Metsera completed Nov 2025. Consideration $8.0B. Employee stock awards of $475M recorded. Specific headcount added not disclosed.
2026-06-28restructuringin_progressRealigning Our Cost Base Program [Member] / Biopharma Segment [Member]USD 3,300,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-28restructuringin_progressManufacturing Optimization Program [Member] / Biopharma Segment [Member]USD 824,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-28restructuringin_progressUSD 419,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-28restructuringin_progressBiopharma Segment [Member]USD 390,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-28restructuringin_progressEmployee Severance [Member]USD 369,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-28restructuringin_progressAsset Impairments [Member]USD 82,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-06-28restructuringin_progressOther Restructuring [Member]USD 17,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-29restructuringin_progress2023-10-012027-12-31Enterprise-wide; $3.7 billion of costs associated with Biopharma segmentUSD 49 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Multi-year cost realignment program announced Q4 2023, expanded in 2025; total expected costs approximately $5.3 billion, with $4.3 billion incurred through March 29, 2026. Q1 2026 restructuring charges of $49 million (employee terminations $15 million, asset impairments $28 million, exit costs $6 million). No employee counts disclosed in this filing.
2026-03-29restructuringin_progress2024-04-012027-12-31Biopharma segment (manufacturing network)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Multi-year program launched Q2 2024 to reduce cost of goods sold; first phase expected to cost approximately $1.4 billion, with $1.1 billion incurred through March 29, 2026. No employee counts or Q1 2026 charge amount separately disclosed for this program.
2026-03-29restructuringin_progress2025-11-132026-12-31Biopharma segment (Metsera integration)USD 700 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Following the November 2025 Metsera acquisition, Pfizer targets approximately $600 million of annual cost synergies by end of 2026, with one-time costs of approximately $700 million from 2025 through 2027. No employee counts disclosed.
2026-03-29restructuringin_progress2023-10-012027-12-31GlobalEnterprise-wide; primarily SI&A and BiopharmaUSD 5,300 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Multi-year cost realignment program; $4.3B incurred through 2026-03-29, of which $3.3B in Biopharma. No employee counts disclosed.
2026-03-29restructuringin_progress2024-04-012027-12-31GlobalManufacturing / BiopharmaUSD 1,400 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
First-phase program costs of ~$1.4B; $1.1B incurred through 2026-03-29. No employee counts disclosed.
2026-03-29acquisition_additioncompleted2025-11-132025-11-13GlobalBiopharmabusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of clinical-stage biopharmaceutical company for $8.0B consideration; no headcount added disclosed.
2026-03-29restructuringin_progress2023-10-012027-12-31GlobalBiopharmaUSD 100 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Part of 'Realigning Our Cost Base Program' and 'Manufacturing Optimization Program'. Q1 2026 charges include $15M employee terminations, $28M asset impairments, $6M exit costs, and $51M integration/other costs. Total program expected cost ~$5.3B.
2026-03-29restructuringin_progress2023-10-012027-12-31GlobalBiopharmaUSD 49 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Realigning Our Cost Base Program. Q1 2026 charges include $15M employee terminations, $28M asset impairments, $6M exit costs. Total program costs expected to be ~$5.3B.
2026-03-29restructuringin_progress2024-04-012027-12-31GlobalBiopharmarestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Manufacturing Optimization Program. Q1 2026 charges not explicitly broken out in footnote table but included in total restructuring charges. Program expected to cost ~$1.4B.
2026-03-29acquisition_additioncompleted2025-11-132025-11-13GlobalBiopharmabusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Metsera completed Nov 13, 2025. Headcount not disclosed. Consideration $8.0B.
2026-03-29restructuringin_progressRealigning Our Cost Base Program [Member] / Biopharma Segment [Member]USD 2,900,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-29restructuringin_progressManufacturing Optimization Program [Member] / Biopharma Segment [Member]USD 853,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-29restructuringin_progressUSD 49,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-29restructuringin_progressBiopharma Segment [Member]USD 31,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-29restructuringin_progressEmployee Severance [Member]USD 15,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-29restructuringin_progressAsset Impairments [Member]USD 28,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-03-29restructuringin_progressOther Restructuring [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-12-31restructuringin_progress20232027GlobalEnterprise-wide, primarily Biopharma (including R&D organization simplification)USD 920 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Multi-year enterprise-wide cost realignment program launched Q4 2023; expanded in Q1 2025 (R&D simplification, ~$600M costs expected through 2026, all Biopharma) and in Q2 2025 (additional SI&A productivity opportunities). FY2025 restructuring charges of $920M attributed to this program (Biopharma segment); cumulative program costs of $4.2B (including $2.9B restructuring charges; $3.2B Biopharma) incurred from inception through 2025-12-31. 2025 severance accruals revised downward largely due to higher-than-expected voluntary attrition. Program targets ~$5.7B total net cost savings through 2026.
2025-12-31restructuringin_progress2023-12-142026GlobalBiopharma / Oncology (Seagen integration, combined company cost structure)USD 1,700 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML
Post-acquisition integration of Seagen (acquired 2023-12-14) to achieve ~$1B of annual cost synergies by end of 2026, with ~$800M achieved by year-end 2025. One-time costs to generate these synergies expected to total ~$1.7B, the majority incurred through 2025. Employee headcount affected not disclosed.
2025-12-31restructuringin_progress20242027GlobalBiopharma (manufacturing network / cost of goods sold)USD -288 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Multi-year, multi-phase program launched Q2 2024 to reduce cost of goods sold via operational efficiencies, network structure changes and portfolio enhancements. FY2025 restructuring charges were a net credit of $288M (Biopharma), as severance estimates were revised for higher-than-expected voluntary attrition; cumulative program costs of $1.1B (including $875M restructuring charges) from inception through 2025-12-31. First phase expected to cost ~$1.4B and deliver ~$1.5B net cost savings by end of 2027 (~$600M realized by year-end 2025). Employee headcount affected not disclosed.
2025-12-31acquisition_additioncompleted2025-11-13United StatesBiopharma (obesity and cardiometabolic diseases)USD 129 (millions)business_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Acquired Metsera, Inc. (Delaware-incorporated clinical-stage biopharmaceutical company) on 2025-11-13 for total consideration of $8.0B ($7.8B net of cash acquired). Number of employees added not disclosed. Includes $129M of post-closing compensation expense for Metsera employee incentive awards recorded in Restructuring charges and certain acquisition-related costs.
2025-12-31restructuringin_progress2025-11-132026GlobalBiopharma / Obesity and cardiometabolic (Metsera integration, combined company cost structure)USD 700 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML
Post-acquisition effort to achieve an appropriate cost structure for the combined company, targeting ~$600M of annual cost synergies by end of 2026. One-time costs to generate these synergies expected to total ~$700M, incurred primarily from 2025 through 2027. Employee headcount affected not disclosed.
2025-12-31restructuringin_progress2023-102027-12-31GlobalEnterprise-wide; primarily Biopharma and SI&AUSD 920 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Charge shown is 2025 restructuring charges associated with the Biopharma segment for this program. Program launched Q4 2023 and expanded in Q1 2025 (R&D) and Q2 2025 (SI&A). Cumulative costs of $4.2B incurred through 2025-12-31; total expected ~$5.3B through 2027, of which $3.7B relates to Biopharma. No employees-affected count disclosed.
2025-12-31restructuringin_progress2024-042027-12-31GlobalManufacturing / Cost of sales (Biopharma)USD -288 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Negative value reflects 2025 credits of $288M associated with the Biopharma segment for this program (net restructuring charges/(credits) for Biopharma in 2025 were $691M). Program launched Q2 2024; first phase expected to deliver ~$1.5B net cost savings by end of 2027, with ~$600M realized by year-end 2025. Cumulative costs of $1.1B incurred through 2025-12-31 against a first-phase estimate of ~$1.4B. No employees-affected count disclosed.
2025-12-31restructuringin_progress2023-12-142026-12-31GlobalBiopharma — Seagen integrationUSD 1,700 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
One-time costs to generate ~$1B of annual cost synergies, expected to total ~$1.7B with the majority incurred through 2025; ~$800M of annual synergies achieved by year-end 2025. Headcount impact not quantified.
2025-12-31restructuringin_progress2025-11-132027-12-31GlobalBiopharma — Metsera integrationUSD 700 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
One-time costs to generate ~$600M of annual cost synergies by end of 2026, expected to total ~$700M incurred primarily 2025 through 2027. Headcount impact not quantified.
2025-12-31restructuringin_progress2025-01-01GlobalPfizer IgniteItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Pfizer decided in 2025 to discontinue Pfizer Ignite and is winding down the business while collaborating with Ignite partners on transition. Pfizer Ignite revenues were $41M in 2025 (down 50%). No headcount or charge quantified.
2025-12-31acquisition_additioncompleted2025-11-132025-11-13GlobalBiopharma — obesity and cardiometabolic diseasesbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Metsera completed 2025-11-13 for $65.60 per share in cash plus a CVR of up to $20.65 per share; total consideration $8.0B ($7.8B net of cash acquired). Headcount added not disclosed.
2025-12-31restructuringannounced2026-01-012026-01-01GlobalBiopharma — commercial organization (new Global Hospital and Biosimilars division)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Organizational restructure effective 2026-01-01 moving off-patent branded and generic sterile injectables and biosimilars from Specialty Care and Oncology into a new Global Hospital and Biosimilars organization. Announced after fiscal year-end and before filing date; no headcount or charge disclosed.
2025-12-31restructuringin_progress2023-10-012027-12-31GlobalBiopharmaUSD 4 (billions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Realigning Our Cost Base Program. Total expected costs approx $4.7 billion through 2027. $4.2 billion incurred through Dec 31, 2025. Includes severance, implementation, exit, and digital enablement costs.
2025-12-31restructuringin_progress2024-04-012027-12-31GlobalBiopharmaUSD 1 (billions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Manufacturing Optimization Program. Total expected costs approx $1.4 billion. $1.1 billion incurred through Dec 31, 2025. Includes severance and implementation costs.
2025-12-31acquisition_additioncompleted2025-11-132025-11-13GlobalBiopharmabusiness_combinations_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Metsera completed Nov 13, 2025. Headcount not explicitly disclosed.
2025-12-31acquisition_additioncompleted2023-12-142023-12-14GlobalBiopharmabusiness_combinations_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Seagen completed Dec 14, 2023. Headcount not explicitly disclosed.
2025-12-31restructuringin_progress2023-10-012026-12-31GlobalBiopharma, SI&A, R&DUSD 1,092 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Realigning Our Cost Base Program. $1.092B in restructuring charges recorded in 2025 (employee terminations, asset impairments, exit costs). Program aims for $5.7B net savings through 2026. Employee count not explicitly disclosed for 2025 activity.
2025-12-31restructuringin_progress2024-04-012027-12-31GlobalBiopharmaUSD 875 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Manufacturing Optimization Program. $875M in restructuring charges recorded in 2025. First phase aims for $1.5B net savings by end of 2027. Employee count not explicitly disclosed.
2025-12-31acquisition_additioncompleted2025-11-132025-11-13GlobalBiopharmabusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Metsera completed Nov 13, 2025. Headcount added not explicitly disclosed.
2025-12-31acquisition_additioncompleted2023-12-142023-12-14GlobalBiopharmabusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Seagen completed Dec 14, 2023. Headcount added not explicitly disclosed in 2025 filing.
2025-12-31restructuringin_progressRealigning Our Cost Base Program [Member] / Biopharma Segment [Member]USD 2,900,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressManufacturing Optimization Program [Member] / Biopharma Segment [Member]USD 875,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressUSD 1,092,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressBiopharma Segment [Member]USD 691,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressEmployee Severance [Member]USD 684,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressAsset Impairments [Member]USD 349,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-12-31restructuringin_progressOther Restructuring [Member]USD 59,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-09-28restructuringin_progress2023-10-012027-12-31Enterprise-wide; primarily SI&A and R&D; $3.7 billion associated with Biopharma segmentUSD 3,700 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Multi-year cost realignment program; total expected costs approximately $5.3 billion through 2027, of which $3.7 billion incurred from inception through September 28, 2025. Includes severance, implementation, exit, digital enablement costs and asset write-downs. No employee headcount figures disclosed in this filing.
2025-09-28restructuringin_progress2024-04-012027-12-31Manufacturing network; Biopharma segmentUSD 1,000 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Multi-year program to reduce cost of goods sold; first phase expected to cost approximately $1.4 billion, primarily severance and implementation costs; $1.0 billion incurred from inception through September 28, 2025. No employee headcount figures disclosed in this filing.
2025-09-28restructuringin_progress2027GlobalEnterprise (primarily Biopharma)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Original enterprise-wide cost realignment program announced in Q4 2023; no employee-affected count disclosed. Cumulative costs of $3.7B incurred from program start through 2025-09-28 across all components (including the two 2025 expansions below), of which $2.9B relates to Biopharma, including $2.6B of restructuring charges.
2025-09-28restructuringin_progress2027GlobalSelling, informational and administrative (SI&A)USD 5 (billions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Additional productivity opportunities identified in Q2 2025, driven largely by digital enablement, automation and AI; costs incurred through 2027, of which $3.1B associated with Biopharma. Primarily cash severance, implementation, exit and digital enablement costs plus non-cash asset write-downs. No employee count disclosed; announcement quarter only (Q2 2025).
2025-09-28restructuringin_progress2026GlobalResearch & Development (Biopharma)USD 600 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program expanded in Q1 2025 to simplify and sharpen focus of the R&D organization; costs through 2026, primarily cash severance, digital enablement and implementation, all associated with Biopharma. Majority of costs recorded in Q1 2025 with cash outlays primarily in 2025-2026. No employee count disclosed; announcement quarter only (Q1 2025).
2025-09-28restructuringin_progressGlobalManufacturing (Biopharma)USD 1,400 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Multi-year, multi-phased program announced in Q2 2024 to reduce cost of goods sold; first-phase costs of approximately $1.4B (severance and implementation), all Biopharma. $1.0B incurred from start through 2025-09-28, recorded primarily in 2024, with cash outlays expected primarily in 2025-2026. No employee count disclosed; announcement quarter only (Q2 2024).
2025-09-28otherin_progressGlobalPfizer Igniteother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pfizer decided in 2025 to discontinue Pfizer Ignite and is winding down the business while collaborating with Ignite partners on transition of work. No headcount, charge, or completion date disclosed; announcement timing stated only as 'in 2025'.
2025-09-28restructuringin_progress2023-10-012027-12-31GlobalBiopharmaUSD 240 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Realigning Our Cost Base Program. Q3 2025 charges of $240M for Biopharma segment. Total expected costs approx $5.3B through 2027.
2025-09-28restructuringin_progress2024-04-012027-12-31GlobalBiopharmaUSD 117 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Manufacturing Optimization Program. Q3 2025 charges of $117M for Biopharma segment. First phase expected costs approx $1.4B.
2025-09-28restructuringin_progress2023-10-012027-12-31GlobalBiopharmaUSD 240 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Realigning Our Cost Base Program. Q3 2025 charges of $240M include $117M for Manufacturing Optimization and $107M for Cost Base Realignment. Total program costs expected to be $5.3B.
2025-09-28restructuringin_progress2024-04-012027-12-31GlobalBiopharmaUSD 117 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Manufacturing Optimization Program. Q3 2025 charges of $117M included in the broader restructuring footnote. Program expected to cost $1.4B.
2025-09-28restructuringin_progressRealigning Our Cost Base Program [Member] / Biopharma Segment [Member]USD 2,600,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-28restructuringin_progressUSD 237,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-28restructuringin_progressBiopharma Segment [Member]USD 240,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-28restructuringin_progressManufacturing Optimization Program [Member] / Biopharma Segment [Member]USD 117,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-28restructuringin_progressEmployee Severance [Member]USD 360,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-28restructuringin_progressAsset Impairments [Member]USD 328,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-09-28restructuringin_progressOther Restructuring [Member]USD 96,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-06-29restructuringin_progress2023-10-012027-12-31Enterprise-wide; primarily SI&A and R&DUSD 5,300 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Multi-year cost realignment program; total expected costs approximately $5.3 billion across three components (initial program ~$3.1B through 2025, additional productivity opportunities ~$1.6B through 2027, R&D reorganization ~$600M through 2026). $3.7B associated with Biopharma segment. Cumulative costs of $3.5B incurred through June 29, 2025. No employee counts disclosed.
2025-06-29restructuringin_progress2024-04-012027-12-31Manufacturing; Biopharma segmentUSD 1,400 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Multi-year, multi-phased program to reduce cost of goods sold; first phase expected to cost approximately $1.4 billion, primarily severance and implementation costs. $850 million incurred through June 29, 2025. No employee counts disclosed.
2025-06-29restructuringin_progress2023-12-312025-12-31GlobalEnterprise-wide (of which $2.4B associated with Biopharma segment)USD 3,100 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Announced in Q4 2023 (announcement_date set to quarter-end); multi-year cost realignment, primarily severance, exit and implementation costs plus non-cash asset write-downs; $3.5B of the combined program incurred through 2025-06-29. No employee counts disclosed.
2025-06-29restructuringannounced2025-06-292027-12-31GlobalSelling, informational and administrative (SI&A); $700M associated with BiopharmaUSD 1,600 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Identified in Q2 2025 (announcement_date set to quarter-end); driven by digital enablement, automation, AI and process simplification; primarily cash severance, digital enablement and implementation costs. No employee counts disclosed.
2025-06-29restructuringin_progress2025-03-312026-12-31GlobalResearch & Development (100% associated with Biopharma)USD 600 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Expanded in Q1 2025 (announcement_date set to quarter-end) to simplify R&D structure; majority of costs recorded in Q1 2025, cash outlays primarily 2025-2026. No employee counts disclosed.
2025-06-29restructuringin_progress2024-06-30GlobalManufacturing (all associated with Biopharma)USD 1,400 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Announced in Q2 2024 (announcement_date set to quarter-end); Phase 1 covers operational efficiencies, network structure changes and portfolio enhancements; $850M incurred through 2025-06-29, cash outlays primarily 2025-2026; initial savings expected from late 2025 with ~$1.5B net savings by end of 2027. No employee counts disclosed; expected_completion_date not stated for the cost program.
2025-06-29restructuringin_progress2025GlobalPfizer Ignite (R&D services offering)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pfizer decided in 2025 to discontinue Pfizer Ignite and has begun winding down the business while transitioning work to partners; only year of decision disclosed. No headcount or charge quantified.
2025-06-29restructuringin_progress2023-10-012027-12-31GlobalBiopharmaUSD 3,500 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Realigning Our Cost Base Program. Total expected costs approx $3.5 billion. Includes severance, exit, implementation, and asset write-downs. No specific employee count disclosed for this period.
2025-06-29restructuringin_progress2024-04-012027-12-31GlobalBiopharmaUSD 1,400 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Manufacturing Optimization Program. Total expected costs approx $1.4 billion. Includes severance and implementation. No specific employee count disclosed.
2025-06-29restructuringin_progress2023-10-012025-12-31GlobalBiopharmaUSD 2,500 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Realigning Our Cost Base Program. $2.5 billion of restructuring charges incurred through June 29, 2025, associated with Biopharma segment. Total program costs expected to be $3.1 billion.
2025-06-29restructuringin_progress2025-04-012027-12-31GlobalBiopharmaUSD 700 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Additional productivity opportunities identified in Q2 2025. Costs expected to total $1.6 billion, of which $700 million is associated with Biopharma segment.
2025-06-29restructuringin_progress2025-01-012026-12-31GlobalBiopharmaUSD 600 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
R&D organization simplification program expanded in Q1 2025. Costs expected to total $600 million, all associated with Biopharma segment.
2025-06-29restructuringin_progress2024-04-012026-12-31GlobalBiopharmaUSD 850 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Manufacturing Optimization Program Phase 1. $850 million incurred through June 29, 2025, substantially all restructuring costs for Biopharma segment. Total phase costs expected to be $1.4 billion.
2025-06-29restructuringin_progressRealigning Our Cost Base Program [Member] / Biopharma Segment [Member]USD 2,500,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-06-29restructuringin_progressUSD -74,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-06-29restructuringin_progressBiopharma Segment [Member]USD -406,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-06-29restructuringin_progressManufacturing Optimization Program [Member] / Biopharma Segment [Member]USD -408,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-06-29restructuringin_progressEmployee Severance [Member]USD 236,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-06-29restructuringin_progressAsset Impairments [Member]USD 217,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-06-29restructuringin_progressOther Restructuring [Member]USD 94,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-30restructuringin_progress2023-10-012027-12-31Enterprise-wide; $3.7 billion of program costs associated with Biopharma segmentUSD 621 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Multi-year cost realignment program announced Q4 2023; expanded in Q1 2025 (R&D reorganization, ~$600 million) and Q2 2025 (additional productivity opportunities, ~$1.6 billion). Total program costs now expected at approximately $5.3 billion; $3.2 billion incurred through March 30, 2025. Q1 2025 restructuring charges of $621 million (employee terminations $384 million, asset impairments $173 million, exit costs $64 million). Restructuring accrual balance of $2,399 million at March 30, 2025. No employee counts disclosed.
2025-03-30restructuringin_progress2024-04-012027-12-31Manufacturing network; all costs associated with Biopharma segmentrestructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Multi-year, multi-phased program announced Q2 2024 to reduce cost of goods sold; Phase 1 costs expected to total approximately $1.6 billion, with $1.2 billion incurred through March 30, 2025. Q1 2025 included a $4 million credit for this program within Biopharma restructuring charges. No employee counts disclosed.
2025-03-30restructuringin_progress2023-10-012025-12-31GlobalEnterprise-wide (including Biopharma)USD 3,100 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Multi-year cost realignment announced Q4 2023; ~$3.1B total expected costs through 2025, of which $2.4B tied to Biopharma. $3.2B incurred program-to-date through 2025-03-30. No employee count disclosed.
2025-03-30restructuringin_progress2025-04-012027-12-31GlobalSelling, informational and administrative (SI&A)USD 1,600 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Identified in Q2 2025 (subsequent to quarter end); ~$1.6B expected costs through 2027, of which $700M tied to Biopharma. Driven by digital enablement, automation and AI.
2025-03-30restructuringin_progress2025-01-012026-12-31GlobalResearch & DevelopmentUSD 600 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Expanded in Q1 2025 to simplify R&D structure; ~$600M expected costs through 2026, all associated with Biopharma. Majority of costs recorded in Q1 2025.
2025-03-30restructuringin_progress2024-04-012027-12-31GlobalManufacturing / Cost of salesUSD 1,600 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Phase 1 announced Q2 2024; ~$1.6B expected costs, all Biopharma. $1.2B incurred through 2025-03-30. Initial savings expected in latter part of 2025.
2025-03-30restructuringin_progress2025-01-01GlobalPfizer IgniteMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pfizer decided in 2025 to discontinue Pfizer Ignite and wind down the business; no headcount or charge quantified.
2025-03-30restructuringin_progress2023-10-012027-12-31GlobalBiopharmaUSD 678 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Includes Realigning Our Cost Base Program and Manufacturing Optimization Program. Q1 2025 charges of $678M include $384M employee terminations, $173M asset impairments, $64M exit costs, $57M integration/other. Total program costs expected to reach $5.3B.
2025-03-30restructuringin_progress2023-10-012025-12-31GlobalBiopharmaUSD 587 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Realigning Our Cost Base Program. Q1 2025 charges of $587M. Total program cost expected to be ~$3.1B.
2025-03-30restructuringin_progress2025-04-012027-12-31GlobalSelling, informational and administrativerestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Additional productivity opportunities announced in Q2 2025. Expected total cost ~$1.6B. No specific Q1 2025 charge disclosed for this component.
2025-03-30restructuringin_progress2025-01-012026-12-31GlobalResearch and developmentrestructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
R&D organization simplification announced in Q1 2025. Expected total cost ~$600M. Majority of costs recorded in Q1 2025, but specific dollar amount not isolated in footnote.
2025-03-30restructuringin_progress2024-04-012026-12-31GlobalBiopharmaUSD -4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Manufacturing Optimization Program. Q1 2025 credit of $4M. Total program cost expected to be ~$1.6B.
2025-03-30restructuringin_progressRealigning Our Cost Base Program [Member] / Biopharma Segment [Member]USD 2,500,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-30restructuringin_progressUSD 621,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-30restructuringin_progressBiopharma Segment [Member]USD 617,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-30restructuringin_progressManufacturing Optimization Program [Member] / Biopharma Segment [Member]USD -4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-30restructuringin_progressEmployee Severance [Member]USD 384,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-30restructuringin_progressAsset Impairments [Member]USD 173,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-03-30restructuringin_progressOther Restructuring [Member]USD 64,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-12-31restructuringin_progress2023-10-012025-12-31GlobalEnterprise-wide; majority of costs associated with Biopharma segmentUSD 3 (billions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Enterprise-wide cost realignment program announced in Q4 2023 (announcement date reflects start of that quarter). Cumulative-to-date costs of approximately $2.6B incurred from inception through December 31, 2024, of which $2.1B is associated with Biopharma (including $2.0B of restructuring charges). Total expected program costs approximately $2.9B, primarily severance, exit and implementation costs and asset write-downs; expected net cost savings of approximately $4.5B by end of 2025, most achieved by year-end 2024. No employee headcount reduction figure quantified in this filing.
2024-12-31restructuringin_progress2024-04-012027-12-31GlobalBiopharma segment (manufacturing network)USD 1 (billions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Multi-year, multi-phased cost-of-goods reduction program announced in Q2 2024 (announcement date reflects start of that quarter). Cumulative-to-date costs of approximately $1.2B incurred from inception through December 31, 2024, substantially all restructuring costs for Biopharma; Q2 2024 restructuring charges of $1,254M primarily employee termination costs under this program. Phase 1 costs expected to total approximately $1.6B, primarily severance and implementation costs, with initial savings in late 2025 and approximately $1.5B of Phase 1 savings by end of 2027. Headcount reduction figure not quantified.
2024-12-31restructuringin_progress2023-12-142026-12-31GlobalBiopharma segment (Seagen integration)USD 427 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML
Post-acquisition effort to achieve an appropriate cost structure for the combined company: approximately $1B of annual cost synergies targeted by 2026, with one-time costs of approximately $1.7B expected to be incurred primarily 2023-2025. 2024 integration costs and other charges of $427M captured. Headcount impact not quantified; the Seagen acquisition itself closed December 14, 2023 (prior fiscal year), so no acquisition_addition record is created for FY2024.
2024-12-31restructuringcompleted2025-01-012025-01-01GlobalBiopharma segment (commercial organization) and company-wide R&D organizationItem_1_Business
f5-10k / GLM-5.3-flash-HTML
Structural reorganization effective January 1, 2025 (subsequent to fiscal year-end): activities of the former Pfizer Oncology Division transitioned into other parts of Biopharma, with U.S. Oncology commercial and global Oncology marketing moved into the Pfizer U.S. Commercial Division; global Oncology R&D (ORD) and Pfizer R&D (PRD) consolidated into a single R&D organization, with any identified savings expected to be reinvested in the R&D portfolio. No headcount impact or associated charge quantified.
2024-12-31restructuringin_progress2023-10-012025-12-31GlobalEnterprise-wide (Biopharma segment primarily)USD 2,600 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Multi-year program announced Q4 2023; $2.6B incurred through 2024-12-31 of expected ~$2.9B total. Employee headcount impact not disclosed. Includes $2.0B restructuring charges within Biopharma segment.
2024-12-31restructuringin_progress2024-04-012027-12-31GlobalBiopharma segment — manufacturing and supplyUSD 1,200 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Multi-year, multi-phased program announced Q2 2024 to reduce cost of goods sold; $1.2B incurred through 2024-12-31 of expected ~$1.6B Phase 1 cost. Employee headcount impact not disclosed.
2024-12-31restructuringin_progress2023-12-142026-12-31GlobalBiopharma — Seagen integrationUSD 427 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Seagen acquisition integration costs in 2024; $1B annual cost synergies targeted by 2026 with ~$1.7B one-time costs 2023-2025. Employee headcount impact not disclosed.
2024-12-31restructuringin_progress2023-10-012025-12-31GlobalBiopharmaUSD 2 (billions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Realigning our Cost Base Program launched in Q4 2023. $2.0 billion of restructuring charges incurred in 2024 associated with Biopharma segment. Total program costs approx $2.9 billion.
2024-12-31restructuringin_progress2024-05-012027-12-31GlobalBiopharmaUSD 1 (billions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Manufacturing Optimization Program launched in Q2 2024. $1.2 billion of restructuring costs incurred in 2024. Total program costs approx $1.6 billion.
2024-12-31restructuringcompleted2023-12-142025-12-31GlobalBiopharmaUSD 0 (billions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Seagen acquisition integration costs. $427 million of integration costs and other charges recorded in 2024.
2024-12-31restructuringin_progress2023-10-012025-12-31GlobalBiopharmaUSD 3 (billions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Realigning Our Cost Base Program launched in Q4 2023. Costs incurred through Dec 31, 2024 were $2.6 billion. Expected total costs approx $2.9 billion.
2024-12-31restructuringin_progress2024-04-012027-12-31GlobalBiopharmaUSD 1 (billions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Manufacturing Optimization Program Phase 1 launched in Q2 2024. Costs incurred through Dec 31, 2024 were $1.2 billion. Expected total costs for Phase 1 approx $1.6 billion.
2024-12-31acquisition_additioncompleted2023-12-142023-12-14GlobalBiopharmaMD&A
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Seagen completed Dec 14, 2023. Headcount not explicitly disclosed in this filing.
2024-12-31restructuringin_progressRealigning Our Cost Base Program [Member] / Biopharma Segment [Member]USD 2,000,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressUSD 1,987,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressBiopharma Segment [Member]USD 1,800,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressManufacturing Optimization Program [Member] / Biopharma Segment [Member]USD 1,200,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressOne-time Termination Benefits [Member] / Realigning Our Cost Base Program [Member] / Biopharma Segment [Member]USD 1,500,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressEmployee Severance [Member]USD 1,152,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressAsset Impairments [Member]USD 432,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-12-31restructuringin_progressOther Restructuring [Member]USD 403,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2024-09-29restructuringin_progress2023-10-012024-12-31Enterprise-wide; $1.4 billion associated with Biopharma segmentUSD 1,800 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Multi-year cost realignment program announced in Q4 2023; total expected costs approximately $2.3 billion, primarily severance and implementation costs, with $1.7 billion associated with Biopharma. Costs incurred from program start through September 29, 2024 totaled $1.8 billion, including $1.3 billion of restructuring charges. Program expected to deliver net cost savings of at least $4 billion primarily from 2023 through 2024. No employee counts disclosed.
2024-09-29restructuringin_progress2024-04-012027-12-31Biopharma segmentUSD 1,300 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Multi-year, multi-phased program to reduce cost of goods sold announced in Q2 2024; first phase expected to cost approximately $1.7 billion, primarily severance and implementation costs, recorded primarily in 2024 with cash outlays primarily in 2025-2026. Costs incurred from program start through September 29, 2024 totaled $1.3 billion, substantially all restructuring costs for Biopharma. First phase expected to deliver savings of approximately $1.5 billion by end of 2027. No employee counts disclosed.
2024-09-29restructuringin_progress2023-10-012024-12-31GlobalEnterprise-wide (including Biopharma segment)USD 2,300 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Multi-year cost realignment program announced Q4 2023; expected total costs ~$2.3B, primarily severance and implementation. $1.8B incurred through 2024-09-29, of which $1.4B in Biopharma (including $1.3B restructuring charges). Employee headcount impact not disclosed.
2024-09-29restructuringin_progress2024-05-012027-12-31GlobalBiopharma (manufacturing / cost of sales)USD 1,700 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Multi-year, multi-phased COGS reduction program announced Q2 2024; first phase expected to cost ~$1.7B, recorded primarily in 2024 with cash outlays in 2025-2026. $1.3B incurred through 2024-09-29, substantially all Biopharma restructuring. Expected savings ~$1.5B by end of 2027. Employee headcount impact not disclosed.
2024-09-29acquisition_additioncompleted2023-12-142023-12-14GlobalBiopharma (Oncology)USD 44,234 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Seagen acquisition closed 2023-12-14 for $44.2B total consideration; measurement period adjustments continued through Q3 2024. Headcount added through the acquisition is not disclosed in this filing.
2024-09-29plant_closureannounced2024-09-01United StatesBiopharma (Duchenne muscular dystrophy program)USD 420 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Charge related to expected sale of one facility following discontinuation of the DMD program; recorded in Q3 2024. Associated workforce reduction not quantified.
2024-09-29othercompleted2024-09-01GlobalBiopharma (Oxbryta / voxelotor)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
September 2024 voluntary worldwide withdrawal of Oxbryta and discontinuation of all voxelotor clinical trials and expanded access programs; commercial and clinical workforce impact not quantified.
2024-09-29restructuringin_progress2023-10-012024-12-31GlobalBiopharmaUSD 141 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Realigning our Cost Base Program. Q3 2024 charges of $141 million primarily associated with Biopharma segment.
2024-09-29restructuringin_progress2024-05-012026-12-31GlobalBiopharmaUSD 1,300 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Manufacturing Optimization Program. YTD 2024 charges of $1.3 billion associated with Biopharma segment. Expected to deliver savings by end of 2027.
2024-09-29restructuringin_progress2023-10-012024-12-31GlobalBiopharmaUSD 1 (billions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Program announced Q4 2023. $1.3B restructuring charges incurred through Sept 29, 2024, primarily in Biopharma. Total expected costs ~$2.3B.
2024-09-29restructuringin_progress2024-04-012026-12-31GlobalBiopharmaUSD 1 (billions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Program announced Q2 2024. $1.3B restructuring costs incurred through Sept 29, 2024. Total expected costs for first phase ~$1.7B.
2024-09-29restructuringin_progressRealigning Our Cost Base Program [Member] / Biopharma Segment [Member]USD 1,300,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-29restructuringin_progressUSD 217,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-29restructuringin_progressBiopharma Segment [Member]USD 141,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-29restructuringin_progressManufacturing Optimization Program [Member] / Biopharma Segment [Member]USD 1,300,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-29restructuringin_progressEmployee Severance [Member]USD 1,009,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-29restructuringin_progressAsset Impairments [Member]USD 177,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-09-29restructuringin_progressOther Restructuring [Member]USD 145,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-06-30restructuringin_progress2023-10-012024-12-31Biopharma (substantially all)USD 2,300 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Multi-year enterprise-wide cost realignment program announced Q4 2023; total expected costs approximately $2.3 billion, primarily severance and implementation costs, with $1.7 billion associated with Biopharma. Cumulative costs of $1.5 billion incurred from program start through June 30, 2024, of which $1.2 billion relates to Biopharma. Expected to deliver net cost savings of at least $4 billion primarily from 2023 through 2024. No employee count disclosed.
2024-06-30restructuringin_progress2024-04-012027-12-31BiopharmaUSD 1,700 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Multi-year, multi-phased program to reduce cost of goods sold announced in Q2 2024; first phase expected to cost approximately $1.7 billion, primarily severance and implementation costs, all associated with Biopharma. Costs recorded primarily in 2024 with cash outlays expected primarily in 2025 and 2026; $1.3 billion incurred through June 30, 2024. First phase expected to deliver savings of approximately $1.5 billion by end of 2027. No employee count disclosed.
2024-06-30plant_closureannounced2024-07-01BiopharmaUSD 400 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Following discontinuation of the DMD program after unfavorable Phase 3 CIFFREO results, a decision was made in July 2024 to sell one of Pfizer's facilities; a charge of approximately $400 million is expected in Q3 2024. No employee count disclosed.
2024-06-30restructuringin_progress2023-10-312024-12-31GlobalEnterprise-wide (primarily Biopharma)USD 2,300 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Multi-year cost realignment announced Q4 2023; ~$2.3B expected total, primarily cash severance and implementation costs, of which $1.7B tied to Biopharma. $1.5B incurred through 2024-06-30 ($1.2B Biopharma). No employee headcount disclosed.
2024-06-30restructuringin_progress2024-04-302026-12-31GlobalBiopharma (manufacturing / cost of sales)USD 1,700 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Multi-phase COGS reduction program announced Q2 2024; first phase ~$1.7B, all Biopharma, primarily cash severance and implementation. Costs recorded primarily in 2024 with cash outlays in 2025-2026. $1.3B incurred through 2024-06-30. No employee headcount disclosed.
2024-06-30acquisition_additioncompleted2023-12-142023-12-14GlobalBiopharma (Oncology)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Seagen acquired 2023-12-14 for $44.2B; measurement period adjustments recorded in H1 2024. No headcount added disclosed.
2024-06-30plant_closureannounced2024-07-31United StatesBiopharma — DMD programUSD 400 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Decision in July 2024 to sell a facility following DMD program discontinuation after Phase 3 CIFFREO miss; ~$400M charge expected in Q3 2024. No employee count disclosed.
2024-06-30restructuringin_progress2023-10-012024-12-31GlobalBiopharmaUSD 2 (billions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Program launched in Q4 2023. Costs incurred through June 30, 2024 were $1.5 billion. Expected total costs are approximately $2.3 billion. Employee count not disclosed.
2024-06-30restructuringin_progress2024-05-012026-12-31GlobalBiopharmaUSD 1 (billions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
First phase announced in Q2 2024. Costs incurred through June 30, 2024 were $1.3 billion. Expected total costs for first phase are approximately $1.7 billion. Employee count not disclosed.
2024-06-30restructuringin_progress2023-10-012024-12-31GlobalBiopharmaUSD 1,200 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Multi-year enterprise-wide cost realignment program. $1.2 billion incurred through June 30, 2024, associated with Biopharma segment. Total expected costs approx $2.3 billion.
2024-06-30restructuringin_progress2024-04-012026-12-31GlobalBiopharmaUSD 1,300 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Multi-year program to reduce cost of goods sold. $1.3 billion incurred through June 30, 2024, associated with Biopharma segment. Total expected costs for first phase approx $1.7 billion.
2024-06-30restructuringin_progressUSD 1,104,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-06-30restructuringin_progressBiopharma Segment [Member]USD 1,100,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-06-30restructuringin_progressManufacturing Optimization Program [Member] / Biopharma Segment [Member]USD 1,300,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-06-30restructuringin_progressRealigning Our Cost Base Program [Member] / Biopharma Segment [Member]USD -113,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-06-30restructuringin_progressEmployee Severance [Member]USD 984,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-06-30restructuringin_progressAsset Impairments [Member]USD 66,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-06-30restructuringin_progressOther Restructuring [Member]USD 63,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-03-31restructuringin_progress2023-10-012024-12-31Enterprise-wide; approximately $2.3 billion of the program costs associated with the Biopharma segmentUSD 2,800 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Multi-year enterprise-wide cost realignment program announced in Q4 2023; total expected costs of approximately $2.8 billion, primarily cash severance and implementation costs, continuing through 2024. Cumulative costs of $1.6 billion incurred from program inception through March 31, 2024, of which $1.3 billion relates to Biopharma. No employee headcount figures disclosed.
2024-03-31acquisition_additioncompleted2023-12-142023-12-14OncologyUSD 44,234 (millions)business_combinations_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Acquisition of Seagen completed December 14, 2023 for total consideration of $44.2 billion; no employee headcount added through the acquisition was disclosed.
2024-03-31restructuringin_progress2023-10-012024-12-31GlobalEnterprise-wide (primarily Biopharma)USD 2,800 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Multi-year cost realignment announced Q4 2023; ~$2.8B expected total costs through 2024, primarily severance and implementation; $1.6B incurred through 2024-03-31 ($1.3B Biopharma). No employee counts disclosed.
2024-03-31acquisition_additioncompleted2023-12-142023-12-14GlobalBiopharma (Oncology)USD 44,234 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Seagen acquired 2023-12-14 for $44.2B total consideration; purchase price allocation updated in Q1 2024 via measurement period adjustments. No headcount added disclosed.
2024-03-31restructuringin_progress2023-10-012024-12-31GlobalBiopharmaUSD 10 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Part of multi-year cost realignment program launched in Q4 2023. Total expected costs ~$2.8B. Q1 2024 restructuring charges were $10M (net of credits), primarily Seagen acquisition-related costs offset by cost-reduction initiatives. Employee count not disclosed.
2024-03-31restructuringin_progress2023-10-012024-12-31GlobalOther Business ActivitiesUSD 0 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Q1 2024 restructuring charges for Other Business Activities were not separately disclosed, but total restructuring charges were $10M. Program aims to realign costs with longer-term revenue expectations.
2024-03-31restructuringin_progress2023-10-012024-12-31GlobalBiopharmaUSD 102 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Multi-year cost realignment program announced in Q4 2023. Q1 2024 charges of $102M include $25M asset impairments, $14M exit costs, and a $29M credit for employee terminations. Total program costs expected to be ~$2.8B.
2024-03-31acquisition_additioncompleted2023-12-142023-12-14GlobalBiopharmabusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Seagen completed Dec 14, 2023. Headcount added not explicitly quantified in this filing.
2024-03-31restructuringin_progressUSD 10,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-03-31restructuringin_progressBiopharma Segment [Member]USD -37,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-03-31restructuringin_progressEmployee Severance [Member]USD -29,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-03-31restructuringin_progressAsset Impairments [Member]USD 25,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2024-03-31restructuringin_progressOther Restructuring [Member]USD 14,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-12-31acquisition_additioncompleted2023-032023-12-14GlobalBiopharma — Oncologybusiness_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Proposed acquisition announced March 2023 and completed December 14, 2023 for total consideration of $44.2 billion. Year-end workforce of ~88,000 includes Seagen colleagues, but the number of employees added is not separately quantified.
2023-12-31restructuringin_progress2023-102024GlobalEnterprise-wide; ~$1.1B of expected total costs relate to the Biopharma segmentUSD 2 (billions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Multi-year enterprise-wide cost realignment announced in Q4 2023. Expected total cost ~$3.0B through 2024, primarily cash severance and implementation costs. FY2023 costs incurred: $1.7B, of which $674M ($665M restructuring charges) related to Biopharma. Affected headcount not quantified.
2023-12-31restructuringcompleted20192023-12-31GlobalEnterprise-wide; $1.5B cumulative costs related to the Biopharma segmentUSD 4 (billions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Cumulative through fiscal year-end: costs of ~$4.0B from program start in Q4 2019 through December 31, 2023, including $1.5B ($1.0B restructuring charges) related to Biopharma; program substantially completed as of December 31, 2023. Affected headcount not quantified.
2023-12-31divestiture_reductioncompleted2023-09-192023-09-19Rare disease gene therapy portfolio (R&D)other
f5-10k / GLM-5.3-flash-HTML
Completed September 19, 2023; Alexion purchased and licensed the assets of Pfizer's early-stage rare disease gene therapy portfolio for up to $1.0B total consideration ($300M upfront), with a $222M pre-tax gain recognized. Employee headcount impact not disclosed.
2023-12-31restructuringin_progress2023-10-012024-12-31GlobalEnterprise-wideUSD 1,700 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Multi-year enterprise-wide cost realignment program announced Q4 2023; $1.7B incurred in 2023 of approximately $3.0B total expected through 2024, primarily severance and implementation costs. Employee headcount impact not disclosed; restructuring accrual for employee termination costs was $1,622M provision in 2023 (program-wide, not solely this program).
2023-12-31acquisition_additioncompleted2023-12-142023-12-14GlobalBiopharma — Oncologybusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Seagen acquisition closed 2023-12-14 for $44.2B consideration; headcount added not disclosed. Filer notes total headcount of ~88,000 includes Seagen colleagues. $476M post-closing compensation expense for Seagen employee incentive awards recorded in restructuring charges.
2023-12-31divestiture_reductioncompleted2023-09-192023-09-19GlobalRare disease gene therapy portfolioother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Early-stage rare disease gene therapy portfolio divested to Alexion on 2023-09-19; headcount removed not disclosed.
2023-12-31plant_closurein_progress2023-07-012024-12-31United StatesManufacturing — sterile injectablesUSD 286 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Tornado damaged Rocky Mount, NC facility (produces ~25% of sterile injectables); $286M charged to cost of sales for inventory losses and overhead. Manufacturing resumed but supply affected through 2024. Not a planned closure; workforce impact not disclosed.
2023-12-31restructuringin_progress2023-10-012024-12-31GlobalEnterprise-wideUSD 3 (billions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Realigning our Cost Base program launched in Q4 2023. Expected total costs approx $3.0 billion, primarily cash expenditures for severance and implementation. $1.7 billion incurred in 2023.
2023-12-31restructuringcompleted2019-10-012023-12-31GlobalCorporate Enabling, Commercial, Manufacturing, R&DUSD 2 (billions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Transforming to a More Focused Company program. Substantially completed. $1.5 billion associated with Biopharma segment.
2023-12-31acquisition_additioncompleted2023-12-142023-12-14GlobalBiopharmaItem 1. Business
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Seagen completed Dec 14, 2023. Total headcount of 88,000 includes Seagen colleagues.
2023-12-31restructuringin_progress2023-10-012024-12-31GlobalEnterprise-wideUSD 3,000 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Announced in Q4 2023. Expected costs total approx $3.0 billion primarily representing cash expenditures for severance and implementation. Employee count not explicitly disclosed in this section.
2023-12-31restructuringcompleted2019-10-012025-12-31GlobalR&D and Corporate EnablingMD&A
f5-10k / Qwen3.6-27B-Q8_0
Multi-year program. Substantially completed for corporate enabling functions. R&D optimization savings expected through 2025. Specific employee counts for 2023 activity not disclosed in narrative.
2023-12-31acquisition_additioncompleted2023-12-142023-12-14GlobalBiopharmaItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Seagen completed. Total headcount of 88,000 includes Seagen colleagues. Specific Seagen headcount not disclosed.
2023-12-31restructuringin_progressUSD 1,968,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-12-31restructuringin_progressBiopharma Segment [Member]USD 672,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-12-31restructuringin_progressRealigning Our Cost Base Program [Member] / Biopharma Segment [Member]USD 665,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-12-31restructuringin_progressTransforming to a More Focused Company Plan [Member] / Biopharma Segment [Member]USD -20,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-12-31restructuringin_progressEmployee Severance [Member]USD 1,622,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-12-31restructuringin_progressAsset Impairments [Member]USD 227,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-12-31restructuringin_progressOther Restructuring [Member]USD 119,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2023-10-01restructuringin_progress2019-10-012023-12-31GlobalCorporate enabling functions, commercial go-to-market, manufacturing network, R&D operationsUSD 3,900 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Multi-year program begun Q4 2019; approximately $3.9 billion of costs incurred through October 1, 2023, of which $1.5 billion relates to Biopharma. About 90% of expected costs incurred; remaining costs expected substantially through 2023. No employee counts disclosed in this filing.
2023-10-01restructuringannounced2023-10-01GlobalEnterprise-wideUSD 3,000 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Multi-year, enterprise-wide cost realignment program announced October 2023 targeting at least $3.5 billion of annual net cost savings (approximately $1.0 billion in 2023 and at least $2.5 billion in 2024). Costs to achieve savings expected to be approximately $3.0 billion, mostly cash, primarily severance and implementation costs. No headcount figures disclosed.
2023-10-01divestiture_reductioncompleted2023-09-192023-09-19GlobalEarly-stage rare disease gene therapy portfolioUSD 222 (millions)other
f5-10q / GLM-5.3-flash-fp4-HTML
Alexion purchased and licensed the assets of Pfizer's early-stage rare disease gene therapy portfolio; total consideration up to $1 billion including $300 million upfront. Pfizer recognized a $222 million pre-tax gain. No headcount figures disclosed.
2023-10-01restructuringannounced2023-10-04GlobalEnterprise-wideUSD 3,000 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Multi-year enterprise-wide cost realignment program announced October 2023; expected annual net savings of at least $3.5B, with ~$1.0B in 2023 and at least $2.5B in 2024. Costs to achieve estimated at ~$3.0B, primarily severance and implementation. No employee count disclosed.
2023-10-01restructuringin_progress2019-10-012023-12-31GlobalCorporate enabling functions, commercial go-to-market, manufacturing network, R&D operationsUSD 3,900 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cumulative costs of $3.9B incurred from Q4 2019 through October 1, 2023; ~90% of total expected costs incurred to date; remaining costs expected through 2023. No employee headcount affected disclosed.
2023-10-01restructuringin_progress2023-10-012024-12-31GlobalEnterprise-wideUSD 3,000 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Multi-year cost realignment program announced in October 2023. Expected annual net cost savings of at least $3.5 billion. Costs to achieve savings approx $3.0 billion, majority cash, primarily severance and implementation.
2023-10-01restructuringin_progress2019-10-012023-12-31GlobalCorporate, Commercial, Manufacturing, R&DUSD 155 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Transforming to a More Focused Company Program. Q3 2023 charges of $155 million include employee terminations ($16M), asset impairments ($40M), and exit costs ($15M). Program substantially complete except for corporate enabling functions and manufacturing/R&D optimization.
2023-10-01restructuringin_progress2023-10-012024-12-31GlobalCorporate and Operating FunctionsUSD 3 (billions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Announced multi-year enterprise-wide cost realignment program. Costs to achieve savings expected to be approx $3.0 billion, primarily severance and implementation. No specific employee count disclosed.
2023-10-01restructuringin_progress2019-10-012023-12-31GlobalCorporate Enabling, Commercial, Manufacturing, R&DUSD 0 (billions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Transforming to a More Focused Company Program. YTD 2023 restructuring charges of $165 million. Program expected to be substantially completed by end of 2023. No specific employee count disclosed for current period activity.
2023-10-01restructuringin_progressUSD 71,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-10-01restructuringin_progressBiopharma Segment [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-10-01restructuringin_progressEmployee Severance [Member]USD 77,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-10-01restructuringin_progressAsset Impairments [Member]USD 45,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-10-01restructuringin_progressOther Restructuring [Member]USD 44,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-07-02restructuringin_progress2019-10-012023-12-31GlobalCorporate enabling functions; commercial go-to-market; manufacturing network; R&D operationsUSD 3,800 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Multi-year cost-reduction program; cumulative costs of $3.8 billion from Q4 2019 inception through July 2, 2023, of which $1.5 billion relates to Biopharma. Approximately 85% of total expected costs incurred to date; remaining costs expected to be substantially incurred through 2023. No employee count disclosed in this filing.
2023-07-02restructuringin_progress2023-12-31GlobalCorporate enabling functions; commercial go-to-market model; manufacturing network and R&D operationsUSD 61 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Transforming to a More Focused Company Program, announced in 2019 (specific announcement date not disclosed in this filing). No number of employees affected is disclosed; charges are presented only in dollars. Charge shown is the six-month provision for employee termination costs; total restructuring charges were $94M for the six months and $138M for the quarter, of which Biopharma-attributable amounts were a $23M credit (six months) and $4M charge (quarter). Employee termination cost accrual was $700M at July 2, 2023. Cumulative program costs of $3.8B through July 2, 2023, described as approximately 85% of total expected costs, with remaining costs expected to be substantially incurred through 2023.
2023-07-02restructuringin_progress2019-10-012023-12-31GlobalCorporate enabling functions, commercial go-to-market, manufacturing network, R&D operationsUSD 214 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Transforming to a More Focused Company Program. Q2 2023 charges include $96M employee terminations, $15M asset impairments, $27M exit costs. Program expected to be substantially complete by end of 2023.
2023-07-02restructuringin_progress2019-10-012023-12-31GlobalCorporate enabling functions, commercial go-to-market, manufacturing network, R&D operationsUSD 222 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Transforming to a More Focused Company Program. YTD 2023 charges include $61M employee terminations, $4M asset impairments, $29M exit costs. Program expected to be substantially complete by end of 2023.
2023-07-02restructuringin_progress2019-10-012023-12-31GlobalCorporate enabling functions, Commercial go-to-market, Manufacturing, R&DUSD 214 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of 'Transforming to a More Focused Company Program' announced in 2019. Q2 2023 charges include $96M employee terminations, $15M asset impairments, $27M exit costs. Program expected to be substantially completed by end of 2023. Employee count affected in this specific quarter is not disclosed.
2023-07-02restructuringin_progress2022-10-01GlobalUpjohn SeparationMD&A
f5-10q / Qwen3.6-27B-Q8_0
Company expects to incur costs of approximately $700 million in connection with separating Upjohn. Approximately 90% has been incurred since inception and through the second quarter of 2023. Includes separation of legal entities and transaction costs.
2023-07-02restructuringin_progressUSD 138,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-07-02restructuringin_progressBiopharma Segment [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-07-02restructuringin_progressEmployee Severance [Member]USD 61,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-07-02restructuringin_progressAsset Impairments [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-07-02restructuringin_progressOther Restructuring [Member]USD 29,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-04-02restructuringin_progress2019-10-012023-12-31GlobalCorporate enabling functions; commercial go-to-market; manufacturing network; R&D operationsUSD 107 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Transforming to a More Focused Company Program; Q1 2023 total costs of $107 million include restructuring credits of $44 million, integration costs of $52 million and implementation costs of $85 million. Approximately 85% of total expected costs incurred to date; remaining costs expected through 2023. No employee counts disclosed in the 10-Q.
2023-04-02restructuringin_progress2019-10-012023-12-31GlobalCorporate enabling functions; commercial go-to-market model; manufacturing network and R&D operationsUSD 9 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program announced 2019; $3.5B cumulative costs through 2023-04-02, ~85% of expected costs incurred; Q1 2023 net restructuring charges/(credits) of $(44)M (employee terminations credit of $36M); no employee headcount affected disclosed.
2023-04-02acquisition_additionannounced2023-03-122024-03-31GlobalOncology / BiopharmaMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Merger agreement signed 2023-03-12; ~$43B enterprise value, $229/share cash; expected close late 2023 or early 2024; no headcount added disclosed.
2023-04-02restructuringin_progress2019-10-012023-12-31GlobalCorporate enabling functions, commercial go-to-market, manufacturing, R&DUSD -44 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Part of 'Transforming to a More Focused Company Program'. Net credit of $44M recorded in Q1 2023. Program expected to be substantially completed by end of 2023.
2023-04-02restructuringin_progress2019-10-012023-12-31GlobalCorporate enabling functions, commercial go-to-market, manufacturing, R&DUSD -44 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Transforming to a More Focused Company Program. Q1 2023 restructuring charges/credits were $(44) million, primarily representing credits for employee terminations and asset impairments. Program expected to be substantially completed by end of 2023. Employee count affected in this period not disclosed.
2023-04-02restructuringin_progressUSD -44,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-04-02restructuringin_progressBiopharma Segment [Member]USD -28,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-04-02restructuringin_progressEmployee Severance [Member]USD -36,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-04-02restructuringin_progressAsset Impairments [Member]USD -10,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2023-04-02restructuringin_progressOther Restructuring [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-12-31restructuringin_progress20192023-12-31GlobalCorporate enabling functions, commercial go-to-market, manufacturing network, and R&DUSD 776 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Transforming to a More Focused Company program (initiated Q4 2019): 2022 employee termination provision of $776M; total 2022 restructuring charges $882M (incl. $52M asset impairments, $54M exit costs); employee-termination accrual of $1,204M at 2022-12-31. Cumulative program costs $3.5B from inception through 2022-12-31 (~85% of expected total); remaining costs substantially through 2023. Targets net savings: $1.4B commercial (2022–2024), $550M manufacturing (2020–2023). Affected-employee headcount not disclosed.
2022-12-31restructuringin_progress20222023-12-31GlobalR&D (end-to-end operations optimization)USD 500 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
In Q4 2022 Pfizer began optimizing end-to-end R&D operations (automation/digital capabilities, novel clinical development, externalization of select assets). Expected costs of ~$500M, primarily cash, incurred mostly through 2023, mainly severance and implementation costs; expected net cost savings of $2.3B primarily 2023–2025. Affected-employee headcount not disclosed.
2022-12-31acquisition_additioncompleted2022-03-11GlobalBiopharma — clinical-stage immuno-inflammatory pipeline (Arena Pharmaceuticals)USD 138 (millions)business_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Acquired Arena for $6.6B total consideration ($6.2B net of cash). $138M paid to Arena employees for fair value of previously unvested long-term incentive awards, recognized as post-closing compensation expense in restructuring/acquisition-related costs (Q1 2022). Headcount added not disclosed.
2022-12-31acquisition_additioncompleted2022-10-05GlobalBiopharma — rare disease/sickle cell (Global Blood Therapeutics)USD 136 (millions)business_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Acquired GBT for $5.7B total consideration ($5.2B net of cash). $136M paid to GBT employees for previously unvested long-term incentive awards, recognized as post-closing compensation expense in restructuring/acquisition-related costs (Q4 2022). Headcount added not disclosed.
2022-12-31acquisition_additioncompleted2022-10-03GlobalBiopharma — migraine/CGRP portfolio (Biohaven)business_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Acquired all outstanding Biohaven common shares for ~$11.5B (total consideration $11.8B incl. prior investment), plus repayment of $863M third-party debt and $495M redemption of preferred stock. No employee-specific compensation charge disclosed; headcount added not disclosed.
2022-12-31restructuringin_progress2019-10-012023-12-31GlobalCorporate enabling functions, commercial go-to-market, manufacturing networkUSD 882 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2022 restructuring charges of $882M (employee terminations $776M, asset impairments $52M, exit costs $54M). Cumulative program costs $3.5B through 2022; ~85% of expected total incurred; remainder through 2023. No employee count disclosed.
2022-12-31restructuringin_progress2022-10-012023-12-31GlobalResearch & DevelopmentUSD 500 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sub-initiative of Transforming to a More Focused Company program; began Q4 2022. Expected costs of $500M primarily through 2023, mostly cash severance. Announcement date approximate (Q4 2022).
2022-12-31acquisition_additioncompleted2022-03-112022-03-11GlobalBiopharma — immuno-inflammatory diseasesbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired for $6.6B total consideration ($6.2B net of cash). Headcount added not disclosed.
2022-12-31acquisition_additioncompleted2022-06-092022-06-09GlobalBiopharma — antiviral therapeutics (RSV)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Asset acquisition; $426M acquired IPR&D charge. Headcount added not disclosed.
2022-12-31acquisition_additioncompleted2022-10-032022-10-03GlobalBiopharma — migraine (CGRP)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Total consideration $11.8B. Headcount added not disclosed.
2022-12-31acquisition_additioncompleted2022-10-052022-10-05GlobalBiopharma — sickle cell diseasebusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Total consideration $5.7B ($5.2B net of cash). Headcount added not disclosed.
2022-12-31restructuringin_progress2019-10-012025-12-31GlobalCorporate Enabling, Commercial, Manufacturing, R&DUSD 1,375 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Transforming to a More Focused Company program. 2022 charges include $776M employee terminations, $52M asset impairments, $54M exit costs. Program started Q4 2019; R&D optimization steps began Q4 2022.
2022-12-31restructuringin_progress2022-09-302025-12-31GlobalR&DUSD 500 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Optimizing end-to-end R&D operations; expect costs of $500 million to be incurred primarily through 2023.
2022-12-31restructuringin_progress2022-09-302024-12-31GlobalCommercialMD&A
f5-10k / Qwen3.6-27B-Q8_0
Transforming commercial go-to market strategy; expect net cost savings of $1.4 billion primarily from 2022 through 2024.
2022-12-31restructuringin_progress2022-09-302023-12-31GlobalManufacturingMD&A
f5-10k / Qwen3.6-27B-Q8_0
Manufacturing network optimization; expect net cost savings of $550 million primarily from 2020 through 2023.
2022-12-31restructuringin_progress2019-10-012023-12-31GlobalCorporate Enabling FunctionsMD&A
f5-10k / Qwen3.6-27B-Q8_0
Transforming to a More Focused Company program; achieved gross cost savings of $1.0 billion in 2021-2022.
2022-12-31restructuringin_progressUSD 882,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-12-31restructuringin_progressBiopharma Segment [Member]USD 354,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-12-31restructuringin_progressEmployee Severance [Member]USD 776,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-12-31restructuringin_progressAsset Impairments [Member]USD 52,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-12-31restructuringin_progressOther Restructuring [Member]USD 54,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2022-10-02restructuringin_progress2023-12-31Corporate enabling functions; commercial go-to-market model; manufacturing networkUSD 177 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Transforming to a More Focused Company program; Q3 2022 restructuring charges of $177 million, primarily employee terminations ($158 million). No employee counts disclosed. Program costs of $1.8B (enabling functions), $1.4B (commercial model), $800M (manufacturing) expected primarily 2020-2023.
2022-10-02restructuringin_progress2023-12-31Corporate enabling functions; commercial go-to-market model; manufacturing networkUSD 368 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Nine months ended October 2, 2022 restructuring charges of $368 million, including employee terminations of $293 million. No employee counts disclosed.
2022-10-02acquisition_additioncompleted2022-03-112022-03-11BiopharmaUSD 138 (millions)business_combinations_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Acquisition of Arena Pharmaceuticals for $6.6 billion; $138 million paid to Arena employees for fair value of previously unvested long-term incentive awards, recorded as post-closing compensation expense. No headcount disclosed.
2022-10-02acquisition_additionannounced2022-10-032022-10-03BiopharmaUSD 11,500 (millions)subsequent_events
f5-10q / GLM-5.3-flash-fp4-HTML
Acquired Biohaven for approximately $11.5 billion plus repayment of third-party debt of $863 million and redemption of preferred stock for $495 million. No headcount disclosed.
2022-10-02acquisition_additionannounced2022-10-052022-10-05BiopharmaUSD 5,300 (millions)subsequent_events
f5-10q / GLM-5.3-flash-fp4-HTML
Acquired GBT for approximately $5.3 billion net of cash acquired, plus repayment of third-party debt of $331 million. No headcount disclosed.
2022-10-02restructuringin_progress2019-10-012023-12-31GlobalCorporate enabling functions, Commercial, ManufacturingUSD 199 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Part of 'Transforming to a More Focused Company' program initiated in Q4 2019. Q3 2022 charges include $158M employee terminations, $17M asset impairments, $2M exit costs. Total program costs expected $4.0B ($1.8B corporate, $1.4B commercial, $0.8B manufacturing).
2022-10-02acquisition_additioncompleted2022-03-112022-03-11GlobalBiopharmaUSD 138 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Arena Pharmaceuticals. $138M recognized as post-closing compensation expense for unvested awards. Headcount not explicitly disclosed.
2022-10-02acquisition_additioncompleted2022-06-092022-06-09GlobalBiopharmaUSD 426 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of ReViral. $426M charge for acquired IPR&D asset. Headcount not explicitly disclosed.
2022-10-02restructuringin_progress2019-10-012023-12-31GlobalCorporate enabling functions, Commercial go-to market, ManufacturingUSD 199 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of 'Transforming to a More Focused Company Program' initiated in Q4 2019. Q3 2022 charges include $158M employee terminations, $17M asset impairments, $2M exit costs. Total program costs expected: $4.0B ($1.8B corporate, $1.4B commercial, $0.8B manufacturing). No employee count disclosed for current quarter actions.
2022-10-02acquisition_additioncompleted2022-03-112022-03-11GlobalBiopharmaUSD 138 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Arena Pharmaceuticals. $138M recognized as post-closing compensation expense for unvested long-term incentive awards. Employee headcount added not explicitly disclosed.
2022-10-02acquisition_additioncompleted2022-06-092022-06-09GlobalBiopharmaUSD 426 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of ReViral. $426M charge for acquired IPR&D. Employee headcount added not explicitly disclosed.
2022-10-02acquisition_additionannounced2022-10-05GlobalBiopharmasubsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Global Blood Therapeutics (GBT) announced Oct 5, 2022. Consideration approx $5.3B net of cash. Employee headcount added not explicitly disclosed.
2022-10-02acquisition_additionannounced2022-10-03GlobalBiopharmasubsequent_events
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Biohaven announced Oct 3, 2022. Consideration approx $11.5B. Employee headcount added not explicitly disclosed.
2022-10-02restructuringin_progressUSD 177,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-10-02restructuringin_progressBiopharma Segment [Member]USD 62,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-10-02restructuringin_progressEmployee Severance [Member]USD 293,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-10-02restructuringin_progressAsset Impairments [Member]USD 44,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-10-02restructuringin_progressOther Restructuring [Member]USD 31,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-07-03restructuringin_progress2019-10-012022-12-31GlobalCorporate enabling functions; commercial go-to-market model; manufacturing networkUSD 147 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Transforming to a More Focused Company program; Q2 2022 restructuring charges of $147M (employee terminations $110M, asset impairments $20M, exit costs $18M). Cumulative program costs of $2.5B since Q4 2019 inception. No employee counts disclosed in the 10-Q.
2022-07-03restructuringin_progress2019-10-012022-12-31GlobalCorporate enabling functions; commercial go-to-market model; manufacturing networkUSD 191 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Year-to-date 2022 restructuring charges of $191M (employee terminations $135M, asset impairments $28M, exit costs $29M). Restructuring accrual balance of $913M at July 3, 2022, including $904M for employee termination costs. No employee counts disclosed.
2022-07-03acquisition_additioncompleted2022-03-112022-03-11GlobalBiopharmaUSD 138 (millions)business_combinations_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Acquisition of Arena Pharmaceuticals for $6.6B ($6.2B net of cash); $138M paid to Arena employees for fair value of previously unvested long-term incentive awards, recorded in restructuring/acquisition-related costs. No headcount added disclosed.
2022-07-03restructuringin_progress2019-10-012022-12-31GlobalCorporate enabling functions, commercial go-to-market model, manufacturing networkUSD 191 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Transforming to a More Focused Company Program; $191M provision in six months ended 2022 (employee termination $135M, asset impairments $28M, exit costs $29M); employee termination accrual $904M at 2022-07-03. No employee counts disclosed; program costs expected primarily 2020-2022, $2.5B incurred since Q4 2019.
2022-07-03acquisition_additioncompleted2022-03-112022-03-11GlobalBiopharma — gastroenterology, dermatology, cardiology (Arena Pharmaceuticals)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired for $100/share, $6.6B total consideration ($6.2B net of cash); no headcount added disclosed. $138M paid to Arena employees for unvested LTI awards, recorded in restructuring/acquisition-related costs.
2022-07-03acquisition_additionannounced2022-05-022023-01-31GlobalBiopharma — CGRP/migraine (Biohaven Pharmaceutical Holding Company Ltd.)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to acquire Biohaven at $148.50/share, ~$11.6B cash consideration; expected to close by early 2023. No headcount disclosed.
2022-07-03acquisition_additionannounced2022-08-01United StatesBiopharma — sickle cell disease (Global Blood Therapeutics, Inc.)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Post-quarter announcement (August 2022); $68.50/share, ~$5.4B enterprise value; subject to regulatory and stockholder approvals. No headcount disclosed.
2022-07-03acquisition_additioncompleted2022-06-012022-06-30GlobalBiopharma — antivirals/RSV (ReViral)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Completed in Pfizer's international third quarter 2022; up to $525M ($425M upfront, $100M milestones). No headcount disclosed.
2022-07-03restructuringin_progress2019-10-012022-12-31GlobalCorporate enabling functions, Commercial, ManufacturingUSD 189 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Part of 'Transforming to a More Focused Company' program initiated in Q4 2019. Includes severance, exit costs, and implementation costs. No specific employee count disclosed for this quarter's charges.
2022-07-03acquisition_additioncompleted2022-03-112022-03-11GlobalBiopharmaUSD 6,600 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Arena Pharmaceuticals completed March 11, 2022 for $6.6 billion. Employee headcount not explicitly disclosed.
2022-07-03restructuringin_progress2019-10-012022-12-31GlobalCorporate enabling functions, Commercial, ManufacturingUSD 189 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of 'Transforming to a More Focused Company Program' initiated in Q4 2019. Q2 2022 charges include $110M employee terminations, $20M asset impairments, $18M exit costs. Program expected to conclude primarily through 2022.
2022-07-03acquisition_additioncompleted2022-03-112022-03-11GlobalBiopharmaUSD 138 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Arena Pharmaceuticals. $138M recognized as post-closing compensation expense for unvested long-term incentive awards. Headcount not explicitly disclosed.
2022-07-03restructuringin_progressUSD 147,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-07-03restructuringin_progressBiopharma Segment [Member]USD 50,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-07-03restructuringin_progressEmployee Severance [Member]USD 135,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-07-03restructuringin_progressAsset Impairments [Member]USD 28,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-07-03restructuringin_progressOther Restructuring [Member]USD 29,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-04-03restructuringin_progress2022-12-31Corporate enabling functions; commercial go-to-market model; manufacturing networkUSD 43 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Ongoing 'Transforming to a More Focused Company' program; Q1 2022 restructuring charges of $43 million (employee terminations $25M, asset impairments $8M, exit costs $11M). Restructuring accrual balance of $952 million at April 3, 2022. Program costs expected primarily 2020 through 2022; no employee counts disclosed in the quarter.
2022-04-03acquisition_additioncompleted2022-03-11GlobalBiopharmaUSD 6,600 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Arena Pharmaceuticals closed March 11, 2022 for $6.6B total consideration; headcount added not disclosed. $138M paid to Arena employees for unvested awards recorded as post-closing compensation.
2022-04-03restructuringin_progressGlobalCorporate enabling functions; commercial go-to-market; manufacturing networkUSD 43 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Transforming to a More Focused Company Program: $43M restructuring charges in Q1 2022 (employee terminations $25M, asset impairments $8M, exit costs $11M); employee termination accrual $943M at quarter-end. Number of employees affected not disclosed. Program expected primarily through 2022.
2022-04-03restructuringin_progress2019-10-012022-12-31GlobalCorporate enabling functions, Commercial go-to market, ManufacturingUSD 20 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Part of 'Transforming to a More Focused Company' program. Q1 2022 incurred $20M in Biopharma restructuring costs. Total program costs expected to be $3.7B.
2022-04-03acquisition_additioncompleted2022-03-112022-03-11GlobalBiopharmaUSD 6,600 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Arena Pharmaceuticals for $6.6B. Headcount not explicitly disclosed.
2022-04-03restructuringin_progress2019-10-012022-12-31GlobalCorporate enabling functions, Commercial, ManufacturingUSD 43 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of 'Transforming to a More Focused Company Program' initiated in Q4 2019. Q1 2022 charges include $25M employee terminations, $8M asset impairments, and $11M exit costs. Program expected to conclude primarily through 2022.
2022-04-03acquisition_additioncompleted2022-03-112022-03-11GlobalBiopharmaUSD 138 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Arena Pharmaceuticals. $138M recognized as post-closing compensation expense for unvested long-term incentive awards. Headcount not disclosed.
2022-04-03restructuringin_progressUSD 43,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-04-03restructuringin_progressEmployee Severance [Member]USD 25,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-04-03restructuringin_progressAsset Impairments [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2022-04-03restructuringin_progressOther Restructuring [Member]USD 11,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-12-31restructuringin_progress2019-102022-12-31GlobalCorporate enabling functions; commercial go-to-market model; manufacturing network optimization (primarily Biopharma)USD 680 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Multi-year 'Transforming to a More Focused Company' cost-reduction program launched Q4 2019; headcount affected not disclosed. FY2021 activity: employee termination costs of $680M within total restructuring charges of $741M; total FY2021 costs associated with acquisitions and cost-reduction/productivity initiatives of $1,298M, of which $712M associated with the Biopharma segment. Cumulative program costs of $2.2B through fiscal year-end (Dec 31, 2021). Initiatives and expected costs: corporate enabling functions restructuring (~$1.6B, substantially all cash), commercial go-to-market transformation (~$1.1B, substantially all cash), manufacturing network optimization (~$800M, ~25% non-cash); charges expected to be incurred primarily 2020 through 2022. Year-end 2021 accrual for employee termination costs was $1,014M.
2021-12-31divestiture_reductioncompleted2021-12-31Hospital therapeutic area (Meridian subsidiary; manufacturer of EpiPen and other auto-injector products)USD 167 (millions)discontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Sale of Meridian subsidiary completed December 31, 2021 for approximately $51M in cash; after-tax loss on sale of approximately $167M recognized in discontinued operations. Meridian's financial results reflected as discontinued operations beginning Q4 2021 for all periods presented. Employee headcount transferred was not disclosed.
2021-12-31restructuringin_progress2019-10-012024-12-31GlobalCorporate enabling functions; commercial go-to-market model; manufacturing networkUSD 680 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Transforming to a More Focused Company program. FY2021 employee termination provision was $680M (total restructuring charges $741M); cumulative program costs of $2.2B incurred from Q4 2019 through 2021-12-31. Employees-affected headcount not disclosed. Marketing savings targeted 2022-2024; manufacturing savings 2020-2023.
2021-12-31acquisition_additioncompleted2021-11-172021-11-17GlobalOncology (immuno-oncology R&D)USD 2,100 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Trillium for $2.0B total consideration; accounted for as an asset acquisition with a $2.1B IPR&D charge. Headcount added not disclosed.
2021-12-31divestiture_reductioncompleted2021-12-312021-12-31GlobalHospital therapeutic area — Meridian (EpiPen and auto-injectors)USD 167 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of Meridian subsidiary completed for approximately $51M cash, with an after-tax loss of $167M. Headcount removed not disclosed; interim TSA/MSA arrangements continue post-sale.
2021-12-31acquisition_additionannounced2021-12-202022-06-30United StatesImmuno-inflammatory diseases (clinical-stage pipeline)USD 6,700 (millions)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement to acquire Arena Pharmaceuticals at $100 per share, ~$6.7B equity value; Arena shareholders approved 2022-02-02, targeted to close in H1 2022 subject to antitrust review. Headcount not disclosed.
2021-12-31othercompleted2021-07-012021-11-30United StatesHospital therapeutic area — Meridian (EpiPen indirect purchaser antitrust MDL)USD 345 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Not a workforce action per se; recorded as a $345M pre-tax charge within discontinued operations for the EpiPen Multi-District Litigation settlement, approved November 2021. Included here only because it is a material FY2021 legal charge associated with the divested Meridian business; no employee separations disclosed.
2021-12-31restructuringin_progress2019-10-012022-12-31GlobalCorporate Enabling Functions, Commercial, ManufacturingUSD 802 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Transforming to a More Focused Company program. Total expected costs $3.1 billion. $802 million incurred in 2021. Employee count not explicitly disclosed for 2021 activity.
2021-12-31restructuringin_progress2019-10-012024-12-31GlobalCorporate Enabling Functions, Commercial, ManufacturingUSD 1,298 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Transforming to a More Focused Company program. Total costs incurred in 2021 were $1.3 billion. Program includes restructuring corporate enabling functions, transforming commercial go-to-market model, and optimizing manufacturing network. Savings expected through 2024.
2021-12-31restructuringin_progressUSD 741,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressAcquisition-related Costs [Member]USD -9,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressCost Reduction Initiatives [Member]USD 750,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressEmployee Severance [Member]USD 680,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressAsset Impairments [Member]USD 53,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-12-31restructuringin_progressOther Restructuring [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2021-10-03restructuringin_progress2022-12-31Corporate enabling functions; commercial go-to-market model; manufacturing network optimizationUSD 630 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Employee termination charges of $630 million in Q3 2021 under the Transforming to a More Focused Company program; program costs of approximately $3.2 billion expected primarily 2020-2022, with $2.0 billion incurred from program inception through October 3, 2021. No employee counts disclosed.
2021-10-03restructuringin_progress2022-12-31Corporate enabling functions; commercial go-to-market model; manufacturing network optimizationUSD 649 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Employee termination charges of $649 million for the first nine months of 2021; restructuring accrual balance of $1,135 million at October 3, 2021 ($1,125 million employee termination costs). No employee counts disclosed.
2021-10-03divestiture_reductionannounced2021-11-01United StatesMeridian Medical Technologies (Hospital therapeutic area)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Pfizer agreed in November 2021 to sell Meridian (approximately $300 million in annual revenues) to Altaris; no headcount figures disclosed. Transaction expected to close in coming months subject to regulatory approvals.
2021-10-03restructuringin_progress2022-12-31GlobalCorporate enabling functions; commercial go-to-market model; manufacturing networkUSD 646 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program initiated Q4 2019; no employee counts disclosed. Q3 2021 charge of $646M includes $643M restructuring charges plus $3M integration/other. Expected program costs: $1.6B corporate functions, $1.1B commercial model, $0.5B manufacturing; $2.0B incurred through 2021-10-03. Costs expected primarily 2020-2022.
2021-10-03restructuringin_progress2022-12-31GlobalCorporate enabling functions, Commercial, ManufacturingUSD 646 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Part of 'Transforming to a More Focused Company' program. Costs primarily related to restructuring corporate enabling functions, transforming commercial go-to-market model, and optimizing manufacturing network. Program costs expected to be incurred primarily from 2020 through 2022. Employee termination costs were $630 million for the quarter. Specific headcount reduction numbers not disclosed in this filing.
2021-10-03restructuringin_progress2019-10-012022-12-31GlobalCorporate enabling functions, Commercial, ManufacturingUSD 646 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of 'Transforming to a More Focused Company' program initiated in Q4 2019. Q3 2021 charges include $630M for employee terminations, $10M for asset impairments, and $3M for exit costs. Program expected to incur $3.2B total costs through 2022.
2021-10-03restructuringin_progressUSD 643,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-10-03restructuringin_progressEmployee Severance [Member]USD 649,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-10-03restructuringin_progressAsset Impairments [Member]USD 9,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-10-03restructuringin_progressOther Restructuring [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-07-04restructuringin_progress2022-12-31GlobalCorporate enabling functions; manufacturing network optimizationUSD 1,200 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Transforming to a More Focused Company program: total expected pre-tax costs of approximately $1.6 billion (enabling functions) plus $500 million (manufacturing network optimization, ~20% non-cash), primarily 2020-2022; $1.2 billion incurred from program inception in Q4 2019 through July 4, 2021. No employee headcount affected was disclosed in this filing; restructuring accrual balance of $596 million at July 4, 2021 (employee termination costs $585 million).
2021-07-04restructuringin_progress2022-12-31GlobalCorporate enabling functions; manufacturing networkrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Transforming to a More Focused Company program: expected pre-tax costs of $1.6 billion for corporate enabling functions plus $500 million for manufacturing network optimization (about 20% non-cash), with $1.2 billion incurred from Q4 2019 through July 4, 2021; costs expected primarily 2020-2022. Severance-related accruals (employee termination costs) moved from $782 million at December 31, 2020 to $585 million at July 4, 2021 (provision $19 million, utilization $215 million YTD). No number of employees affected is disclosed; no program announcement date is stated.
2021-07-04restructuringin_progress2022-12-31GlobalCorporate enabling functions, R&D, and PGS platformUSD -1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Part of 'Transforming to a More Focused Company' program. Total expected costs $1.6B (corporate) and $500M (manufacturing). Q2 2021 net credit of $1M recorded. Program costs expected to be incurred primarily from 2020 through 2022.
2021-07-04restructuringin_progress2019-10-012022-12-31GlobalCorporate enabling functions, R&D, PGS platform, ManufacturingUSD 140 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of 'Transforming to a More Focused Company' program initiated in Q4 2019. Q2 2021 charges include $19M employee terminations, $2M asset impairments, and $3M exit costs. Total program costs expected to be $1.6B pre-tax.
2021-07-04restructuringin_progress2019-10-012022-12-31GlobalManufacturing network optimizationUSD 97 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Manufacturing network optimization component of the broader program. Q2 2021 charges include $47M additional depreciation and $90M implementation costs. Total expected costs $500M pre-tax.
2021-07-04restructuringin_progressUSD -5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-07-04restructuringin_progressEmployee Severance [Member]USD 19,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-07-04restructuringin_progressAsset Impairments [Member]USD -2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-07-04restructuringin_progressOther Restructuring [Member]USD -3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-04-04restructuringin_progress2022-12-31GlobalCorporate enabling functions; manufacturing network optimizationUSD 22 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Transforming to a More Focused Company program; expected total pre-tax costs of $1.6 billion (plus $500 million manufacturing network optimization) primarily from 2020 through 2022; $1.0 billion incurred from program start through April 4, 2021. Q1 2021 employee termination provision of $22 million; restructuring accrual balance of $717 million at April 4, 2021. No employee counts disclosed.
2021-04-04restructuringin_progress2019-12-312022-12-31GlobalCorporate enabling functionsUSD 1,600 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax program cost of $1.6B, substantially all cash; $1.0B incurred from Q4 2019 through April 4, 2021. Employee-termination accrual was $702M at April 4, 2021 (total restructuring accrual $717M). No employee count disclosed.
2021-04-04restructuringin_progress2019-12-312022-12-31GlobalManufacturing networkUSD 500 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Manufacturing network optimization including legacy cost-reduction initiatives; approximately 20% of costs non-cash. No employee count disclosed.
2021-04-04divestiture_reductioncompleted2020-11-162020-11-16GlobalUpjohn Business (spun off and combined with Mylan to form Viatris)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Upjohn separation completed November 16, 2020; approximately $700M separation costs expected, ~70% incurred through Q1 2021. No headcount transferred disclosed. Mylan-Japan collaboration terminated December 21, 2020.
2021-04-04acquisition_additionannounced2021-04-01United StatesR&D — Amplyx Pharmaceuticals (Fosmanogepix/APX001, Phase 2)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of privately-held Amplyx announced in April 2021; no headcount or purchase price disclosed in this filing.
2021-04-04restructuringin_progress2019-10-012022-12-31GlobalCorporate enabling functions, R&D, and Global SupplyUSD 23 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Part of 'Transforming to a More Focused Company' program. Total expected costs $1.6B pre-tax. No specific employee count disclosed for Q1 2021 activity.
2021-04-04restructuringin_progress2019-10-012022-12-31GlobalCorporate enabling functions, R&D, PGS platform, ManufacturingUSD 23 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of 'Transforming to a More Focused Company' program initiated in Q4 2019. Q1 2021 charges include $22M for employee terminations and $18M for other restructuring charges. Total program costs expected to be $1.6B (corporate) + $500M (manufacturing). Cumulative costs incurred through April 4, 2021 are $1.0B. Employee count affected in Q1 not explicitly disclosed.
2021-04-04restructuringin_progressUSD 18,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-04-04restructuringin_progressAcquisition-related Costs [Member]USD -6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-04-04restructuringin_progressCost Reduction Initiatives [Member]USD 25,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-04-04restructuringin_progressEmployee Severance [Member]USD 22,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-04-04restructuringin_progressAsset Impairments [Member]USD -4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2021-04-04restructuringin_progressOther Restructuring [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-12-31restructuringin_progress20192022GlobalCorporate enabling functions (supporting the focused biopharma business plus R&D and PGS platform functions)USD 474 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
'Transforming to a More Focused Company' program, corporate-enabling-functions component. Expected pre-tax costs of $1.6B over 2020-2022, substantially all cash; targeted gross savings of $1.0B (net $700M) primarily over 2021-2022. Full-year 2020 restructuring charge for cost-reduction initiatives was $556M, including $474M employee termination costs and $88M asset impairments; the filer attributes 2020 charges mainly to employee termination costs at the program level, not split between program components. Cumulative program costs of $900M from program start in Q4 2019 through December 31, 2020. No employee headcount disclosed.
2020-12-31restructuringin_progress20192022GlobalManufacturing network (Pfizer Global Supply / PGS)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
'Transforming to a More Focused Company' program, manufacturing-network-optimization component including legacy cost-reduction initiatives. Expected costs of $500M incurred primarily 2020-2022, with roughly 20% non-cash; targeted net cost savings of $300M primarily 2020-2022. Costs include implementation, product transfer, site exit costs and accelerated depreciation. Item 2 states PGS expects to exit five of its 43 plants over the next several years. No 2020-specific charge or employee headcount attributed to this component.
2020-12-31divestiture_reductioncompleted2019-07-292020-11-16GlobalUpjohn Business (former operating segment)USD 434 (millions)discontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Spin-off of the Upjohn Business and combination with Mylan completed November 16, 2020, forming Viatris via all-stock Reverse Morris Trust; each Pfizer shareholder received approximately 0.124079 Viatris shares and Pfizer received a $12.0B cash distribution. Employee headcount transferred not disclosed. Separation-related costs were $434M in 2020 ($83M in 2019), recorded in discontinued operations and consisting mainly of professional fees and investment banking fees; MD&A states total expected separation costs of approximately $700M with ~70% incurred through December 31, 2020. Property portfolio reduced by 90 sites and 4M square feet primarily due to the spin-off.
2020-12-31divestiture_reductioncompleted2020-11-132020-12-21JapanMylan-Japan collaboration (formerly part of Upjohn operating segment)discontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Termination, under an agreement dated November 13, 2020, of the pre-existing strategic collaboration between Pfizer and Mylan for generic drugs in Japan; related inventories and operations were transferred to Viatris on December 21, 2020. Reported within discontinued operations alongside the Upjohn Business. Employee headcount affected not disclosed.
2020-12-31restructuringin_progress2019-10-012022-12-31GlobalCorporate enabling functions, R&D, PGS platform functions, and manufacturing networkUSD 896 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Transforming to a More Focused Company program. 2020 costs of $896M include $556M restructuring charges (of which $474M employee terminations) plus transaction and integration costs. Program totals: $1.6B corporate enabling functions (2020-2022) plus $500M manufacturing network optimization; $900M incurred from Q4 2019 inception through 2020-12-31. No employee-affected count disclosed.
2020-12-31divestiture_reductioncompleted2019-07-292020-11-16GlobalUpjohn Business (global off-patent branded and generics)USD 434 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Spin-off and combination with Mylan to form Viatris completed 2020-11-16; net assets of $1.9B distributed. Separation-related costs of $434M incurred in 2020, recorded in discontinued operations. No employee count transferred disclosed.
2020-12-31plant_closurein_progress2020-12-31GlobalPharmaceutical Supply (PGS) manufacturing networkItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
PGS had responsibility for 43 plants at year-end and expects to exit five sites over the next several years. No employee counts or charges tied to these exits disclosed; announcement date is the filing's disclosure date.
2020-12-31restructuringin_progress2019-10-012022-12-31GlobalCorporate Enabling Functions, ManufacturingUSD 900 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Program started in Q4 2019. Costs incurred through Dec 31, 2020 were $900 million. Total expected costs $2.1 billion ($1.6B corporate enabling + $500M manufacturing). No specific employee count disclosed for this program in the 10-K.
2020-12-31divestiture_reductioncompleted2020-11-162020-11-16GlobalUpjohn BusinessItem_1_Business
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Spin-off and combination of Upjohn Business with Mylan to form Viatris. Financial results reflected as discontinued operations. No specific headcount reduction number provided for Pfizer remaining entity.
2020-12-31restructuringin_progress2019-10-012022-12-31GlobalCorporate Enabling FunctionsUSD 556 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Transforming to a More Focused Company program. 2020 charges mainly represent employee termination costs. Program expected to incur $1.6 billion pre-tax costs from 2020-2022.
2020-12-31restructuringin_progress2019-10-012022-12-31GlobalManufacturingMD&A
f5-10k / Qwen3.6-27B-Q8_0
Manufacturing network optimization. Expected targeted net cost savings of $300 million from 2020-2022. Specific employee count not disclosed in 2020 filing.
2020-12-31restructuringin_progressUSD 556,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progressCost Reduction Initiatives [Member]USD 556,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progressEmployee Severance [Member]USD 474,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progressAsset Impairments [Member]USD 88,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-12-31restructuringin_progressOther Restructuring [Member]USD -6,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2020-09-27restructuringin_progress2019-10-012022-12-31Corporate enabling functions; manufacturing network optimizationUSD 621 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Transforming to a More Focused Company program; expected pre-tax costs of approximately $1.2 billion for corporate enabling functions plus approximately $500 million for manufacturing network optimization, incurred 2020-2022; approximately $600 million incurred from program start through September 27, 2020. Nine-month 2020 employee termination costs of $357 million; no employee counts disclosed.
2020-09-27divestiture_reductionannounced2019-07-292020-11-16Upjohnsubsequent_events
f5-10q / GLM-5.3-flash-fp4-HTML
Spin-off of Upjohn and combination with Mylan to form Viatris expected to close November 16, 2020; separation costs of approximately $700 million expected, of which approximately 40% incurred through the first nine months of 2020. No affected-employee headcount disclosed.
2020-09-27restructuringin_progress2019-10-012022-12-31GlobalCorporate enabling functions, WRDM, GPD, manufacturing, commercial operationsUSD 621 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Program titled 'Transforming to a More Focused Company'. Costs incurred YTD 2020 were $621 million. Employee termination costs were $357 million. No specific headcount reduction figure was disclosed.
2020-09-27restructuringin_progress2019-10-012022-12-31GlobalCorporate enabling functions, Manufacturing, R&D, CommercialUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Transforming to a More Focused Company program. Q3 2020 charges of $4M include $6M Biopharma charge, $3M Upjohn credit, $7M Other credit. Program expected to cost ~$1.2B pre-tax through 2022.
2020-09-27restructuringin_progress2019-10-012022-12-31GlobalManufacturingUSD 48 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Manufacturing network optimization component of Transforming to a More Focused Company program. Q3 2020 implementation costs of $48M. Program expected to cost ~$500M pre-tax through 2022.
2020-09-27restructuringin_progressUSD -4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-27restructuringin_progressOperating Segments [Member] / Biopharma Segment [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-27restructuringin_progressOperating Segments [Member] / Upjohn Segment [Member]USD -3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-27restructuringin_progressSegment Reconciling Items [Member]USD -7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-27restructuringin_progressEmployee Severance [Member]USD 357,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-27restructuringin_progressAsset Impairments [Member]USD 45,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-09-27restructuringin_progressOther Restructuring [Member]USD -9,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-28restructuringin_progress2019-10-012022-12-31Corporate enabling functions; R&D, Manufacturing and CommercialUSD 346 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Transforming to a More Focused Company program; Q2 2020 employee termination costs of $346 million, primarily severance. Program expected to total ~$1.2 billion pre-tax from 2020 through 2022, substantially all cash. Cumulative ~$549 million incurred since Q4 2019 inception.
2020-06-28restructuringin_progress2019-10-012022-12-31Corporate enabling functions; R&D, Manufacturing and CommercialUSD 371 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Six-month (YTD) employee termination costs of $371 million under the Transforming to a More Focused Company program. Restructuring accrual for employee termination costs rose from $887 million at December 31, 2019 to $918 million at June 28, 2020.
2020-06-28restructuringin_progress2019-07-292020-12-31UpjohnMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Separation of Upjohn for combination with Mylan (Viatris); Pfizer expects ~$700 million of separation costs, of which ~30% incurred through the first six months of 2020. Includes legal entity separation and anticipated transaction costs.
2020-06-28restructuringin_progress2019-10-012022-12-31GlobalCorporate enabling functions, WRDM, GPD, and other manufacturing and commercial operationsUSD 1,200 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Transforming to a More Focused Company program; ~$1.2B pre-tax cost 2020-2022, substantially all cash. ~$549M incurred from Q4 2019 through June 28, 2020. Employee headcount impact not disclosed.
2020-06-28restructuringin_progress2019-10-012022-12-31GlobalManufacturingUSD 400 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Legacy manufacturing cost-reduction initiatives; ~20% non-cash. Expected net cost savings ~$200M. Employee headcount impact not disclosed.
2020-06-28divestiture_reductioncompleted2019-07-292020-12-31GlobalUpjohnMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Upjohn spin-off/combination with Mylan to form Viatris; ~$700M separation costs expected, ~30% incurred through H1 2020. Headcount transfer not quantified.
2020-06-28restructuringin_progress2019-10-012022-12-31GlobalCorporate Enabling Functions, Manufacturing, CommercialUSD 549 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Program titled 'Transforming to a More Focused Company'. Total expected costs approx $1.2B. $549M incurred through June 28, 2020. Includes severance, exit costs, and implementation costs. No specific employee count disclosed in this filing.
2020-06-28restructuringin_progress2019-10-012022-12-31GlobalManufacturingUSD 400 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Legacy cost reduction initiatives primarily related to manufacturing activities. Expected total costs approx $400M. 20% non-cash. No specific employee count disclosed.
2020-06-28restructuringin_progress2019-10-012022-12-31GlobalCorporate enabling functions, Manufacturing, CommercialUSD 340 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of 'Transforming to a More Focused Company' program. Q2 2020 charges mainly represent employee termination costs. Total program expected to cost ~$1.2B pre-tax through 2022.
2020-06-28restructuringin_progress2019-10-012022-12-31GlobalManufacturingUSD 6 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Legacy cost reduction initiatives related to manufacturing activities. Q2 2020 charge represents additional depreciation-asset restructuring.
2020-06-28restructuringin_progress2019-10-012022-12-31GlobalVariousUSD 75 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Implementation costs for non-acquisition-related cost-reduction/productivity initiatives. Q2 2020 total includes costs in Cost of sales, SI&A, and R&D.
2020-06-28restructuringin_progressUSD 340,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-28restructuringin_progressOperating Segments [Member] / Biopharma Segment [Member]USD -12,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-28restructuringin_progressOperating Segments [Member] / Upjohn Segment [Member]USD -1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-28restructuringin_progressSegment Reconciling Items [Member]USD 352,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-28restructuringin_progressEmployee Severance [Member]USD 371,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-28restructuringin_progressAsset Impairments [Member]USD 23,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-06-28restructuringin_progressOther Restructuring [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-29restructuringin_progress2019-10-012022-12-31Company-wide (R&D, Manufacturing, Commercial)USD 117 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Transforming to a More Focused Company initiative following GSK Consumer Healthcare JV and planned Upjohn-Mylan combination; multi-year program expected to total approximately $1.2 billion pre-tax through 2022, with roughly 10% non-cash; approximately $160 million incurred from Q4 2019 inception through March 29, 2020; Q1 2020 costs of $117 million composed primarily of this initiative; expected net cost savings of approximately $900 million over 2020-2022. No employee counts disclosed.
2020-03-29divestiture_reductionin_progress2019-07-292020-12-31UpjohnUSD 260 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Separation of Upjohn business for combination with Mylan (Viatris), expected to close in H2 2020; total separation costs expected at approximately $500 million, of which $260 million incurred since inception through Q1 2020, including legal-entity separation and anticipated transaction costs. No employee counts disclosed.
2020-03-29restructuringin_progress2019-10-012022-12-31GlobalEnterprise-wide (R&D, Manufacturing, Commercial and enabling functions)USD 1,200 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Multi-year program initiated Q4 2019 to align cost base after GSK Consumer Healthcare JV and pending Upjohn/Mylan combination; ~$160M incurred through 2020-03-29; ~10% non-cash; no employee headcount disclosed. Q1 2020 restructuring charges were $56M including $25M employee termination costs.
2020-03-29divestiture_reductionin_progress2019-07-292020-12-31GlobalUpjohnUSD 500 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Upjohn separation costs of ~$500M expected, $260M incurred through Q1 2020; no headcount figures disclosed. Transaction anticipated to close in second half of 2020.
2020-03-29restructuringin_progress2019-10-012022-12-31GlobalCorporate and Other UnallocatedUSD 117 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Initiative titled 'Transforming to a More Focused Company' began in Q4 2019. Total expected pre-tax costs approx $1.2 billion through 2022. Q1 2020 incurred costs of $117 million, composed primarily of this initiative. Includes severance, benefit plan impacts, exit costs, and implementation costs.
2020-03-29restructuringin_progress2019-10-012022-12-31GlobalCorporate and Other UnallocatedUSD 160 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Initiative 'Transforming to a More Focused Company' began in Q4 2019. $160M incurred through March 29, 2020. Total expected cost ~$1.2B. Employee count not disclosed.
2020-03-29restructuringin_progressUSD 56,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-29restructuringin_progressOperating Segments [Member] / Biopharma Segment [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-29restructuringin_progressOperating Segments [Member] / Upjohn Segment [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-29restructuringin_progressSegment Reconciling Items [Member]USD 41,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-29restructuringin_progressEmployee Severance [Member]USD 25,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-29restructuringin_progressAsset Impairments [Member]USD 31,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2020-03-29restructuringin_progressOther Restructuring [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-12-31divestiture_reductioncompleted2018-12-192019-07-31GlobalConsumer Healthcare (over-the-counter medicines business)other
f5-10k / GLM-5.3-flash-HTML
Pfizer contributed its Consumer Healthcare business to a joint venture with GSK, completed July 31, 2019, receiving a 32% equity stake; recognized a pre-tax gain of approximately $8.1 billion ($5.4 billion after tax). Employee headcount transferred was not disclosed.
2019-12-31divestiture_reductionannounced2019-07-292020-06GlobalUpjohnUSD 500 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML
All-stock Reverse Morris Trust combination of Upjohn with Mylan to create Viatris; Pfizer shareholders to own 57%. Approximately $500 million of expected separation costs, inclusive of $145 million incurred in 2019 (consulting, legal, tax, advisory). Anticipated to close in mid-2020; affected headcount not disclosed.
2019-12-31acquisition_additioncompleted2019-07-302019-07-30United StatesOncology (Biopharma)USD 157 (millions)business_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Acquired Array BioPharma for $48 per share (total consideration ~$11.2 billion); workforce added not quantified. $157 million paid to Array employees for previously unvested stock options, recorded as post-closing compensation expense; total 2019 Array integration costs were $288 million.
2019-12-31restructuringcompleted2019-012019-12-31GlobalBiopharma, Upjohn and other functionsUSD 239 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Fiscal-year 2019 employee termination cost provision tied to the organizational realignment (Organizing for Growth / 2017-2019 initiatives); program substantially complete by year-end 2019. Total 2019 restructuring charges were $373 million (Biopharma $118M, Upjohn $75M, Other $180M); employee termination accrual balance $887 million at December 31, 2019. The 2019 severance provision also includes Transforming-to-a-More-Focused-Company termination costs, which partially overlap with the separate Transforming action record.
2019-12-31restructuringin_progress2019-122022-12-31GlobalR&D, Manufacturing and Commercial functions; savings primarily in procurement and enabling functionsUSD 1,400 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Multi-year cost-base alignment initiated in Q4 2019 following the Consumer Healthcare JV and pending Upjohn combination; expected total pre-tax costs of approximately $1.4 billion through 2022 (~10% non-cash), with $87 million incurred in 2019; expected net cost savings of about $1.0 billion over 2020-2022.
2019-12-31restructuringin_progress2019-10-012022-12-31GlobalCorporate, R&D, Manufacturing and Commercial enabling functionsUSD 1,400 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Transforming to a More Focused Company multi-year program; ~$1.4B total pre-tax cost through 2022 (~10% non-cash), ~$1.0B net savings targeted over 2020-2022. $87M of costs incurred in 2019. Headcount affected not disclosed.
2019-12-31restructuringcompleted2018-10-012019-12-31GlobalCompany-wide (2017-2019 Initiatives and Organizing for Growth)USD 695 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Costs incurred in 2019 for the combined 2017-2019 and Organizing for Growth program; program substantially completed. Cumulative 2017-2019: ~$2.1B costs and ~$1.6B savings, of which ~$500M reinvested. Headcount affected not disclosed.
2019-12-31acquisition_additioncompleted2019-07-302019-07-30United StatesBiopharma — OncologyUSD 11,200 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Array BioPharma for $48/share cash; total consideration ~$11.2B ($10.9B net of cash). Headcount added not disclosed.
2019-12-31acquisition_additioncompleted2019-07-012019-07-01SwitzerlandBiopharma — Rare DiseaseUSD 322 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Asset acquisition of Therachon for $340M upfront plus up to $470M milestones; total consideration ~$322M. Headcount added not disclosed.
2019-12-31divestiture_reductioncompleted2019-07-312019-07-31GlobalConsumer Healthcarebusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Consumer Healthcare business contributed to GSK Consumer Healthcare JV (Pfizer 32% / GSK 68%); business deconsolidated. Headcount transferred not disclosed. 2019 results reflect 7 months domestic / 8 months international operations.
2019-12-31divestiture_reductionannounced2019-07-292020-06-30GlobalUpjohnUSD 500 (millions)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
All-stock Reverse Morris Trust combination of Upjohn with Mylan to form Viatris; expected close mid-2020. ~$500M separation costs expected, including $145M incurred in 2019. Headcount affected not disclosed.
2019-12-31restructuringin_progress2019-10-012022-12-31GlobalCorporate and Platform FunctionsUSD 1,400 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Initiated in Q4 2019 to align cost base with Biopharma revenue base following Consumer Healthcare JV and pending Upjohn/Mylan combination. Total expected pre-tax costs of $1.4 billion through 2022. Includes severance, exit costs, and implementation costs.
2019-12-31restructuringcompleted2017-01-012019-12-31GlobalManufacturing and Corporate FunctionsUSD 695 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
2017-2019 Initiatives and Organizing for Growth program. $695 million incurred in 2019. Program substantially completed by year-end.
2019-12-31restructuringin_progress2019-10-012022-12-31GlobalR&D, Manufacturing, CommercialUSD 1 (billions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Initiated in Q4 2019 to align cost base with Biopharma revenue. Total expected pre-tax cost $1.4 billion through 2022. Includes severance, exit costs, and implementation costs.
2019-12-31restructuringcompleted2017-01-012019-12-31GlobalVariousUSD 2 (billions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Combined 2017-2019 initiatives and Organizing for Growth. Incurred approx $2.1 billion in costs over 2017-2019. Program substantially completed.
2019-12-31acquisition_additioncompleted2019-07-302019-07-30GlobalBiopharmabusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquired Array BioPharma Inc. on July 30, 2019. Employee headcount not explicitly disclosed.
2019-12-31acquisition_additioncompleted2019-07-012019-07-01GlobalBiopharmabusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquired remaining shares of Therachon Holding AG on July 1, 2019. Employee headcount not explicitly disclosed.
2019-12-31divestiture_reductioncompleted2019-07-312019-07-31GlobalConsumer Healthcarediscontinued_operations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Combined Consumer Healthcare business with GSK to form joint venture on July 31, 2019. Employee headcount not explicitly disclosed.
2019-12-31restructuringin_progressUSD 373,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressOperating Segments [Member] / Biopharma Segment [Member]USD 118,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressOperating Segments [Member] / Upjohn Segment [Member]USD 75,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressSegment Reconciling Items [Member]USD 180,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressEmployee Severance [Member]USD 239,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressAsset Impairments [Member]USD 81,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-12-31restructuringin_progressOther Restructuring [Member]USD 53,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2019-09-29restructuringin_progress2019-12-31Company-wide (2017-2019 initiatives and Organizing for Growth)USD 64 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Third-quarter 2019 restructuring charges mainly represent employee termination costs associated with cost-reduction and productivity initiatives; no employee counts disclosed.
2019-09-29acquisition_additioncompleted2019-07-302019-07-30Biopharma (Oncology)USD 157 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Payments to Array employees for fair value of previously unvested stock options recognized as post-closing compensation expense; headcount added via acquisition not disclosed.
2019-09-29restructuringin_progress2018-10-012022-12-31GlobalManufacturing and Corporate FunctionsUSD 110 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Part of 2017-2019 initiatives and Organizing for Growth. Q3 2019 charges include $82M employee terminations, $3M asset impairments, and $1M exit costs. Total program expected to cost ~$2.5B over 2017-2019 and beyond.
2019-09-29acquisition_additioncompleted2019-07-302019-07-30GlobalBiopharmaUSD 272 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Array BioPharma Inc. Q3 2019 integration costs include $157M for fair value of unvested stock options and $65M transaction costs.
2019-09-29acquisition_additioncompleted2019-07-012019-07-01GlobalBiopharmaUSD 337 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Therachon Holding AG. Charge recorded in R&D expenses for asset acquisition.
2019-09-29restructuringin_progress2018-10-01GlobalBiopharma, Upjohn, OtherUSD 83 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of 2017-2019 Initiatives and Organizing for Growth. Q3 2019 charges mainly represent employee termination costs. Biopharma ($10M charge), Upjohn ($6M credit), Other ($79M charge).
2019-09-29acquisition_additioncompleted2019-07-30GlobalBiopharmaUSD 217 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Array BioPharma Inc. Integration costs include $157M in payments to Array employees for unvested stock options recognized as post-closing compensation expense.
2019-09-29restructuringin_progress2018-10-01GlobalBiopharma, Upjohn, OtherUSD -50 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
YTD 2019 restructuring credits mostly represent reversal of accruals related to Wyeth acquisition upon favorable IRS settlement. Biopharma ($38M credit), Upjohn ($27M credit), Other ($15M charge).
2019-09-29restructuringin_progressUSD 83,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-29restructuringin_progressOperating Segments [Member] / Biopharma Segment [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-29restructuringin_progressOperating Segments [Member] / Upjohn Segment [Member]USD -6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-29restructuringin_progressCorporate And Reconciling Items [Member]USD 79,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-29restructuringin_progressEmployee Severance [Member]USD -86,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-29restructuringin_progressAsset Impairments [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-09-29restructuringin_progressOther Restructuring [Member]USD 33,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30divestiture_reductioncompleted2018-12-192019-07-31GlobalConsumer Healthcarerestructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Consumer Healthcare business combined with GSK's consumer healthcare business into a joint venture; Pfizer received a 32% equity stake and deconsolidated the business on July 31, 2019. Employee headcount transferred to GSK Consumer Healthcare Holdings Limited per Exhibit 10.1 (PSSP Amendment No. 6).
2019-06-30acquisition_additioncompleted2019-07-302019-07-30United StatesBiopharma (Oncology)USD 11 (billions)subsequent_events
f5-10q / GLM-5.3-flash-fp4-HTML
Acquired Array BioPharma for $48 per share in cash; total enterprise value approximately $11.4 billion, financed mostly with debt. Headcount added not disclosed.
2019-06-30acquisition_additioncompleted2019-07-012019-07-01GlobalRare DiseaseUSD 340 (millions)subsequent_events
f5-10q / GLM-5.3-flash-fp4-HTML
Acquired remaining shares of Therachon for $340 million upfront plus up to $470 million in milestone payments. Headcount added not disclosed.
2019-06-30divestiture_reductionannounced2019-07-292020-06-30GlobalUpjohnsubsequent_events
f5-10q / GLM-5.3-flash-fp4-HTML
All-stock Reverse Morris Trust transaction; Upjohn to be spun off or split off to Pfizer shareholders and combined with Mylan. Pfizer shareholders to own 57% of the combined company. Anticipated close mid-2020.
2019-06-30plant_closurecompleted2019-01-01IndiaHospital (sterile injectables manufacturing)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Following an FDA warning letter in March 2019 related to cGMP violations, Pfizer announced in January 2019 its intention to exit the Irungattukottai (IKKT) facility in Chennai due to long-term loss of product demand; the site has been closed. Affected headcount not disclosed.
2019-06-30restructuringin_progressGlobalBiopharma, Upjohn, and corporate functionsUSD -69 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Combined 2017-2019 and Organizing for Growth program; net credit of $69M in 1H 2019 driven by reversal of Wyeth accruals after IRS settlement. No employee counts disclosed. Program targets ~$1.9B savings with ~$2.5B total costs through 2019 plus ~$500M beyond.
2019-06-30plant_closurecompleted2019-01IndiaManufacturing — Irungattukottai (IKKT) facility, ChennaiMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Site exited and closed due to long-term loss of product demand; production paused after FDA warning letter. No headcount associated with closure disclosed.
2019-06-30acquisition_additioncompleted2019-07-012019-07-01GlobalRare Disease (Biopharma)USD 340 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Therachon Holding AG for $340M upfront plus up to $470M milestones; no headcount added disclosed.
2019-06-30acquisition_additioncompleted2019-07-302019-07-30United StatesOncology (Biopharma)USD 11,400 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Array BioPharma at $48/share, ~$11.4B enterprise value, financed mostly with debt; no headcount added disclosed.
2019-06-30divestiture_reductioncompleted2019-07-312019-07-31GlobalConsumer Healthcaresubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Consumer Healthcare combined with GSK into a JV; Pfizer received 32% equity stake. Business deconsolidated; no headcount removed disclosed.
2019-06-30otherannounced2019-07-292020-06-30GlobalUpjohnsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to combine Upjohn with Mylan in all-stock Reverse Morris Trust; Upjohn to be spun off to Pfizer shareholders. Anticipated close mid-2020; no headcount impact disclosed.
2019-06-30restructuringin_progress2018-10-012019-12-31GlobalBiopharma, Upjohn, CorporateUSD -115 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Part of 2017-2019 initiatives and Organizing for Growth. Q2 2019 net credit of $115M includes reversal of accruals related to Wyeth acquisition tax settlement. Total expected 2019 charges approx $600M.
2019-06-30restructuringin_progress2018-10-012019-12-31GlobalBiopharma, Upjohn, CorporateUSD -69 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
YTD 2019 net credit of $69M. Includes $199M reversal of accruals for Wyeth tax settlement. Total expected 2019 charges approx $600M.
2019-06-30othercompleted2019-02-072019-08-05United StatesCorporatesubsequent_events
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Accelerated share repurchase agreement with GS&Co. to repurchase approx $6.8B of common stock. Completed August 1, 2019. Final settlement August 5, 2019.
2019-06-30restructuringin_progressGlobalBiopharma, Upjohn, and OtherUSD -115 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Net restructuring credit of $115 million for Q2 2019, primarily due to reversal of accruals from favorable IRS settlement related to Wyeth acquisition. No specific employee count disclosed.
2019-06-30restructuringin_progressGlobalBiopharma, Upjohn, and OtherUSD -69 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Net restructuring credit of $69 million for the six months ended June 30, 2019. Includes $180 million in charges for 2017-2019 initiatives and Organizing for Growth, partially offset by $199 million in income from IRS settlement reversals.
2019-06-30plant_closurecompleted2019-01IndiaManufacturingMD&A
f5-10q / Qwen3.6-27B-Q8_0
Pfizer announced intention to exit the Irungattukottai (IKKT) manufacturing facility in Chennai, India, in January 2019 due to long-term loss of product demand. The site has since been closed.
2019-06-30restructuringin_progressUSD -144,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressOperating Segments [Member] / Biopharma Segment [Member]USD -62,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressOperating Segments [Member] / Upjohn Segment [Member]USD -9,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressCorporate And Reconciling Items [Member]USD -74,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressEmployee Severance [Member]USD -167,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressAsset Impairments [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-06-30restructuringin_progressOther Restructuring [Member]USD 34,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31plant_closureannounced2019-012019-12-31Chennai, IndiaHospital (legacy Hospira sterile injectables manufacturing)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Pfizer announced in January 2019 its intention to exit the IKKT facility in Chennai, India as soon as possible in 2019, following an FDA warning letter and long-term loss of product demand. No employee count disclosed.
2019-03-31divestiture_reductionin_progress2018-12-192019-12-31GlobalConsumer Healthcarerestructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Consumer Healthcare business to be contributed to a GSK joint venture (Pfizer 32% stake); assets and liabilities reclassified as held for sale. Expected to close in second half of 2019. No headcount disclosed.
2019-03-31restructuringin_progressGlobalBiopharma, Upjohn, and corporate functionsUSD 46 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Combined 2017-2019 and Organizing for Growth program; Q1 charges of $46M (restructuring $10M, integration $36M). No employee count disclosed. Full-year 2019 charges expected ~$800M.
2019-03-31plant_closureannounced2019-01-312019-12-31IndiaManufacturing — Irungattukottai (IKKT) facility, ChennaiMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pfizer announced intention in January 2019 to exit the IKKT facility as soon as possible in 2019 due to long-term loss of product demand; production already paused. No headcount disclosed.
2019-03-31restructuringin_progress2018-10-012019-12-31GlobalBiopharma, Upjohn, CorporateUSD 92 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Part of the combined 2017-2019 initiatives and Organizing for Growth plan. Q1 2019 costs of $92 million include $64 million for these initiatives, $25 million for Hospira integration, and $3 million for other acquisition-related initiatives. Employee termination costs were a credit of $2 million. No specific headcount affected is disclosed for the current quarter.
2019-03-31restructuringin_progress2018-10-012019-12-31GlobalManufacturing, Corporate, Platform FunctionsUSD 64 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of '2017-2019 Initiatives and Organizing for Growth'. Q1 2019 incurred $64M associated with these initiatives. Employee termination provision was a credit of $2M. No specific headcount affected disclosed for this period.
2019-03-31restructuringin_progressGlobalHospira IntegrationUSD 25 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Integration costs related to Hospira acquisition. Q1 2019 incurred $25M. No specific headcount affected disclosed.
2019-03-31restructuringin_progressUSD 10,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressCorporate And Reconciling Items [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressOperating Segments [Member] / Biopharma Segment [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressOperating Segments [Member] / Upjohn Segment [Member]USD -13,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressAsset Impairments [Member]USD 9,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressEmployee Severance [Member]USD -2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2019-03-31restructuringin_progressOther Restructuring [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-12-31restructuringin_progress20182019Innovative Health (IH)USD 176 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
IH-attributed portion of 2018 restructuring charges under the combined 2017–2019 cost-reduction and Organizing for Growth (OFG) programs; combined program targets ~$1.9B annual savings at ~$2.2B expected cost over 2017–2019, with ~$800M of charges expected in 2019, tied to the realignment into three businesses (Biopharma, Upjohn, Consumer Healthcare) effective at the start of fiscal 2019.
2018-12-31restructuringin_progress20182019Essential Health (EH)USD 31 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
EH-attributed portion of 2018 restructuring charges under the combined 2017–2019 cost-reduction and OFG programs; 2018 charges primarily employee terminations and asset write-downs ahead of the 2019 organizational realignment.
2018-12-31restructuringin_progress20182019WRD/GPD (Worldwide Research and Development / Global Product Development)USD 135 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
R&D-organization-attributed portion of 2018 restructuring charges; Q4 2018 actions simplified the organization, increased spans of control and reduced layers, impacting managerial roles with special termination benefits and severance recorded in the quarter.
2018-12-31restructuringin_progress20182019Manufacturing operationsUSD 403 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Largest component of 2018 restructuring charges, covering manufacturing network optimization; cumulative program costs through December 31, 2018 included ~$713M for manufacturing optimization, and 2018 charges include a small acquisition-related component (net $37M) tied to residual Hospira integration.
2018-12-31restructuringin_progress20182019CorporateUSD 38 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Corporate-attributed portion of 2018 restructuring charges; 2018 employee termination provision totaled $459M across the program, with employee termination costs associated with improving operational effectiveness for the realignment effective at the beginning of 2019.
2018-12-31voluntary_separationin_progress20182019United Statesother
f5-10k / GLM-5.3-flash-HTML
Pfizer adopted pension enhancements (VERP) and enhanced severance (Special Separation Program) for eligible U.S. employees electing voluntary early retirement or involuntarily terminated under the OFG model; SSP notification window ran from December 21, 2018 through August 2, 2019, with VERP positions to be eliminated by June 26, 2019; Puerto Rico employees excluded.
2018-12-31divestiture_reductionannounced2018-12-192019GlobalConsumer Healthcare (IH segment)Item_1_Business
f5-10k / GLM-5.3-flash-HTML
Definitive agreement to combine Pfizer's Consumer Healthcare business with GSK's into a new JV (Pfizer 32% / GSK 68%); Consumer Healthcare assets ($9.7B) and liabilities ($1.9B) reclassified as held for sale at December 31, 2018, with deconsolidation at closing; expected to close in the second half of 2019 — associated headcount removal not quantified.
2018-12-31restructuringin_progress2018-10-012019-12-31GlobalEnterprise-wide (IH, EH, WRD/GPD, manufacturing, Corporate)USD 459 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
2018 employee termination costs of $459M across all restructuring programs; charges relate to Organizing for Growth realignment effective at the beginning of 2019. Headcount affected not disclosed. Announcement date approximated to Q4 2018 when actions were taken.
2018-12-31voluntary_separationin_progress2018-12-212019-08-02United StatesEnterprise-wideother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Special Separation Program for involuntary terminations tied to Organizing for Growth; eligibility window for Official Notification Date from 2018-12-21 to 2019-08-02. Related Voluntary Early Retirement Program (VERP) also referenced in Exhibit 10.7. Affected headcount not disclosed.
2018-12-31divestiture_reductionannounced2018-12-192019-12-31GlobalConsumer HealthcareItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement with GSK to combine consumer healthcare businesses into a joint venture; Pfizer to receive 32% equity stake. Assets and liabilities reclassified as held for sale at 2018-12-31. Expected close in second half of 2019. Headcount to be transferred not disclosed.
2018-12-31restructuringcompleted2018-10-01GlobalVariousUSD 745 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Employee termination costs associated with improvements to operational effectiveness as part of the realignment of organizational structure effective at the beginning of 2019 (Organizing for Growth initiative). Charges primarily related to employee termination costs and asset write downs.
2018-12-31restructuringcompleted2015-09-01GlobalVariousUSD 37 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition-related restructuring charges primarily due to asset write downs, partially offset by reversal of previously recorded accruals for employee termination costs related to Hospira acquisition.
2018-12-31restructuringin_progress2018-10-012019-12-31GlobalCorporate and Platform FunctionsUSD 745 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Part of 2017-2019 initiatives and Organizing for Growth. Charges primarily related to employee termination costs and asset write downs. Total expected costs for combined programs approx $2.2 billion over 2017-2019.
2018-12-31voluntary_separationcompleted2018-12-312018-12-31United StatesVariousItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Voluntary Early Retirement Program (VERP) and Special Separation Program (SSP) offered in connection with Organizing for Growth. Eligible employees elected to terminate or were involuntarily terminated.
2018-12-31restructuringin_progressUSD 782,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressCorporate, Non-Segment [Member]USD 38,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressSegment Reconciling Items [Member] / Manufacturing Operations [Member]USD 403,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressSegment Reconciling Items [Member] / Worldwide Research and Development and Global Product Development [Member]USD 135,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressOperating Segments [Member] / Essential Health Segment [Member]USD 31,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressOperating Segments [Member] / Innovative Health Segment [Member]USD 176,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressAsset Impairments [Member]USD 290,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressEmployee Severance [Member]USD 459,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-12-31restructuringin_progressOther Restructuring [Member]USD 33,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2018-09-30restructuringin_progress2017-01-012019-12-31Enterprise-wide (manufacturing plant network optimization and non-manufacturing centralization)USD 226 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
2017-2019 enterprise-wide cost-reduction/productivity initiatives; $226 million incurred in first nine months of 2018; total program costs expected at approximately $1.2 billion with targeted savings of approximately $1.4 billion by 2020; no employee counts disclosed.
2018-09-30restructuringin_progress2015-09-01Hospira integrationUSD 186 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Costs associated with integration of Hospira; $186 million incurred in first nine months of 2018; total one-time costs expected at approximately $1 billion, majority incurred within three years post-acquisition; no employee counts disclosed.
2018-09-30divestiture_reductioncompleted2018-04-022018-05-30Allogeneic CAR T therapy program (Worldwide Research, Development and Medical)USD 50 (millions)other
f5-10q / GLM-5.3-flash-fp4-HTML
Legacy Allogene Employees transferred to Allogene Therapeutics, Inc. on April 30, May 10, May 15 and May 30, 2018 under the Asset Contribution Agreement; number of transferred employees not disclosed; Pfizer recognized a non-cash $50 million pre-tax gain on the contribution.
2018-09-30restructuringannounced2018-07-012019-01-01Company-wide reorganization into three businesses (Innovative Medicines, Established Medicines, Consumer Healthcare)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Reorganization effective at the beginning of fiscal 2019; company expects to record a special termination benefit as well as severance in the fourth quarter of 2018; impact of voluntary and involuntary plans not yet known; no employee counts disclosed.
2018-09-30restructuringcompleted2018-01-012018-09-01Neuroscience discovery and early developmentUSD 343 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Decision announced January 2018 to end internal neuroscience discovery and early development efforts; portfolio of clinical and preclinical neuroscience assets contributed to Cerevel Therapeutics in September 2018 in exchange for a 25% ownership stake, generating a non-cash $343 million pre-tax gain; no employee counts disclosed.
2018-09-30restructuringin_progress2017-01-012019-12-31GlobalEnterprise-wideUSD 172 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Cost-reduction/productivity initiatives initiated in early 2017, expected to substantially complete by end of 2019. Includes manufacturing optimization and corporate centralization. Employee count not disclosed.
2018-09-30restructuringin_progress2015-09-012018-12-31GlobalHospira IntegrationUSD 186 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Integration costs associated with Hospira acquisition. Majority of costs incurred within three-year post-acquisition period. Employee count not disclosed.
2018-09-30othercompleted2018-01-012018-03-31GlobalAll Colleagues (excluding executives)USD 119 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Special one-time bonus paid to virtually all Pfizer colleagues, excluding executives, following TCJA enactment. Classified as 'Certain Significant Items' in Adjusted Income reconciliation.
2018-09-30restructuringin_progress2017-01-012019-12-31GlobalManufacturing and Corporate/Platform FunctionsUSD 186 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Enterprise-wide cost reduction/productivity initiatives initiated in early 2017. Q3 2018 charges of $186M include integration costs ($82M) and restructuring charges ($1M). Employee termination credits of $24M recorded. Program expected to substantially complete by end of 2019.
2018-09-30restructuringin_progress2015-09-01GlobalHospira IntegrationUSD 186 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Integration of Hospira acquisition. Q3 2018 charges included in the $186M total above. Majority of costs incurred within three-year post-acquisition period.
2018-09-30otherannounced2018-09-30GlobalCorporate and Platform FunctionsMD&A
f5-10q / Qwen3.6-27B-Q8_0
Company announced steps to simplify organization, increase spans of control, and reduce layers. Managerial roles and responsibilities expected to be impacted. Voluntary and involuntary plans expected to result in special termination benefits and severance recorded in Q4 2018.
2018-09-30restructuringin_progressUSD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progressCorporate, Non-Segment [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progressSegment Reconciling Items [Member] / Manufacturing Operations [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progressSegment Reconciling Items [Member] / Worldwide Research and Development and Global Product Development [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progressOperating Segments [Member] / Essential Health Segment [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progressOperating Segments [Member] / Innovative Health Segment [Member]USD -13,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progressAsset Impairments [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progressEmployee Severance [Member]USD -53,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-09-30restructuringin_progressOther Restructuring [Member]USD 14,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-07-01restructuringin_progress2017-01-012019-12-31Enterprise-wide (manufacturing plant network optimization and non-manufacturing centralization)USD 152 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
2017-2019 enterprise-wide cost-reduction/productivity initiatives; $152 million of costs incurred in the first six months of 2018; program targets approximately $1.4 billion of savings by 2020 with total expected costs of approximately $1.2 billion over 2017-2019.
2018-07-01restructuringin_progress2015-02-012018-12-31Hospira integrationUSD 81 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Hospira integration costs of $81 million incurred in the first six months of 2018; total one-time costs expected to be approximately $1 billion, with $1 billion of annual cost savings targeted by end of 2018 (approximately $900 million achieved through July 1, 2018).
2018-07-01restructuringin_progressOther acquisition-related initiativesUSD 29 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Costs of $29 million incurred in the first six months of 2018 associated with all other acquisition-related initiatives.
2018-07-01divestiture_reductioncompleted2016-10-062018-09-30Global (remaining non-U.S. jurisdictions)Hospira Infusion Systems (HIS)USD 1 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Sale of HIS net assets to ICU Medical closed February 3, 2017; sales in remaining non-U.S. jurisdictions expected to be fully completed by Q3 2018; pre-tax loss of approximately $1 million in the first six months of 2018 in Other (income)/deductions—net.
2018-07-01restructuringin_progress2017-01-012019-12-31GlobalManufacturing OperationsUSD 283 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Cost-reduction initiative to optimize manufacturing plant network. $283M incurred through July 1, 2018 of approx $800M expected.
2018-07-01restructuringin_progress2017-01-012019-12-31GlobalCorporate and Platform FunctionsUSD 217 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Cost-reduction initiative for non-manufacturing areas including centralization. $217M incurred through July 1, 2018 of approx $400M expected.
2018-07-01restructuringin_progress2015-11-012018-12-31GlobalAll SegmentsUSD 81 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Hospira acquisition integration costs. $81M incurred in first six months of 2018. Total expected costs approx $1B.
2018-07-01restructuringin_progress2017-01-012019-12-31GlobalManufacturing and CorporateUSD 131 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2017-2019 cost-reduction/productivity initiatives. Q2 2018 charges include $44M restructuring/acquisition costs and $44M implementation costs. Employee termination credits of $21M recorded. Program expected to substantially complete by end of 2019.
2018-07-01restructuringin_progress2015-11-012018-12-31GlobalHospira IntegrationUSD 68 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Hospira integration costs. Q2 2018 includes $68M integration costs and $11M restructuring credits. Total expected one-time costs approx $1B.
2018-07-01restructuringin_progressUSD -24,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-07-01restructuringin_progressCorporate, Non-Segment [Member]USD -26,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-07-01restructuringin_progressSegment Reconciling Items [Member] / Manufacturing Operations [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-07-01restructuringin_progressOperating Segments [Member] / Essential Health Segment [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-07-01restructuringin_progressOperating Segments [Member] / Innovative Health Segment [Member]USD -12,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-07-01restructuringin_progressSegment Reconciling Items [Member] / Worldwide Research and Development and Global Product Development [Member]USD -2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-07-01restructuringin_progressAsset Impairments [Member]USD -4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-07-01restructuringin_progressEmployee Severance [Member]USD -29,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-07-01restructuringin_progressOther Restructuring [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-04-01restructuringin_progress2019-12-31GlobalEnterprise-wide (manufacturing, non-manufacturing)USD 1,100 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
2017-2019 enterprise-wide cost-reduction/productivity initiatives; ~$1.1B total expected costs. No employee count disclosed. Through April 1, 2018: ~$237M incurred on manufacturing plant network optimization and ~$195M on non-manufacturing activities.
2018-04-01restructuringin_progressGlobalHospira integrationUSD 1,000 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Hospira acquisition integration costs of ~$1B expected, majority within three-year post-acquisition period. No employee count disclosed. $27M incurred in Q1 2018.
2018-04-01restructuringin_progress2017-01-012019-12-31GlobalManufacturing and Non-ManufacturingUSD 83 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Enterprise-wide cost reduction/productivity initiatives initiated in early 2017. Includes manufacturing optimization and centralization of corporate functions. Total expected costs approx $1.1 billion through 2019.
2018-04-01restructuringin_progress2015-01-012018-12-31GlobalHospira IntegrationUSD 27 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Integration of Hospira acquisition. Total expected costs approx $1 billion over three-year post-acquisition period.
2018-04-01restructuringin_progress2017-01-012019-12-31GlobalManufacturing and CorporateUSD 83 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
2017-2019 cost-reduction/productivity initiatives. Q1 2018 incurred $83M costs. Total expected costs ~$1.1B. Employee count not disclosed.
2018-04-01restructuringin_progress2015-11-012018-12-31GlobalHospira IntegrationUSD 27 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Hospira integration costs. Q1 2018 incurred $27M. Total expected costs ~$1B. Employee count not disclosed.
2018-04-01restructuringin_progressGlobalOther AcquisitionsUSD 21 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Other acquisition-related initiatives. Q1 2018 incurred $21M. Employee count not disclosed.
2018-04-01restructuringin_progressCorporate, Non-Segment [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-04-01restructuringin_progressSegment Reconciling Items [Member] / Manufacturing Operations [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-04-01restructuringin_progressSegment Reconciling Items [Member] / Worldwide Research and Development and Global Product Development [Member]USD -2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-04-01restructuringin_progressOperating Segments [Member] / Essential Health Segment [Member]USD -14,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-04-01restructuringin_progressUSD -9,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-04-01restructuringin_progressAsset Impairments [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-04-01restructuringin_progressEmployee Severance [Member]USD -8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2018-04-01restructuringin_progressOther Restructuring [Member]USD -3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-12-31restructuringin_progress20172019-12-31GlobalManufacturing plant network optimizationUSD 197 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Manufacturing component of the enterprise-wide cost-reduction/productivity initiative initiated in early 2017; ~$800M in total costs expected over 2017-2019, of which $197M (restructuring charges, implementation costs and additional depreciation) was incurred through Dec 31, 2017 — cumulative equals FY2017 as the program began that year. Full program targets ~$1.4B annual savings by 2020 with ~$1.1B total costs, ~80% manufacturing-related. Employee headcount affected not disclosed.
2017-12-31restructuringin_progress20172019-12-31GlobalNon-manufacturing — centralization of corporate and platform functionsUSD 151 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Non-manufacturing component of the same enterprise-wide initiative; ~$300M in total costs expected over 2017-2019, of which $151M was incurred through Dec 31, 2017 (cumulative, equals FY2017). Employee headcount affected not disclosed.
2017-12-31restructuringin_progress2015-09-032018GlobalEssential Health — Hospira integrationUSD 319 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Multi-year integration program tied to the September 2015 Hospira acquisition; FY2017 costs of $319M incurred. Cumulative one-time costs expected at ~$1B (excluding $215M of 2015 IPR&D return costs), with the majority over the three-year period post-acquisition and targeted $1B in annual cost savings by 2018; ~$720M of savings achieved through Dec 31, 2017. Employees affected not disclosed.
2017-12-31divestiture_reductioncompleted2016-10-062017-02-03GlobalEssential Health — Hospira Infusion Systems (HIS)USD 55 (millions)other
f5-10k / GLM-5.3-flash-HTML
Global infusion systems net assets (IV pumps, solutions and devices) sold to ICU Medical for up to ~$900M (cash, contingent cash consideration, ICU Medical shares and seller financing). The $55M associated value is FY2017 pre-tax loss adjustments in Other (income)/deductions—net (fair value less costs to sell adjustments), not a severance charge. 2017 results include ~one month of HIS domestic and ~two months of HIS international operations versus 12 months in 2016. Headcount transferring with the business not disclosed.
2017-12-31acquisition_additioncompleted2016-12-222016-12-22Primarily outside the U.S.Essential Health — small molecule anti-infectivesbusiness_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Acquired development and commercialization rights (Zavicefta, Merrem/Meronem, Zinforo and clinical assets) for total consideration of ~$1,045M, including $490M contingent consideration (purchase consideration, not a workforce charge). Closed December 22, 2016, falling in Pfizer's first fiscal quarter of 2017 for international operations; ~11 months reflected in 2017 results. Headcount assumed with the business not disclosed.
2017-12-31divestiture_reductioncompleted2017-02-032017-02-03GlobalEssential Health — Hospira Infusion Systems (HIS)USD 55 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of HIS net assets closed February 3, 2017; pre-tax loss of approximately $55 million recognized in 2017. No employee headcount associated with the divestiture was disclosed.
2017-12-31restructuringin_progress2017-01-012019-12-31GlobalEnterprise-wide (manufacturing plant network optimization and non-manufacturing centralization)USD 348 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
2017-2019 enterprise-wide cost-reduction program; $348 million incurred in 2017 of approximately $1.1 billion total expected cost through 2019, targeting approximately $1.4 billion of annual savings by 2020. No employee headcount affected was disclosed.
2017-12-31restructuringin_progress2015-09-032018-12-31GlobalEssential Health — Hospira integrationUSD 319 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Hospira acquisition integration costs of $319 million incurred in 2017; program targets $1 billion of annual cost savings by 2018 with approximately $720 million achieved through December 31, 2017. No employee headcount affected was disclosed.
2017-12-31restructuringin_progress2017-01-012018-12-31GlobalOther acquisition-related initiatives (Medivation, Anacor)USD 137 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Costs associated with all other acquisition-related initiatives incurred in 2017. No employee headcount affected was disclosed.
2017-12-31restructuringcompleted2017-01-012017-12-31GlobalVariousUSD 178 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Total restructuring charges of $178 million recorded in 2017, comprising $109 million for acquisition-related costs (primarily Hospira and Medivation integration) and $69 million for cost-reduction initiatives. Specific employee headcount affected is not disclosed in the filing.
2017-12-31divestiture_reductioncompleted2017-02-032017-02-03GlobalEssential HealthItem_1_Business
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Sale of Hospira Infusion Systems (HIS) net assets to ICU Medical on February 3, 2017. Headcount associated with this divestiture is not explicitly disclosed.
2017-12-31restructuringin_progress2016-09-012019-12-31GlobalAll segmentsUSD 348 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
New enterprise-wide cost-reduction/productivity initiatives initiated in early 2017 following decision not to split IH and EH. Expected to complete by end of 2019. $348 million incurred in 2017.
2017-12-31restructuringin_progress2015-09-032018-12-31GlobalEssential HealthUSD 319 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Integration of Hospira acquisition. $319 million incurred in 2017.
2017-12-31restructuringin_progress2016-09-282018-12-31GlobalInnovative HealthUSD 137 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Integration of Medivation and Anacor acquisitions. $137 million incurred in 2017.
2017-12-31restructuringin_progressUSD 178,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressCorporate, Non-Segment [Member]USD 51,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressSegment Reconciling Items [Member] / Manufacturing Operations [Member]USD 115,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressSegment Reconciling Items [Member] / Worldwide Research and Development and Global Product Development [Member]USD 80,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressOperating Segments [Member] / Essential Health Segment [Member]USD -4,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressOperating Segments [Member] / Innovative Health Segment [Member]USD -64,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressAsset Impairments [Member]USD 190,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressEmployee Severance [Member]USD -34,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-12-31restructuringin_progressOther Restructuring [Member]USD 21,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2017-10-01restructuringin_progress2019-12-31Innovative HealthUSD 10 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Nine months ended October 1, 2017 restructuring charges for IH; part of enterprise-wide 2017-2019 cost-reduction/productivity initiatives
2017-10-01restructuringin_progress2019-12-31Essential HealthUSD -9 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Nine months ended October 1, 2017; net income (credit) of $9 million for EH restructuring activities
2017-10-01restructuringin_progress2019-12-31WRD/GPDUSD 29 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Nine months ended October 1, 2017 restructuring charges for WRD/GPD
2017-10-01restructuringin_progress2019-12-31Manufacturing operationsUSD 70 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Nine months ended October 1, 2017 restructuring charges for manufacturing operations
2017-10-01restructuringin_progress2019-12-31CorporateUSD 51 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Nine months ended October 1, 2017 restructuring charges for Corporate
2017-10-01divestiture_reductioncompleted2016-10-062018-03-31GlobalEssential Health — Hospira Infusion Systems (HIS)USD 52 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Sale of global infusion therapy net assets closed February 3, 2017; pre-tax losses of $52 million in first nine months of 2017 represent adjustments to prior write-down of HIS net assets; remaining non-U.S. jurisdiction sales expected complete by Q1 2018
2017-10-01otherin_progress2018-01-31Puerto RicoManufacturing operationsUSD 55 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Three manufacturing sites damaged and inoperable after hurricanes; $55 million recorded in Cost of sales for inventory losses, overhead during non-operational period, and incremental costs; full capacity expected early 2018
2017-10-01restructuringin_progress2017-01-012019-12-31GlobalEnterprise-wide (manufacturing operations and non-manufacturing functions)USD 1,000 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
2017-2019 enterprise-wide cost-reduction/productivity initiatives: ~$800M manufacturing plant network optimization and ~$200M non-manufacturing activities. Through Oct 1, 2017 incurred ~$122M and ~$131M respectively. ~20% of total charges expected non-cash. Targeted savings of ~$1.3B by 2020. No employee headcount disclosed.
2017-10-01restructuringin_progress2015-09-012018-12-31GlobalHospira integration (Essential Health)USD 1,000 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Hospira acquisition integration program; ~$1B expected costs over up to three years post-acquisition. ~$700M annual cost savings targeted by 2018. $238M incurred in first nine months of 2017. No employee headcount disclosed.
2017-10-01divestiture_reductioncompleted2016-10-062018-03-31GlobalEssential Health — Hospira Infusion Systems (HIS)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of HIS to ICU Medical closed Feb 3, 2017. Remaining non-U.S. jurisdiction transfers expected complete by Q1 2018. No employee headcount associated with the divestiture disclosed.
2017-10-01acquisition_additioncompleted2016-09-282016-09-28United StatesInnovative Health — Oncologybusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Medivation acquired for ~$14.3B. No employee headcount added disclosed.
2017-10-01acquisition_additioncompleted2016-06-242016-06-24United StatesInnovative Health — Inflammation & Immunologybusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Anacor acquired for ~$4.9B. No employee headcount added disclosed.
2017-10-01acquisition_additioncompleted2016-12-222016-12-22International (primarily outside U.S.)Essential Health — Anti-infectivesbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Development and commercialization rights acquired for ~$1,045M total consideration. No employee headcount added disclosed.
2017-10-01restructuringin_progress2017-01-012019-12-31GlobalManufacturing OperationsUSD 122 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Part of 2017-2019 enterprise-wide cost reduction initiative. Expected total costs for manufacturing optimization are $800 million. $122 million incurred through October 1, 2017. Employee count not disclosed.
2017-10-01restructuringin_progress2017-01-012019-12-31GlobalCorporate and Platform FunctionsUSD 131 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Part of 2017-2019 enterprise-wide cost reduction initiative. Expected total costs for centralization are $200 million. $131 million incurred through October 1, 2017. Employee count not disclosed.
2017-10-01restructuringin_progress2015-01-012018-12-31GlobalHospira IntegrationUSD 238 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Costs associated with the integration of Hospira. $238 million incurred in the first nine months of 2017. Employee count not disclosed.
2017-10-01restructuringin_progress2017-01-012019-12-31GlobalManufacturing operationsUSD 122 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of 2017-2019 cost-reduction initiatives; $800M expected total cost for manufacturing optimization.
2017-10-01restructuringin_progress2017-01-012019-12-31GlobalCorporate and platform functionsUSD 131 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of 2017-2019 cost-reduction initiatives; $200M expected total cost for non-manufacturing activities.
2017-10-01restructuringin_progress2015-01-012018-12-31GlobalHospira IntegrationUSD 238 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Integration of Hospira acquisition; $1B expected total cost over three-year period post-acquisition.
2017-10-01restructuringin_progressUSD 91,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-10-01restructuringin_progressOperating Segments [Member] / Innovative Health Segment [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-10-01restructuringin_progressOperating Segments [Member] / Essential Health Segment [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-10-01restructuringin_progressSegment Reconciling Items [Member] / Worldwide Research and Development and Global Product Development [Member]USD 15,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-10-01restructuringin_progressSegment Reconciling Items [Member] / Manufacturing Operations [Member]USD 47,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-10-01restructuringin_progressCorporate, Non-Segment [Member]USD 25,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-10-01restructuringin_progressEmployee Severance [Member]USD 9,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-10-01restructuringin_progressAsset Impairments [Member]USD 126,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-10-01restructuringin_progressOther Restructuring [Member]USD 16,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-07-02restructuringin_progress2017-01-012019-12-31Enterprise-wide (manufacturing plant network optimization and non-manufacturing centralization)USD 163 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
New 2017-2019 enterprise-wide cost-reduction/productivity initiatives; total expected costs approximately $900 million, of which about a quarter non-cash; approximately $91 million incurred for manufacturing network optimization and $73 million for non-manufacturing activities through July 2, 2017; targeted savings of approximately $1.2 billion by 2020. No employee counts disclosed.
2017-07-02restructuringin_progress2015-02-012018-12-31Hospira integrationUSD 107 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Costs of $107 million incurred in the first six months of 2017 for Hospira integration; total expected integration costs approximately $1 billion over up to three years post-acquisition; approximately $700 million of the targeted $1 billion annual cost savings achieved through July 2, 2017. No employee counts disclosed.
2017-07-02divestiture_reductioncompleted2016-10-062018-03-31Global (certain non-U.S. jurisdictions pending)Essential Health — Hospira Infusion Systems (HIS)USD 64 (millions)business_combinations_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Sale of global infusion therapy net assets (HIS) to ICU Medical closed February 3, 2017; pre-tax losses of $28 million in Q2 2017 and $64 million in the first six months of 2017 recognized as incremental charges to write down HIS net assets to fair value less costs to sell; sale in certain non-U.S. jurisdictions expected to complete by Q1 2018. No employee counts disclosed.
2017-07-02restructuringin_progress2017-01-012019-12-31GlobalEnterprise-wide (manufacturing plant network, corporate/platform functions)USD 900 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
New 2017–2019 enterprise-wide cost-reduction/productivity program; ~$750M for manufacturing network optimization and ~$150M for non-manufacturing areas. No employee count disclosed. Through July 2, 2017, incurred ~$91M (manufacturing) and ~$73M (non-manufacturing).
2017-07-02restructuringin_progress2015-07-012018-12-31GlobalHospira integrationUSD 1,000 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Hospira acquisition integration costs of ~$1 billion expected over up to three years post-acquisition. No employee count disclosed. ~$700M of annual cost savings achieved through July 2, 2017.
2017-07-02restructuringin_progress2017-01-012019-12-31GlobalManufacturing OperationsUSD 91 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Part of 2017-2019 enterprise-wide cost reduction initiatives. Expected total costs for manufacturing optimization are $750 million. $91 million incurred through July 2, 2017.
2017-07-02restructuringin_progress2017-01-012019-12-31GlobalCorporate and Platform FunctionsUSD 73 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Part of 2017-2019 enterprise-wide cost reduction initiatives. Expected total costs for centralization of corporate/platform functions are $150 million. $73 million incurred through July 2, 2017.
2017-07-02restructuringin_progress2015-09-012018-12-31GlobalHospira IntegrationUSD 107 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Costs associated with integration of Hospira. $107 million incurred in first six months of 2017. Expected total costs approximately $1 billion over three years post-acquisition.
2017-07-02restructuringin_progress2017-01-012019-12-31GlobalManufacturing OperationsUSD 91 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of 2017-2019 enterprise-wide cost reduction initiatives. Expected total costs for manufacturing optimization are $750 million. $91 million incurred through July 2, 2017. Employee count not disclosed.
2017-07-02restructuringin_progress2017-01-012019-12-31GlobalCorporate and Platform FunctionsUSD 73 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of 2017-2019 enterprise-wide cost reduction initiatives. Expected total costs for non-manufacturing activities are $150 million. $73 million incurred through July 2, 2017. Employee count not disclosed.
2017-07-02restructuringin_progress2015-11-012018-12-31GlobalHospira IntegrationUSD 107 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Integration of Hospira acquisition. Expected total costs of $1 billion over three years. $107 million incurred in first six months of 2017. Employee count not disclosed.
2017-07-02restructuringin_progressUSD 14,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-07-02restructuringin_progressOperating Segments [Member] / Innovative Health Segment [Member]USD -3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-07-02restructuringin_progressOperating Segments [Member] / Essential Health Segment [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-07-02restructuringin_progressSegment Reconciling Items [Member] / Worldwide Research and Development and Global Product Development [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-07-02restructuringin_progressSegment Reconciling Items [Member] / Manufacturing Operations [Member]USD -1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-07-02restructuringin_progressCorporate, Non-Segment [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-07-02restructuringin_progressEmployee Severance [Member]USD 29,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-07-02restructuringin_progressAsset Impairments [Member]USD 24,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-07-02restructuringin_progressOther Restructuring [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-04-02restructuringin_progress150Manufacturing, sales, research and corporateUSD 19 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Q1 2017 employee termination costs represent expected workforce reduction of approximately 150 employees, mainly in manufacturing, sales, research and corporate; largely tied to cost-reduction initiatives and Medivation/Anacor acquisitions.
2017-04-02restructuringin_progress2017-01-012019-12-31Enterprise-wide; manufacturing plant network optimization (~$750M) and non-manufacturing centralization (~$150M)USD 900 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
New enterprise-wide cost-reduction/productivity initiatives initiated in early 2017; ~$900M total costs expected 2017-2019, about a quarter non-cash; targeted savings of approximately $1.2 billion by 2020.
2017-04-02divestiture_reductioncompleted2016-10-062017-02-03GlobalEssential Health — Hospira Infusion Systems (HIS)USD 37 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Sale of global infusion therapy net assets (HIS) to ICU Medical closed February 3, 2017; pre-tax loss of ~$37 million recognized in Q1 2017 as incremental charge to write-down of HIS net assets. No headcount figure disclosed.
2017-04-02restructuringin_progress1502019-12-31GlobalMainly manufacturing, sales, research and corporate; restructuring charges also recorded across IH, EH, WRD/GPD, manufacturing operations and CorporateUSD 19 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximate expected workforce reduction for the quarter; provision of $19M for employee terminations within total restructuring charges of $45M (also $24M asset impairments, $2M exit costs). Part of new enterprise-wide 2017-2019 cost-reduction/productivity initiatives (~$900M expected costs, ~$1.2B targeted savings by 2020), expected complete by end of 2019; charges largely tied to non-acquisition initiatives plus Medivation and Anacor acquisitions. Restructuring accrual fell from $1,583M to $1,449M during the quarter.
2017-04-02divestiture_reductioncompleted2016-10-062018-03-31GlobalEssential Health — Hospira Infusion Systems (HIS)USD 37 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale closed February 3, 2017; headcount transferred not disclosed. Pre-tax loss of ~$37M recognized on closing. Sale incomplete in certain non-U.S. jurisdictions, expected completion by Q1 2018; Pfizer continues operating those net assets for ICU Medical's economic benefit.
2017-04-02acquisition_additioncompleted2016-09-28United StatesInnovative Health — oncology (Xtandi, talazoparib, pidilizumab)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired for $81.50/share, ~$14.3B cash; headcount added not disclosed. Legacy Medivation operations reflected in results from September 28, 2016.
2017-04-02acquisition_additioncompleted2016-06-24United StatesInnovative Health — inflammation & immunology (Eucrisa)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired for $99.25/share, ~$4.9B cash plus $698M debt assumed; headcount added not disclosed.
2017-04-02acquisition_additioncompleted2016-12-22International (primarily outside the U.S.)Essential Health — small molecule anti-infectivesbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Consideration ~$1,045M ($555M cash plus $490M contingent); headcount added not disclosed. Falls in Pfizer's international first fiscal quarter of 2017.
2017-04-02restructuringin_progress1502017-01-012019-12-31GlobalManufacturing, Sales, Research, CorporateUSD 19 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Employee terminations represent expected reduction of workforce by approximately 150 employees, mainly in manufacturing, sales, research and corporate. Part of 2017-2019 enterprise-wide cost reduction initiatives.
2017-04-02restructuringin_progress1502017-01-012019-12-31GlobalManufacturing, Sales, Research, CorporateUSD 19 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of 2017-2019 cost-reduction initiatives. Employee terminations represent expected reduction of workforce by approx 150 employees, mainly in manufacturing, sales, research and corporate.
2017-04-02restructuringin_progress150USD 45,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
Expected positions to be eliminated
2017-04-02restructuringin_progressOperating Segments [Member] / Innovative Health Segment [Member]USD 9,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-04-02restructuringin_progressOperating Segments [Member] / Essential Health Segment [Member]USD -18,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-04-02restructuringin_progressSegment Reconciling Items [Member] / Worldwide Research and Development and Global Product Development [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-04-02restructuringin_progressSegment Reconciling Items [Member] / Manufacturing Operations [Member]USD 24,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-04-02restructuringin_progressCorporate, Non-Segment [Member]USD 19,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-04-02restructuringin_progressEmployee Severance [Member]USD 19,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-04-02restructuringin_progressAsset Impairments [Member]USD 24,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2017-04-02restructuringin_progressOther Restructuring [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-12-31restructuringin_progress4,9002016GlobalMainly manufacturing, sales, research and corporate functionsUSD 940 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Employee terminations represent an expected workforce reduction of approximately 4,900 tied to 2016 charges. Total 2016 restructuring charges were $1,156M, including $142M asset impairments and $74M exit costs; charges allocated across IH ($272M), EH ($158M), WRD/GPD/Medical ($169M), manufacturing operations ($368M) and Corporate ($189M). Activity spans both acquisition-related ($211M, mainly Hospira) and non-acquisition ($945M) cost-reduction/productivity programs; 2014-2016 non-acquisition initiatives were substantially completed through December 31, 2016.
2016-12-31restructuringannounced20162019-12-31Global (enterprise-wide)Enterprise-wide; corporate and platform functions centralization and manufacturing plant network optimizationUSD 900 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML
New enterprise-wide cost-reduction/productivity initiatives initiated in 2016 in connection with the September 2016 decision to maintain the current business structure; targeting roughly $1.2 billion of savings by 2020 with total costs of approximately $900 million over three years. No affected-employee headcount figure was disclosed.
2016-12-31restructuringin_progress4,900GlobalManufacturing, sales, research and corporateUSD 1,156 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
2016 employee termination costs represent expected workforce reduction of approximately 4,900 employees; total 2016 restructuring charges were $1,156M including asset impairments and exit costs. Part of multi-year cost-reduction/productivity initiatives (2014-2016 program plus new 2017-2019 initiatives).
2016-12-31acquisition_additioncompleted2016-09-282016-09-28GlobalInnovative Health (Oncology)USD 14,300 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired Medivation for approximately $14.3 billion in cash; headcount added not disclosed. Approximately three months of legacy Medivation operations reflected in 2016 results.
2016-12-31acquisition_additioncompleted2016-06-242016-06-24GlobalInnovative Health (Inflammation & Immunology)USD 4,900 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired Anacor for approximately $4.9 billion in cash plus $698M debt assumed; headcount added not disclosed. Approximately six months of legacy Anacor operations reflected in 2016 results.
2016-12-31acquisition_additioncompleted2016-08-012016-08-01United StatesResearch & Development (Rare Diseases / Gene Therapy)USD 331 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired remaining equity in Bamboo for $150M plus up to $495M contingent milestones; total consideration fair value approximately $331M. Headcount added not disclosed.
2016-12-31divestiture_reductioncompleted2016-10-062017-02-03GlobalEssential Health — Infusion Systems (HIS)USD 1,712 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of global infusion therapy net assets (HIS) to ICU Medical completed 2017-02-03 for up to ~$900M; $1.7B pre-tax impairment charge recorded at 2016-12-31. Headcount removed not disclosed.
2016-12-31acquisition_additioncompleted2015-09-032015-09-03GlobalEssential HealthUSD 16,100 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired Hospira for approximately $16.1 billion in cash (2015 transaction); 2016 reflects first full year of legacy Hospira operations. Headcount added not disclosed. Included for context of 2016 integration-related restructuring activity.
2016-12-31restructuringcompleted4,9002016-01-012016-12-31GlobalManufacturing, Sales, Research, CorporateUSD 940 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Employee terminations representing the expected reduction of the workforce by approximately 4,900 employees, mainly in manufacturing, sales, research and corporate. Associated with cost-reduction and productivity initiatives not associated with acquisitions, as well as acquisitions of Hospira and Medivation.
2016-12-31restructuringcompleted4,9002016-01-012016-12-31GlobalManufacturing, Sales, Research, CorporateUSD 940 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Employee terminations representing expected reduction of workforce by approximately 4,900 employees in 2016.
2016-12-31restructuringcompleted2015-10-012015-12-31VenezuelaOperationsUSD 39 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
36% reduction in labor force in Venezuela included in 2015 restructuring charges, disclosed in 2016 filing for context.
2016-12-31restructuringin_progress4,900USD 1,156,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
Expected positions to be eliminated
2016-12-31restructuringin_progressCorporate, Non-Segment [Member]USD 189,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2016-12-31restructuringin_progressSegment Reconciling Items [Member] / Manufacturing Operations [Member]USD 368,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2016-12-31restructuringin_progressSegment Reconciling Items [Member] / Worldwide Research and Development, Global Product Development and Medical [Member]USD 169,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2016-12-31restructuringin_progressOperating Segments [Member] / Essential Health Segment [Member]USD 158,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2016-12-31restructuringin_progressOperating Segments [Member] / Innovative Health Segment [Member]USD 272,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2016-12-31restructuringin_progressAsset Impairments [Member]USD 142,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2016-12-31restructuringin_progressEmployee Severance [Member]USD 940,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2016-12-31restructuringin_progressOther Restructuring [Member]USD 74,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2016-10-02restructuringin_progress2,100Manufacturing, sales, research and corporateUSD 464 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Nine-month employee termination charge of $464 million represents expected workforce reduction of approximately 2,100 employees, mainly in manufacturing, sales, research and corporate; costs recorded when actions are probable and estimable and include accrued severance, pension and postretirement benefits.
2016-10-02restructuringin_progress2,10020142016-12-31GlobalManufacturing, sales, research and corporateUSD 464 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cumulative expected workforce reduction of approximately 2,100 employees for the nine months ended October 2, 2016, under multi-year cost-reduction and productivity programs announced in early 2014 and running through 2016. Charge shown is the nine-month employee-termination provision; total restructuring charges for the period were $574M. Filer does not disclose a total workforce denominator, so no percent-of-workforce can be computed.
2016-10-02acquisition_additioncompleted2016-09-28United StatesInnovative Health (Oncology)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired for $81.50 per share, approximately $14.3B in cash; only three business days of legacy Medivation operations reflected in the quarter. No headcount added disclosed.
2016-10-02acquisition_additioncompleted2016-06-24United StatesInnovative Health (Medical Dermatology)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired for $99.25 per share, approximately $4.9B in cash plus $698M debt assumed. No headcount added disclosed.
2016-10-02acquisition_additioncompleted2016-08-01United StatesInnovative Health (Rare Disease / Gene Therapy)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired remaining equity for $150M plus up to $495M in contingent milestones. No headcount added disclosed.
2016-10-02divestiture_reductionannounced2016-10-062017-03-31GlobalEssential Health — Hospira Infusion Systems (HIS)USD 1,422 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement announced October 6, 2016 (after quarter end) for ICU Medical to acquire Pfizer's global infusion therapy net assets for approximately $1B in cash and stock; expected to close in Q1 2017. A pre-tax impairment of $1,422M on HIS net assets was recorded at October 2, 2016. No employee count associated with the divestiture is disclosed.
2016-10-02restructuringin_progress2,100GlobalManufacturing, Sales, Research, CorporateUSD 464 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Employee terminations representing expected reduction of workforce by approximately 2,100 employees in the nine months ended October 2, 2016.
2016-10-02restructuringin_progressGlobalManufacturingUSD 45 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Asset impairments associated with manufacturing plant network rationalization in the nine months ended October 2, 2016.
2016-10-02restructuringin_progressGlobalVariousUSD 64 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Exit costs associated with restructuring initiatives in the nine months ended October 2, 2016.
2016-10-02restructuringin_progress2,100GlobalManufacturing, Sales, Research, CorporateUSD 464 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Employee terminations represent the expected reduction of the workforce by approximately 2,100 employees for the nine months ended October 2, 2016. Associated with cost-reduction and productivity initiatives not associated with acquisitions, as well as acquisitions of Hospira and Medivation.
2016-10-02restructuringin_progress2,100USD 404,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
Expected positions to be eliminated
2016-10-02restructuringin_progressCorporate, Non-Segment [Member]USD 67,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-10-02restructuringin_progressSegment Reconciling Items [Member] / Manufacturing Operations [Member]USD 108,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-10-02restructuringin_progressSegment Reconciling Items [Member] / Worldwide Research and Development, Global Product Development and Medical [Member]USD 52,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-10-02restructuringin_progressOperating Segments [Member] / Essential Health Segment [Member]USD 28,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-10-02restructuringin_progressOperating Segments [Member] / Innovative Health Segment [Member]USD 148,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-10-02restructuringin_progressAsset Impairments [Member]USD 45,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-10-02restructuringin_progressEmployee Severance [Member]USD 464,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-10-02restructuringin_progressOther Restructuring [Member]USD 64,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-07-03restructuringin_progress600Manufacturing, sales and researchUSD 117 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Six months ended July 3, 2016 employee termination costs of $117 million represent an expected workforce reduction of approximately 600 employees, mainly in manufacturing, sales and research; $93 million of the charge was recorded in the second quarter. Employee termination costs include accrued severance benefits and pension/postretirement benefits, some payable after termination.
2016-07-03acquisition_additioncompleted2016-08-01Rare disease / gene therapyUSD 150 (millions)subsequent_events
f5-10q / GLM-5.3-flash-fp4-HTML
Acquired remaining equity in Bamboo Therapeutics for $150 million plus up to $495 million in contingent milestone payments; no employee headcount figure disclosed. Bamboo became a wholly-owned subsidiary.
2016-07-03restructuringin_progress600GlobalManufacturing, sales, and researchUSD 117 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately 600 employees expected to be reduced in first six months of 2016; employee termination provision of $117M for the six months ended July 3, 2016. Severance accrual balance of $978M at quarter-end.
2016-07-03acquisition_additioncompleted2016-06-242016-06-24United StatesInnovative Health (IH)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Anacor Pharmaceuticals completed June 24, 2016 for ~$4.9B cash plus $698M debt assumed; headcount added not disclosed.
2016-07-03acquisition_additioncompleted2015-09-032015-09-03GlobalEssential Health (EH)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Hospira acquisition completed September 3, 2015; headcount added not disclosed. Integration costs of $227M incurred in first six months of 2016.
2016-07-03restructuringin_progress600GlobalManufacturing, Sales, ResearchUSD 117 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Employee terminations representing expected reduction of workforce by approximately 600 employees, mainly in manufacturing, sales and research, for the six months ended July 3, 2016.
2016-07-03acquisition_additioncompleted2016-06-24GlobalAllerganbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Anacor completed on June 24, 2016. Headcount not explicitly disclosed.
2016-07-03restructuringin_progress600GlobalManufacturing, Sales, ResearchUSD 117 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Employee terminations represent the expected reduction of the workforce by approximately 600 employees, mainly in manufacturing, sales and research. This figure corresponds to the YTD provision for employee termination costs.
2016-07-03acquisition_additioncompleted2016-06-24GlobalInnovative Healthbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Anacor Pharmaceuticals, Inc. completed on June 24, 2016. Headcount not explicitly disclosed.
2016-07-03acquisition_additioncompleted2015-09-03GlobalEssential Healthbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Hospira, Inc. completed on September 3, 2015. Integration costs and restructuring charges are disclosed, but specific headcount added is not explicitly stated in this filing.
2016-07-03restructuringin_progress600USD 141,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
Expected positions to be eliminated
2016-07-03restructuringin_progressCorporate, Non-Segment [Member]USD 39,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-07-03restructuringin_progressSegment Reconciling Items [Member] / Manufacturing Operations [Member]USD 59,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-07-03restructuringin_progressSegment Reconciling Items [Member] / Worldwide Research and Development, Global Product Development and Medical [Member]USD 49,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-07-03restructuringin_progressOperating Segments [Member] / Essential Health Segment [Member]USD -11,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-07-03restructuringin_progressOperating Segments [Member] / Innovative Health Segment [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-07-03restructuringin_progressAsset Impairments [Member]USD 18,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-07-03restructuringin_progressEmployee Severance [Member]USD 117,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-07-03restructuringin_progressOther Restructuring [Member]USD 35,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-04-03restructuringin_progress100Manufacturing operations (mainly)USD 24 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Q1 2016 employee termination costs of $24 million represent an expected workforce reduction of approximately 100 employees, mainly in manufacturing; costs include accrued severance, pension and postretirement benefits, some payable after termination.
2016-04-03restructuringin_progress100GlobalManufacturing operationsUSD 24 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2016 employee termination provision of $24M reflects expected workforce reduction of approximately 100 employees, mainly in manufacturing; accrual balance at quarter-end was $1,011M total.
2016-04-03acquisition_additioncompleted2015-09-03GlobalGlobal Established Pharmaceutical (GEP)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Hospira acquisition closed 2015-09-03; legacy Hospira operations and workforce included in GEP results for Q1 2016. No headcount added disclosed.
2016-04-03restructuringin_progressGlobalManufacturing plant network rationalizationrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Multi-year program expects exit of four manufacturing sites over next several years; 2014-2016 expected costs ~$400M (acquisition-related) and ~$1.0B (non-acquisition). No employee count disclosed for the quarter.
2016-04-03othercompleted2016-04-062016-04-08GlobalCorporateUSD 150 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pfizer-Allergan merger terminated 2016-04-06; $150M pre-tax expense reimbursement paid 2016-04-08 (Q2). Q1 transaction costs of $24M recorded. No workforce impact quantified.
2016-04-03restructuringin_progress100GlobalManufacturingUSD 24 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Employee terminations representing expected reduction of workforce by approximately 100 employees, mainly in manufacturing.
2016-04-03restructuringin_progress100GlobalManufacturingUSD 24 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Employee terminations represent expected reduction of workforce by approximately 100 employees, mainly in manufacturing. Associated with cost-reduction and productivity initiatives.
2016-04-03restructuringin_progressManufacturing Operations [Member]USD 14,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-04-03restructuringin_progressCorporate, Non-Segment [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-04-03restructuringin_progressResearch and Development Expense [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-04-03restructuringin_progressGlobal Established Pharmaceutical [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-04-03restructuringin_progressGlobal Innovative Pharmaceutical [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-04-03restructuringin_progressGlobal Vaccines, Oncology and Consumer Healthcare [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-04-03restructuringin_progress100USD 30,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
Expected positions to be eliminated
2016-04-03restructuringin_progressAsset Impairments [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-04-03restructuringin_progressEmployee Severance [Member]USD 24,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2016-04-03restructuringin_progressOther Restructuring [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-12-31restructuringin_progress3,900GlobalPrimarily sales, corporate and research functionsUSD 489 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Approximately 3,900 employees reflect the expected workforce reduction from 2015 employee termination actions, mainly in sales, corporate and research. Total 2015 restructuring charges of $811 million comprised roughly $479 million acquisition-related (primarily Hospira integration) and $333 million from non-acquisition cost-reduction/productivity initiatives (no headcount split disclosed). Restructuring accrual of $1,157 million remained at December 31, 2015, indicating ongoing actions.
2015-12-31restructuringcompletedVenezuelaUSD 39 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Fourth-quarter 2015 operational restructuring resulted in a 36% reduction of the local labor force in Venezuela; absolute headcount not disclosed. The 36% applies to the Venezuela labor force, not total Pfizer workforce. The $39 million charge is included within the $811 million of total 2015 restructuring charges, so do not double-count with the consolidated reduction record.
2015-12-31acquisition_additioncompleted2015-02-05GlobalGlobal Established Pharmaceutical (GEP)business_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Pfizer acquired Hospira on September 3, 2015 for approximately $16.1 billion in cash ($15.7 billion net of cash acquired); Hospira became a wholly-owned subsidiary with commercial operations folded into GEP. Number of employees added through the acquisition is not disclosed in this filing.
2015-12-31plant_closurein_progress2014GlobalManufacturing (PGS plant network)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Plant network strategy announced in early 2014 is expected to result in exit of four manufacturing sites over the next several years (2014-2016 program costs of roughly $500 million prior-acquisition-related and $1 billion non-acquisition; through December 31, 2015 approximately $354 million and $472 million incurred, respectively). No site-specific workforce counts disclosed; 2015 charges for this program are embedded within the consolidated 2015 restructuring record.
2015-12-31restructuringin_progress3,900GlobalSales, corporate and researchUSD 489 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2015 employee termination provision; part of broader cost-reduction and acquisition-related programs spanning 2014-2016.
2015-12-31restructuringcompletedVenezuelaCountry operationsUSD 39 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
36% reduction in Venezuela labor force executed in Q4 2015; headcount count not disclosed.
2015-12-31acquisition_additioncompleted2015-09-032015-09-03GlobalGlobal Established Pharmaceutical (GEP)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Hospira acquired for approximately $16.1 billion in cash; acquired headcount not separately disclosed.
2015-12-31restructuringcompleted3,9002014-01-012016-12-31GlobalSales, Corporate, ResearchUSD 489 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Employee terminations representing the expected reduction of the workforce by approximately 3,900 employees, mainly in sales, corporate and research. Includes $39 million charge related to 36% reduction in labor force in Venezuela.
2015-12-31restructuringcompleted2014-01-012016-12-31GlobalManufacturingUSD 254 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Asset impairments associated with manufacturing plant network rationalization and optimization.
2015-12-31restructuringcompleted2014-01-012016-12-31GlobalGlobalUSD 68 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Exit costs associated with cost-reduction and productivity initiatives.
2015-12-31acquisition_additioncompleted2015-09-032015-09-03GlobalGlobal Established Pharmaceuticalbusiness_combinations_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Hospira, Inc. on September 3, 2015. Commercial operations included within GEP segment. Specific headcount added not explicitly disclosed in total, but integration costs incurred.
2015-12-31restructuringcompleted3,9002015-01-012015-12-31GlobalSales, Corporate, ResearchUSD 489 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Employee termination costs representing expected reduction of workforce by approximately 3,900 employees, mainly in sales, corporate and research.
2015-12-31restructuringcompleted36%2015-10-012015-12-31VenezuelaOperationsUSD 39 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Restructuring charge related to a 36% reduction in labor force in Venezuela.
2015-12-31acquisition_additioncompleted2015-09-032015-09-03GlobalGlobal Established Pharmaceuticalbusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Hospira, Inc. on September 3, 2015. Headcount not explicitly disclosed in filing.
2015-12-31restructuringin_progress3,900USD 811,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
Expected positions to be eliminated
2015-12-31restructuringin_progressManufacturing Operations [Member]USD 80,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2015-12-31restructuringin_progressCorporate, Non-Segment [Member]USD 164,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2015-12-31restructuringin_progressResearch and Development Expense [Member]USD 80,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2015-12-31restructuringin_progressAsset Impairments [Member]USD 254,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2015-12-31restructuringin_progressEmployee Severance [Member]USD 489,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2015-12-31restructuringin_progressOther Restructuring [Member]USD 68,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2015-12-31restructuringin_progressGlobal Established Pharmaceutical [Member]USD 402,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2015-12-31restructuringin_progressGlobal Innovative Pharmaceutical [Member]USD 39,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2015-12-31restructuringin_progressGlobal Vaccines, Oncology and Consumer Healthcare [Member]USD 45,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2015-12-31restructuringin_progressVENEZUELAUSD 39,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2015-09-27reduction_in_forcein_progress2,500Sales, corporate and researchUSD 306 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Nine-month employee termination provision represents expected workforce reduction of approximately 2,500 employees, mainly in sales, corporate and research; costs include accrued severance, pension and postretirement benefits.
2015-09-27restructuringannounced36%2015-09-272015-12-31VenezuelaUSD 36 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Company expects a fourth-quarter 2015 restructuring charge related to reducing its Venezuela labor force by 36%, amid currency devaluation and slowing conversions of Venezuelan currency.
2015-09-27acquisition_additioncompleted2015-09-03Global Established Pharmaceutical (GEP)USD 16,027 (millions)business_combinations_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Acquired Hospira for approximately $16.0 billion in cash; Hospira employees became part of GEP segment, but no headcount figure was disclosed.
2015-09-27restructuringin_progress2,500GlobalSales, corporate and researchUSD 306 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Expected workforce reduction of approximately 2,500 employees over the nine months ended September 27, 2015, mainly in sales, corporate and research; $306M employee termination provision recorded YTD. Related to cost-reduction/productivity initiatives and Hospira integration.
2015-09-27acquisition_additioncompleted2015-09-032015-09-03GlobalGlobal Established Pharmaceutical (GEP)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired Hospira for approximately $16.0 billion in cash on September 3, 2015; headcount added not disclosed. Integration costs of approximately $1 billion expected over up to three years post-acquisition.
2015-09-27restructuringannounced36%2015-12-31VenezuelaVenezuela operationsUSD 36 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Restructuring charge expected in Q4 2015 for a 36% reduction of the Venezuela labor force; absolute headcount not disclosed.
2015-09-27plant_closurein_progressGlobalManufacturing operationsrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plant network strategy expected to result in the exit of four sites over the next several years; associated headcount not disclosed.
2015-09-27restructuringin_progress2,500GlobalSales, Corporate, ResearchUSD 306 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Employee terminations representing expected reduction of workforce by approximately 2,500 employees, mainly in sales, corporate and research.
2015-09-27restructuringin_progressVenezuelaOperationsUSD 36 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Reduction of 36% of labor force in Venezuela.
2015-09-27restructuringin_progress2,5002014-01-012016-12-31GlobalSales, Corporate, Research, ManufacturingUSD 306 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Employee terminations representing expected reduction of workforce by approx. 2,500 employees in the nine months ended Sept 27, 2015. Associated with cost-reduction initiatives and Hospira integration.
2015-09-27restructuringannounced36%2015-09-272015-12-31VenezuelaGlobal OperationsUSD 36 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Reduction of 36% of labor force in Venezuela. Charge expected in Q4 2015.
2015-09-27restructuringin_progress2,500USD 469,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
Expected positions to be eliminated
2015-09-27restructuringin_progressManufacturing Operations [Member]USD 26,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-09-27restructuringin_progressCorporate, Non-Segment [Member]USD 104,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-09-27restructuringin_progressResearch and Development Expense [Member]USD 50,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-09-27restructuringin_progressGlobal Established Pharmaceutical [Member]USD 280,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-09-27restructuringin_progressGlobal Innovative Pharmaceutical [Member]USD 16,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-09-27restructuringin_progressGlobal Vaccines, Oncology and Consumer Healthcare [Member]USD -7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-09-27restructuringin_progressAsset Impairments [Member]USD 209,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-09-27restructuringin_progressEmployee Severance [Member]USD 306,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-09-27restructuringin_progressOther Restructuring [Member]USD 40,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-06-28restructuringin_progress500Primarily salesUSD 65 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Employee termination costs of $65 million in the six months ended June 28, 2015 represent an expected workforce reduction of approximately 500 employees, mainly in sales, under cost-reduction/productivity initiatives.
2015-06-28restructuringin_progress500GlobalMainly sales; program spans GIP, VOC, GEP, WRD/M, manufacturing operations and CorporateUSD 65 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Expected workforce reduction of approximately 500 employees over the six months ended June 28, 2015; associated charge is the six-month employee-termination provision. Part of broader 2014-2016 cost-reduction programs totaling approximately $2.8 billion, with about a quarter of charges expected to be non-cash. Restructuring accrual balance was $1,008 million at June 28, 2015.
2015-06-28restructuringin_progress5002014-01-012016-12-31GlobalSales, Manufacturing, CorporateUSD 280 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Part of 2014-2016 cost-reduction initiatives. Employee terminations represent expected reduction of ~500 employees, mainly in sales.
2015-06-28restructuringin_progress500GlobalSalesUSD 65 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Employee terminations represent the expected reduction of the workforce by approximately 500 employees, mainly in sales, for the six months ended June 28, 2015.
2015-06-28restructuringin_progress500USD 43,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
Expected positions to be eliminated
2015-06-28restructuringin_progressManufacturing Operations [Member]USD 14,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-06-28restructuringin_progressCorporate, Non-Segment [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-06-28restructuringin_progressResearch and Development Expense [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-06-28restructuringin_progressGlobal Established Pharmaceutical [Member]USD -2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-06-28restructuringin_progressGlobal Innovative Pharmaceutical [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-06-28restructuringin_progressGlobal Vaccines, Oncology and Consumer Healthcare [Member]USD 14,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-06-28restructuringin_progressAsset Impairments [Member]USD 11,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-06-28restructuringin_progressEmployee Severance [Member]USD 65,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-06-28restructuringin_progressOther Restructuring [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-03-29restructuringin_progress200Manufacturing and salesUSD 31 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Q1 2015 employee termination costs reflect an expected workforce reduction of approximately 200 employees, mainly in manufacturing and sales, under ongoing cost-reduction/productivity initiatives. Total Q1 restructuring charges were $42 million; broader 2014-2016 programs expected to cost approximately $2.9 billion in total.
2015-03-29restructuringin_progress20020142016GlobalMainly manufacturing and sales operationsUSD 31 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2015 employee-termination provision of $31M (total restructuring charges $42M incl. $6M asset impairments, $6M exit costs) relates to an expected workforce reduction of roughly 200 employees. Programs announced in early 2014 run through 2016; restructuring accrual was $1,046M at March 29, 2015.
2015-03-29plant_closurein_progress2014GlobalManufacturing operationsrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plant network strategy expected to result in exit of six sites over the next several years. 2014-2016 program costs: ~$300M acquisition-related and ~$1.5B non-acquisition cost-reduction; ~$205M and ~$293M incurred through March 29, 2015. No employee count or completion date disclosed.
2015-03-29restructuringin_progress20142016GlobalGlobal commercial structure (commercial and corporate functions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Reorganization involving streamlining of functions and realignment of regional locations and colleagues; expected 2014-2016 costs of ~$300M, of which ~$179M incurred through March 29, 2015. No employee count disclosed.
2015-03-29restructuringin_progress20142016GlobalCommercial property rationalization and consolidationrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Expected 2014-2016 costs of ~$850M, of which ~$231M incurred through March 29, 2015. No employee count disclosed.
2015-03-29restructuringin_progress2002014-01-012016-12-31GlobalManufacturing and SalesUSD 31 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Employee terminations representing expected reduction of workforce by approximately 200 employees, mainly in manufacturing and sales, incurred in Q1 2015 as part of ongoing 2014-2016 cost-reduction initiatives.
2015-03-29restructuringin_progress200GlobalManufacturing and SalesUSD 31 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Employee terminations represent expected reduction of workforce by approx. 200 employees, mainly in manufacturing and sales. Part of ongoing cost-reduction/productivity initiatives.
2015-03-29restructuringin_progressManufacturing Operations [Member]USD -22,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-03-29restructuringin_progressCorporate, Non-Segment [Member]USD 18,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-03-29restructuringin_progressResearch and Development Expense [Member]USD 12,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-03-29restructuringin_progressGlobal Established Pharmaceutical [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-03-29restructuringin_progressGlobal Innovative Pharmaceutical [Member]USD 12,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-03-29restructuringin_progressGlobal Vaccines, Oncology and Consumer Healthcare [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-03-29restructuringin_progress200USD 42,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
Expected positions to be eliminated
2015-03-29restructuringin_progressAsset Impairments [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-03-29restructuringin_progressEmployee Severance [Member]USD 31,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2015-03-29restructuringin_progressOther Restructuring [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-12-31restructuringin_progress1,7002014Primarily manufacturing and sales; charges span GIP, VOC, GEP, WRD/Medical, manufacturing operations and CorporateUSD 68 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
2014 employee terminations provision represents an expected workforce reduction of approximately 1,700 employees, mainly in manufacturing and sales. Severance accruals for employee terminations totaled $1,114 million at year-end 2014 (including prior-year programs). Part of cost-reduction initiatives announced in early 2014 with expected total costs of approximately $2.9 billion during 2014-2016.
2014-12-31plant_closurein_progress2014Manufacturing plant networkUSD 1,500 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Plant network strategy expected to result in exit of seven sites over the next several years. Expected 2014-2016 costs: approximately $1.5 billion for new non-acquisition-related cost-reduction initiatives plus approximately $300 million associated with prior acquisition activity. Through December 31, 2014, approximately $292 million and $182 million, respectively, had been incurred.
2014-12-31restructuringin_progress20142016-12-31Global commercial structure reorganizationUSD 300 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Announced early 2014; primarily streamlining functions, realigning regional locations and colleagues to support the businesses, and system changes. Expected costs of approximately $300 million during 2014-2016; approximately $153 million incurred through December 31, 2014.
2014-12-31restructuringin_progress20142016-12-31Commercial property rationalization and consolidationUSD 850 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Announced early 2014; primarily related to commercial property rationalization and consolidation. Expected costs of approximately $850 million during 2014-2016; approximately $154 million incurred through December 31, 2014.
2014-12-31restructuringin_progress1,7002016-12-31GlobalMainly manufacturing and sales; charges also allocated to GIP, VOC, GEP, Worldwide Research and Development/Medical and CorporateUSD 68 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
2014 employee termination charges of $68M relate to an expected workforce reduction of approximately 1,700 employees. Consolidated across all 2014 restructuring activity; total 2014 restructuring charges were $170M (including $45M asset impairments and $58M exit costs). Part of a multi-year program announced in early 2014 with total expected costs of approximately $2.9B through 2016, of which about a quarter is expected to be non-cash. Restructuring accrual balance was $1,166M at 2014-12-31.
2014-12-31plant_closurein_progressGlobalManufacturing operationsUSD 1,800 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Manufacturing plant network rationalization expected to result in the exit of seven sites over the next several years. Charge shown is the expected 2014-2016 program cost of approximately $300M (acquisition-related) plus approximately $1.5B (non-acquisition cost-reduction); $182M and $292M respectively had been incurred through 2014-12-31. No site-specific headcount or completion date disclosed; workforce reductions may overlap with the approximately 1,700-employee figure above.
2014-12-31restructuringin_progress2016-12-31GlobalCorporate and commercial functions — new global commercial structureUSD 300 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Reorganization tied to the new three-segment commercial structure (GIP, VOC, GEP), involving streamlining of functions and realignment of regional locations and colleagues. Approximately $153M of the expected $300M 2014-2016 cost incurred through 2014-12-31. Headcount not separately disclosed; may overlap with the approximately 1,700-employee figure above.
2014-12-31restructuringin_progress2016-12-31GlobalCommercial property rationalization and consolidationUSD 850 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Other new cost-reduction/productivity initiatives focused on commercial property rationalization. Approximately $154M of the expected $850M 2014-2016 cost incurred through 2014-12-31. Headcount not separately disclosed; may overlap with the approximately 1,700-employee figure above.
2014-12-31acquisition_additioncompleted2014-09-24United StatesSterile injectables / Global Established Pharmaceuticalbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of privately-held pharmaceutical development company completed 2014-09-24 for $225M upfront plus contingent consideration of up to $135M. Headcount added not disclosed.
2014-12-31acquisition_additioncompleted2014-12-01Austria / EuropeGlobal Vaccinessubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Baxter's marketed vaccines portfolio (NeisVac-C and FSME-IMMUN/TicoVac) plus a portion of the Orth, Austria facility for $635M, completed 2014-12-01 (falls in Q1 2015 for international operations). Headcount added not disclosed.
2014-12-31acquisition_additionannounced2015-02-05United StatesSterile injectables and biosimilarssubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Definitive merger agreement announced 2015-02-05 to acquire Hospira at $90 per share in cash, approximately $17B enterprise value, to be financed roughly two-thirds from cash and one-third from debt. Expected to close in the second half of 2015, subject to regulatory and Hospira shareholder approvals. Headcount not disclosed.
2014-12-31restructuringin_progress1,7002014-01-012016-12-31GlobalManufacturing and SalesUSD 781 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Includes new global commercial structure reorganization and cost-reduction initiatives. Total costs associated with acquisitions and cost-reduction/productivity initiatives were $781 million in 2014. Employee terminations represent expected reduction of approximately 1,700 employees, mainly in manufacturing and sales.
2014-12-31restructuringin_progress1,7002014-01-012016-12-31GlobalManufacturing and SalesUSD 68 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Employee terminations representing expected reduction of workforce by approximately 1,700 employees, mainly in manufacturing and sales. Part of new global commercial structure reorganization and cost-reduction initiatives announced in early 2014.
2014-12-31restructuringin_progress1,700USD 170,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
Expected positions to be eliminated
2014-12-31restructuringin_progressManufacturing Operations [Member]USD 97,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2014-12-31restructuringin_progressCorporate, Non-Segment [Member]USD 65,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2014-12-31restructuringin_progressResearch and Development Expense [Member]USD 37,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2014-12-31restructuringin_progressAsset Impairments [Member]USD 45,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2014-12-31restructuringin_progressEmployee Severance [Member]USD 68,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2014-12-31restructuringin_progressOther Restructuring [Member]USD 58,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2014-12-31restructuringin_progressSales Force Restructuring Plan [Member]USD -149,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2014-12-31restructuringin_progressGlobal Established Pharmaceutical [Member]USD 57,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2014-12-31restructuringin_progressGlobal Innovative Pharmaceutical [Member]USD 35,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2014-12-31restructuringin_progressGlobal Vaccines, Oncology and Consumer Healthcare [Member]USD 28,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2014-09-28restructuringin_progress1002014-01-01Manufacturing and salesUSD -4 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Nine-month 2014 employee termination provision reflects an expected workforce reduction of approximately 100 employees, mainly in manufacturing and sales; provision was negative due to a $92 million partial reversal of prior-period sales force restructuring charges reflecting a change in estimate.
2014-09-28plant_closureannounced2014-01-01Manufacturing plant networkUSD 1,400 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Plant network strategy expected to result in exit of eight sites over the next several years (reduced from ten after two site sales); approximately $1.4 billion of costs expected during 2014-2016 for new non-acquisition-related cost-reduction initiatives, plus ~$400 million related to prior acquisition activity.
2014-09-28restructuringin_progress100Manufacturing and SalesUSD 68 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Expected workforce reduction of approximately 100 employees over the nine months ended September 28, 2014, mainly in manufacturing and sales. The $68M restructuring charge for the nine months comprises employee terminations ($(4)M provision, net of reversals), asset impairments ($28M), and exit costs ($44M). Total costs associated with acquisitions and cost-reduction/productivity initiatives for the nine months were $531M.
2014-09-28plant_closurein_progress20142016ManufacturingUSD 1,800 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Manufacturing plant network rationalization expected to result in the exit of eight sites over the next several years (reduced from 10 previously as two sites were sold). Expected 2014-2016 costs of approximately $400M tied to prior acquisition activity plus approximately $1.4B for new non-acquisition-related cost-reduction initiatives. No employee count disclosed for the site exits.
2014-09-28restructuringin_progress20142016CommercialUSD 350 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
New global commercial structure reorganization announced in early 2014, involving streamlining of functions, realignment of regional locations and colleagues, and supporting system changes. Expected 2014-2016 costs of approximately $350M. No employee count disclosed.
2014-09-28restructuringin_progress20142016Commercial propertyUSD 850 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Other new cost-reduction/productivity initiatives, primarily related to commercial property rationalization and consolidation. Expected 2014-2016 costs of approximately $850M. No employee count disclosed. Aggregate expected 2014-2016 costs across all three announced programs total approximately $3.0B, of which about a quarter is expected to be non-cash; expected ongoing annual cost savings of approximately $2.6B by end of 2016 (per MD&A).
2014-09-28restructuringin_progress1002014-01-01GlobalManufacturing and SalesUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Employee terminations representing expected reduction of workforce by approximately 100 employees, mainly in manufacturing and sales, for the nine months ended Sept 28, 2014.
2014-09-28acquisition_additioncompleted2014-09-24GlobalSterile InjectablesUSD 225 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of InnoPharma completed Sept 24, 2014 for $225M upfront cash. Headcount not disclosed.
2014-09-28restructuringin_progress1002014-01-012016-12-31GlobalManufacturing and SalesUSD 531 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
In the first nine months of 2014, incurred approx $531M in cost-reduction and acquisition-related costs. Employee terminations represent expected reduction of workforce by approx 100 employees, mainly in manufacturing and sales. Programs include manufacturing plant network rationalization, global commercial structure reorganization, and other cost-reduction initiatives expected to incur costs through 2016.
2014-09-28restructuringin_progressAsset Impairments [Member]USD 28,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-09-28restructuringin_progressEmployee Severance [Member]USD -4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-09-28restructuringin_progressOther Restructuring [Member]USD 44,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-09-28restructuringin_progress100USD 68,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
Expected positions to be eliminated
2014-09-28restructuringin_progressGlobal Innovative Pharmaceutical [Member]USD 14,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-09-28restructuringin_progressResearch and Development Expense [Member]USD 11,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-09-28restructuringin_progressGlobal Vaccines, Oncology and Consumer Healthcare [Member]USD 10,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-09-28restructuringin_progressGlobal Established Pharmaceutical [Member]USD 34,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-09-28restructuringin_progressSales Force Restructuring Plan [Member]USD 92,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-09-28restructuringin_progressManufacturing Operations [Member]USD 59,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-09-28restructuringin_progressCorporate, Non-Segment [Member]USD 14,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-06-29restructuringin_progress3002014-01-01Manufacturing and salesUSD 47 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Six months ended June 29, 2014 employee termination costs represent expected workforce reduction of approximately 300 employees, mainly in manufacturing and sales.
2014-06-29restructuringin_progress2014-01-012016-12-31Manufacturing plant network rationalization and optimizationUSD 1,950 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Plant network strategy expected to result in exit of ten sites over next several years; 2014-2016 costs of approximately $450 million associated with prior acquisition activity plus approximately $1.5 billion for new non-acquisition-related cost-reduction initiatives.
2014-06-29restructuringin_progress2014-01-012016-12-31New global commercial structure reorganizationUSD 350 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Streamlining of certain functions, realignment of regional locations and colleagues, and system changes to support future reporting requirements; expected 2014-2016 costs of approximately $350 million.
2014-06-29restructuringin_progress2014-01-012016-12-31Commercial property rationalization and consolidationUSD 900 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Other new cost-reduction/productivity initiatives; expected 2014-2016 costs of approximately $900 million. Aggregate 2014-2016 program costs approximately $3.2 billion, about a quarter non-cash; expected annual savings approximately $2.9 billion by end of 2016.
2014-06-29restructuringin_progress30020142016GlobalManufacturing and sales operationsUSD 423 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately 300-employee expected workforce reduction over the six months ended June 29, 2014 under 2014-2016 cost-reduction/productivity programs announced in early 2014; charge shown is total acquisition- and cost-reduction-related costs incurred in the period. Aggregate expected 2014-2016 program costs approximately $3.2 billion (about a quarter non-cash), with expected ongoing annual savings of about $2.9 billion by end of 2016.
2014-06-29plant_closurein_progress20142016GlobalManufacturingUSD 1,950 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plant network rationalization expected to result in exit of ten sites over the next several years; charge shown is expected 2014-2016 costs (~$450 million acquisition-related plus ~$1.5 billion non-acquisition-related). No site-specific employee counts disclosed.
2014-06-29restructuringin_progress20142016GlobalCommercial operationsUSD 350 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
New global commercial structure reorganization (streamlining functions, realignment of regional locations, systems changes); expected 2014-2016 costs. No employee count disclosed for this component.
2014-06-29restructuringin_progress20142016GlobalCommercial propertyUSD 900 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Other cost-reduction/productivity initiatives, primarily commercial property rationalization and consolidation; expected 2014-2016 costs. No employee count disclosed for this component.
2014-06-29restructuringin_progress3002014-01-012016-12-31GlobalManufacturing and SalesUSD 47 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Employee terminations representing expected reduction of workforce by approximately 300 employees, mainly in manufacturing and sales, for the six months ended June 29, 2014.
2014-06-29restructuringin_progress3002014-01-012016-12-31GlobalManufacturing and SalesUSD 47 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Employee terminations represent the expected reduction of the workforce by approximately 300 employees, mainly in manufacturing and sales, for the six months ended June 29, 2014. Part of broader 2014-2016 cost-reduction initiatives.
2014-06-29restructuringin_progress300USD 66,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
Expected positions to be eliminated
2014-06-29restructuringin_progressGlobal Vaccines, Oncology and Consumer Healthcare [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-06-29restructuringin_progressGlobal Established Pharmaceutical [Member]USD 31,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-06-29restructuringin_progressGlobal Innovative Pharmaceutical [Member]USD 9,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-06-29restructuringin_progressCorporate, Non-Segment [Member]USD 11,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-06-29restructuringin_progressResearch and Development Expense [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-06-29restructuringin_progressManufacturing Operations [Member]USD 12,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-03-30reduction_in_forcein_progress200Manufacturing and salesUSD 30 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Employee termination charges of $30 million in Q1 2014 represent an expected workforce reduction of approximately 200 employees, mainly in manufacturing and sales.
2014-03-30restructuringannounced2014-01-012016-12-31Manufacturing plant network; commercial operationsUSD 3,200 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
New 2014-2016 programs: manufacturing plant network rationalization (exit of nine sites over several years), new global commercial structure reorganization, and commercial property rationalization; total expected costs approximately $3.2 billion, about a quarter non-cash; expected annual savings approximately $2.9 billion by end of 2016. No headcount figures disclosed.
2014-03-30restructuringin_progress200GlobalManufacturing and SalesUSD 30 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Employee terminations provision of $30M in Q1 2014; represents expected workforce reduction of approximately 200 employees, mainly in manufacturing and sales.
2014-03-30plant_closureannounced2014-01-012016-12-31GlobalManufacturing OperationsUSD 1,950 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Manufacturing plant network rationalization expected to exit nine sites over several years; 2014-2016 costs of ~$450M (acquisition-related) and ~$1.5B (non-acquisition cost-reduction).
2014-03-30restructuringannounced2014-01-012016-12-31GlobalCommercial / CorporateUSD 350 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
New global commercial structure reorganization announced in early 2014; streamlining functions and realigning regional locations, 2014-2016 estimated cost ~$350M.
2014-03-30restructuringannounced2014-01-012016-12-31GlobalCommercial Property / CorporateUSD 900 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Other new cost-reduction/productivity initiatives primarily related to commercial property rationalization and consolidation; 2014-2016 estimated cost ~$900M.
2014-03-30restructuringin_progress2002014-01-01GlobalManufacturing and SalesUSD 30 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Employee terminations representing expected reduction of workforce by approximately 200 employees, mainly in manufacturing and sales.
2014-03-30restructuringin_progress2002014-01-01GlobalManufacturing and SalesUSD 30 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Employee terminations represent the expected reduction of the workforce by approximately 200 employees, mainly in manufacturing and sales. Part of broader 2014-2016 cost-reduction initiatives.
2014-03-30restructuringin_progress200USD 40,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
Expected positions to be eliminated
2014-03-30restructuringin_progressCorporate, Non-Segment [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-03-30restructuringin_progressResearch and Development Expense [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-03-30restructuringin_progressManufacturing Operations [Member]USD 26,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-03-30restructuringin_progressGlobal Innovative Pharmaceutical [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2014-03-30restructuringin_progressGlobal Established Pharmaceutical [Member]USD 7,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2013-12-31divestiture_reductioncompleted9,3002011-072013-06-24GlobalAnimal Health (Zoetis)MD&A
f5-10k / GLM-5.3-flash-HTML
Approximately 9,300 employees left with the Animal Health business upon full disposition completed June 24, 2013, executed via a Zoetis IPO (19.8% interest) and a tax-free exchange offer for the remaining 80.2%. Total 2013 workforce declined 13,800, from 91,500 to 77,700. Exploration of strategic alternatives was announced in July 2011; the disposition produced a ~$10.3 billion net-of-tax gain rather than a workforce charge.
2013-12-31restructuringin_progress2,9002009-01-26GlobalCompany-wide (manufacturing, sales, R&D, corporate)USD 805 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
2013 employee termination charges relate to approximately 2,900 additional employees. Cumulative under cost-reduction/productivity programs begun in 2005 (including the January 26, 2009 Wyeth-integration plan and the February 1, 2011 R&D productivity initiative): approximately 56,500 of ~65,100 expected terminations through December 31, 2013. Total 2013 restructuring charges of $1,038 million (terminations $805M, asset impairments $165M, exit costs $68M) by unit: Primary Care $255M; Specialty Care and Oncology $138M; Established Products and Emerging Markets $98M; Consumer Healthcare $5M; R&D operations $13M; Manufacturing $356M; Corporate $173M. Program substantially complete at year-end 2013 except manufacturing plant network rationalization (separate record); employee-termination accrual stood at ~$1.7 billion at year-end 2013.
2013-12-31plant_closurein_progress2016-12-31GlobalManufacturing (Pfizer Global Supply)USD 450 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML
Continuing manufacturing plant network rationalization carved out of the broader cost-reduction program; strategy expected to exit eight of Pfizer Global Supply's 56 plants over the next several years. Approximately $450 million of associated costs expected during 2014-2016; no headcount attributed to this sub-program.
2013-12-31restructuringannounced2014-012016-12-31GlobalCommercial operations (Global Innovative Pharmaceutical; Global Vaccines, Oncology and Consumer Healthcare; Global Established Pharmaceutical)USD 350 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML
Subsequent to the FY2013 year-end, commercial operations were reorganized into three global businesses effective at the start of fiscal 2014 (disclosed in the FY2013 Form 10-K). Expected costs of ~$350 million in 2014-2016 for streamlining functions, realignment of regional locations and colleagues, and system changes; no headcount disclosed.
2013-12-31restructuringannounced2016-12-31GlobalCommercial, manufacturing and corporate divisionsUSD 2,400 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML
New cost-savings programs to be implemented 2014-2016, identified through the annual budgeting process and disclosed in the FY2013 Form 10-K filed 2014-02-28; expected costs of ~$2.4 billion in addition to the commercial reorganization and plant network rationalization. Aggregate expected ongoing annual cost savings across all initiatives estimated at ~$2.9 billion by end of 2016; no headcount disclosed.
2013-12-31divestiture_reductioncompleted9,3002011-072013-06-24GlobalAnimal Health (Zoetis)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Full disposition of Zoetis completed June 24, 2013; drove most of the 13,800 net headcount decline in 2013.
2013-12-31restructuringin_progress2,900GlobalAll segments; charges by segment: Primary Care $255M, Specialty Care and Oncology $138M, Established Products and Emerging Markets $98M, Consumer Healthcare $5M, R&D $13M, manufacturing $356M, Corporate $173MUSD 805 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2013 employee termination costs relate to approximately 2,900 employees; multi-year program since 2005 with cumulative workforce reduction of 52,300 since 2009.
2013-12-31plant_closureannouncedGlobalManufacturing (Pfizer Global Supply)USD 450 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Plant network strategy expected to exit eight of 56 sites over several years; associated costs of ~$450M expected 2014-2016. No employee count disclosed.
2013-12-31restructuringannounced2014-012016-12-31GlobalCommercial operations reorganization into GIP, VOC and GEP businessesUSD 350 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Post-year-end reorganization effective beginning of fiscal 2014; covers function streamlining, regional realignment and systems changes. No employee count disclosed.
2013-12-31restructuringcompleted13,8002013-01-012013-12-31GlobalAll segmentsUSD 1,038 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Workforce declined by 13,800 from 91,500 to 77,700 in 2013, primarily due to the full disposition of Zoetis (approx. 9,300 employees). Restructuring charges of $1,038 million recorded in 2013.
2013-12-31divestiture_reductioncompleted9,3002013-06-242013-06-24GlobalAnimal HealthItem_1_Business
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Full disposition of Zoetis (Animal Health business) resulted in a workforce reduction of approximately 9,300.
2013-12-31restructuringcompleted13,8002013-01-012013-12-31GlobalAll segmentsMD&A
f5-10k / Qwen3.6-27B-Q8_0
In 2013, the workforce declined by 13,800, from 91,500 to 77,700, primarily due to the full disposition of Zoetis, which resulted in a workforce reduction of approximately 9,300. The remaining reduction is attributed to ongoing cost-reduction and productivity initiatives.
2013-12-31divestiture_reductioncompleted9,3002013-06-242013-06-24GlobalAnimal Health (Zoetis)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Full disposition of Zoetis on June 24, 2013, resulted in a workforce reduction of approximately 9,300.
2013-12-31restructuringin_progressManufacturing Operations [Member]USD 356,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2013-12-31restructuringin_progressSpecialty Care And Oncology [Member]USD 138,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2013-12-31restructuringin_progressResearch And Development Operations [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2013-12-31restructuringin_progressPrimary Care [Member]USD 255,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2013-12-31restructuringin_progressEstablished Products And Emerging Markets [Member]USD 98,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2013-12-31restructuringin_progress56,500USD 16,300,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2013-12-31restructuringin_progressCorporate, Non-Segment [Member]USD 173,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2013-12-31restructuringin_progressConsumer Healthcare [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2013-12-31restructuringin_progress2,900Employee Severance [Member]restructuring_footnote
f5-10k / no-ai-xblr
2013-09-29divestiture_reductioncompleted9,3002013-06-24GlobalAnimal Health (Zoetis)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Full disposition of the Animal Health business (Zoetis) completed June 24, 2013 via IPO of 19.8% interest and exchange offer for the remaining 80.2%; resulted in a workforce reduction of approximately 9,300.
2013-09-29restructuringin_progress1,300GlobalMultiple segments and functionsUSD 440 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Nine-month employee termination costs of $289 million represent additional costs for approximately 1,300 employees; total nine-month restructuring charges of $440 million include employee terminations ($289M), asset impairments ($115M) and exit costs ($36M). Charges by segment for the nine months: Primary Care $29M, Specialty Care and Oncology $37M, Established Products and Emerging Markets $34M, Consumer Healthcare $6M, R&D $15M, manufacturing $194M, Corporate $125M.
2013-09-29divestiture_reductioncompleted9,3002013-02-062013-06-24GlobalAnimal Health (Zoetis)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Workforce reduction of approximately 9,300 attributed to the full disposition of Zoetis (IPO of 19.8% interest completed 2013-02-06; exchange offer for remaining 80.2% completed 2013-06-24). Announcement date reflects the Zoetis IPO; no separate workforce announcement date disclosed.
2013-09-29restructuringin_progress1,300GlobalCompany-wide (manufacturing, sales, research, corporate)USD 289 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Nine months ended 2013-09-29: employee termination provision of $289M relates to approximately 1,300 employees. Total restructuring provision for the period was $440M (employee terminations $289M, asset impairments $115M, exit costs $36M); restructuring charges and certain acquisition-related costs totaled $547M. Ongoing multi-year program (initiatives date from 2005/2009/2011); no discrete announcement date in this filing. Q3 2013 restructuring charges by component: manufacturing operations $112M, Corporate $44M, Specialty Care and Oncology $18M, Primary Care $12M, Consumer Healthcare $5M, Established Products and Emerging Markets $4M.
2013-09-29plant_closurein_progressGlobalManufacturing operationsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plant network strategy: 11 manufacturing sites exited since the Wyeth acquisition, leaving 56 sites supporting continuing operations at 2013-09-29, with a further seven site exits expected over the next several years. No employee counts or dates disclosed for these closures.
2013-09-29divestiture_reductioncompleted9,3002013-06-242013-06-24GlobalAnimal Health (Zoetis)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Full disposition of Animal Health business (Zoetis) resulted in a workforce reduction of approximately 9,300.
2013-09-29restructuringin_progress1,300GlobalVariousUSD 289 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Substantially all employee termination costs for the nine months ended Sept 29, 2013 represent additional costs with respect to approximately 1,300 employees.
2013-09-29divestiture_reductioncompleted9,3002013-06-242013-06-24GlobalAnimal Health (Zoetis)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Full disposition of the Animal Health business (Zoetis) completed on June 24, 2013, resulting in a workforce reduction of approximately 9,300.
2013-09-29restructuringin_progress1,300GlobalVarious (Manufacturing, Sales, R&D, Corporate)USD 289 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Substantially all employee termination costs for the nine months ended September 29, 2013, represent additional costs with respect to approximately 1,300 employees. Part of ongoing cost-reduction/productivity initiatives.
2013-09-29restructuringin_progressCorporate Segment [Member]USD 125,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2013-09-29restructuringin_progressEstablished Products And Emerging Markets [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2013-09-29restructuringin_progressResearch And Development Operations [Member]USD 15,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2013-09-29restructuringin_progressPrimary Care [Member]USD 12,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2013-09-29restructuringin_progressSpecialty Care And Oncology [Member]USD 18,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2013-09-29restructuringin_progressUSD 16,100,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2013-09-29restructuringin_progressManufacturing Operations [Member]USD 194,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2013-09-29restructuringin_progressAnimal Health And Consumer Healthcare [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2013-06-30divestiture_reductioncompleted9,3002013-06-24GlobalAnimal Health (Zoetis)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Full disposition of Animal Health business (Zoetis) completed June 24, 2013; workforce reduction of approximately 9,300 employees. Pfizer recognized a gain of approximately $10.4 billion, net of tax, on the disposal.
2013-06-30restructuringin_progress1,100GlobalMultiple segments and functionsUSD 115 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Six months ended June 30, 2013 employee termination costs relate to approximately 1,100 additional employees. Segment allocation of six-month restructuring charges: Primary Care $17M, Specialty Care and Oncology $19M, Established Products and Emerging Markets $30M, Consumer Healthcare $1M, R&D operations $15M, manufacturing $82M, Corporate $81M. Cumulative program since 2005: expected reduction of ~63,300 employees, of which ~56,000 terminated as of June 30, 2013; total restructuring charges of $15.9 billion.
2013-06-30divestiture_reductioncompleted9,3002013-06-242013-06-24GlobalAnimal Health (Zoetis)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Full disposition of Zoetis completed June 24, 2013; MD&A attributes a workforce reduction of approximately 9,300 to this transaction.
2013-06-30restructuringin_progress1,100GlobalCompany-wide (manufacturing, sales, research and corporate functions)USD 115 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Employee termination costs for the six months ended June 30, 2013 relate to approximately 1,100 employees; associated charge is the six-month employee termination provision. Long-running program: cumulative expected workforce reduction of ~63,300 since 2005, of which ~56,000 terminated as of June 30, 2013.
2013-06-30divestiture_reductioncompleted9,3002013-06-242013-06-24GlobalAnimal Health (Zoetis)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Full disposition of Animal Health business (Zoetis) resulted in a workforce reduction of approximately 9,300 employees.
2013-06-30restructuringin_progress1,1002013-06-30GlobalVarious (Manufacturing, Sales, R&D, Corporate)USD 115 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Substantially all employee termination costs for the six months ended June 30, 2013 represent additional costs with respect to approximately 1,100 employees. Total restructuring charges incurred from 2005 through June 30, 2013 were $15.9 billion, representing an expected reduction of 63,300 employees, of which approximately 56,000 have been terminated as of June 30, 2013.
2013-06-30divestiture_reductioncompleted9,3002013-06-242013-06-24GlobalAnimal Health (Zoetis)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Full disposition of Animal Health business (Zoetis) resulted in a workforce reduction of approximately 9,300.
2013-06-30restructuringin_progress1,100GlobalVarious (Manufacturing, Sales, R&D, Corporate)USD 115 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Employee termination costs for the six months ended June 30, 2013, represent additional costs with respect to approximately 1,100 employees.
2013-06-30restructuringin_progressUSD 245,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2013-06-30restructuringin_progressCorporate Segment [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2013-06-30restructuringin_progressAnimal Health And Consumer Healthcare [Member]USD 1,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2013-06-30restructuringin_progressResearch And Development Operations [Member]USD 15,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2013-06-30restructuringin_progressEstablished Products And Emerging Markets [Member]USD 19,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2013-06-30restructuringin_progressManufacturing Operations [Member]USD 82,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2013-06-30restructuringin_progressPrimary Care [Member]USD 21,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2013-06-30restructuringin_progressSpecialty Care And Oncology [Member]USD 13,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2013-03-31restructuringin_progress54,0002005-01-01GlobalPrimarily manufacturing, sales and researchUSD -20 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Cumulative program since 2005 targets reduction of approximately 62,000 employees; approximately 54,000 terminated as of March 31, 2013. Q1 2013 employee-termination line reflects a $20 million credit from a change in estimate of headcount and expected cost of planned terminations. Total restructuring charges since 2005 were $15.7 billion pre-tax.
2013-03-31divestiture_reductioncompleted2013-02-062013-02-06GlobalAnimal Health (Zoetis)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
IPO of 19.8% of Zoetis Class A common stock completed February 6, 2013; Pfizer retains control and continues to consolidate Zoetis, so no headcount was removed from consolidated workforce. Employee count of the divested interest not disclosed.
2013-03-31restructuringin_progress2,1002009-01-26GlobalPrimarily Primary Care and Emerging MarketsUSD 138 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2013 workforce decline of 2,100 (91,500 to 89,400) under the ongoing cost-reduction/productivity program announced January 26, 2009, plus an R&D productivity initiative announced February 1, 2011. The $138M Q1 charge comprises a $20M credit for employee terminations (change in estimate), $105M asset impairments, $14M exit costs and $39M integration costs. Cumulatively since 2005 the program targets roughly 62,000 job reductions, with about 54,000 terminated as of 2013-03-31; total restructuring charges since 2005 were $15.7B. No completion date disclosed.
2013-03-31restructuringin_progress2005-01-01GlobalAll segmentsUSD 138 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Part of ongoing cost-reduction initiatives started in 2005. Q1 2013 charges include $105M asset impairments, $14M exit costs, and a $20M credit to employee terminations reflecting change in estimate. Total workforce reduction target is approx 62,000 employees; 54,000 terminated as of March 31, 2013.
2013-03-31reduction_in_forcecompleted2,1002013-01-012013-03-31GlobalPrimary Care and Emerging MarketsMD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Workforce declined by 2,100 from 91,500 to 89,400 in Q1 2013, primarily in Primary Care and Emerging Markets.
2013-03-31restructuringin_progress2005-01-01GlobalAll functionsUSD -20 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Credit to employee terminations reflects change in estimate. Cumulative expected reduction is 62,000 employees; 54,000 terminated as of March 31, 2013.
2013-03-31restructuringin_progressEstablished Products And Emerging Markets [Member]USD 11,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2013-03-31restructuringin_progressAnimal Health And Consumer Healthcare [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2013-03-31restructuringin_progressManufacturing Operations [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2013-03-31restructuringin_progressPrimary Care [Member]USD -5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2013-03-31restructuringin_progressResearch And Development Operations [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2013-03-31restructuringin_progressUSD 15,700,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2013-03-31restructuringin_progressSpecialty Care And Oncology [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2013-03-31restructuringin_progressCorporate [Member]USD 79,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2012-12-31restructuringin_progress4,8002009-01-26GlobalCompany-wide; primarily manufacturing, R&D and corporate functions. 2012 charges allocated across Primary Care, Specialty Care and Oncology, Established Products and Emerging Markets, Animal Health, Consumer Healthcare, R&D operations, manufacturing and CorporateUSD 997 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
2012 activity within multi-year cost-reduction program first announced January 26, 2009 and expanded by an R&D productivity initiative announced February 1, 2011. Substantially all 2012 employee termination costs related to approximately 4,800 employees. Cumulative program since 2005: roughly 62,200 expected workforce reductions, about 51,700 terminated through December 31, 2012. Total workforce declined 12,200 in 2012 (103,700 to 91,500), a figure that also includes acquisition and divestiture impacts. Total 2012 restructuring charges and certain acquisition-related costs were $1,880 million; employee termination severance accrual was $1,793 million at year-end.
2012-12-31divestiture_reductioncompleted2012-11-30Markets outside the U.S. and CanadaNutrition (infant nutritionals)discontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Nutrition business sold to Nestlé on November 30, 2012 for $11.85 billion in cash, with a gain of approximately $4.8 billion net of tax; results reported as discontinued operations. No employee headcount removed via the sale was disclosed. The restructuring narrative indicates the 2012 workforce decline of 12,200 included divestiture impacts.
2012-12-31divestiture_reductioncompleted2013-02-06GlobalAnimal Health (Zoetis Inc.)USD 325 (millions)subsequent_events
f5-10k / GLM-5.3-flash-HTML
Subsequent event: IPO of approximately 19.8% of Zoetis completed February 6, 2013; Pfizer retains control and continues to consolidate Zoetis. Animal Health operations (roughly 9,300 employees at December 31, 2012) were substantially transferred to Zoetis, but the filing cautions Zoetis's assets and operations differ from the Animal Health operating segment, so affected headcount is not determinable. $325 million pre-tax of 2012 separation-related costs were recorded; remaining stake may be distributed tax-free to shareholders.
2012-12-31restructuringin_progress4,8002011-02-01GlobalManufacturing, R&D and corporate functionsUSD 997 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
2012 employee termination costs relate to approximately 4,800 employees under the multi-year cost-reduction and productivity initiatives; part of a program targeting cumulative reduction of about 62,200 positions since 2005 (about 51,700 terminated through 2012).
2012-12-31restructuringin_progress12,2002011-02-01GlobalManufacturing, R&D and corporate functionsUSD 1,880 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Workforce declined from 103,700 to 91,500 during 2012; includes impact of acquisitions and divestitures. 2012 restructuring charges and certain acquisition-related costs totaled $1,880M (employee termination $997M, asset impairments $328M, exit costs $149M). Cumulative reduction of 38,500 since the Wyeth merger.
2012-12-31divestiture_reductioncompleted2012-11-302013-12-31Global (markets outside U.S. and Canada)Nutrition businessdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of Nutrition business to Nestlé for $11.85B completed 2012-11-30; headcount not disclosed. Interim operations continue in certain non-U.S. jurisdictions pending regulatory approval, expected to conclude by end of 2013.
2012-12-31otherannounced2013-02-06GlobalAnimal Health (Zoetis)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Zoetis IPO of ~19.8% stake completed 2013-02-06; Pfizer retains control and continues to consolidate Zoetis (approximately 9,300 Animal Health employees). Company may pursue full tax-free distribution of remaining Zoetis equity interest in the future.
2012-12-31restructuringcompleted12,2002011-01-012012-12-31GlobalManufacturing, R&D, CorporateMD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Workforce declined by 12,200 in 2012, from 103,700 to 91,500, primarily in manufacturing, R&D and corporate functions. Part of ongoing cost-reduction initiatives.
2012-12-31divestiture_reductioncompleted2012-11-302012-11-30GlobalNutritionMD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Sale of Nutrition business to Nestlé completed November 30, 2012. Headcount not explicitly quantified in filing.
2012-12-31acquisition_additioncompleted2012-02-262012-02-26United StatesConsumer HealthcareMD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Alacer Corp. completed February 26, 2012. Headcount not explicitly quantified in filing.
2012-12-31acquisition_additioncompleted2011-12-012011-12-01Nordic Region, Russia, Central and Eastern EuropeConsumer HealthcareMD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Ferrosan consumer healthcare business completed December 1, 2011. Headcount not explicitly quantified in filing.
2012-12-31acquisition_additioncompleted2012-11-272012-11-27North AmericaEstablished ProductsMD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of NextWave Pharmaceuticals completed November 27, 2012. Headcount not explicitly quantified in filing.
2012-12-31restructuringcompleted4,8002009-01-26GlobalManufacturing, R&D, Corporate, SalesUSD 997 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Substantially all employee termination costs in 2012 represent additional costs with respect to approximately 4,800 employees as part of ongoing cost-reduction and productivity initiatives.
2012-12-31divestiture_reductioncompleted2012-11-30GlobalNutritiondiscontinued_operations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Sale of Nutrition business to Nestlé completed November 30, 2012. Headcount removed not explicitly quantified in filing.
2012-12-31acquisition_additioncompleted2012-11-27North AmericaEstablished Productsbusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of NextWave Pharmaceuticals completed November 27, 2012. Headcount added not explicitly quantified in filing.
2012-12-31acquisition_additioncompleted2012-02-26United StatesConsumer Healthcarebusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Alacer Corp. completed February 26, 2012. Headcount added not explicitly quantified in filing.
2012-12-31acquisition_additioncompleted2011-12-01Nordic, Russia, Central/Eastern EuropeConsumer Healthcarebusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Ferrosan consumer healthcare business completed December 1, 2011. Headcount added not explicitly quantified in filing.
2012-12-31restructuringin_progressSpecialty Care And Oncology [Member]USD 175,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2012-12-31restructuringin_progressManufacturing Operations [Member]USD 265,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2012-12-31restructuringin_progressResearch And Development Operations [Member]USD 6,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2012-12-31restructuringin_progressConsumer Healthcare [Member]USD 45,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2012-12-31restructuringin_progressEstablished Products And Emerging Markets [Member]USD 125,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2012-12-31restructuringin_progressPrimary Care [Member]USD 295,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2012-12-31restructuringin_progressUSD 15,610,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2012-12-31restructuringin_progressAnimal Health [Member]USD 59,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2012-12-31restructuringin_progressCorporate [Member]USD 516,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2012-12-31restructuringcompleted4,8002012-01-012012-12-31GlobalManufacturing, R&D, Corporate, SalesUSD 997 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Substantially all employee termination costs in 2012 represent additional costs with respect to approximately 4,800 employees. Part of ongoing cost-reduction and productivity initiatives.
2012-12-31divestiture_reductioncompleted2012-11-302012-11-30GlobalNutritiondiscontinued_operations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Sale of Nutrition business to Nestle. Employee count not explicitly disclosed in filing.
2012-12-31acquisition_additioncompleted2012-11-272012-11-27North AmericaEstablished Productsbusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of NextWave Pharmaceuticals. Employee count not explicitly disclosed.
2012-12-31acquisition_additioncompleted2012-02-262012-02-26GlobalConsumer Healthcarebusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Alacer Corp. Employee count not explicitly disclosed.
2012-12-31acquisition_additioncompleted2011-12-012011-12-01Nordic, Russia, Central/Eastern EuropeConsumer Healthcarebusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Ferrosan consumer healthcare business. Reflected in 2012 results. Employee count not explicitly disclosed.
2012-09-30restructuringin_progress2,3002011-02-012012-12-31Company-wide (manufacturing, sales, research, corporate)USD 424 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Nine-month employee termination costs of $424 million represent additional accruals for reserves for approximately 2,300 employees; $113 million of employee termination costs in the three months ended September 30, 2012. Cumulatively since 2005 initiatives, expected workforce reduction of approximately 59,700 employees, of which approximately 49,300 terminated as of September 30, 2012. Restructuring accrual balance of $1,689 million at September 30, 2012 ($1,579 million employee termination costs).
2012-09-30divestiture_reductionannounced2012-04-23Nutrition business (including certain prenatal multivitamins from Consumer Healthcare)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Agreement to sell Nutrition business to Nestlé for $11.85 billion in cash; expected to close in the next few months subject to regulatory clearances. Headcount affected not disclosed.
2012-09-30divestiture_reductionannounced2012-08-13Animal Health business (Zoetis Inc.)subsequent_events
f5-10q / GLM-5.3-flash-fp4-HTML
Registration statement filed with SEC for potential IPO of up to a 20% ownership stake in Animal Health business, targeted for first half of 2013; variety of options for potential full separation. Headcount affected not disclosed.
2012-09-30acquisition_additioncompleted2012-02-262012-02-26United StatesConsumer Healthcare (Emergen-C)business_combinations_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Acquisition of Alacer Corp. completed February 26, 2012; headcount added not disclosed.
2012-09-30acquisition_additioncompleted2011-12-012011-12-01Nordic region; Russia and Central and Eastern EuropeConsumer Healthcarebusiness_combinations_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Acquisition of Ferrosan consumer healthcare business completed December 1, 2011, reflected in Pfizer's condensed consolidated financial statements beginning in the first fiscal quarter of 2012; headcount added not disclosed.
2012-09-30restructuringin_progress2,300GlobalCompany-wide (U.S. field force, manufacturing, R&D and corporate operations per MD&A)USD 424 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Nine-month 2012 provision for employee termination costs of $424M represents additional accruals for reserves covering approximately 2,300 employees; total restructuring provision for the period was $793M and the accrual balance at 2012-09-30 was $1,689M ($949M current, $740M noncurrent). MD&A separately reports a net workforce decline of 4,900 in 2012 through September 30 (103,700 to 98,800) under the same program — not captured as a separate action to avoid double counting. Cumulative program since 2005 targets about 59,700 reductions, of which about 49,300 employees had been terminated as of 2012-09-30; combined Pfizer/Wyeth reduction of 31,200 achieved since January 2009. No single announcement date or completion date is given for the ongoing program (initiatives date from 2005, 2009 and the February 1, 2011 R&D productivity initiative).
2012-09-30divestiture_reductionannounced2012-04-23GlobalNutrition business (including certain prenatal multivitamins from Consumer Healthcare)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell the Nutrition business to Nestlé for $11.85 billion in cash; expected to close in the next few months subject to regulatory clearances. Reported as discontinued operations since Q2 2012. No headcount associated with the sale is disclosed.
2012-09-30acquisition_additionannounced2012-10-222012-12-31United StatesSpecialty pharmaceuticals — ADHD/CNS (NextWave Pharmaceuticals, Inc.)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Post-quarter announcement; $255 million payable at closing plus up to $425 million in sales milestones (a $20 million option payment was made in Q2 2012). Expected to close during Q4 2012 subject to U.S. regulatory approval. No headcount disclosed.
2012-09-30acquisition_additioncompleted2012-02-26United StatesConsumer Healthcare (Alacer Corp. — Emergen-C)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition completed 2012-02-26 (within the year-to-date period); recorded $247M identifiable intangibles, $151M goodwill. No headcount added is disclosed. Original announcement date not stated in this filing.
2012-09-30restructuringin_progress2,3002005-01-01GlobalManufacturing, Sales, Research, CorporateUSD 424 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Employee termination costs for the nine months ended September 30, 2012 represent additional accruals with respect to reserves for approximately 2,300 employees. Part of broader initiative to reduce workforce by approx 59,700 since 2005.
2012-09-30acquisition_additioncompleted2012-02-26United StatesConsumer Healthcarebusiness_combinations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Alacer Corp. completed February 26, 2012. Headcount not explicitly disclosed.
2012-09-30acquisition_additioncompleted2011-12-01Nordic region, Russia, Central and Eastern EuropeConsumer Healthcarebusiness_combinations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Ferrosan consumer healthcare business completed December 1, 2011. Headcount not explicitly disclosed.
2012-09-30restructuringin_progress2,300GlobalVarious (Manufacturing, Sales, R&D, Corporate)USD 424 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Additional accruals with respect to reserves for approximately 2,300 employees for the nine months ended September 30, 2012. Part of ongoing cost-reduction initiatives.
2012-09-30restructuringin_progress49,300GlobalVarious (Manufacturing, Sales, R&D)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Cumulative total of approximately 49,300 employees terminated as of September 30, 2012, out of an expected reduction of 59,700 employees since 2005.
2012-09-30restructuringin_progressSpecialty Care And Oncology [Member]USD 79,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2012-09-30restructuringin_progressEstablished Products And Emerging Markets [Member]USD 20,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2012-09-30restructuringin_progressResearch And Development Operations [Member]USD -39,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2012-09-30restructuringin_progressManufacturing Operations [Member]USD 193,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2012-09-30restructuringin_progressPrimary Care [Member]USD 51,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2012-09-30restructuringin_progressCorporate [Member]USD 438,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2012-09-30restructuringin_progressAnimal Health And Consumer Healthcare [Member]USD 8,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2012-07-01restructuringin_progress2,600Company-wide (cost-reduction and productivity initiatives)USD 311 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Six months ended July 1, 2012 employee termination cost provision reflects additional accruals for reserves for approximately 2,600 employees. Cumulative program since 2005 targets a workforce reduction of approximately 60,000 employees, of which approximately 47,900 had been terminated as of July 1, 2012. Restructuring accrual balance of $2,044 million at July 1, 2012 ($1,952 million employee termination costs, $92 million exit costs).
2012-07-01divestiture_reductionannounced2012-04-23Nutrition businessMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Agreement to sell Nutrition business to Nestlé for $11.85 billion in cash; no employee headcount associated with the divestiture was disclosed.
2012-07-01restructuringin_progress2,6002012-12-31GlobalCompany-wide (Corporate, manufacturing, R&D, U.S. field force)USD 311 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Six-month provision for employee termination costs relates to additional accruals for reserves covering approximately 2,600 employees; part of long-running cost-reduction initiatives (begun 2005) and the R&D productivity initiative announced 2011-02-01, so no single announcement date applies. Total restructuring charges for the six months were $787M (including $247M asset impairments and $20M exit costs). Cumulatively about 47,900 of a planned ~60,000 positions have been eliminated since 2005. Initiatives targeted for completion through 2012.
2012-07-01restructuringin_progress2,600GlobalVarious (Manufacturing, Sales, R&D, Corporate)USD 311 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Provision for employee termination costs includes additional accruals with respect to reserves for approximately 2,600 employees for the six months ended July 1, 2012. Part of broader initiative to reduce workforce by approx 60,000 since 2005.
2012-07-01acquisition_additioncompleted2012-02-262012-02-26United StatesConsumer Healthcarebusiness_combinations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Alacer Corp. completed. Headcount not explicitly disclosed.
2012-07-01acquisition_additioncompleted2011-12-012011-12-01Nordic region, Russia, Central and Eastern EuropeConsumer Healthcarebusiness_combinations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Ferrosan Holding A/S consumer healthcare business completed. Headcount not explicitly disclosed.
2012-07-01restructuringin_progress2,600GlobalVarious (Manufacturing, Sales, R&D, Corporate)USD 311 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Provision for six months ended July 1, 2012 includes additional accruals for reserves for approximately 2,600 employees.
2012-07-01restructuringin_progressCorporate [Member]USD 378,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2012-07-01restructuringin_progressResearch And Development Operations [Member]USD 25,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2012-07-01restructuringin_progressManufacturing Operations [Member]USD 166,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2012-07-01restructuringin_progressSpecialty Care And Oncology [Member]USD 19,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2012-07-01restructuringin_progressPrimary Care [Member]USD 32,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2012-07-01restructuringin_progressEstablished Products And Emerging Markets [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2012-07-01restructuringin_progressAnimal Health And Consumer Healthcare [Member]USD 18,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2012-04-01restructuringin_progress59,4002005-01-01Primarily manufacturing, sales and researchUSD 10,869 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Cumulative program since 2005: expected workforce reduction of approximately 59,400 employees, of which approximately 46,300 had been terminated as of April 1, 2012. Cumulative employee termination costs of $10,869 million incurred 2005-2012; accrual of $2,231 million as of April 1, 2012.
2012-04-01restructuringin_progress2011-02-012012-12-31Research and developmentMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
R&D productivity initiative announced February 1, 2011 to reduce annual R&D expenses; adjusted R&D expenses of $1.8 billion in Q1 2012, with a 2012 goal of approximately $6.5-$7.0 billion. Includes site closures (e.g., Sandwich, U.K.) and workforce reductions.
2012-04-01acquisition_additioncompleted2012-02-262012-02-26United StatesConsumer Healthcarebusiness_combinations_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Acquisition of Alacer Corp. (Emergen-C vitamin supplements) completed February 26, 2012; no employee headcount disclosed.
2012-04-01acquisition_additioncompleted2011-12-012011-12-01Nordic region; Russia; Central and Eastern EuropeConsumer Healthcarebusiness_combinations_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Acquisition of Ferrosan's consumer healthcare business completed December 1, 2011, reflected in Q1 2012 financials; no employee headcount disclosed.
2012-04-01divestiture_reductionannounced2012-04-232013-06-30Nutrition operating segmentUSD 11,850 (millions)subsequent_events
f5-10q / GLM-5.3-flash-fp4-HTML
Agreement to sell the Nutrition operating segment to Nestlé for $11.85 billion in cash; expected to close by the first half of 2013 subject to regulatory clearances. No employee headcount disclosed.
2012-04-01restructuringin_progress2012-12-31GlobalCompany-wideUSD 596 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Consolidated program combining the cost-reduction initiative announced 2009-01-26 (incorporating Wyeth integration) and the R&D productivity initiative announced 2011-02-01. Q1 2012 restructuring charges by segment: Primary Care $3M; Specialty Care and Oncology $3M; Established Products and Emerging Markets $3M; Animal Health and Consumer Healthcare $5M; R&D operations $12M; manufacturing operations $152M; Corporate $318M. Q1 2012 employee termination costs $267M; asset impairments $218M; integration costs $100M; total costs associated with cost-reduction/acquisition activity $999M. Cumulative since 2005: expected workforce reduction of approximately 59,400 employees, of which approximately 46,300 had been terminated as of 2012-04-01 (cumulative, not a quarterly figure). Restructuring accrual at 2012-04-01 was $2,315M. Total costs of both initiatives could reach $16.4B through 2012, of which approximately $13.6B incurred through 2012-04-01. No quarterly employees-affected count disclosed.
2012-04-01acquisition_additioncompleted2012-02-26United StatesConsumer Healthcarebusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Alacer Corp. (Emergen-C) completed 2012-02-26; expected_completion_date reflects actual completion. Headcount added not disclosed. Recorded approximately $250M identifiable intangibles and approximately $130M goodwill; purchase price allocation not finalized.
2012-04-01acquisition_additioncompleted2011-12-01Denmark (Nordics, Russia, Central and Eastern Europe)Consumer Healthcarebusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Ferrosan's consumer healthcare business completed 2011-12-01 but first reflected in the condensed consolidated financials for Q1 2012 (non-U.S. subsidiaries report on a November 30 fiscal year). Headcount added not disclosed. Recorded approximately $480M identifiable intangibles and approximately $230M goodwill.
2012-04-01divestiture_reductionannounced2012-04-232013-06-30GlobalNutritionsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement announced 2012-04-23 to sell the Nutrition operating segment to Nestlé for $11.85 billion in cash; expected to close by the first half of 2013 subject to regulatory clearances. Headcount to be removed not disclosed. Nutrition will be presented as a discontinued operation on a retroactive basis beginning Q2 2012.
2012-04-01restructuringin_progress2005-01-01GlobalAll segmentsUSD 596 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Part of ongoing cost-reduction initiatives since 2005. Cumulative expected reduction of ~59,400 employees; ~46,300 terminated as of April 1, 2012. Q1 2012 charges include $267M employee termination costs and $218M asset impairments.
2012-04-01acquisition_additioncompleted2012-02-26United StatesConsumer Healthcarebusiness_combinations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Alacer Corp. completed February 26, 2012. No specific headcount disclosed.
2012-04-01acquisition_additioncompleted2011-12-01Nordic region, Russia, Central and Eastern EuropeConsumer Healthcarebusiness_combinations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Ferrosan consumer healthcare business completed December 1, 2011. Reflected in Q1 2012 financials. No specific headcount disclosed.
2012-04-01restructuringin_progress2009-01-262012-12-31GlobalManufacturing, Sales, R&D, CorporateUSD 267 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of comprehensive plan to integrate Wyeth operations and cost-reduction initiatives. Cumulative employee termination costs of $10.9B through April 1, 2012 represent expected reduction of ~59,400 employees since 2005. Q1 2012 charge of $267M for employee termination costs.
2012-04-01restructuringin_progress2011-02-012012-12-31GlobalR&DMD&A
f5-10q / Qwen3.6-27B-Q8_0
R&D productivity initiative announced Feb 1, 2011 to improve innovation and overall productivity. Includes site closures and workforce reductions in R&D.
2012-04-01restructuringin_progressCorporate [Member]USD 318,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2012-04-01restructuringin_progressAnimal Health And Consumer Healthcare [Member]USD 5,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2012-04-01restructuringin_progressEstablished Products And Emerging Markets [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2012-04-01restructuringin_progressPrimary Care [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2012-04-01restructuringin_progressSpecialty Care And Oncology [Member]USD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2012-04-01restructuringin_progressResearch And Development Operations [Member]USD 12,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2012-04-01restructuringin_progressManufacturing Operations [Member]USD 152,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-12-31restructuringin_progress17,0002011-02-012012-12-31Global (primarily U.S.)U.S. field force, manufacturing, R&D and corporate operations (charges also allocated to Primary Care, Specialty Care & Oncology, Established Products & Emerging Markets, Animal Health & Consumer Healthcare, Nutrition)USD 2,174 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Multi-year program built on January 26, 2009 Wyeth-integration initiatives plus the February 1, 2011 R&D productivity initiative; targets $4–5B net cost reductions by end of 2012 and total costs up to $16.4B through 2012. 2011 restructuring charges of $2,174M (severance $1,791M, asset impairments $256M, other $127M), part of $2,934M restructuring and certain acquisition-related costs including $30M transaction and $730M integration costs. Segment charge allocation: Primary Care $593M, Specialty Care & Oncology $220M, Established Products & Emerging Markets $110M, Animal Health & Consumer Healthcare $51M, Nutrition $4M, R&D operations $489M, manufacturing $280M, Corporate $427M. The ~17,000 headcount decrease during 2011 is the net change in total workforce (down from ~120,700 post-Wyeth close) and includes unquantified effects of the Capsugel divestiture. Cumulative program-to-date: expected workforce reduction of ~57,400 employees with ~42,800 terminated through 2011-12-31; restructuring accrual of $2,526M at year-end ($1.6B current, $928M noncurrent). Includes facility rationalizations such as substantial downsizing of the Sandwich, U.K. R&D site and disposal of the Catania, Italy toxicology site.
2011-12-31acquisition_additioncompleted2011-01-312011-02-28United States (global operations)Primary Care, Established Products, Animal Health (pain treatments, EpiPen auto-injector business)business_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Tender offer completed 2011-01-31 for ~92.5% of shares; remaining shares acquired 2011-02-28 at $14.25 per share in cash. Total consideration approximately $3.6B ($3.2B net of cash acquired). Number of employees added through the acquisition is not disclosed in this filing.
2011-12-31divestiture_reductioncompleted2011-08-01GlobalCapsugel (hard gelatin, liquid, softgel, non-animal and fish gelatin capsule manufacturing)discontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Completed sale for approximately $2.4B in cash on 2011-08-01; pre-tax gain of $1,688M ($1,304M net of tax) recorded in discontinued operations. Headcount removed with the divested business is not disclosed; part of the ~17,000 net 2011 workforce decrease relates to this disposal.
2011-12-31restructuringin_progress42,8002005GlobalCompany-wide (U.S. field force, manufacturing, R&D and corporate operations)USD 10,602 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cumulative through fiscal year-end. Employee termination costs since the 2005 start of cost-reduction initiatives represent an expected workforce reduction of approximately 57,400 employees, of which approximately 42,800 had been terminated as of 2011-12-31. Charge shown is cumulative employee termination costs incurred 2005-2011; accrual remaining at 2011-12-31 was $2,434 million. Current-year 2011 employee termination costs were $1,791 million.
2011-12-31plant_closurecompletedUnited Kingdom, Italy, United StatesResearch and DevelopmentMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
During 2011 Pfizer closed its Sandwich, U.K. R&D facility (retaining a small presence), disposed of the Catania, Italy toxicology site, exited R&D sites in Aberdeen and Gosport, U.K., and disposed of a vacant site in St. Louis, MO. No site-level headcount disclosed. 2011 restructuring charges allocated to research and development operations were $489 million.
2011-12-31acquisition_additioncompleted2011-01-312011-02-28United States and internationalPrescription pharmaceuticals (pain), Meridian auto-injectors, established products, animal healthbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Total consideration approximately $3.6 billion cash ($3.2 billion net of cash acquired). Headcount added not disclosed. 2011 results include approximately 11 months of King U.S. operations and 10 months of King international operations; King revenues were $1.3 billion in 2011.
2011-12-31divestiture_reductioncompleted2011-08-012011-08-01GlobalCapsugel (hard gelatin capsule manufacturing)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sold for approximately $2.4 billion in cash; pre-tax gain on sale of $1,688 million ($1,304 million after tax) recorded in discontinued operations. Headcount removed not disclosed.
2011-12-31acquisition_additioncompleted2011-12-012011-12-01Nordic region, Russia, Central and Eastern EuropeConsumer HealthcareMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of the consumer healthcare business of Ferrosan Holding A/S; closed 2011-12-01 (falls in Q1 2012 for international operations). Headcount added not disclosed.
2011-12-31acquisition_additioncompleted2012-02-262012-02-26United StatesConsumer Healthcare (vitamin supplements, Emergen-C)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Subsequent event: acquisition of Alacer Corp. completed 2012-02-26, after fiscal year-end and before the 2012-02-28 filing date. Headcount added not disclosed.
2011-12-31restructuringcompleted17,0002009-01-262011-12-31GlobalAll segmentsUSD 12,700 (millions)Item 1. Business - Employees
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Combined workforce decreased by 17,000 primarily in U.S. field force, manufacturing, R&D and corporate operations following Wyeth acquisition. Total costs incurred through Dec 31, 2011 were approx $12.7 billion.
2011-12-31restructuringin_progress2011-02-012012-12-31GlobalResearch and DevelopmentItem 1. Business - Research and Development
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Announced new research and productivity initiative to improve innovation and overall productivity in R&D by prioritizing areas with greatest scientific and commercial promise.
2011-12-31restructuringin_progress17,0002009-01-262012-12-31GlobalAll segmentsMD&A
f5-10k / Qwen3.6-27B-Q8_0
Workforce decreased by 17,000 from combined Pfizer/Wyeth total of 120,700 to 103,700 as of Dec 31, 2011. Part of multi-year initiative announced Jan 26, 2009.
2011-12-31restructuringin_progress40,4002005-01-012012-12-31GlobalManufacturing, Sales, ResearchUSD 1,791 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Cumulative employee termination costs of $1.791 billion in 2011 relate to expected reduction of 57,400 employees since 2005. 42,800 terminated as of Dec 31, 2011. 2011 activity includes 17,000 net reduction from Wyeth acquisition integration.
2011-12-31restructuringin_progressCorporate [Member]USD 427,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2011-12-31restructuringin_progressAnimal Health and Consumer Healthcare operating segment [Member]USD 51,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2011-12-31restructuringin_progressEstablished Products and Emerging Markets [Member]USD 110,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2011-12-31restructuringin_progressNutrition [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2011-12-31restructuringin_progressPrimary Care [Member]USD 593,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2011-12-31restructuringin_progressSpecialty Care And Oncology [Member]USD 220,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2011-12-31restructuringin_progressResearch and Development Operations [Member]USD 489,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2011-12-31restructuringin_progressManufacturing Operations [Member]USD 280,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2011-10-02restructuringin_progress2011-02-012012-12-31Company-wide cost-reduction and productivity initiatives, including R&D realignmentUSD 1,626 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Nine-month 2011 employee termination costs of $1,626 million ($770 million in Q3). Cumulative program since 2005: expected workforce reduction of approximately 57,800 employees, of which approximately 41,000 terminated as of October 2, 2011. February 1, 2011 R&D productivity initiative expected to incur pre-tax charges of $1.7-$2.4 billion, majority in 2011.
2011-10-02restructuringin_progress2012-12-31WorldwideMultiple segments, R&D operations, manufacturing and CorporateUSD 770 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Charge is Q3 2011 employee termination costs (severance); quarterly employee count not disclosed. Cumulative program since 2005: expected workforce reduction of approximately 57,800, of which approximately 41,000 terminated as of 2011-10-02; restructuring accrual of $2,824M at period end. Cost reductions of $4B-$5B targeted by end of 2012.
2011-10-02restructuringin_progress2011-02-01WorldwideResearch and DevelopmentMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Research and productivity initiative to prioritize R&D areas; expected pre-tax charges of approximately $1.7B to $2.4B, the majority incurred in 2011. Employees affected not disclosed; adjusted R&D expense targeted at $6.5B-$7.0B in 2012.
2011-10-02acquisition_additioncompleted2011-01-312011-02-28United StatesPrescription pharmaceuticals (pain), Meridian auto-injector/EpiPen, established products, animal healthbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Tender offer completed 2011-01-31 for ~92.5% of shares; remaining shares acquired 2011-02-28. Total consideration ~$3.6B cash ($3.2B net of cash acquired). Headcount added not disclosed; King operations substantially integrated into Pfizer.
2011-10-02divestiture_reductioncompleted2011-04-042011-08-01Capsugel (encapsulation/contract manufacturing)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Capsugel sold to an affiliate of Kohlberg Kravis Roberts & Co. for approximately $2.4B in cash; transaction closed 2011-08-01. Headcount removed not disclosed.
2011-10-02restructuringin_progress2011-02-01GlobalResearch and DevelopmentUSD 1,700 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
New research and productivity initiative announced Feb 1, 2011. Expected pre-tax charges of $1.7 billion to $2.4 billion related to employees, assets and activities that will not continue.
2011-10-02restructuringin_progress57,8002005-01-01GlobalManufacturing, Sales, ResearchUSD 13,898 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Cumulative program since 2005. Expected reduction of 57,800 employees. 41,000 terminated as of Oct 2, 2011. Total costs incurred 2005-2011: $13.9 billion.
2011-10-02restructuringin_progress2005-01-01GlobalVarious (Manufacturing, Sales, R&D, Corporate)USD 1,101 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Ongoing cost-reduction and productivity initiatives since 2005. Cumulative expected workforce reduction of approx. 57,800 employees; approx. 41,000 terminated as of Oct 2, 2011. Q3 2011 charges include $770M employee termination costs and $99M asset impairments.
2011-10-02restructuringin_progress2011-02-01GlobalResearch and DevelopmentMD&A
f5-10q / Qwen3.6-27B-Q8_0
New research and productivity initiative announced Feb 1, 2011 to improve innovation and overall productivity in R&D. Expected pre-tax charges of $1.7B-$2.4B, majority incurred in 2011.
2011-10-02restructuringin_progressCorporate [Member]USD 288,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-10-02restructuringin_progressAnimal Health and Consumer Healthcare [Member]USD 44,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-10-02restructuringin_progressEstablished Products and Emerging Markets [Member]USD 80,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-10-02restructuringin_progressNutrition [Member]USD 4,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-10-02restructuringin_progressPrimary Care [Member]USD 606,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-10-02restructuringin_progressSpecialty Care And Oncology [Member]USD 228,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-10-02restructuringin_progressResearch and Development Operations [Member]USD 426,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-10-02restructuringin_progressManufacturing Operations [Member]USD 203,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-07-03acquisition_additioncompleted2,3002011-01-312011-02-28GlobalAll segmentsUSD 3,600 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Acquisition of King Pharmaceuticals added approximately 2,300 colleagues; total consideration approximately $3.6 billion in cash
2011-07-03restructuringin_progress55,4002005-01-01GlobalPrimarily manufacturing, sales and researchUSD 9,667 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Cumulative program since 2005: expected reduction of approximately 55,400 employees, of which approximately 39,100 terminated as of July 3, 2011; employee termination costs of $189 million in Q2 2011 and $856 million in first six months of 2011
2011-07-03restructuringin_progress2011-02-01GlobalResearch and developmentUSD 2,050 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Research and productivity initiative announced February 1, 2011; expected pre-tax charges of approximately $1.7 billion to $2.4 billion, majority in 2011; targets adjusted R&D expenses of $6.5-$7.0 billion in 2012
2011-07-03divestiture_reductioncompleted2011-04-042011-08-01GlobalCapsugel businessUSD 2,375 (millions)other
f5-10q / GLM-5.3-flash-fp4-HTML
Sale of Capsugel to an affiliate of Kohlberg Kravis Roberts & Co. L.P. for $2.375 billion in cash; transaction closed August 1, 2011; headcount affected not disclosed
2011-07-03acquisition_additioncompleted2,3002011-01-312011-02-28GlobalNot specifiedMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
King Pharmaceuticals acquisition (tender offer completed Jan 31, 2011; remaining shares acquired Feb 28, 2011). Filer attributes the 1,200 net workforce increase since Dec 31, 2010 to the addition of 2,300 King colleagues.
2011-07-03restructuringin_progress55,4002005GlobalMultiple segments; research and development, manufacturing and CorporateUSD 12,991 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Long-running cost-reduction and transformation program begun in 2005. Expected workforce reduction of approximately 55,400, of which approximately 39,100 employees had been terminated as of 2011-07-03. Charge shown is cumulative costs incurred 2005-2011; six-month 2011 charges were $1,373M and the remaining accrual was $2,355M ($1.7B current, $657M noncurrent). Employee counts are disclosed only in total, not by segment; 2011 charges were allocated across Primary Care, Specialty Care and Oncology, Established Products and Emerging Markets, Animal Health and Consumer Healthcare, Nutrition, R&D operations, manufacturing and Corporate.
2011-07-03restructuringin_progress2011-02-01GlobalResearch and developmentUSD 1,700 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Research and productivity initiative announced Feb 1, 2011 to prioritize R&D areas with greatest scientific and commercial promise. Expected pre-tax charges of approximately $1.7 billion to $2.4 billion (value shown is the low end of the disclosed range), with the majority incurred in 2011; no employee count disclosed.
2011-07-03divestiture_reductioncompleted2011-04-042011-08-01GlobalCapsugelother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell Capsugel announced Apr 4, 2011 for $2.375 billion cash; transaction closed Aug 1, 2011, after period end. No headcount associated with the sale is disclosed.
2011-07-03acquisition_additioncompleted2,3002011-01-31GlobalAll segmentsMD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Addition of 2,300 colleagues from King Pharmaceuticals acquisition.
2011-07-03restructuringin_progress2011-02-01GlobalResearch and DevelopmentUSD 2 (billions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
New research and productivity initiative announced Feb 1, 2011. Expected pre-tax charges $1.7B-$2.4B. Majority incurred in 2011.
2011-07-03restructuringin_progress2005-01-012012-12-31GlobalAll segmentsUSD 12,991 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Cumulative restructuring charges 2005-2011 total $12.991B. Includes employee termination costs, asset impairments, and other costs.
2011-07-03acquisition_additioncompleted2,3002011-01-31GlobalAll segmentsMD&A
f5-10q / Qwen3.6-27B-Q8_0
Addition of 2,300 colleagues from King Pharmaceuticals acquisition.
2011-07-03restructuringin_progress2005-01-01GlobalManufacturing, Sales, ResearchUSD 189 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Ongoing cost-reduction initiatives. Q2 2011 employee termination costs of $189M. Cumulative expected reduction of ~55,400 employees since 2005; ~39,100 terminated as of July 3, 2011.
2011-07-03restructuringin_progress2011-02-01GlobalResearch and DevelopmentMD&A
f5-10q / Qwen3.6-27B-Q8_0
New research and productivity initiative announced Feb 1, 2011. Expected pre-tax charges of $1.7B-$2.4B related to employees, assets, and activities not continuing.
2011-07-03restructuringin_progressCorporate [Member]USD 135,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-07-03restructuringin_progressAnimal Health and Consumer Healthcare [Member]USD 14,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-07-03restructuringin_progressEstablished Products and Emerging Markets [Member]USD 15,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-07-03restructuringin_progressNutrition [Member]USD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-07-03restructuringin_progressPrimary Care [Member]USD 133,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-07-03restructuringin_progressSpecialty Care And Oncology [Member]USD 42,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-07-03restructuringin_progressResearch and Development Operations [Member]USD 473,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-07-03restructuringin_progressManufacturing Operations [Member]USD 156,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-04-03acquisition_additioncompleted2,5002011-01-31MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Colleagues added from King Pharmaceuticals acquisition completed January 31, 2011
2011-04-03restructuringin_progress53,5002005-01-01Mainly manufacturing, sales and researchUSD 9,478 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Cumulative expected workforce reduction since 2005; approximately 37,900 employees terminated as of April 3, 2011
2011-04-03restructuringin_progress2011-02-01Worldwide Research and DevelopmentUSD 1,700 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
R&D productivity initiative; expected pre-tax charges of approximately $1.7-$2.4 billion, majority in 2011; Q1 2011 restructuring charges of $502 million plus $70 million implementation/depreciation costs
2011-04-03divestiture_reductionannounced2011-04-042011-09-30Capsugel businessother
f5-10q / GLM-5.3-flash-fp4-HTML
Agreement to sell Capsugel to an affiliate of Kohlberg Kravis Roberts & Co. L.P. for $2.375 billion in cash; headcount impact not disclosed
2011-04-03acquisition_additioncompleted2,5002011-01-312011-02-28United StatesCompany-wide (King Pharmaceuticals)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Tender offer for King Pharmaceuticals completed January 31, 2011 (approximately 92.5% of shares for ~$3.3 billion); remaining shares acquired February 28, 2011. Total consideration ~$3.6 billion cash. Filer states the quarter-end workforce increase of 1,800 reflects the addition of approximately 2,500 King colleagues.
2011-04-03restructuringin_progressGlobalCompany-wide (Primary Care, Specialty Care and Oncology, Established Products and Emerging Markets, Animal Health and Consumer Healthcare, Nutrition, Worldwide Research and Development, Corporate)USD 705 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Long-running cost-reduction and transformation program (since 2005). Q1 2011 restructuring charges of $705 million (employee termination costs $667 million, asset impairments $25 million, other $13 million); the income statement line 'Restructuring charges and certain acquisition-related costs' of $894 million also includes transaction costs of $10 million and integration costs of $179 million. Cumulative program: expected workforce reduction of approximately 53,500 employees since 2005, of which approximately 37,900 had been terminated as of April 3, 2011 (cumulative, not a quarterly figure). Restructuring accrual of $2,410 million as of April 3, 2011 ($1.7 billion current, $700 million noncurrent). No quarterly employees-affected count disclosed.
2011-04-03restructuringin_progress2011-02-01GlobalWorldwide Research and Development; CorporateMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Research and productivity initiative announced February 1, 2011 to improve R&D innovation and productivity. Expected pre-tax charges of approximately $1.7 billion to $2.4 billion, with the majority incurred in 2011 (range not representable as a single value). Q1 2011 charges: $502 million restructuring charges plus $70 million implementation costs and additional depreciation related to the R&D productivity initiative. Employees affected not disclosed. Expected adjusted R&D expense of $8.0-$8.5 billion in 2011 and $6.5-$7.0 billion in 2012.
2011-04-03divestiture_reductionannounced2011-04-042011-09-30GlobalCapsugelsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement announced April 4, 2011 (one day after quarter end) to sell Capsugel to an affiliate of Kohlberg Kravis Roberts & Co. L.P. for $2.375 billion in cash, subject to regulatory approvals; expected to close in the third quarter of 2011. Business reclassified as a discontinued operation for all periods presented. Headcount associated with the divestiture not disclosed.
2011-04-03restructuringin_progress2011-02-01GlobalResearch and DevelopmentUSD 1,700 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
New research and productivity initiative announced Feb 1, 2011. Expected pre-tax charges of $1.7 billion to $2.4 billion, majority incurred in 2011. Related to employees, assets, and activities not continuing in restructured organization.
2011-04-03acquisition_additioncompleted2,5002011-01-31GlobalAll SegmentsMD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Addition of 2,500 colleagues from King Pharmaceuticals acquisition completed Jan 31, 2011.
2011-04-03restructuringin_progress2011-02-01GlobalResearch and DevelopmentUSD 1,700 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
New research and productivity initiative announced Feb 1, 2011. Expected pre-tax charges of $1.7B-$2.4B related to employees, assets, and activities not continuing. Majority of charges incurred in 2011.
2011-04-03acquisition_additioncompleted2,5002011-01-31GlobalAll SegmentsMD&A
f5-10q / Qwen3.6-27B-Q8_0
Addition of 2,500 colleagues from King Pharmaceuticals acquisition completed Jan 31, 2011.
2011-04-03restructuringin_progress Primary CareUSD 46,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-04-03restructuringin_progress Research And DevelopmentUSD 422,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-04-03restructuringin_progress CorporateUSD 187,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-04-03restructuringin_progress Specialty Care And OncologyUSD 35,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-04-03restructuringin_progress Established Products And Emerging MarketsUSD 3,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-04-03restructuringin_progress Animal Health And Consumer HealthcareUSD 10,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2011-04-03restructuringin_progress NutritionUSD 2,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2010-12-31restructuringin_progress49,0002009-01-262012-12-31GlobalPrimarily Biopharmaceutical segment; terminations mainly in manufacturing, sales and research functionsUSD 1,125 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Multi-year cost-reduction program (announced January 26, 2009) combined with the Wyeth integration plan. Cumulative since 2005: expected reduction of approximately 49,000 employees, of which approximately 36,400 had been terminated as of December 31, 2010. The 2010 severance charge of $1,125 million is a component of $3,214 million in total 2010 restructuring and acquisition-related costs (which also include $1,004 million integration costs and $870 million asset impairments). Workforce declined by 5,900 during 2010 to approximately 110,600, and by 10,100 since the Wyeth closing in October 2009; the company expects to exceed its original 15% workforce-reduction target. Total program costs estimated at $11.5–$13.5 billion through 2012; restructuring accrual of $2,259 million at year-end 2010.
2010-12-31plant_closurein_progress2010-05GlobalGlobal Supply division (manufacturing), excluding CapsugelMD&A
f5-10k / GLM-5.3-flash-HTML
Plant network strategy announced in May and June 2010; nine site exits planned over the next several years. As of December 31, 2010 the company operated plants in 76 locations worldwide. Associated workforce impact is captured within the comprehensive cost-reduction/Wyeth-integration program figures in the related restructuring record; no separate headcount or charge disclosed for the site exits.
2010-12-31restructuringannounced2011-02-012012-12-31Global; includes planned exit of Sandwich, U.K. site and shift of selected resources from Groton, Connecticut to Cambridge, MassachusettsResearch and developmentUSD 800 (millions)subsequent_events
f5-10k / GLM-5.3-flash-HTML
Subsequent-event disclosure for action announced February 1, 2011. Estimated pre-tax employee-termination charges of $800 million to $1.1 billion (value shown is low end of range), plus $300–$500 million of other exit and implementation charges, all cash; most charges in 2011 with the balance in 2012. Initiative refocuses R&D on five priority therapeutic areas with a realigned footprint, including the planned Sandwich, U.K. exit (subject to works council and union consultations) and outsourcing of certain functions; adjusted R&D expense targeted at $6.5–$7.0 billion in 2012. No headcount disclosed.
2010-12-31plant_closureannounced2011-02-01Sandwich, United KingdomResearch and developmentUSD 1,100 (millions)subsequent_events
f5-10k / GLM-5.3-flash-HTML
Planned exit of the Sandwich, U.K. facility announced February 1, 2011 as part of the R&D productivity initiative. Associated pre-tax impairment and additional depreciation-asset restructuring charges of $1.1 billion to $1.3 billion (value shown is low end of range), most of which relate to the Sandwich site; charges are non-cash, mostly in 2011 with the balance in 2012. Employee-termination costs for the initiative are captured in the separate restructuring record.
2010-12-31restructuringin_progress5,9002009-01-262012-12-31GlobalCompany-wide (substantially Biopharmaceutical)USD 1,125 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Count is the net decrease in total workforce during 2010 (separations net of hiring), not gross separations. Employee termination costs of $1,125M were recorded in 2010. Cumulative program since 2005 targets approximately 49,000 reductions, of which approximately 36,400 employees had been terminated as of 2010-12-31; total restructuring accrual was $2,259M at year-end.
2010-12-31plant_closurein_progress2010-05-01GlobalGlobal Supply (manufacturing, excluding Capsugel)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Plant network strategy announced in May and June 2010 will result in the exit of nine manufacturing sites over the next several years; no headcount associated with the site exits is disclosed. Company operated plants in 76 locations at 2010-12-31.
2010-12-31plant_closurein_progressUnited StatesGlobal Research and DevelopmentItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of the R&D St. Louis, Missouri campus completed early in 2010; disposition process begun for R&D sites at Princeton, New Jersey, Chazy, New York, and a portion of the La Jolla, California campus. No headcount disclosed.
2010-12-31restructuringannounced2011-02-012012-12-31Global (primarily Sandwich, United Kingdom)Research and DevelopmentUSD 800 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Severance charge is the low end of a disclosed $800M–$1.1B range of pre-tax employee-termination charges. Program also includes $300M–$500M of other pre-tax exit and implementation charges and $1.1B–$1.3B of impairment and additional depreciation charges (of which $800M–$900M is additional depreciation), most associated with the Sandwich, U.K. facility. Planned exit from Sandwich is subject to works council and union consultations. No employee count disclosed.
2010-12-31acquisition_additionin_progress2010-10-122011-02-28United StatesPrimary Care, Established Products, Animal Healthsubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Tender offer completed 2011-01-31 for approximately 92.5% of King shares at $14.25 per share (~$3.3B cash paid); short-form merger expected on or about 2011-02-28. King's results and headcount are not reflected in the 2010 financial statements and no employee count is disclosed.
2010-12-31acquisition_additioncompleted2010-10-062010-10-06United StatesSpecialty Care (rare diseases)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of FoldRx Pharmaceuticals, Inc. for total consideration of approximately $400M ($200M upfront plus ~$200M acquisition-date fair value of contingent consideration). No headcount disclosed.
2010-12-31divestiture_reductioncompletedAustralia, China, European Union, Switzerland, MexicoAnimal Healthbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Divestiture of certain animal health products and related assets completed during 2010 as required for regulatory approval of the Wyeth acquisition; additional divestitures may be required in other jurisdictions but are not expected to be significant. No headcount disclosed.
2010-12-31restructuringin_progress5,9002009-10-15GlobalAll segmentsItem 1. Business - Employees
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Workforce decreased by 5,900 from Dec 31, 2009. Primarily in US Primary Care field force, manufacturing, R&D, and corporate.
2010-12-31restructuringin_progress10,1002009-10-15GlobalAll segmentsItem 1. Business - Employees
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Since closing of Wyeth acquisition, workforce declined by 10,100. Includes manufacturing, sales, R&D, and corporate operations.
2010-12-31restructuringin_progress5,9002009-01-262012-12-31GlobalAll segmentsUSD 1,125 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Workforce decreased by 5,900 from Dec 31, 2009 to Dec 31, 2010. Part of comprehensive plan to integrate Wyeth. Total expected costs $11.5B-$13.5B through 2012. Employee termination costs incurred in 2010 were $1.1 billion.
2010-12-31restructuringannounced2011-02-012012-12-31GlobalResearch and Developmentsubsequent_events
f5-10k / Qwen3.6-27B-Q8_0
Announced Feb 1, 2011. Focus on high-priority therapeutic areas. Expect significant reductions in annual R&D expenses. Estimated pre-tax impairment and additional depreciation charges of $1.1B-$1.3B, mostly non-cash, associated with Sandwich, U.K. facility.
2010-10-03restructuringin_progress46,6002009-01-262012-12-31Manufacturing, sales and researchUSD 8,324 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Comprehensive plan integrating Wyeth operations; expected workforce reduction of approximately 46,600 employees, of which approximately 33,400 terminated as of October 3, 2010. Employee termination costs incurred 2005-2010 total $8,324 million; company expects to exceed its original 15% workforce reduction target.
2010-10-03plant_closureannounced2010-05-012014-12-31Global Manufacturing (excluding Capsugel)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Plant network strategy announced May 2010 will result in exit of 12 of 76 manufacturing sites over the next four years.
2010-10-03restructuringin_progress46,6002009-01-262012-12-31GlobalManufacturing, sales and research (primarily)USD 2,091 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cumulative program since 2005, consolidated into Wyeth integration plan: expected workforce reduction of about 46,600, of which about 33,400 terminated as of 2010-10-03. Charge shown is restructuring charges for the nine months ended 2010-10-03; total restructuring accrual was $2,041M at period end. Company expects to exceed its original 15% workforce reduction target.
2010-10-03plant_closurein_progress2010-05GlobalGlobal Manufacturing division (excluding Capsugel)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plant network strategy announced May 2010 provides for exit from 12 of 76 manufacturing sites over the next four years; no associated headcount reduction disclosed.
2010-10-03acquisition_additionannounced2010-10-12United StatesBiopharmaceutical (pain), Meridian auto-injector, Animal Healthsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive merger agreement to acquire King Pharmaceuticals for $3.6 billion cash ($14.25/share); tender offer commenced 2010-10-22, targeted close late Q4 2010 or Q1 2011. No headcount disclosed.
2010-10-03restructuringin_progress9,2002009-10-152012-12-31GlobalPrimary Care field force, manufacturing, R&D and corporate operationsUSD 2,091 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Since the closing of the Wyeth acquisition on October 15, 2009, the workforce has declined by 9,200. Total restructuring charges for the nine months ended Oct 3, 2010 were $2,091 million.
2010-10-03restructuringin_progress46,6002005-01-012012-12-31GlobalManufacturing, Sales, Research, CorporateUSD 11,311 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Cumulative expected reduction of workforce by approximately 46,600 employees from 2005 through Oct 3, 2010. Approximately 33,400 employees terminated as of Oct 3, 2010. Includes Wyeth integration.
2010-10-03plant_closureannounced2010-05-012014-12-31GlobalGlobal ManufacturingMD&A
f5-10q / Qwen3.6-27B-Q8_0
Plant network strategy announced May 2010 to exit 12 manufacturing sites over next four years. Employee count not specified.
2010-07-04restructuringin_progress47,4002005-01-01GlobalManufacturing, sales and researchUSD 8,297 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Cumulative program since 2005: expected workforce reduction of approximately 47,400 employees, of which approximately 29,100 had been terminated as of July 4, 2010. Employee termination costs incurred 2005-2010 total $8,297 million; $6,000 million incurred through July 4, 2010; accrual of $2,297 million as of July 4, 2010. Restructuring charges in 2010 relate to the integration of Wyeth.
2010-07-04plant_closureannounced2010-05-01GlobalGlobal Manufacturing (excluding Capsugel)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Plant network strategy announced in May 2010 will result in the exit of 12 of 76 manufacturing sites over the next four years. No employee count disclosed for this action.
2010-07-04restructuringin_progress47,4002009-01-262012-12-31GlobalManufacturing, sales and research (primarily)USD 11,043 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
47,400 is the expected total workforce reduction from cost-reduction initiatives begun in 2005 through completion; approximately 29,100 employees had been terminated as of July 4, 2010. Charge shown is cumulative restructuring charges 2005 through July 4, 2010 (including FX translation adjustments); total program costs estimated at $11.5-$13.5 billion through 2012. 2010 charges relate to Wyeth integration; Jan. 26, 2009 initiatives were folded into the Wyeth integration plan. Q2 2010 employee termination costs were $118 million; six-month 2010, $576 million.
2010-07-04plant_closureannounced2010-052014-05GlobalGlobal Manufacturing division (excluding Capsugel)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Strategy covers 76 manufacturing plant locations worldwide and will result in the exit of 12 sites over approximately four years; no site-specific headcount or charge disclosed.
2010-07-04divestiture_reductioncompletedAustralia, China, European Union, Switzerland (agreements also for Mexico)Animal HealthMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Divestitures of certain animal health products and related assets completed in the first half of 2010, with agreements for certain Fort Dodge Animal Health assets in Mexico; no associated headcount reduction disclosed. Additional divestitures may be required pending regulatory reviews.
2010-07-04restructuringin_progress2009-10-152012-12-31GlobalManufacturing, Sales, ResearchUSD 671 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Three months ended July 4, 2010. Part of comprehensive plan to integrate Wyeth operations. Total expected workforce reduction of 47,400 employees since 2005; 29,100 terminated as of July 4, 2010.
2010-07-04restructuringin_progress2009-10-152012-12-31GlobalManufacturing, Sales, ResearchUSD 1,160 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Six months ended July 4, 2010. Part of comprehensive plan to integrate Wyeth operations. Total expected workforce reduction of 47,400 employees since 2005; 29,100 terminated as of July 4, 2010.
2010-07-04plant_closureannounced2010-05-012014-12-31GlobalGlobal ManufacturingMD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Plant network strategy announced May 2010. Exit of 12 manufacturing sites over next four years. Excludes Capsugel.
2010-07-04restructuringin_progress47,4002005-01-012012-12-31GlobalManufacturing, Sales, ResearchUSD 11,043 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Cumulative expected reduction of approximately 47,400 employees from 2005-2010 initiatives. Approximately 29,100 employees terminated as of July 4, 2010. Includes Wyeth integration costs.
2010-07-04restructuringin_progressUSD 1,160,000,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2010-04-04restructuringin_progress45,4002009-01-262012-12-31Manufacturing, sales and researchUSD 8,179 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Cumulative program since 2005: expected reduction of approximately 45,400 employees, of which approximately 28,100 terminated as of April 4, 2010. Cumulative employee termination costs of $8,179 million; Q1 2010 charges relate to Wyeth integration. Cost-reduction target of $4-5 billion by end of 2012.
2010-04-04restructuringin_progress2009-10-152012-12-31USD 489 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Q1 2010 restructuring charges of $489 million related to Wyeth integration, comprising employee termination costs of $458 million, asset impairments of $6 million and other costs of $25 million. Total restructuring and acquisition-related costs of $706 million; total including additional depreciation of $799 million.
2010-04-04acquisition_additioncompleted2009-10-15business_combinations_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Wyeth acquired October 15, 2009 for approximately $68 billion; legacy Wyeth operations included in results from acquisition date. No explicit headcount addition figure disclosed.
2010-04-04restructuringin_progress2009-01-262012-12-31GlobalCompany-wide (primarily manufacturing, sales and research)USD 489 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2010 restructuring charges of $489M (employee termination $458M, asset impairments $6M, other $25M) relate to Wyeth integration; cumulative since 2005 the program represents an expected workforce reduction of approximately 45,400 employees, of which approximately 28,100 had been terminated as of April 4, 2010; remaining accrual $3,007M; total cost-reduction and acquisition-related costs estimated at $11.5B–$13.5B through 2012, of which approximately $6.3B incurred through April 4, 2010
2010-04-04divestiture_reductionin_progressAustralia, China, European Union, Switzerland, MexicoDiversified — Animal HealthMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Animal health divestitures required in connection with the Wyeth acquisition; Fort Dodge livestock business in Australia divested in 2010, with agreements for assets in China, the EU, Switzerland and Mexico subject to regulatory approval; no headcount figures disclosed
2010-04-04restructuringin_progress2009-10-152012-12-31GlobalManufacturing, Sales and ResearchUSD 489 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Workforce declined by 6,900 since Wyeth acquisition closing. Total expected workforce reduction of 45,400 employees; 28,100 terminated as of April 4, 2010. Charges relate to integration of Wyeth.
2010-04-04restructuringin_progress2,700GlobalPrimary Care field force, manufacturing and R&D operationsUSD 489 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Workforce decreased by 2,700 from December 31, 2009. Restructuring charges of $489 million incurred in Q1 2010 related to Wyeth integration.
2010-04-04restructuringin_progress6,900Primarily United StatesPrimary Care field force, manufacturing and R&D operationsMD&A
f5-10q / Qwen3.6-27B-Q8_0
Cumulative workforce decline of 6,900 since Wyeth acquisition closing on October 15, 2009.
2009-12-31acquisition_additioncompleted42,0002009-01-252009-10-15GlobalAll segments (Biopharmaceutical and Diversified)Item_1_Business
f5-10k / GLM-5.3-flash-HTML
Acquisition of Wyeth completed October 15, 2009 in a cash-and-stock transaction valued at approximately $68 billion. Legacy Wyeth headcount disclosed as 'more than 42,000' as of December 31, 2009; combined workforce approximately 120,700 at closing per Financial Review.
2009-12-31restructuringin_progress40,0002009-01-262012-12-31Global (across all businesses)Primarily manufacturing, sales and researchUSD 2,571 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Multi-year program initiated 2005; since the Wyeth closing, the January 2009 cost-reduction initiative and Wyeth integration form one comprehensive plan. Expected reduction of ~40,000 employees is cumulative through fiscal year-end, with ~25,700 terminated as of 2009-12-31. 2009 employee termination costs were $2,571 million; total 2009 restructuring charges were $3.0 billion (termination $2,571M, asset impairments $159M, other $270M). Workforce declined from ~120,700 at the Wyeth closing to 116,500 at year-end. Estimated total program costs of $11.5–$13.5 billion through 2012.
2009-12-31plant_closureannounced2009R&D sites worldwide (closing locations not specified; retained R&D presence in U.S., Europe, Canada, China)Research and DevelopmentMD&A
f5-10k / GLM-5.3-flash-HTML
Announced in the fourth quarter of 2009: close six R&D sites and consolidate four others, reducing the R&D site footprint by 35%. Upon completion, R&D will operate from five major sites and nine specialized units. No employee count disclosed for this action; completion timeline not specified.
2009-12-31divestiture_reductioncompleted2009-102009-10Primarily U.S. and Canada (Fort Dodge, Iowa); also companion animal vaccines in Australia and cattle vaccines in Europe and South AfricaAnimal Health (Diversified segment)MD&A
f5-10k / GLM-5.3-flash-HTML
October 2009 sale of certain animal health products, research and manufacturing facilities (primarily Fort Dodge, Iowa) and related assets to Boehringer Ingelheim, required for Wyeth regulatory approval. No headcount disclosed. Additional divestitures required in the EU, Switzerland and Mexico with no definitive agreements yet; related assets of $496 million classified as held for sale at year-end.
2009-12-31divestiture_reductioncompleted2010-012010-01AustraliaAnimal Health (Diversified segment) — legacy Fort Dodge livestock businesssubsequent_events
f5-10k / GLM-5.3-flash-HTML
Subsequent event: in January 2010 Pfizer completed the divestiture of the legacy Fort Dodge Animal Health livestock business and certain related assets in Australia. No headcount disclosed.
2009-12-31divestiture_reductionannounced2010-02ChinaAnimal Health (Diversified segment)subsequent_events
f5-10k / GLM-5.3-flash-HTML
Subsequent event: in February 2010 Pfizer entered into an agreement to divest certain animal health assets in China; completion subject to regulatory approval and other closing conditions. No headcount disclosed.
2009-12-31acquisition_additioncompleted120,7002009-10-152009-10-15WorldwideAll segmentsbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Combined workforce of approximately 120,700 at the Wyeth acquisition closing; figure is the combined total, not the incremental headcount added.
2009-12-31restructuringin_progress2009-01-262012-12-31WorldwideAll segmentsUSD 3,000 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
FY2009 restructuring charges of $3,000M (employee termination $2,571M, asset impairments $159M, other $270M). Cumulative through 2009-12-31 the program targets an approximately 40,000-position workforce reduction since 2005, of which approximately 25,700 employees had been terminated; cumulative charges of $9,883M. Employees-affected count for FY2009 alone is not separately disclosed.
2009-12-31plant_closureannounced2009-10-01WorldwideResearch and DevelopmentMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Announced in Q4 2009: closure of six R&D sites and consolidation of four others, reducing the R&D site footprint by 35% to five major sites and nine specialized units. Announcement date is quarter-level only; no employee count or separate charge disclosed.
2009-12-31divestiture_reductionin_progress2009-10-01United States, Canada, Australia, Europe, South Africa, China, European Union, Switzerland, MexicoDiversified — Animal HealthMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Regulatory-approval divestitures of animal health assets required in connection with the Wyeth acquisition, including the Fort Dodge, Iowa facilities sold to Boehringer Ingelheim in October 2009. No employee count disclosed; some divestitures pending as of the filing date.
2009-12-31restructuringin_progress40,0002005-01-012012-12-31GlobalManufacturing, Sales, ResearchUSD 7,721 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Cumulative employee termination costs from 2005 through 2009. Approximately 25,700 employees terminated as of Dec 31, 2009. Program expected to continue through 2012.
2009-12-31acquisition_additioncompleted42,0002009-10-152009-10-15GlobalAll SegmentsItem_1_Business
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Wyeth on Oct 15, 2009. Total legacy Wyeth headcount was more than 42,000.
2009-12-31restructuringin_progress25,7002005-01-01WorldwideManufacturing, Sales, ResearchUSD 2,571 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Cumulative employee terminations from cost-reduction initiatives started in 2005 through Dec 31, 2009. Total expected reduction is approx 40,000. 2009 specific termination costs were $2,571 million.
2009-12-31acquisition_additioncompleted42,0002009-10-152009-10-15WorldwideAll SegmentsItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Wyeth on Oct 15, 2009 added more than 42,000 employees.
2009-09-27restructuringin_progress1,1002009-01-262011-12-31GlobalSales, manufacturing, research and development, and administrative organizationsUSD 141 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Q3 2009 net workforce reduction of approximately 1,100 employees under the January 2009 initiative targeting a 10% total workforce reduction from year-end 2008 levels; net of new hires in expanding areas. Q3 costs comprise $61M restructuring charges and $80M implementation costs.
2009-09-27restructuringin_progress6,5002009-01-262011-12-31GlobalSales, manufacturing, research and development, and administrative organizationsUSD 802 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
First nine months of 2009 net workforce reduction of approximately 6,500 employees under the January 2009 initiative; net of new hires in expanding areas. Nine-month costs comprise $392M restructuring charges and $410M implementation costs.
2009-09-27restructuringin_progress30,9002005-06-01GlobalPrimarily manufacturing, sales and researchUSD 7,275 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Cumulative program since June 2005: expected workforce reduction of approximately 30,900 employees, of which approximately 26,300 have been terminated as of September 27, 2009. Total restructuring charges incurred through the date of $7,275M, including $5,350M employee termination costs; accrual of $1,191M outstanding. Excludes any amounts related to Wyeth.
2009-09-27acquisition_additionannounced2009-01-262009-10-15GlobalUSD 68,236 (millions)subsequent_events
f5-10q / GLM-5.3-flash-fp4-HTML
Acquisition of Wyeth completed October 15, 2009 for total consideration of approximately $68.2 billion (cash-and-stock). No Wyeth headcount figure disclosed in this filing; Wyeth assets, liabilities and results not reflected in the Q3 2009 financial statements.
2009-09-27divestiture_reductioncompleted2009-10-01United States, Canada, Australia, South AfricaAnimal HealthMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
In October 2009, sold certain animal health products, research and manufacturing facilities located primarily in Fort Dodge, Iowa, plus related assets and intellectual property, to Boehringer Ingelheim as required by the Wyeth acquisition regulatory approval process. No headcount figure disclosed. Additional divestitures of animal health assets pending in the EU, Switzerland, Mexico, China and Australia.
2009-09-27restructuringin_progress1,1002009-01-26WorldwideCompany-wide (sales, manufacturing, research and development, administrative organizations)USD 61 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately 1,100 employees reduced in Q3 2009 and approximately 6,500 in the first nine months of 2009, net of new hires; part of a plan to cut total worldwide workforce about 10% from the year-end 2008 level. Q3 charge shown is restructuring charges; total Q3 costs for the initiative were $141M including $80M implementation costs, and $802M for the nine months. Company also intends to reduce facilities square footage by about 15%.
2009-09-27restructuringin_progress26,300WorldwideManufacturing, sales and research (legacy Pfizer cost-reduction initiatives begun 2005)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cumulative program disclosed in the restructuring footnote: from June 2005 through September 27, 2009 the initiatives contemplate an expected workforce reduction of approximately 30,900 employees, of which approximately 26,300 had been terminated. Announcement date not stated (program began June 2005). Q3 2009 severance-related expense was $36M for employee termination costs ($200M for the nine months); total restructuring accrual at September 27, 2009 was $1,191M.
2009-09-27acquisition_additioncompleted2009-01-262009-10-15WorldwidePharmaceutical, consumer health care, vaccines, nutritionals, animal healthsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Wyeth closed October 15, 2009 for approximately $68 billion ($50.40 per Wyeth share); approximately 1.3 billion Pfizer shares issued. No headcount added disclosed. Initial purchase accounting incomplete; Wyeth results not reflected in the September 27, 2009 financial statements.
2009-09-27divestiture_reductionin_progressUnited States, Canada, European Union, Switzerland, Mexico, China, Australia, South AfricaAnimal Healthsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Regulatory condition of the Wyeth acquisition: certain animal health assets divested (including Fort Dodge, Iowa products and facilities sold to Boehringer Ingelheim in October 2009); other divestitures pending or planned with buyers not yet identified in several jurisdictions. Assets to be accounted for at fair value less costs to sell; no employee counts disclosed.
2009-09-27restructuringin_progress1,1002009-01-262011-12-31WorldwideSales, Manufacturing, R&D, AdministrativeUSD 141 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Q3 2009 net reduction of approx. 1,100 employees. Part of Jan 2009 initiative targeting 10% workforce reduction from year-end 2008 levels. Total costs incurred in Q3 were $141 million ($80M implementation, $61M restructuring).
2009-09-27restructuringin_progress6,5002009-01-262011-12-31WorldwideSales, Manufacturing, R&D, AdministrativeUSD 802 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
YTD 2009 net reduction of approx. 6,500 employees. Total costs incurred YTD were $802 million ($410M implementation, $392M restructuring).
2009-09-27restructuringcompleted26,3002005-06-01WorldwideManufacturing, Sales, Researchrestructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Cumulative terminations from 2005 initiatives through Sept 27, 2009. Total expected reduction was approx. 30,900 employees.
2009-09-27restructuringin_progress1,1002009-01-26WorldwideSales, Manufacturing, Research and Development, AdministrativeUSD 141 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Part of Jan 2009 initiative targeting 10% workforce reduction. Q3 2009 reduction of ~1,100 employees. Costs incurred in Q3: $141M ($61M restructuring, $80M implementation).
2009-09-27restructuringin_progress6,5002009-01-26WorldwideSales, Manufacturing, Research and Development, AdministrativeUSD 802 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Part of Jan 2009 initiative targeting 10% workforce reduction. YTD 2009 reduction of ~6,500 employees. Costs incurred YTD: $802M ($392M restructuring, $410M implementation).
2009-09-27restructuringin_progress2005-01-01WorldwideManufacturing, Sales, ResearchUSD 392 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Legacy initiatives (2005-2008). YTD 2009 restructuring charges of $392M. Cumulative employee terminations since 2005: ~26,300 of targeted 30,900.
2009-06-28restructuringin_progress10%2009-01-262010-12-31WorldwideSales, manufacturing, research and development, and administrative organizationsUSD 6,000 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
New cost-reduction initiative announced January 26, 2009; targets ~10% total worldwide workforce reduction from year-end 2008 level and ~15% facilities square footage reduction; ~$6 billion pre-tax total costs expected, of which $1.5 billion was recorded in 2008; program to be completed by end of 2010 with full savings realized by end of 2011.
2009-06-28restructuringin_progress3,7502009-01-262010-12-31WorldwideSales, manufacturing, research and development, and administrative organizationsUSD 330 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Workforce reduced by approximately 3,750 employees in Q2 2009, net of new hires in expanding areas; total costs related to cost-reduction initiatives of $330 million in Q2 2009 ($156 million implementation costs, $174 million restructuring charges).
2009-06-28restructuringin_progress5,4002009-01-262010-12-31WorldwideSales, manufacturing, research and development, and administrative organizationsUSD 661 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Workforce reduced by approximately 5,400 employees in the first six months of 2009, net of new hires in expanding areas; total costs related to cost-reduction initiatives of $661 million in H1 2009 ($330 million implementation costs, $331 million restructuring charges).
2009-06-28reduction_in_forcein_progress31,1002005-06-01WorldwideManufacturing, sales and researchUSD 5,314 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Cumulative employee termination costs from June 2005 through June 28, 2009 represent expected workforce reduction of approximately 31,100 employees, mainly in manufacturing, sales and research; approximately 25,500 employees have been terminated to date. Q2 2009 expensed $29 million for employee termination costs; H1 2009 expensed $164 million. Accrual for employee termination costs as of June 28, 2009: $1,367 million.
2009-06-28restructuringin_progress10%2009-01-262010-12-31WorldwideSales, manufacturing, research and development, and administrative organizationsUSD 6,000 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program-level record: targets roughly a 10% reduction of total worldwide workforce from the year-end 2008 level, plus about a 15% reduction in facilities square footage; program to be completed by end of 2010 with full savings by end of 2011. Estimated pre-tax costs of about $6 billion, of which $1.5 billion was recorded in 2008 and $661 million in the first six months of 2009. Approximately $1 billion of the targeted $3 billion cost reduction to be reinvested. Cumulative Note 5 disclosure (all cost-reduction initiatives since 2005) indicates an expected workforce reduction of about 31,100 employees with about 25,500 terminated through June 28, 2009 — cumulative figure, not a quarterly action. Do not combine with the quarterly execution record below.
2009-06-28restructuringin_progress3,7502009-01-262010-12-31WorldwideSales, manufacturing, research and development, and administrative organizationsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Quarterly execution of the program announced 2009-01-26 (program-level charge and 10% target captured in the preceding record): approximately 3,750 employees reduced in the second quarter of 2009 and approximately 5,400 in the first six months of 2009, net of new hires in expanding areas. Reductions span sales, manufacturing, R&D and administrative organizations.
2009-06-28divestiture_reductionannounced2009-07-01European UnionAnimal Healthsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
European Commission approved the Wyeth transaction in July 2009 subject to Pfizer's commitment to divest certain animal-health assets in the European Union; no headcount or timing disclosed. Exact announcement day within July 2009 not specified in the filing.
2009-06-28restructuringin_progress3,75010%2009-01-262010-12-31WorldwideSales, Manufacturing, Research and Development, AdministrativeUSD 6,000 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
New cost-reduction initiative announced Jan 26, 2009. Expected to reduce total worldwide workforce by approx 10% from year-end 2008 level. Program expected to be completed by end of 2010. Total pre-tax costs approx $6 billion.
2009-06-28restructuringin_progress3,7502009-01-262010-12-31WorldwideSales, Manufacturing, Research and Development, AdministrativeUSD 330 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Q2 2009 specific activity: reduced workforce by approx 3,750 employees. Costs incurred in Q2 2009 were $330 million.
2009-06-28restructuringin_progress5,4002009-01-262010-12-31WorldwideSales, Manufacturing, Research and Development, AdministrativeUSD 661 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
YTD 2009 specific activity: reduced workforce by approx 5,400 employees. Costs incurred in first six months of 2009 were $661 million.
2009-06-28restructuringin_progress31,1002005-01-012009-06-28WorldwideManufacturing, Sales, ResearchUSD 7,214 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Cumulative impact of cost-reduction initiatives launched in 2005 through June 28, 2009. Expected reduction of approx 31,100 employees; approx 25,500 terminated as of period end. Total restructuring charges incurred through period end: $7.2 billion.
2009-06-28restructuringin_progress3,7502009-01-262010-12-31WorldwideSales, manufacturing, research and development, and administrative organizationsUSD 330 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Q2 2009 reduction of approx. 3,750 employees. Part of new initiative announced Jan 26, 2009, targeting 10% workforce reduction from year-end 2008 levels. Program expected to complete by end of 2010.
2009-06-28restructuringin_progress5,4002009-01-262010-12-31WorldwideSales, manufacturing, research and development, and administrative organizationsUSD 661 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
YTD 2009 reduction of approx. 5,400 employees. Part of new initiative announced Jan 26, 2009, targeting 10% workforce reduction from year-end 2008 levels. Program expected to complete by end of 2010.
2009-06-28restructuringin_progress10%2009-01-262010-12-31WorldwideTotal worldwide workforceUSD 6,000 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Announced intent to reduce total worldwide workforce by approx. 10% from year-end 2008 level. Total expected costs approx. $6 billion pre-tax.
2009-03-29restructuringin_progress10%2009-01-262010-12-31WorldwideSales, manufacturing, research and development, and administrative organizationsUSD 6,000 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
New cost-reduction initiative announced January 26, 2009; total worldwide workforce to be reduced by approximately 10%. Expected program costs of approximately $6 billion pre-tax, of which $1.5 billion was recorded in 2008 and $331 million in Q1 2009. In Q1 2009 the workforce was reduced by approximately 1,650 colleagues (net of new hires, primarily in emerging markets). Facilities square footage also to be reduced by approximately 15%; program to be completed by end of 2010 with full savings realized by end of 2011.
2009-03-29restructuringin_progress31,0002005-01-01WorldwideManufacturing, sales and researchUSD 135 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Cost-reduction initiatives begun in 2005: expected workforce reduction of approximately 31,000 employees, mainly in manufacturing, sales and research; approximately 21,400 employees terminated through March 29, 2009. In Q1 2009, $135 million expensed for employee termination costs, $18 million for asset impairments and $4 million for other. Cumulative employee termination costs of $5,285 million through March 29, 2009, with $1,785 million accrued as of March 29, 2009.
2009-03-29restructuringin_progress1,65010%2009-01-262010-12-31WorldwideSales, manufacturing, research and development, and administrative organizationsUSD 331 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
1,650 is the workforce reduction realized in Q1 2009, net of new hires in emerging markets; the 10% figure is the announced program-wide target of total worldwide workforce. Program targets ~$3B reduction in adjusted total costs by end of 2011 with ~$1B reinvested. The $331M charge is the Q1 2009 total for all cost-reduction initiatives per Note 5 ($174M implementation costs + $157M restructuring charges); full program cost estimated at ~$6B pre-tax, of which $1.5B was recorded in 2008. Expected completion of the program itself is end of 2010, with full savings realized by end of 2011.
2009-03-29restructuringin_progress31,0002005-01-01WorldwideManufacturing, sales, and researchrestructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Legacy cost-reduction initiatives launched in early 2005, broadened October 2006, expanded January 2007. Cumulative expected workforce reduction of ~31,000 employees, of which approximately 21,400 had been terminated as of 2009-03-29. Q1 2009 expense: $135M employee termination, $18M asset impairments, $4M other. Cumulative restructuring charges incurred through 2009-03-29 were $7,040M, with a remaining accrual of $1,817M ($1,240M in other current liabilities, $577M in other noncurrent liabilities). Charge left null to avoid double-counting with the $331M Q1 figure on the preceding record. Pfizer states these initiatives were completed during 2008, yet terminations remained incomplete at quarter-end.
2009-03-29restructuringin_progress2009-01-262011-12-31WorldwideSales, Manufacturing, R&D, AdministrativeUSD 331 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Company announced initiative to reduce total worldwide workforce by approximately 10%. In Q1 2009, net reduction of 1,650 colleagues. Total expected costs ~$6 billion pre-tax; $331 million incurred in Q1 2009.
2009-03-29restructuringin_progress2005-01-01WorldwideSupply Network, Marketing, R&DUSD 157 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Legacy cost-reduction initiatives launched in 2005. Cumulative employee termination costs relate to expected reduction of ~31,000 employees; ~21,400 terminated through March 29, 2009. Q1 2009 restructuring charges of $157 million.
2009-03-29restructuringin_progress1,6502009-01-262011-12-31WorldwideSales, Manufacturing, Research and Development, AdministrativeUSD 331 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Part of a new cost-reduction initiative announced Jan 26, 2009, targeting a 10% total workforce reduction. The 1,650 figure is a net reduction for Q1 2009. Total expected charges for the program are approx $6 billion pre-tax.
2009-03-29restructuringin_progress31,0002005-01-01WorldwideManufacturing, Sales, ResearchUSD 157 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Cumulative expected reduction from initiatives launched in 2005. 21,400 employees terminated through March 29, 2009. Q1 2009 restructuring charges were $157 million.
2008-12-31restructuringin_progress30,7002005-04WorldwidePrimarily manufacturing, sales and researchUSD 2,004 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Cumulative through fiscal year-end 2008: expected workforce reduction of 30,700 under the cost-reduction and transformation initiatives launched Q1 2005 (announced April 2005, broadened October 2006, expanded January 2007), of which approximately 19,500 employees had been terminated. 2008 employee termination costs of $2,004 million; cumulative 2005-2008 employee termination costs of $5,150 million; termination accrual of $2,105 million as of 2008-12-31 (total 2008 restructuring charges $2,626 million). Program sub-components disclosed in MD&A include rationalization of 34 manufacturing sites identified since 2005 (internal plant network reduced from 93 to 46, targeting 41), cessation of R&D operations at six sites (Mumbai, Plymouth Township, Ann Arbor, Kalamazoo, Nagoya, Amboise), and an approximately 13% global field force reduction between 2004 and 2008.
2008-12-31restructuringannounced10%2009-01-262010-12-31WorldwideSales, manufacturing, research and development, and administrative organizationsUSD 6,000 (millions)subsequent_events
f5-10k / GLM-5.3-flash-HTML
Announced January 26, 2009 (after fiscal year-end): intent to reduce total worldwide workforce by approximately 10% as part of a new cost-reduction initiative targeting ~$3 billion of adjusted-cost reductions by end of 2011. Total expected pre-tax costs of ~$6 billion, of which $1.5 billion was recorded in fiscal 2008; implementation expected complete by end of 2010 with full savings by end of 2011.
2008-12-31restructuringannounced2009-012009-12-31GlobalResearch and Development (Pfizer Global Research and Development)subsequent_events
f5-10k / GLM-5.3-flash-HTML
Sub-component of the January 2009 company-wide ~10% workforce-reduction program: plan announced in January 2009 to reduce the global research staff, with reductions expected to be completed during 2009.
2008-12-31restructuringin_progress20072009-12-31Pharmaceutical (Exubera inhaled insulin exit)USD 152 (millions)other
f5-10k / GLM-5.3-flash-HTML
Exit decision made in Q3 2007; total 2007 pre-tax charges of $2.8 billion included $2.2 billion of asset write-offs plus other exit costs, primarily severance and contract/other termination costs. Remaining accrual for other exit costs of approximately $152 million as of 2008-12-31; substantially all related cash spending expected to be completed in 2009. Employee count affected not disclosed.
2008-12-31acquisition_additionannounced2009-01-262009-12-31WorldwideCompany-wide (proposed Wyeth combination)subsequent_events
f5-10k / GLM-5.3-flash-HTML
Definitive merger agreement to acquire Wyeth in a cash-and-stock transaction valued at approximately $68 billion; closing expected at end of Q3 or during Q4 2009 subject to shareholder and regulatory approvals. Headcount impact of the combination not disclosed; risk factors note integration may cause loss of key employees.
2008-12-31restructuringin_progress19,5002005GlobalCompany-wide (manufacturing, sales, research and administration)USD 2,626 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Count is cumulative through fiscal year-end (2005-2008): program represents expected workforce reduction of approximately 30,700 employees, of which approximately 19,500 had been terminated by December 31, 2008; FY2008-specific headcount not separately disclosed. FY2008 restructuring charges were $2,626M (including $2,004M employee termination costs) plus $1,605M implementation costs; accrual at year-end was $2,155M.
2008-12-31restructuringannounced10%2009-01-262010-12-31GlobalSales, manufacturing, research and development, and administrative organizationsUSD 6,000 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
New initiative announced after fiscal year-end intends to reduce total worldwide workforce by approximately 10%; expected pre-tax costs approximately $6 billion, of which $1.5 billion was recorded in 2008. Program to be completed by end of 2010 with full savings by end of 2011; targets approximately $3 billion cost reduction (about $2 billion net after roughly $1 billion reinvestment).
2008-12-31plant_closurein_progress2007India, United States, Japan, FranceResearch and DevelopmentMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cumulative through fiscal year-end: pharmaceutical R&D operations ceased at six sites (Mumbai; Plymouth Township; Ann Arbor; Kalamazoo; Nagoya; Amboise) since 2007; FY2008 developments include the Nagoya site becoming an R&D spin-off base and Ann Arbor campus under contract for sale. Headcount reductions by site not disclosed.
2008-12-31plant_closurein_progress2005GlobalManufacturing (Pfizer Global Manufacturing)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cumulative through fiscal year-end: 34 sites identified for rationalization since 2005; internal plant network reduced from 93 to 46 plants, with plan to reach 41. Filer expects fewer than 50% of former internal plants and more than 48% fewer manufacturing employees versus 2003; FY2008-specific site or headcount figures not disclosed.
2008-12-31acquisition_additioncompleted2008-012008-01United StatesPharmaceutical (vaccines/immunotherapy)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Coley Pharmaceutical Group, Inc. completed January 2008 for approximately $230M; acquired headcount not disclosed.
2008-12-31acquisition_additioncompleted2008-012008-01United StatesPharmaceutical (biotherapeutics)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of CovX Research LLC completed January 2008; acquired headcount not disclosed.
2008-12-31acquisition_additioncompleted2008-062008-06United StatesPharmaceutical (pulmonary arterial hypertension)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Encysive Pharmaceuticals Inc. completed second quarter 2008 via tender offer, cost approximately $200M including transaction costs; acquired headcount not disclosed.
2008-12-31acquisition_additioncompleted2008-062008-06United StatesPharmaceutical (oncology)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Serenex, Inc. completed second quarter 2008; acquired headcount not disclosed. Related IPR&D charges of approximately $170M recorded with Encysive.
2008-12-31acquisition_additioncompleted20082008EuropeAnimal Healthbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of animal health product lines from Schering-Plough for the European Economic Area concluded in the fourth quarter of 2008 for approximately $170M, together with two smaller Animal Health acquisitions; headcount transferred not disclosed.
2008-12-31divestiture_reductioncompleted20082008United StatesPharmaceutical (biopharmaceuticals)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of Esperion Therapeutics, Inc. completed in the third quarter of 2008 for nominal consideration; headcount removed not disclosed.
2008-12-31restructuringin_progress30,7002005-01-01GlobalManufacturing, Sales, ResearchUSD 6,883 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Cumulative activity through December 31, 2008. Expected reduction of workforce by approximately 30,700 employees. Approximately 19,500 terminated. Total costs incurred 2005-2008: $6.883 billion.
2008-12-31restructuringannounced10%2009-01-262011-12-31GlobalSales, Manufacturing, R&D, AdministrativeUSD 6,000 (millions)subsequent_events
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
New cost-reduction initiative announced January 26, 2009. Intends to reduce total worldwide workforce by approximately 10%. Expected costs of approximately $6 billion pre-tax. $1.5 billion recorded in 2008.
2008-12-31restructuringin_progress30,7002005-04-01WorldwideManufacturing, Sales, ResearchUSD 2,626 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Cumulative expected reduction of 30,700 employees from initiatives launched in 2005 through 2008. Approximately 19,500 terminated as of Dec 31, 2008. $2,626 million restructuring charges incurred in 2008.
2008-12-31restructuringannounced10%2009-01-262010-12-31WorldwideSales, Manufacturing, R&D, AdministrativeUSD 6,000 (millions)subsequent_events
f5-10k / Qwen3.6-27B-Q8_0
New cost-reduction initiative announced Jan 26, 2009. Intends to reduce total worldwide workforce by approx 10%. Expected pre-tax costs of $6 billion, of which $1.5 billion recorded in 2008.
2008-09-28restructuringin_progress23,1002005-01-01GlobalPrimarily manufacturing, sales and researchUSD 3,639 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Multi-year cost-reduction program begun in early 2005; employee termination costs represent expected workforce reduction of 23,100 employees, of which approximately 17,400 had been terminated through September 28, 2008. Charge is cumulative costs incurred through September 28, 2008, including accrued severance, pension and postretirement benefits. Q3 2008 expensed $249 million; first nine months 2008 expensed $493 million.
2008-09-28plant_closurein_progress2005-01-012009-12-31GlobalManufacturing (Supply Network Transformation)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Internal plant network reduced from 93 plants four years ago to 51 as of Q3 2008 (including seven acquired); plan to reach 43 plants by end of 2009. Cumulative impact includes more than 47% fewer manufacturing employees compared to 2003; outsourced manufacturing expected to rise from ~17% to ~30% of products over next two to three years.
2008-09-28plant_closurein_progress2007-01-01US, India, Japan, FranceResearch and Development (PGRD)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Of six PGRD sites identified for exit in January 2007, Mumbai (India) and Plymouth Township (Michigan) closed; R&D operations ceased in Ann Arbor and Kalamazoo (Michigan) and Nagoya (Japan, site spun off July 1, 2008 with Pfizer retaining small interest); Amboise (France) operations ceased with decommissioning underway as of late September 2008.
2008-09-28restructuringin_progress13%2004-01-01GlobalField Force (sales)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Global field force reduced by 13% since 2004, with additional savings from de-layering, eliminating duplicative work and strategic realignment of functions.
2008-09-28restructuringin_progress23,100GlobalCompany-wide; reductions mainly in manufacturing, sales and researchUSD 3,639 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Multi-year cost-reduction program begun in early 2005 (exact announcement date not disclosed). Employee termination costs represent an expected workforce reduction of 23,100 employees; approximately 17,400 had been terminated as of 2008-09-28. Charge shown is cumulative employee termination costs incurred through 2008-09-28; related accrual was $952M (severance) plus $92M (other) at period end. Q3 2008 alone expensed $249M of employee termination costs. Program also includes supply network transformation (plants reduced from 93 to 51, target 43 by end of 2009) and R&D/marketing reorganization; no expected completion date stated.
2008-09-28plant_closurein_progressUnited States, Japan, France, IndiaPfizer Global Research and Development (R&D)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
R&D site-exit program announced January 2007 (exact date not disclosed). Of six sites identified for exit, two closed (Mumbai, India; Plymouth Township, Michigan); R&D operations ceased in Ann Arbor and Kalamazoo, Michigan and Nagoya, Japan (Nagoya became an R&D spin-off base on 2008-07-01); Amboise, France operations ceased with decommissioning underway after works-council consultation concluded late September 2008. No employee counts disclosed for these closures.
2008-09-28restructuringin_progress23,1002005-01-012009-12-31GlobalManufacturing, Sales, ResearchUSD 5,334 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Cumulative expected reduction of 23,100 employees through Sept 28, 2008. Approximately 17,400 terminated. Remaining accrual of $1.044 billion. Substantially all cash spending expected to be completed in 2009.
2008-09-28restructuringin_progress23,1002005-01-01GlobalManufacturing, Sales, ResearchUSD 5,334 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Cumulative expected reduction of workforce by 23,100 employees through Sept 28, 2008. Approximately 17,400 employees have been terminated. Total cumulative restructuring charges incurred are $5.3 billion.
2008-06-29restructuringin_progress21,300GlobalManufacturing, sales and researchUSD 3,391 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Employee termination costs represent expected workforce reduction of 21,300 employees, mainly in manufacturing, sales and research; includes accrued severance benefits, pension and postretirement benefits. Approximately 16,200 employees had been terminated as of June 29, 2008. Cumulative termination costs of $3,391 million incurred through June 29, 2008, with $118 million expensed in Q2 2008 and $244 million in the first six months of 2008.
2008-06-29plant_closurein_progress2009-12-31GlobalManufacturingUSD 1,215 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Plant network optimization: manufacturing network reduced from 93 plants four years ago to 52 currently, with a plan to reach 43 plants by end of 2009. Asset impairment charges of $1,215 million incurred through June 29, 2008 (primarily property, plant and equipment write-downs), including $432 million expensed in Q2 2008. Company targets reduction of more than 40% of manufacturing employees compared to 2003.
2008-06-29restructuringin_progress2007-01-01United States, India, Japan, FranceResearch and development (PGRD)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
R&D site rationalization announced January 2007: of six sites identified for exit, Mumbai (India) and Plymouth Township (Michigan) closed; R&D operations ceased in Ann Arbor and Kalamazoo, Michigan and in Nagoya, Japan (Nagoya site became an R&D spin-off base on July 1, 2008 with Pfizer retaining a small interest); operations significantly scaled back in Amboise, France pending works council consultation.
2008-06-29restructuringin_progressGlobalSales field forceMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Global field force reduced by 23% since 2004; new U.S. field force structure launched in May 2008 with a hiring freeze implemented in the U.S. and Europe.
2008-06-29restructuringin_progress21,300WorldwideManufacturing, sales and researchUSD 244 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Multi-year cost-reduction program; cumulative expected workforce reduction of 21,300 employees, of which approximately 16,200 were terminated as of 2008-06-29. Associated charge is employee termination costs expensed in the first six months of 2008 ($118 million in Q2 2008 alone); total cost-reduction costs were $967 million in Q2 2008 and $1,501 million YTD (restructuring charges plus implementation costs). Accrual for employee termination costs was $996 million at 2008-06-29.
2008-06-29plant_closurein_progress2009-12-31WorldwideManufacturingMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Component of the cost-reduction program: manufacturing network reduced from 93 plants four years ago to 52 currently, with a plan to reach 43 plants by end of 2009; no separate headcount figure disclosed for this sub-component. Approximately 17% of products currently outsourced.
2008-06-29plant_closurein_progressUnited States, Japan, France, IndiaResearch and DevelopmentMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Component of the cost-reduction program: of six PGRD sites identified for exit, Mumbai (India) and Plymouth Township (Michigan) closed; R&D operations ceased in Ann Arbor and Kalamazoo (Michigan) and Nagoya (Japan); operations scaled back significantly in Amboise, France. No headcount figures disclosed for these site exits.
2008-06-29restructuringin_progress2008-05-01United States, EuropeCommercial / field forceMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
In May 2008 Pfizer launched a new structure for its U.S. field force and implemented a hiring freeze in the U.S. and Europe; global field force reduced 23% since 2004. No employee count disclosed for the May 2008 action.
2008-06-29divestiture_reductionannounced2008-07-012008-07-01JapanResearch and Developmentother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Subsequent event: on 2008-07-01 the former Pfizer R&D site in Nagoya became the base of operations of an R&D spin-off in which Pfizer retains a small interest; no headcount disclosed.
2008-06-29restructuringin_progress21,3002008-12-31GlobalManufacturing, Sales, ResearchUSD 4,996 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Expected reduction of workforce by 21,300 employees through June 29, 2008. Approximately 16,200 terminated as of June 29, 2008. Total costs incurred through June 29, 2008 were $4,996 million.
2008-06-29acquisition_additioncompletedGlobalBiopharmaceuticalUSD 200 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquired Encysive Pharmaceuticals Inc. in Q2 2008 for approximately $200 million. Headcount not disclosed.
2008-06-29acquisition_additioncompletedGlobalBiotechnologybusiness_combinations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquired Serenex, Inc. in Q2 2008. Headcount not disclosed.
2008-06-29acquisition_additioncompletedGlobalBiotherapeuticsbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquired CovX in Q1 2008. Headcount not disclosed.
2008-06-29acquisition_additioncompletedGlobalBiopharmaceuticalUSD 230 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquired Coley Pharmaceutical Group, Inc. in Q1 2008 for approximately $230 million. Headcount not disclosed.
2008-06-29restructuringin_progress21,300GlobalManufacturing, Sales, ResearchUSD 4,996 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Cumulative employee termination costs of $3,391 million through June 29, 2008, representing expected reduction of 21,300 employees. Approximately 16,200 employees terminated as of period end.
2008-03-30restructuringin_progress21,200GlobalManufacturing, sales and researchUSD 3,272 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Cumulative program through 2008-03-30: expected workforce reduction of 21,200 employees; employee termination costs of $3,272M incurred through quarter-end, including accrued severance, pension and postretirement benefits.
2008-03-30restructuringin_progress13,700GlobalManufacturing, sales and researchUSD 126 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Approximately 13,700 employees terminated as of 2008-03-30 under the cost-reduction program; $126M of employee termination costs expensed in Q1 2008.
2008-03-30restructuringin_progressGlobalManufacturing (plant network)USD 34 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Q1 2008 asset impairments of $34M, primarily write-downs of property, plant and equipment under plant network optimization; plant network reduced from 93 four years ago to 57, targeting 44 by end of 2009.
2008-03-30restructuringin_progressGlobalOther exit activitiesUSD 17 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Q1 2008 'Other' restructuring costs of $17M, primarily costs to exit certain activities.
2008-03-30restructuringin_progress23%GlobalField force (sales)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Global field force reduced by 23% under the reorganization of the field force initiative.
2008-03-30restructuringin_progress2009-12-31GlobalManufacturingMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Manufacturing employee reduction of more than 35% versus 2003 planned as part of plant network optimization to 44 plants by end of 2009.
2008-03-30restructuringin_progress2007-01-01Multiple (India, US, Japan, France)Research and development (PGRD)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Of six PGRD sites identified for exit in January 2007, Mumbai and Plymouth Township closed; operations scaled back significantly at Ann Arbor, Kalamazoo, Nagoya and Amboise.
2008-03-30restructuringin_progress21,200GlobalMainly manufacturing, sales and researchUSD 177 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Multi-year cost-reduction program: cumulative employee termination costs represent an expected workforce reduction of 21,200 employees, of which approximately 13,700 were terminated as of 2008-03-30. Q1 2008 restructuring charges were $177M (of which $126M was employee termination costs); total Q1 2008 program costs were $534M including $357M implementation costs. Remaining severance accrual was $1,084M at quarter end. Program also includes plant network reduction from 57 to 44 plants by end of 2009 and a 23% global field-force reduction. Announcement date not disclosed; program predates the quarter.
2008-03-30restructuringin_progress13,700GlobalManufacturing, Sales, ResearchUSD 177 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Approximately 13,700 employees terminated as of March 30, 2008, out of an expected reduction of 21,200 employees. Charges relate to plant network optimization and restructuring of U.S. marketing and worldwide R&D operations.
2008-03-30acquisition_additioncompleted2008-01Biotherapeutics, Vaccines, Animal HealthUSD 398 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquired CovX, Coley Pharmaceutical Group, and two smaller Animal Health companies in January 2008. Employee count not disclosed; $398 million in IPR&D charges recorded.
2008-03-30restructuringin_progress21,200GlobalManufacturing, Sales, ResearchUSD 126 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Expected reduction of workforce by 21,200 employees through March 30, 2008. Approximately 13,700 terminated as of period end. Q1 2008 employee termination costs expensed were $126 million.
2007-12-31restructuringin_progress10,00010%2007-01-222008-12-31WorldwideR&D and manufacturing site rationalizations; sales force and staff function reductionsUSD 3,912 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML
January 22, 2007 broadening of the cost-reduction initiatives: elimination of about 10,000 positions, described as about 10% of total worldwide workforce by end of 2008 (both figures stated as approximations by the filer). 2007 program costs of $3,912 million comprise restructuring charges of $2,523 million and implementation costs of $1,389 million.
2007-12-31restructuringin_progress20,8002005-04WorldwideResearch, manufacturing and salesUSD 2,034 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Cumulative through fiscal year-end: expected reduction of approximately 20,800 employees since the program began in 2005 (broadened Oct 2006 and Jan 2007); approximately 13,000 formally terminated as of Dec 31, 2007. This cumulative figure encompasses the January 2007 announcement captured as a separate record. Employee termination costs incurred in 2007 were $2,034 million; total restructuring accrual of $1,289 million remained at year-end.
2007-12-31restructuringin_progress20072008WorldwidePharmaceutical — Exubera (inhaled insulin) marketing, research and manufacturing operationsUSD 2,798 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Decision in the third quarter of 2007 to exit the Exubera inhaled-insulin product. Total pre-tax charges of $2,798 million include $578 million of other exit costs (primarily severance and contract termination costs), intangible impairments of $1,105 million, inventory write-offs of $661 million and fixed-asset impairments of $454 million. Headcount impact not quantified; affected colleagues were evaluated for redeployment. Exit activities expected substantially complete within one year of the announcement.
2007-12-31restructuringin_progress20,8002005-04-012008-12-31WorldwideResearch, manufacturing and salesUSD 2,523 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cumulative expected workforce reduction of approximately 20,800 employees since program launch in 2005; approximately 13,000 formally terminated as of 2007-12-31. FY2007 restructuring charges of $2,523M (employee termination $2,034M, asset impairments $260M, other $229M); FY2007 employee termination costs alone were $2,034M. Program announced April 2005, broadened October 2006 and January 2007.
2007-12-31restructuringin_progress10,00010%2007-01-222008-12-31WorldwideCompany-wide (R&D, manufacturing, sales force, staff functions)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Expanded January 2007 plan to eliminate about 10,000 positions, roughly 10% of total worldwide workforce, by end of 2008; subset of the broader multi-year cost-reduction program. Target net pre-tax expense reduction of $1.5B-$2.0B vs. 2006 by end of 2008 on constant currency basis.
2007-12-31plant_closurein_progress2007-01-222009-12-31WorldwidePfizer Global Manufacturing (plant network optimization)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Plant network reduced from 93 sites four years earlier to 57 at year-end 2007; plan to reduce to 45 plants by end of 2009, representing less than 50% of 2003 plants and a 35% reduction in manufacturing employees vs. 2003. 30 sites identified for rationalization since 2005. Headcount impact not separately quantified.
2007-12-31plant_closurein_progress2007-01-222008-12-31WorldwidePfizer Global Research and DevelopmentItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Six research sites identified for closure; two (Mumbai, India and Plymouth Township, Michigan) closed during 2007, operations scaled back at Ann Arbor and Kalamazoo, Michigan; Nagoya, Japan; and Amboise, France. Two discovery therapeutic areas exited (Gastrointestinal & Hepatology, Dermatology). Headcount impact not separately quantified.
2007-12-31restructuringin_progress2006-12-012008-12-31United States; EuropeWorldwide Pharmaceutical Operations — field forceItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
U.S. field force reduced 20% (reorganization completed December 2006, operational April 2007); global field force reduced approximately 11%; European field force reduced approximately 17% through 2007-12-31 with target of 20% total reduction by end of 2008. Absolute headcounts not disclosed.
2007-12-31restructuringcompleted2007-10-182008-12-31WorldwidePharmaceutical — Exubera (inhaled insulin)USD 2,798 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Decision to exit Exubera announced October 18, 2007; total pre-tax charges of $2.8B ($2,798M), virtually all in Q3 2007, comprising $1,105M intangible impairment, $661M inventory write-offs, $454M fixed asset impairment and $578M other exit costs (severance, contract terminations). $414M accrual remained at year-end. Employees affected not disclosed.
2007-12-31acquisition_additioncompleted2007-03-312007-03-31United StatesPharmaceutical (BioRexis); Animal Health (Embrex)USD 283 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
First-quarter 2007 acquisitions of BioRexis Pharmaceutical Corp. (diabetes biopharmaceutical) and Embrex, Inc. (animal health, Inovoject vaccine delivery); $283M in-process R&D charges recorded. Headcount added not disclosed.
2007-12-31divestiture_reductioncompleted2006-12-202006-12-20WorldwideConsumer Healthcarediscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Consumer Healthcare business sold to Johnson & Johnson for $16.6B on 2006-12-20 (prior fiscal year); transition service agreements continued into 2007. Headcount removed not disclosed; included for context as workforce removal spanning the reporting period.
2007-12-31acquisition_additioncompleted2008-01-312008-01-31United StatesPharmaceutical — vaccines/immunotherapy and biotherapeuticssubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
January 2008 completions of Coley Pharmaceutical Group, Inc. (~$230M) and CovX Research LLC, both accounted for as purchases; not reflected in 2007 consolidated financial statements. Headcount added not disclosed.
2007-12-31acquisition_additionannounced2008-02-29United StatesPharmaceutical — pulmonary arterial hypertensionsubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
February 2008 agreement to acquire Encysive Pharmaceuticals Inc. via tender offer, equity value approximately $195M; announced after fiscal year-end. Headcount added not disclosed.
2007-12-31restructuringin_progress10,00011.55%2007-01-222008-12-31WorldwideResearch, Manufacturing, SalesUSD 2,523 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Announced January 22, 2007. Program to eliminate about 10,000 positions, or about 10% of total worldwide workforce, by end of 2008. 2007 restructuring charges were $2.5 billion. Total costs incurred in 2007 were $3.9 billion including implementation costs.
2007-12-31restructuringin_progress10,00010%2007-01-222008-12-31WorldwideResearch and Development, Manufacturing, Sales, Staff FunctionsUSD 3,912 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Announced Jan 22, 2007. Includes site rationalizations, organizational streamlining, sales force reductions. Total costs incurred in 2007 were $3.9 billion. Program expected to eliminate about 10,000 positions by end of 2008.
2007-12-31restructuringcompleted13,0002005-01-012007-12-31WorldwideResearch, Manufacturing, SalesUSD 2,523 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Cumulative employee termination costs of $2.5 billion incurred in 2007 related to broader cost-reduction initiatives launched in 2005. Approximately 13,000 employees formally terminated as of Dec 31, 2007.
2007-09-30restructuringin_progress20,4002005-01-01WorldwideResearch, manufacturing and salesUSD 3,054 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Cumulative employee termination costs through Sept 30, 2007 represent expected workforce reduction of approximately 20,400 employees, mainly in research, manufacturing and sales; costs incurred under cost-reduction initiatives launched in early 2005 and broadened in October 2006.
2007-09-30reduction_in_forcein_progress11,6002005-01-01WorldwideResearch, manufacturing and salesrestructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Approximately 11,600 of the ~20,400 planned reductions had been formally terminated as of September 30, 2007.
2007-09-30restructuringin_progress2007-01-22WorldwideCompany-wideUSD 810 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Q3 2007 costs of $810 million ($437M restructuring charges, $373M implementation costs) under initiatives announced January 22, 2007; includes field force reorganization, plant network optimization and R&D site closures.
2007-09-30restructuringin_progress2007-01-22WorldwideCompany-wideUSD 3,131 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Nine-month 2007 costs of $3,131 million ($2,267M restructuring charges, $864M implementation costs) under cost-reduction initiatives.
2007-09-30reduction_in_forcecompleted20%2006-12-012006-12-31United StatesField force (sales)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
U.S. field force reorganization completed December 2006 with a 20% reduction in U.S. field force; restructured force operational starting April 2007.
2007-09-30reduction_in_forcein_progress11%2007-01-22InternationalField force (sales)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Global field force reduced by approximately 11% so far in 2007, with similar measures taken in many international markets.
2007-09-30plant_closurein_progress2007-01-22WorldwideManufacturingMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Plant network reduced from 93 plants four years ago to 60 (including seven acquired), with significant additional closures and divestitures announced; cumulative target is a 35% reduction in manufacturing employees versus 2003.
2007-09-30plant_closureannounced2007-01-01WorldwideResearch & DevelopmentMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
In 2007, announced plans to close six R&D sites as part of facilities footprint rationalization; over 90% of portfolio project transfers completed.
2007-09-30acquisition_additioncompleted2007-01-012007-03-31United StatesAnimal Health (Embrex); Pharmaceutical (BioRexis)USD 283 (millions)business_combinations_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Acquired BioRexis Pharmaceutical Corp. and Embrex, Inc. in Q1 2007; $283 million in acquisition-related in-process R&D charges recorded. No headcount figures disclosed.
2007-09-30divestiture_reductioncompleted2006-12-202006-12-31WorldwideConsumer Healthcareother
f5-10q / GLM-5.3-flash-fp4-HTML
Consumer Healthcare business sold in December 2006 for $16.6 billion; presented as discontinued operations. No headcount figures disclosed.
2007-09-30restructuringin_progress20,4002005-01-01WorldwideResearch, manufacturing and sales (primarily)USD 2,267 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Multi-year cost-reduction program launched in early 2005 and broadened in October 2006 (announcement date approximate). Cumulative expected workforce reduction of approximately 20,400 employees through September 30, 2007, of which approximately 11,600 had been formally terminated as of that date. Charge shown is nine-month 2007 restructuring charges; program costs incurred through September 30, 2007 totaled $4,002M (employee termination $3,054M, asset impairments $637M, other $311M) with a remaining accrual of $1,486M. Q3 2007 alone: $390M employee termination, $31M asset impairments, $16M other.
2007-09-30restructuringin_progress2007-10-182008-09-30WorldwidePharmaceutical — Exubera (inhaled insulin)USD 2,804 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Decision made in Q3 2007 to exit Exubera; charges of $2.8B ($2.1B net of tax) recorded in Q3 2007, including $2.2B non-cash asset write-offs and $584M other exit costs. No employee count disclosed; exit includes redeployment of colleagues and transition of patients over three months. Substantially all exit activities expected to complete within a year of the October 18, 2007 announcement.
2007-09-30restructuringin_progress2007-01-22WorldwideField sales force (commercial organization)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
U.S. field force reorganization (20% U.S. reduction) completed December 2006 and operational April 2007; filing states the global field force was reduced by approximately 11% year-to-date 2007. Percentage is of field force, not total workforce; no absolute count or total workforce disclosed.
2007-09-30plant_closureannounced2007-01-012007-12-31WorldwideResearch & DevelopmentMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plans announced in 2007 to close six R&D sites; over 90% of transferring portfolio projects already moved, 85% of late-stage transfers complete with remainder expected by end of 2007. No site-level employee counts disclosed; date approximate (year of announcement).
2007-09-30acquisition_additioncompleted2007-03-31United StatesPharmaceutical (BioRexis — diabetes); Animal Health (Embrex)USD 283 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
First-quarter 2007 acquisitions of BioRexis Pharmaceutical Corp. and Embrex, Inc.; $283M of acquisition-related in-process R&D expensed in Q1 2007. No headcount added through the acquisitions is disclosed. Announcement date approximate (quarter of completion).
2007-09-30restructuringin_progress20,4002005-01-01WorldwideResearch, Manufacturing, SalesUSD 4,002 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Costs incurred through Sept 30, 2007. Includes 11,600 employees formally terminated as of Sept 30, 2007. Program launched early 2005, broadened Oct 2006.
2007-09-30restructuringcompleted2007-07-012008-06-30WorldwideExubera Product LineUSD 2,804 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Exit of Exubera product. Charges include asset impairments and exit costs. Substantially all exit activities expected to be completed within one year.
2007-09-30restructuringin_progress20,4002005-01-01WorldwideResearch, Manufacturing, SalesUSD 4,002 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Cumulative expected reduction through Sept 30, 2007. 11,600 employees formally terminated as of period end. Charges include employee termination costs, asset impairments, and other exit costs.
2007-09-30restructuringin_progress2007-09-302008-09-30WorldwideExubera Product LineUSD 2,804 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Decision to exit Exubera product. Charges include intangible asset impairment, inventory write-offs, fixed assets impairment, and other exit costs. Substantially all exit activities expected to be completed within the next year.
2007-07-01restructuringin_progress18,4002007-01-22WorldwideResearch, manufacturing and sales; plant network optimization; worldwide marketing and R&D operationsUSD 1,830 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
AtS program launched early 2005 and broadened October 2006; expanded plans announced January 22, 2007. Expected workforce reduction of approximately 18,400 employees, of which approximately 9,900 formally terminated as of July 1, 2007. Company reported global workforce reduced approximately 8% year-to-date. Six months 2007 restructuring charges of $1,830 million (employee termination costs $1.6 billion, asset impairments $116 million, other $162 million); Q2 2007 charges of $1,035 million ($821 million employee termination, $93 million asset impairments, $121 million other). Cumulative costs incurred through July 1, 2007: $3,564 million; accrual of $1,455 million at quarter-end ($1,358 million employee termination costs). Additional AtS implementation costs of $317 million in Q2 and $491 million YTD recorded across cost of sales, SI&A, R&D and other income/deductions.
2007-07-01acquisition_additioncompleted2007-01-01Pharmaceutical (BioRexis); Animal Health (Embrex)USD 283 (millions)business_combinations_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
First-quarter 2007 acquisitions of BioRexis Pharmaceutical Corp. and Embrex, Inc. (Inovoject vaccine delivery system); headcount added not disclosed. $283 million acquisition-related in-process R&D charges recorded in Q1 2007; goodwill addition of $39 million primarily related to Embrex.
2007-07-01divestiture_reductioncompleted2006-12-20Consumer Healthcareother
f5-10q / GLM-5.3-flash-fp4-HTML
Consumer Healthcare business sold in December 2006 for $16.6 billion; headcount removed not disclosed. Transitional service agreements continue to generate modest revenue and expense in continuing operations during 2007.
2007-07-01restructuringin_progress18,4002006-10-01GlobalResearch, manufacturing and salesUSD 2,664 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program launched early 2005, broadened October 2006. 18,400 is the expected total workforce reduction; approximately 9,900 employees formally terminated as of 2007-07-01. Charge shown is cumulative Employee termination costs incurred through 2007-07-01; total AtS restructuring charges incurred through that date were $3,564M (including $606M asset impairments and $294M other), with a $1,455M accrual remaining. MD&A separately states global workforce reduced approximately 8% year-to-date.
2007-07-01plant_closurein_progress2007-01-222007-12-31GlobalResearch & DevelopmentMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plans announced January 2007 to close five R&D sites; about two-thirds of affected portfolio projects transferred to date, remaining early-stage transfers due end of Q3 2007 and late-stage by end of 2007. No site-specific headcount disclosed. Related plant network optimization reduced sites from 93 to 60 over four years.
2007-07-01restructuringin_progress18,4002005-01-01GlobalResearch, Manufacturing, SalesUSD 3,564 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Cumulative expected workforce reduction through July 1, 2007. Approximately 9,900 employees formally terminated as of July 1, 2007.
2007-07-01restructuringin_progress8%2007-01-01GlobalOverall WorkforceMD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Global workforce reduced by approximately 8% so far in 2007.
2007-07-01restructuringin_progress18,4002005-01-01WorldwideResearch, Manufacturing, SalesUSD 1,035 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Cumulative expected reduction through July 1, 2007. Q2 2007 restructuring charges of $1,035M include $821M for employee terminations. 9,900 employees formally terminated as of period end.
2007-07-01restructuringin_progress8%GlobalOverall WorkforceMD&A
f5-10q / Qwen3.6-27B-Q8_0
Globally, we have reduced our overall workforce by approximately 8% so far this year.
2007-04-01restructuringin_progress13,5682005-01-01GlobalResearch, manufacturing and salesUSD 2,529 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Cumulative employee termination costs through April 1, 2007 represent expected workforce reduction of 13,568 employees, mainly in research, manufacturing and sales; approximately 8,510 employees terminated as of April 1, 2007. Total AtS restructuring charges incurred through April 1, 2007 were $2,529 million (employee termination costs $1,843M, asset impairments $513M, other $173M).
2007-04-01restructuringin_progress2005-01-01GlobalCompany-wideUSD 969 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
First-quarter 2007 AtS costs of $969 million: restructuring charges $795 million (employee termination costs $731M, asset impairments $23M, other $41M) and implementation costs $174 million. Initiative launched early 2005 and broadened October 2006.
2007-04-01reduction_in_forceannounced10,00010%2007-01-222008-12-31GlobalCompany-wideMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Announced January 22, 2007: cost reduction initiatives to eliminate about 10,000 positions, roughly 10% of total worldwide workforce, by end of 2008. Includes 20% U.S. sales force reduction completed December 2006 and planned reduction of European sales force by more than 20%, subject to works council consultation and local labor law.
2007-04-01reduction_in_forcecompleted20%2006-12-31United StatesSales forceMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
20% reduction of U.S. sales force completed in December 2006, part of the expanded AtS initiative.
2007-04-01reduction_in_forceannounced20%2007-01-222008-12-31EuropeSales forceMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Planned reduction of European sales force by more than 20%, subject to consultation with works councils and local labor law.
2007-04-01acquisition_additioncompleted2007-01-01United StatesAnimal Health (Embrex); Pharmaceutical (BioRexis)USD 283 (millions)business_combinations_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Acquired BioRexis Pharmaceutical Corp. and Embrex, Inc. in Q1 2007; recorded $283 million in acquisition-related in-process R&D charges. No headcount figures disclosed for acquired employees.
2007-04-01restructuringin_progress13,5682005-01-01WorldwideResearch, manufacturing and salesUSD 731 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program launched early 2005, broadened October 2006. Cumulative expected workforce reduction of 13,568; approximately 8,510 employees terminated as of 2007-04-01. Charge shown is Q1 2007 employee termination cost expense; cumulative termination costs incurred to date were $1,843M with $755M accrual remaining. Related to the 2007-01-22 announcement below — overlapping scope.
2007-04-01restructuringannounced10,00010%2007-01-222008-12-31WorldwideCompany-wide (includes sales force reductions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Expanded Adapting to Scale plans announced 2007-01-22: elimination of about 10,000 positions, about 10% of total worldwide workforce, by end of 2008. Includes a completed 20% U.S. sales force reduction (Dec 2006) and a planned >20% Europe sales force reduction subject to works council consultation. Implied total workforce of roughly 100,000 is not independently disclosed in this filing. Overlaps with the cumulative 13,568 program figure above.
2007-04-01acquisition_additioncompleted2007-04-01United StatesPharmaceutical (BioRexis); Animal Health (Embrex)USD 283 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q1 2007 acquisitions of BioRexis Pharmaceutical Corp. and Embrex, Inc. Headcount added not disclosed; $283M is the associated in-process R&D charge, not a severance cost. Announcement date shown as quarter end; exact closing dates not stated.
2007-04-01restructuringin_progress13,5682005-01-012008-12-31WorldwideResearch, Manufacturing, SalesUSD 795 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
AtS initiative launched early 2005, broadened Oct 2006. 13,568 employees expected reduction through April 1, 2007. 8,510 terminated as of April 1, 2007. Q1 2007 restructuring charges of $795M.
2007-04-01restructuringin_progress2006-12-012008-12-31United StatesSalesMD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
20% reduction of U.S. sales force completed in December 2006.
2007-04-01restructuringin_progress2007-01-222008-12-31EuropeSalesMD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Reduction of sales force in Europe by more than 20%.
2007-04-01restructuringin_progress13,5682005-01-012008-12-31WorldwideResearch, Manufacturing, SalesUSD 795 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
AtS initiative launched early 2005, broadened Oct 2006. Through April 1, 2007, employee termination costs represent expected reduction of 13,568 employees. Approximately 8,510 terminated as of April 1, 2007. Q1 2007 restructuring charges were $795 million. MD&A states plan to eliminate about 10,000 positions by end of 2008.
2007-04-01acquisition_additioncompleted2007-03-31WorldwidePharmaceutical, Animal HealthUSD 283 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquired BioRexis Pharmaceutical Corp. and Embrex, Inc. in Q1 2007. Recorded $283 million in acquisition-related in-process R&D charges. Headcount not disclosed.
2006-12-31restructuringin_progress8,2742005-04WorldwideManufacturing, sales and research (plant network optimization, U.S. marketing, worldwide R&D)USD 1,296 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Cumulative through fiscal year-end 2006: 8,274 positions approved; 5,732 employees terminated as of 2006-12-31. Program launched April 2005, broadened October 2006. 2006 restructuring charges of $1,296 million comprise $809 million employee termination costs, $368 million asset impairments and $119 million other; total 2006 AtS costs were $2,084 million including $788 million implementation costs. Accrual of $402 million in other current liabilities at 2006-12-31. Charges primarily relate to plant network optimization (21 sites identified for rationalization during 2005-2006) and restructuring of U.S. marketing and worldwide R&D operations.
2006-12-31restructuringcompleted4,2552003-042005-12-31Worldwide (legacy Pfizer and legacy Pharmacia)Corporate, manufacturing, distribution, sales and researchUSD 592 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Cumulative figures through 2006-12-31 tied to the April 2003 Pharmacia acquisition; 4,005 of the 4,255 approved employees were terminated as of 2006-12-31. Program substantially complete as of 2005-12-31; the 2006 Pharmacia restructuring charge was a $3 million net credit. Total restructuring charges recorded through 2005 were approximately $1.2 billion.
2006-12-31reduction_in_forcecompleted2006-12-31United StatesPharmaceutical U.S. sales forceMD&A
f5-10k / GLM-5.3-flash-HTML
U.S. sales force reduced by approximately 20% in December 2006 (percentage of the U.S. sales force, not total workforce). Part of AtS field force realignment and counted within the January 2007 ~10,000-position plan; possible overlap with AtS restructuring charges for U.S. marketing.
2006-12-31restructuringannounced10,00010%2007-01-222008-12-31WorldwideResearch, manufacturing, sales force, organizational structures and staff functionssubsequent_events
f5-10k / GLM-5.3-flash-HTML
Subsequent event announced 2007-01-22 (after fiscal year-end, before the 2007-02-27 filing date). Expansion of the AtS initiative via site rationalization in research and manufacturing, global sales force reductions, streamlined organizational structures, staff function reductions and increased outsourcing. Includes the U.S. sales force reduction completed December 2006; the European sales force reduction and the site closures/sales listed separately are components of this plan.
2006-12-31reduction_in_forceannounced2007-01EuropePharmaceutical European sales forcesubsequent_events
f5-10k / GLM-5.3-flash-HTML
Proposed reduction of the European sales force by more than 20% (of the European sales force, not total workforce), announced January 2007 after fiscal year-end; subject to consultation with works councils and local labor law. Component of the ~10,000-position plan announced 2007-01-22.
2006-12-31plant_closureannounced2007-01Michigan, United States (Ann Arbor, Esperion, Kalamazoo); Nagoya, Japan; Amboise, FranceResearch and development (PGRD)subsequent_events
f5-10k / GLM-5.3-flash-HTML
Five research sites identified for closure in January 2007 as part of consolidating each therapeutic area into a single site; PGRD to exit gastroenterology and dermatology discovery areas (pipeline compounds in those areas continue). Nagoya and Amboise closures subject to works council consultation and local labor law. Component of the January 2007 restructuring plan.
2006-12-31plant_closureannounced2007-01Brooklyn, New York, United StatesManufacturingsubsequent_events
f5-10k / GLM-5.3-flash-HTML
Closure of an additional manufacturing site announced January 2007 after fiscal year-end, as part of the plant network reduction and the January 2007 restructuring plan.
2006-12-31divestiture_reductionannounced2007-01Omaha, Nebraska, United States; Feucht, GermanyManufacturingsubsequent_events
f5-10k / GLM-5.3-flash-HTML
Pfizer will pursue the sale of these manufacturing sites; the Feucht sale is subject to consultation with works councils and local labor law. No employee counts disclosed.
2006-12-31plant_closureannounced2007-02Ringaskiddy, IrelandManufacturing — active pharmaceutical ingredient (API)subsequent_events
f5-10k / GLM-5.3-flash-HTML
Partial closure of the API plant announced February 2007 after fiscal year-end, subject to consultation with works councils and local labor law.
2006-12-31divestiture_reductionannounced2007-02Loughbeg, Ireland; Little Island, Ireland (portion of facility); Nerviano, ItalyManufacturingsubsequent_events
f5-10k / GLM-5.3-flash-HTML
Pursuit of sales of the Loughbeg API facility, a portion of the Little Island manufacturing facility and the Nerviano facility, announced February 2007 after fiscal year-end; subject to consultation with works councils and local labor law. No employee counts disclosed.
2006-12-31divestiture_reductioncompleted2006-12-20WorldwideConsumer Healthcare business (former Consumer Healthcare segment; discontinued operations)discontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Consumer Healthcare business sold to Johnson & Johnson; sale completed 2006-12-20 for $16.6 billion, with a pre-tax gain of approximately $10.2 billion ($7.9 billion after tax). Business had full-year 2006 revenues of $4.0 billion. Number of employees transferred with the business not disclosed.
2006-12-31restructuringin_progress5,7322005-04-01WorldwideManufacturing, sales and research (primarily)USD 1,296 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Adapting to Scale (AtS) program, launched Q1 2005 and broadened October 2006. Approved workforce reduction of 8,274 employees through 2006-12-31; 5,732 employees actually terminated as of 2006-12-31. Charge shown is total 2006 AtS restructuring charges ($1,296M), which also includes $368M asset impairments and $119M other; separate 2006 implementation costs of $788M are recorded in operating expense lines. Cumulative AtS restructuring charges through 2006-12-31 were $1,734M with a $402M accrual remaining.
2006-12-31restructuringcompleted4,0052003-04-162005-12-31WorldwideCorporate, manufacturing, distribution, sales and researchUSD -3 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cumulative through 2006-12-31: approved reduction of 4,255 legacy Pfizer/legacy Pharmacia employees, of whom 4,005 were terminated. Restructuring was substantially complete as of 2005-12-31; 2006 charge was a $(3)M net adjustment. Cumulative restructuring charges of $1,215M with $77M accrual remaining at 2006-12-31.
2006-12-31restructuringcompleted20%2006-12-31United StatesU.S. Pharmaceutical Operations — field sales forceItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Approximately 20% reduction of the U.S. sales force, completed December 2006 as part of the AtS initiative; absolute headcount not disclosed. Included within the broader January 2007 announced plan to eliminate about 10,000 positions.
2006-12-31restructuringannounced2007-01-22EuropeEuropean Pharmaceutical Operations — field sales forcesubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Proposed reduction of the European sales force by more than 20%, announced January 2007, subject to consultation with works councils and local labor law. Absolute headcount not disclosed.
2006-12-31restructuringannounced10,00010%2007-01-222008-12-31WorldwideCompany-widesubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Plan announced 2007-01-22 to eliminate about 10,000 positions, roughly 10% of the worldwide workforce, by end of 2008. Includes the 20% U.S. sales force reduction completed December 2006 and the proposed European sales force reduction. Targeted absolute net reduction of the pre-tax expense component of Adjusted income of $1.5B–$2.0B by end of 2008 versus 2006.
2006-12-31divestiture_reductioncompleted2006-12-20WorldwideConsumer Healthcarediscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Consumer Healthcare business sold to Johnson & Johnson for $16.6B, closed 2006-12-20; associated workforce transferred with the business. Headcount not disclosed. Certain non-U.S. legal title transfers remained pending at closing under transition arrangements.
2006-12-31plant_closureannounced2007-01-22United States, Japan, FrancePfizer Global Research and Developmentsubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
January 2007 announcement of five research site closures (Ann Arbor, Esperion and Kalamazoo, Michigan; Nagoya, Japan; Amboise, France), subject to works council and local labor law consultation for Nagoya and Amboise. Also exiting two discovery therapeutic areas (gastroenterology, dermatology). Headcount not disclosed.
2006-12-31plant_closureannounced2007-01-22United States, Germany, Ireland, ItalyPfizer Global Manufacturingsubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
January–February 2007 announcements: closure of an additional Brooklyn, New York manufacturing site; pursuit of sales of Omaha, Nebraska and Feucht, Germany sites; closure of part of the Ringaskiddy, Ireland API plant and sales of Loughbeg, Ireland, part of Little Island, Ireland and Nerviano, Italy facilities. Part of a plan to reduce the global manufacturing network from 100 plants (2003) to 46 by 2008. Headcount not disclosed.
2006-12-31restructuringcompleted5,7322005-04-01WorldwideManufacturing, Sales, ResearchUSD 1,296 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Part of the Adapting to Scale (AtS) productivity initiative launched in early 2005. 5,732 employees terminated as of Dec 31, 2006 out of 8,274 approved reductions. Restructuring charges of $1.3 billion incurred in 2006.
2006-12-31restructuringcompleted4,0052003-04-16WorldwideCorporate, Manufacturing, Distribution, Sales, ResearchUSD 3 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Related to the acquisition of Pharmacia Corporation. 4,005 employees terminated as of Dec 31, 2006 out of 4,255 approved reductions. Restructuring charges of $3 million incurred in 2006 (substantially complete by 2005).
2006-12-31reduction_in_forceannounced10,00010.2%2007-01-222008-12-31WorldwideGlobal Workforcesubsequent_events
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Announced January 22, 2007, to eliminate about 10,000 positions (about 10% of worldwide workforce) by the end of 2008. Includes 20% reduction of U.S. sales force and >20% reduction of European sales force.
2006-12-31restructuringin_progress8,2742005-04-01WorldwideManufacturing, Sales, ResearchUSD 1,296 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
AtS initiative launched early 2005. Through Dec 31, 2006, approved reduction of 8,274 employees. 5,732 terminated as of year-end. Charge represents restructuring costs incurred in 2006.
2006-12-31restructuringcompleted4,2552003-04-162005-12-31WorldwideCorporate, Manufacturing, Distribution, Sales, ResearchUSD -3 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Pharmacia acquisition restructuring. Approved reduction of 4,255 employees. 4,005 terminated as of Dec 31, 2006. Restructuring substantially complete as of Dec 31, 2005. 2006 charge was negative $3M (reversal/adjustment).
2006-12-31reduction_in_forceannounced10,00010%2007-01-222008-12-31WorldwideSales, Research, Manufacturing, Staff Functionssubsequent_events
f5-10k / Qwen3.6-27B-Q8_0
Announced Jan 22, 2007. Plan to eliminate about 10,000 positions (10% of workforce) by end of 2008. Includes 20% reduction of US sales force completed in Dec 2006 and >20% reduction of European sales force.
2006-10-01restructuringin_progress5,7282005-01-012008-12-31Manufacturing, sales and researchUSD 751 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Cumulative approved workforce reduction of 5,728 employees under the AtS initiative launched in early 2005; 5,325 employees terminated as of October 1, 2006. Employee termination costs of $751 million incurred through October 1, 2006, with $125 million accrued. Program expected to continue through 2008.
2006-10-01restructuringin_progress2005-01-012008-12-31Plant network optimizationUSD 386 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Asset impairments of $386 million incurred through October 1, 2006, primarily inventory write-offs and property, plant and equipment write-downs tied to plant network optimization; 18 sites identified for rationalization during 2005 and first nine months of 2006.
2006-10-01divestiture_reductionannounced2006-06-012006-12-31Consumer HealthcareMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Agreement in June 2006 to sell the Consumer Healthcare business to Johnson & Johnson for approximately $16.6 billion in cash; expected to close in late 2006 subject to regulatory approvals. Headcount impact not quantified.
2006-10-01restructuringin_progress5,72820052008-12-31GlobalManufacturing, sales and research (primarily)USD 751 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approved workforce reduction of 5,728 employees under the AtS initiative; 5,325 employees had been terminated as of October 1, 2006. Employee termination costs incurred through October 1, 2006 totaled $751M ($626M utilized, $177M accrued); $118M expensed in Q3 2006 and $449M in the nine months then ended. Program launched in early 2005; total AtS implementation and restructuring costs expected to run through 2008.
2006-10-01plant_closurein_progress2005Global (sites in France, Puerto Rico, U.S., Thailand, U.K., Netherlands, Indonesia, Korea, Canada, Mexico, Japan, Sweden)Manufacturing / plant network optimizationMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
18 manufacturing sites identified for rationalization during 2005 through the first nine months of 2006, with consolidations and staff reductions; no site-level headcount disclosed. Related asset impairments of $386M incurred through October 1, 2006 under AtS.
2006-10-01divestiture_reductionannounced2006-062006-12-31GlobalConsumer Healthcareother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell Consumer Healthcare business to Johnson & Johnson for approximately $16.6 billion in cash; expected to close in late 2006 subject to regulatory approvals. No headcount associated with the divestiture disclosed.
2006-10-01restructuringin_progress5,7282005-01-01GlobalManufacturing, Sales, ResearchUSD 1,239 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Employee termination costs represent approved reduction of workforce by 5,728 employees. 5,325 employees terminated as of Oct 1, 2006. Total costs incurred through Oct 1, 2006 were $1.239 billion.
2006-10-01restructuringin_progress5,7282005-01-01WorldwideManufacturing, Sales, ResearchUSD 1,239 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approved reduction of workforce by 5,728 employees through Oct 1, 2006; 5,325 terminated as of that date. Includes employee termination costs, asset impairments, and other exit costs.
2006-07-02restructuringin_progress5,0962005-01-012008-12-31GlobalManufacturing, sales and research (plant network optimization; U.S. marketing and worldwide R&D restructuring)USD 635 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Cumulative employee termination costs of $635 million through July 2, 2006 under the AtS productivity initiative launched in early 2005; 4,714 of the 5,096 approved reductions were terminated as of July 2, 2006. Program cost expected to total $4-5 billion pre-tax through 2008.
2006-07-02restructuringin_progress2005-01-012008-12-31GlobalPlant network optimization and shared servicesUSD 262 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
AtS restructuring charges of $262 million in the three months ended July 2, 2006 ($556 million for six months), covering employee terminations, asset impairments and exit costs; implementation costs of $180 million ($365 million YTD) recorded separately.
2006-07-02divestiture_reductionannounced2006-06-012006-12-31GlobalConsumer HealthcareMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Agreement to sell Consumer Healthcare business to Johnson & Johnson for approximately $16.6 billion in cash; headcount affected not quantified. Sale expected to close in late 2006, subject to regulatory approvals.
2006-07-02restructuringin_progress4,71420052008GlobalManufacturing, sales and researchUSD 635 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approved workforce reduction of 5,096 employees under the AtS program; 4,714 terminated as of 2006-07-02. Charge shown is cumulative employee termination costs incurred through 2006-07-02 ($635M); $331M expensed in the six months ended 2006-07-02. Program launched in early 2005, expected to run through 2008.
2006-07-02plant_closurein_progress20052008Global (France, Puerto Rico, USA, Thailand, UK, Michigan, Indonesia, Korea, Canada, New Jersey, Mexico, Japan, Sweden)ManufacturingMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
18 manufacturing sites identified for rationalization during 2005 through the first six months of 2006 as part of plant network optimization; no site-level headcount reductions disclosed. Part of the broader AtS program.
2006-07-02divestiture_reductionannounced2006-062006-12-31GlobalConsumer Healthcareother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell Consumer Healthcare business to Johnson & Johnson for approximately $16.6 billion in cash; expected to close in late 2006 subject to regulatory approvals. No headcount associated with the divestiture disclosed.
2006-07-02restructuringin_progress5,0962005-01-012008-12-31GlobalManufacturing, Sales, ResearchUSD 921 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Approved reduction of workforce by 5,096 employees through July 2, 2006; 4,714 terminated as of that date. Part of multi-year AtS initiative launched in early 2005.
2006-07-02restructuringin_progress5,0962005-01-012008-12-31WorldwideManufacturing, Sales, ResearchUSD 556 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approved reduction of workforce by 5,096 employees through July 2, 2006. 4,714 employees terminated as of July 2, 2006. Initiative expected to continue through 2008.
2006-04-02restructuringin_progress3,8862005-01-012008-12-31GlobalManufacturing, sales and researchUSD 751 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
AtS productivity initiative launched early 2005. Through April 2, 2006, approved workforce reduction of 3,886 employees mainly in manufacturing, sales and research; 3,610 terminated as of April 2, 2006. Cumulative charges of $751M comprise $478M employee termination costs, $250M asset impairments and $23M other; accrual of $143M remains. First-quarter 2006 charges: $173M employee termination costs, $119M asset impairments, $9M other. Program expected to run through 2008 with total implementation cost of approximately $4-5 billion pre-tax.
2006-04-02plant_closurein_progress2005-01-012008-12-31France, Puerto Rico, US, UK, Indonesia, Korea, Canada, Japan, SwedenPfizer Global Manufacturing plant networkMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
15 manufacturing sites identified for rationalization during 2005 and through Q1 2006 (Angers and Val de Reuil, France; Arecibo and Cruce Davila, Puerto Rico; Augusta, Georgia; Corby and Morpeth, UK; Holland, Michigan; Jakarta, Indonesia; Seoul, Korea; Orangeville, Canada; Parsippany, New Jersey; Tsukuba, Japan; Stockholm and Uppsala-Fyrislund, Sweden). Also extensive reductions at Sandwich UK, Lincoln and Omaha Nebraska, and Puerto Rico sites, with smaller staff reductions in Groton CT, Lititz PA, and Brooklyn NY. No site-specific headcount disclosed.
2006-04-02acquisition_additioncompleted2006-02-282006-02-28Global (insulin-production facilities in Frankfurt, Germany)Human HealthUSD 1,400 (millions)business_combinations_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Acquired sanofi-aventis worldwide rights to Exubera and the insulin-production business and facilities in Frankfurt, Germany for approximately $1.4 billion including transaction costs. No employee headcount added through the acquisition was disclosed.
2006-04-02restructuringin_progress3,88620052008GlobalManufacturing, sales and research and developmentUSD 478 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cumulative approved workforce reduction of 3,886 under the Adapting to Scale program through April 2, 2006; 3,610 employees actually terminated as of that date. Charge shown is cumulative employee termination costs incurred through April 2, 2006 ($173 million expensed in Q1 2006). Total AtS costs in Q1 2006 were $487 million ($301 million restructuring charges plus $186 million implementation costs); program total cost estimated at $4-5 billion pre-tax through 2008.
2006-04-02plant_closurein_progress20052008GlobalManufacturing (plant network optimization)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Component of the Adapting to Scale program; 15 manufacturing sites identified for rationalization during 2005 through Q1 2006, with extensive site-operation reductions at Sandwich, U.K., Lincoln and Omaha, Nebraska, and Puerto Rico sites plus smaller reductions elsewhere. Site-level headcount impacts not separately quantified; overlaps with the Adapting to Scale restructuring record above.
2006-04-02acquisition_additioncompleted2006-02-282006-02-28Germany (Frankfurt insulin production business) and worldwide rightsHuman Healthbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of sanofi-aventis worldwide Exubera rights plus the Frankfurt insulin-production business and facilities for approximately $1.4 billion including transaction costs; no employee headcount added was disclosed.
2006-04-02otherannounced2006-02-072006-09-30GlobalConsumer HealthcareMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Announced exploration of strategic options for the Consumer Healthcare business, including possible sale or spin-off, with a decision expected by the end of Q3 2006; no headcount or workforce reduction quantified at this stage.
2006-04-02restructuringin_progress3,8862005-01-012008-12-31GlobalManufacturing, Sales, ResearchUSD 301 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Part of multi-year 'Adapting to Scale' initiative launched early 2005. 3,610 employees terminated as of April 2, 2006. Total expected cost $4-5 billion through 2008.
2006-04-02acquisition_additioncompleted2006-02-28GermanyHuman HealthUSD 1,400 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of sanofi-aventis worldwide rights to Exubera and insulin-production business. Headcount not explicitly disclosed.
2006-04-02restructuringin_progress3,8862005-01-012008-12-31GlobalManufacturing, Sales, ResearchUSD 173 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approved reduction of workforce by 3,886 employees through April 2, 2006. 3,610 employees terminated as of period end. $173M employee termination costs expensed in Q1 2006. Part of multi-year AtS initiative expected to complete in 2008.
2005-12-31restructuringin_progress2,6022005-042008Primarily North America manufacturing, U.S. marketing, worldwide research and developmentManufacturing, sales and researchUSD 450 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Cumulative through FY2005: 2,602 approved reduction, 2,425 terminated as of 2005-12-31. 2005 charges comprise $450M restructuring ($305M employee terminations, $131M asset impairments, $14M other) plus $330M implementation costs ($780M total). Multi-year program targeting ~$4B annual savings by 2008; expected total pre-tax cost $4B–$5B.
2005-12-31plant_closurein_progress2005-042008France, Puerto Rico, US (Georgia, Michigan, New Jersey, Nebraska, Connecticut, Pennsylvania), UK, Indonesia, Canada, Japan, SwedenPfizer Global Manufacturing plant networkMD&A
f5-10k / GLM-5.3-flash-HTML
Component of the AtS initiative. Fourteen manufacturing sites identified for rationalization during 2005; planned closure of drug product, distribution and fermentation operations in Sandwich, UK; staff reductions at Lincoln and Omaha (Nebraska), Puerto Rico sites, with smaller reductions in Groton (CT) and Lititz (PA). Workforce impact embedded in the AtS restructuring record; listed separately to identify facility closures without double counting headcount.
2005-12-31restructuringcompleted12,7682003-04-16Global (legacy Pharmacia operations)Corporate, manufacturing, distribution, sales and researchUSD 1,535 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Cumulative through fiscal year-end: 12,768 approved reduction, 12,589 terminated as of 2005-12-31. Employee termination costs of $1,535M were the capitalized component of $2,159M total capitalized restructuring; $132M incurred but unpaid at FY-end. Program substantially complete as of fiscal year-end per filer.
2005-12-31restructuringcompleted4,4762004-04-16Global (legacy Pfizer and legacy Pharmacia operations)Corporate, manufacturing, distribution, sales and researchUSD 625 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Cumulative through fiscal year-end: 4,476 approved reduction, 4,082 terminated as of 2005-12-31. Employee termination costs of $625M ($108M incurred in 2005) within $1,271M total expensed restructuring ($390M in 2005); $119M unpaid at FY-end. Covers exits from activities of legacy Pfizer and legacy Pharmacia beginning April 16, 2004; substantially complete per filer.
2005-12-31divestiture_reductionannounced2006-02-07GlobalConsumer Healthcaresubsequent_events
f5-10k / GLM-5.3-flash-HTML
Subsequent event: filer announced exploration of strategic alternatives for the Consumer Healthcare business, including a possible spin-off or sale; no workforce figures disclosed. Decision expected in the third quarter of 2006.
2005-12-31restructuringin_progress2,6022005-04-012008-12-31GlobalManufacturing, sales and research (primarily Human Health)USD 450 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Approved workforce reduction of 2,602 under the Adapting to Scale program; 2,425 employees terminated as of 2005-12-31. Program launched Q1 2005, so counts represent fiscal 2005 activity. Total program cost expected at $4-5 billion pre-tax through 2008; $780 million incurred in 2005 ($450M restructuring + $330M implementation).
2005-12-31restructuringin_progress4,4762003-04-162005-12-31GlobalCorporate, manufacturing, distribution, sales and research (legacy Pfizer and legacy Pharmacia)USD 390 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Employee counts are cumulative through 2005-12-31 for the multi-year Pharmacia integration program (4,476 approved reduction; 4,082 terminated). Charge of $390 million is the fiscal 2005 provision only; cumulative expensed restructuring through 2005-12-31 was $1.3 billion. Program described as substantially complete at year-end.
2005-12-31restructuringcompleted12,7682003-04-162005-12-31GlobalCorporate, manufacturing, distribution, sales and research (legacy Pharmacia)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cumulative through 2005-12-31: approved reduction of 12,768 legacy Pharmacia employees, of whom 12,589 were terminated. Costs capitalized as part of the Pharmacia purchase price through 2004-04-15; no incremental charge in fiscal 2005. Substantially complete.
2005-12-31plant_closurein_progress2005-04-012008-12-31Global (France, Puerto Rico, United States, United Kingdom, Indonesia, Canada, Japan, Sweden)Pfizer Global Manufacturing plant network rationalizationMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
14 manufacturing sites identified for rationalization during 2005, plus extensive reductions at Sandwich U.K., Lincoln and Omaha, Nebraska, and Puerto Rico sites. No site-level headcount disclosed; associated severance is captured within the Adapting to Scale restructuring record.
2005-12-31acquisition_additioncompleted2005-09-142005-09-14United StatesHuman Health (anti-infectives)USD 1,400 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Vicuron Pharmaceuticals completed for approximately $1.9 billion cash; $1.4 billion expensed as in-process R&D. No headcount added disclosed.
2005-12-31acquisition_additioncompleted2005-04-122005-08-15United StatesHuman Health (research)USD 262 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Idun Pharmaceuticals (completed 2005-04-12), Bioren (completed 2005-08-15) and other smaller acquisitions totaled approximately $340 million cash; $262 million expensed as in-process R&D. No headcount added disclosed.
2005-12-31divestiture_reductioncompleted2005-03-312005-09-30EuropeHuman Health — European generic pharmaceutical businessesdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Second and third of three European generics businesses sold during 2005 (approximately $93 million and $5.6 million). Reported in discontinued operations; no headcount removed disclosed.
2005-12-31restructuringin_progress2,6022005-04-012008-12-31GlobalManufacturing, Sales, ResearchUSD 450 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Adapting to Scale (AtS) initiative launched Q1 2005. 2,602 employees approved for reduction; 2,425 terminated as of Dec 31, 2005. Includes severance, asset impairments, and exit costs.
2005-12-31restructuringcompleted12,7682003-04-162005-12-31GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 390 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Pharmacia acquisition-related restructuring. 12,768 legacy Pharmacia employees approved for reduction; 12,589 terminated as of Dec 31, 2005. $390M expensed in 2005.
2005-12-31restructuringcompleted4,4762003-04-162005-12-31GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 108 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Legacy Pfizer and Pharmacia (post-April 2004) restructuring. 4,476 employees approved for reduction; 4,082 terminated as of Dec 31, 2005. $108M expensed in 2005.
2005-12-31restructuringcompleted2,6022005-01-012005-12-31North America and WorldwideManufacturing, Sales, ResearchUSD 450 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Part of Adapting to Scale (AtS) initiative launched in Q1 2005. 2,425 employees terminated as of Dec 31, 2005. Charge includes severance, asset impairments, and exit costs.
2005-12-31restructuringcompleted12,7682003-04-162005-12-31WorldwideCorporate, Manufacturing, Distribution, Sales, ResearchUSD 390 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Legacy Pharmacia acquisition restructuring. 12,589 employees terminated as of Dec 31, 2005. $390M expensed in 2005; total program cost $5.4B pre-tax through 2005.
2005-12-31restructuringcompleted4,4762003-04-162005-12-31WorldwideCorporate, Manufacturing, Distribution, Sales, ResearchUSD 108 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Legacy Pfizer and Legacy Pharmacia (post-April 2004) restructuring. 4,082 employees terminated as of Dec 31, 2005. $108M expensed in 2005.
2005-10-02restructuringin_progress9222005-04-012008-12-31North AmericaManufacturing, sales and researchUSD 174 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
AtS initiative announced Q2 2005; approved workforce reduction of 922 employees, 903 terminated as of Oct 2, 2005; total program costs expected $4-5 billion pre-tax through 2008; restructuring charges of $174M for nine months ended Oct 2, 2005 plus $136M implementation costs
2005-10-02restructuringin_progress17,0862003-04-162005-12-31GlobalCorporate, manufacturing, distribution, sales and researchUSD 622 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Pharmacia integration restructuring; approved reduction of legacy Pfizer and legacy Pharmacia workforce by 17,086 employees, 16,385 terminated as of Oct 2, 2005; total merger-related costs of $622M for nine months ended Oct 2, 2005; ~$5.0 billion of ~$5.1 billion program incurred through Oct 2, 2005
2005-10-02plant_closureannounced2005-01-01Holland, MI; Angers and Val-de-Reuil, France; Morpeth, U.K.; Stockholm, SwedenPfizer Global ManufacturingMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Divestitures of manufacturing facilities announced since December 2004 as part of plant network optimization
2005-10-02plant_closureannounced2005-07-01Corby, U.K.; Orangeville, Canada; Augusta, GAPfizer Global ManufacturingMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Cessation of operations in Corby, U.K. and Orangeville, Canada announced in recent months; Augusta, GA plant to be closed
2005-10-02restructuringannounced2005-07-01Lincoln, NE; Lititz, PA; Groton, CT; Inchera and Little Island, IrelandPfizer Global ManufacturingMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Significant downsizing in Lincoln, NE; plants in Lititz, PA, Groton, CT, and Inchera and Little Island, Ireland to be restructured
2005-10-02restructuringin_progress2005-01-01Puerto Rico; Sandwich, U.K.Pfizer Global ManufacturingMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Employment reductions at Barceloneta and Arecibo, Puerto Rico in Q4 2005 in anticipation of Arecibo cessation; sale of Cruce Davila, Puerto Rico plant being pursued; since 2003, plans announced to reduce global plant network by more than 25%
2005-10-02restructuringin_progress9222005-042008-12-31North America (primarily)Manufacturing (primarily), sales and researchUSD 174 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approved workforce reduction of 922 employees; 903 terminated as of 2005-10-02. Charge is nine-month restructuring charges; total AtS costs including implementation were $310 million. Program announced April 2005, runs through 2008 with expected total pre-tax costs of $4-5 billion. Facility closures announced under the program (Augusta GA, Corby UK, Orangeville Canada and others) are not separately quantified.
2005-10-02restructuringin_progress17,0862003-04-16GlobalCorporate, manufacturing, distribution, sales and researchUSD 232 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approved reduction of 17,086 legacy Pfizer and legacy Pharmacia employees; 16,385 terminated as of 2005-10-02. Charge is restructuring costs expensed in the nine months; total merger-related costs were $622 million including $390 million of integration costs. Ongoing since the April 2003 Pharmacia acquisition; about $5.0 billion of the expected $5.1 billion total incurred through 2005-10-02.
2005-10-02acquisition_additioncompleted2005-09-142005-09-14GlobalHuman Healthbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired for approximately $1.9 billion in cash; headcount added not disclosed. Purchase allocation included approximately $1.4 billion of in-process R&D expensed and $243 million of goodwill.
2005-10-02acquisition_additioncompleted2005-04-122005-04-12United StatesHuman Healthbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Headcount added not disclosed. Idun, Bioren and other smaller acquisitions had an aggregate cost of approximately $340 million for the nine months; Idun carried a $250 million IPR&D charge.
2005-10-02acquisition_additioncompleted2005-08-152005-08-15United StatesHuman Healthbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Headcount added not disclosed; included in the aggregate of approximately $340 million for Idun, Bioren and other smaller acquisitions.
2005-10-02restructuringcompleted2005-10-02United StatesHuman Health — U.S. field forceMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Major reorganization of the U.S. sales field force completed during the third quarter of 2005 to align with the Medicare Modernization Act and improve sales-force accountability; no headcount impact disclosed.
2005-10-02restructuringin_progress9222005-04-012008-12-31North AmericaManufacturing, Sales, ResearchUSD 153 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Part of multi-year AtS initiative. 903 employees terminated as of Oct 2, 2005. Total program cost expected $4-5 billion pre-tax.
2005-10-02restructuringin_progress17,0862003-04-16GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 622 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Legacy Pfizer and Pharmacia integration. 16,385 employees terminated as of Oct 2, 2005. Total merger-related expenditures approx $5.1 billion pre-tax.
2005-10-02restructuringin_progress9222005-04-01North AmericaManufacturing, Sales, ResearchUSD 174 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approved reduction of workforce by 922 employees. 903 terminated as of Oct 2, 2005. Includes employee termination costs, asset impairments, and other exit costs.
2005-10-02restructuringin_progress17,0862003-04-16GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 1,107 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approved reduction of legacy Pfizer and Pharmacia workforce by 17,086 employees. 16,385 terminated as of Oct 2, 2005. Includes employee termination costs, asset impairments, and other exit costs.
2005-07-03restructuringin_progress17,0302005-12-31GlobalCorporate, manufacturing, distribution, sales and researchUSD 1,046 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Approved reduction of legacy Pfizer and legacy Pharmacia workforce tied to the Pharmacia acquisition; 15,901 employees notified and terminated as of July 3, 2005. Restructuring expected to continue through 2005; total merger-related expenditures of about $6 billion pre-tax for 2003-2005, with $5.3 billion incurred through July 3, 2005.
2005-07-03restructuringin_progress2005-04-012008-12-31North AmericaManufacturing facilitiesUSD 21 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Second-quarter 2005 restructuring charges of approximately $21 million, primarily employee termination costs at North American manufacturing facilities, plus about $33 million in implementation costs. Multi-year program now expected to cost approximately $4-5 billion pre-tax through 2008.
2005-07-03restructuringin_progress2005-042008-12-31North America (Q2 charges); company-wide programManufacturing (Q2 2005 charges); company-wide processes, organizations and systemsUSD 21 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Q2 2005 restructuring charge of $21M, primarily employee termination costs at North American manufacturing facilities; a further $33M of implementation costs was incurred in Q2 (in Cost of sales $1M, SG&A $21M, R&D $11M). No employee count disclosed. Multi-year program announced April 2005, expected to run through 2008 at a total pre-tax cost of $4-5 billion.
2005-07-03restructuringin_progress17,0302003-04-162005-12-31GlobalCorporate, manufacturing, distribution, sales and researchUSD 72 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cumulative program figures, not quarterly flows: approved work-force reduction of 17,030 employees through 2005-07-03, of which 15,901 had been terminated as of that date. Associated charge of $72M is employee termination costs expensed during the first six months of 2005 (plus $78M asset impairments and $15M other). Program tied to the Pharmacia acquisition, expected to continue through 2005; total 2003-2005 merger-related spend of about $6 billion pre-tax, $5.3 billion incurred through 2005-07-03.
2005-07-03acquisition_additionannounced2005-06GlobalHuman Health — anti-infectives R&DMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement to acquire Vicuron Pharmaceuticals for approximately $1.9 billion in cash, entered into during the second quarter of 2005 (exact announcement date not disclosed); subject to normal closing conditions. Headcount to be added not disclosed.
2005-07-03acquisition_additioncompleted2005-04-12United StatesHuman Health — R&DUSD 262 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Idun Pharmaceuticals, Inc. completed 2005-04-12; $262 million of in-process R&D expensed in the first six months of 2005 (pre-tax, not a severance charge). Headcount added not disclosed.
2005-07-03divestiture_reductioncompleted2005-07-042005-07-04EuropeHuman Health — generics pharmaceuticalsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Last remaining business held for sale (a European generics pharmaceutical business) was sold on 2005-07-04, one day after period end; all other businesses and product lines classified as held for sale had already been sold by 2005-07-03. Headcount removed not disclosed; impact described as not material to consolidated results.
2005-07-03plant_closureannounced2004-12United States, France, United Kingdom, Sweden, Puerto RicoManufacturing (Pfizer Global Manufacturing plant network)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Since December 2004 Pfizer announced divestiture of facilities in Augusta GA, Holland MI, Angers and Val-de-Reuil (France), Morpeth (U.K.) and Stockholm (Sweden), plus several smaller facilities; plants in Arecibo, Caguas and Cruce Davila (Puerto Rico) and Sandwich (U.K.) are being restructured. Since 2003, announced plans to cut the global plant count by more than 25%. No facility-level or workforce counts disclosed; charges are captured within the Adapting to Scale restructuring record.
2005-07-03restructuringin_progress17,0302005-12-31GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 589 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Approved reduction of legacy Pfizer and legacy Pharmacia workforce. 15,901 employees terminated as of July 3, 2005. Costs expensed include $589M for employee termination, $368M for asset impairments, and $89M for other. Restructuring expected to continue through 2005.
2005-07-03restructuringin_progress2005-04-012008-12-31North AmericaManufacturingUSD 21 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Adapting to Scale initiative launched in Q2 2005. $21M in restructuring charges incurred in Q2, primarily employee termination costs at North American manufacturing facilities. Total program costs expected to be $4B-$5B pre-tax through 2008.
2005-07-03restructuringin_progress17,0302005-12-31GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 589 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approved reduction of legacy Pfizer and Pharmacia workforce. 15,901 employees terminated as of July 3, 2005. Charge represents employee termination costs expensed.
2005-07-03restructuringin_progress2005-04-012008-12-31North AmericaManufacturingUSD 21 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Adapting to Scale (AtS) initiative. Incurred $21 million in restructuring charges primarily related to employee termination costs at manufacturing facilities in North America in Q2 2005. Total program cost expected $4-5 billion through 2008.
2005-04-03restructuringin_progress16,9372005-12-31GlobalCorporate, manufacturing, distribution, sales and researchUSD 994 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Approved reduction of legacy Pfizer and legacy Pharmacia work force tied to Pharmacia integration; 15,676 employees terminated as of April 3, 2005. Costs expensed after April 15, 2004 total $994 million; costs capitalized through April 15, 2004 of $2,159 million were recorded as part of the Pharmacia purchase price (goodwill). Restructuring expected to continue through 2005.
2005-04-03restructuringin_progress2005-04-052008-12-31GlobalAll functions and businessesUSD 5,500 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Company-wide initiative announced April 5, 2005 targeting $4 billion in annual cost savings by 2008; expected pre-tax expenditures of about $5 to $6 billion through 2008 for severance, asset impairments, exit costs, accelerated depreciation and implementation costs. Costs to begin in Q3 2005; no headcount figure disclosed.
2005-04-03restructuringin_progress2005-12-31GlobalCompany-wideUSD 219 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Q1 2005 merger-related costs expensed: $106 million integration costs and $113 million restructuring costs, primarily related to Pharmacia integration. Q1 2005 restructuring expense components: $52 million employee termination costs, $51 million asset impairments, $10 million other.
2005-04-03restructuringin_progress16,9372003-04-162005-12-31GlobalCorporate, manufacturing, distribution, sales and researchUSD 113 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cumulative program tied to the Pharmacia acquisition (completed 2003-04-16): approved workforce reduction of 16,937 employees, of which 15,676 were terminated as of 2005-04-03. Counts are cumulative program-to-date, not quarterly flow. Charge shown is Q1 2005 expensed restructuring costs ($52M employee termination, $51M asset impairments, $10M other); separate Q1 2005 integration costs were $106M. Remaining restructuring reserve of $177M (expensed costs) plus $193M (costs capitalized through 2004-04-15) sits in Other current liabilities. Program expected to continue through 2005; total 2003-2005 merger-related expenditures of about $6.0 billion pre-tax.
2005-04-03restructuringannounced2005-04-052008-12-31GlobalAll functions and businessesUSD 5,000 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Adapting to Scale (AtS) initiative announced 2005-04-05, after the 2005-04-03 quarter end; discussed in MD&A. No headcount reduction target disclosed. Expected total pre-tax expenditures of about $5-6 billion over 2005-2008 (value shown is the low end of the range), covering severance, asset impairments, exit costs, accelerated depreciation and implementation costs; targeted $4 billion in annual cost savings by 2008. Costs expected to begin in Q3 2005.
2005-04-03restructuringin_progress16,937GlobalCorporate, manufacturing, distribution, sales and researchUSD 52 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Approved reduction of legacy Pfizer and legacy Pharmacia workforce. 15,676 employees terminated as of April 3, 2005. Q1 2005 expensed $52M for employee termination costs.
2005-04-03restructuringin_progress16,9372005-12-31GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 52 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approved reduction of legacy Pfizer and Pharmacia workforce. 15,676 employees terminated as of April 3, 2005. $52M expensed for employee termination costs in Q1 2005. Restructuring expected to continue through 2005.
2005-04-03otherannounced2005-04-032008-12-31GlobalAll functionsMD&A
f5-10q / Qwen3.6-27B-Q8_0
Launched 'Adapting to Scale' initiative. Expected to result in $4 billion in annual cost savings by 2008. Total expenditures expected to be $5-6 billion pre-tax. Costs to begin in Q3 2005. Includes severance, asset impairments, and exit costs.
2004-12-31restructuringin_progress12,8202005Corporate, manufacturing, distribution, sales and researchUSD 246 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Approved reduction of legacy Pharmacia workforce, cumulative through Dec 31, 2004; 12,248 employees actually terminated by year-end. Plans approved throughout 2003-2004 following the April 16, 2003 Pharmacia acquisition; costs recorded through April 15, 2004 were capitalized as part of the purchase price (2004 capitalized restructuring costs totaled $581 million; cumulative employee termination costs $1,535 million). Program expected to continue through at least 2005, with total merger-related expenditures of about $6.0 billion pre-tax expected during 2003-2005.
2004-12-31restructuringin_progress3,8302005Corporate, manufacturing, distribution, sales and researchUSD 377 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Approved reduction of legacy Pfizer and legacy Pharmacia (from April 16, 2004) workforce, cumulative through Dec 31, 2004; 3,118 employees terminated by year-end. Total expensed restructuring costs of $704 million recorded in 2004 (including $269 million asset impairments and $58 million other exit costs); cumulative expensed restructuring costs of $881 million through Dec 31, 2004. Plans approved throughout 2003-2004 in connection with the Pharmacia acquisition; expected to continue through at least 2005.
2004-12-31restructuringin_progress12,8202005-12-31Corporate, manufacturing, distribution, sales and researchUSD 1,535 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cumulative through fiscal year-end; $246 million of employee termination costs recorded in 2004. 12,248 of the 12,820 approved reductions were terminated as of 2004-12-31. Costs treated as liabilities assumed in the Pharmacia purchase price (recorded to goodwill through 2004-04-15); restructuring expected to continue through at least 2005.
2004-12-31restructuringin_progress3,8302005-12-31Corporate, manufacturing, distribution, sales and researchUSD 517 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cumulative through fiscal year-end; $377 million of employee termination costs recorded in 2004 (total expensed restructuring $881 million cumulative, $704 million in 2004). 3,118 of the 3,830 approved reductions were terminated as of 2004-12-31. Covers legacy Pfizer and legacy Pharmacia activities from 2004-04-16.
2004-12-31acquisition_additioncompleted2004-02-102004-02-10United StatesHuman Healthbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Esperion Therapeutics, Inc. for $1.3 billion in cash; headcount added not disclosed.
2004-12-31acquisition_additioncompleted2004-09-302004-09-30Human Healthbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Campto (irinotecan) from Sanofi-Aventis for $550 million in cash; headcount added not disclosed.
2004-12-31divestiture_reductioncompleted2004-01-312004-04-23Corporate/Other — Diagnosticsdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of in-vitro allergy and autoimmune diagnostics testing business for $575 million, completed 2004-04-23; headcount removed not disclosed. Announcement month inferred from 'In January 2004, we agreed to sell'.
2004-12-31divestiture_reductioncompleted2004-03-312004-06-26Human Health — Surgical Ophthalmicsdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of surgical ophthalmic business for $450 million, completed 2004-06-26; headcount removed not disclosed. Announcement month inferred from 'In March 2004, we decided to sell'.
2004-12-31divestiture_reductioncompleted2004-03-312004-06-28EuropeConsumer Healthcare — non-core consumer product linesdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of non-core consumer product lines for approximately $163 million, completed 2004-06-28; headcount removed not disclosed. Announcement month inferred from 'In March 2004, we decided to sell'.
2004-12-31divestiture_reductionin_progress2004-03-312005-03-31EuropeHuman Health — European generic pharmaceutical businessesUSD 61 (millions)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
One of three European generic businesses sold in Q4 2004 for approximately $65 million; remaining two expected to close in Q1 2005. $61 million impairment charge ($37 million net of tax) recorded for expected loss on one business. Headcount removed not disclosed.
2004-12-31restructuringcompleted12,8202003-04-162005-12-31GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 1,535 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Legacy Pharmacia workforce reduction. 12,248 employees terminated as of Dec 31, 2004. Costs include severance and change-in-control provisions. Part of $6.0B total merger-related expenditures expected through 2005.
2004-12-31restructuringcompleted3,8302003-04-162005-12-31GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 517 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Legacy Pfizer and Legacy Pharmacia (post-April 2004) workforce reduction. 3,118 employees terminated as of Dec 31, 2004. Costs include severance and change-in-control provisions.
2004-12-31restructuringcompleted12,8202003-04-162005-12-31GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 1,535 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Approved reduction of legacy Pharmacia workforce. 12,248 employees terminated as of Dec 31, 2004. Costs capitalized as part of purchase price.
2004-12-31restructuringin_progress3,8302003-04-162005-12-31GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 517 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Approved reduction of legacy Pfizer and legacy Pharmacia (post-acquisition) workforce. 3,118 employees terminated as of Dec 31, 2004. Costs expensed.
2004-09-26restructuringin_progress3,0232005-12-31Corporate, manufacturing, distribution, sales and researchUSD 531 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Approved reduction of legacy Pfizer and legacy Pharmacia (from April 16, 2004) workforce by 3,023 people; 2,413 terminated as of 2004-09-26. Total expensed restructuring costs of $531 million through 2004-09-26 ($177 million in 2003, $354 million in first nine months of 2004); reserve of $110 million in other current liabilities. Restructuring expected to continue through 2005.
2004-09-26restructuringin_progress12,8592005-12-31Corporate, manufacturing, distribution, sales and researchUSD 2,177 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Approved reduction of legacy Pharmacia workforce by 12,859 people; 11,994 terminated as of 2004-09-26. Costs of $2,177 million recorded through 2004-09-26, capitalized as part of the Pharmacia purchase price (increase to goodwill); reserve of $232 million in other current liabilities. Includes an approximate $500 million downward revision of estimated exit costs through Q3 2004.
2004-09-26restructuringin_progress3,0232005-12-31GlobalCorporate, manufacturing, distribution, sales and research (legacy Pfizer and legacy Pharmacia)USD 531 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approved workforce reduction of 3,023; 2,413 terminated as of 2004-09-26. Charge is cumulative expensed total ($177M in 2003, $354M in 9M 2004); $110M reserve remains. Plans approved throughout 2003 and 9M 2004; no single announcement date given.
2004-09-26restructuringin_progress12,8592005-12-31GlobalLegacy Pharmacia — corporate, manufacturing, distribution, sales and researchUSD 2,177 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approved workforce reduction of 12,859; 11,994 terminated as of 2004-09-26. Costs through 2004-04-15 capitalized to goodwill ($1,578M in 2003, $599M in 9M 2004); $232M reserve remains. Includes ~$500M downward revision to exit-cost estimates. Future costs expensed to P&L.
2004-09-26restructuringin_progress3,0232005-12-31GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 341 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Approved reduction of legacy Pfizer and legacy Pharmacia workforce. 2,413 employees terminated as of Sept 26, 2004. Total expected merger-related expenditures 2003-2005 are about $6.0 billion.
2004-09-26restructuringin_progress12,8592005-12-31GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 1,542 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Approved reduction of legacy Pharmacia workforce. 11,994 employees terminated as of Sept 26, 2004. Costs capitalized as part of Pharmacia purchase price.
2004-09-26restructuringin_progress3,0232005-12-31GlobalCorporate, manufacturing, distribution, sales and researchUSD 341 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approved reduction of legacy Pfizer and legacy Pharmacia workforce. 2,413 employees terminated as of Sept 26, 2004. Total merger-related expenditures expected to be about $6.0 billion through 2005.
2004-09-26restructuringin_progress12,8592005-12-31GlobalCorporate, manufacturing, distribution, sales and researchUSD 1,542 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approved reduction of legacy Pharmacia workforce. 11,994 employees terminated as of Sept 26, 2004. Costs capitalized as part of purchase price allocation.
2004-06-27restructuringin_progress2,57020032005Corporate, manufacturing, distribution, sales and research (legacy Pfizer and legacy Pharmacia from April 16, 2004)USD 454 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Approved workforce reduction of 2,570 people; 1,890 terminated as of 2004-06-27. Total expensed provisions of $454 million through June 27, 2004 ($277 million recorded in H1 2004); reserve of $126 million in Other current liabilities. Includes employee termination costs ($289M), asset impairments ($135M) and other exit costs ($30M).
2004-06-27restructuringin_progress12,86320032005Corporate, manufacturing, distribution, sales and research (legacy Pharmacia)USD 2,182 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Approved reduction of legacy Pharmacia workforce by 12,863 people; 11,658 terminated as of 2004-06-27. Costs capitalized through April 15, 2004 as part of the Pharmacia purchase price (increase to goodwill); $604 million recorded in H1 2004, including an approximate $500 million downward revision of estimated exit costs in Q2 2004. Reserve of $348 million in Other current liabilities.
2004-06-27divestiture_reductioncompleted2004-012004-04-23Corporate/Other — in-vitro allergy and autoimmune diagnostics testing businessother
f5-10q / GLM-5.3-flash-fp4-HTML
Diagnostics business (acquired with Pharmacia in April 2003) sold for $575 million in cash; sale completed April 23, 2004. Headcount transferred not disclosed.
2004-06-27divestiture_reductioncompleted2004-032004-06-26Pharmaceutical — surgical ophthalmic businessother
f5-10q / GLM-5.3-flash-fp4-HTML
Surgical ophthalmic business sold for $450 million in cash; sale completed June 26, 2004 with proceeds in escrow until June 28, 2004. Headcount transferred not disclosed.
2004-06-27divestiture_reductioncompleted2004-032004-06-28EuropeConsumer Healthcare — certain non-core consumer product linesother
f5-10q / GLM-5.3-flash-fp4-HTML
Non-core consumer product lines marketed primarily in Europe sold for 135 million euro (approximately $163 million); closed June 28, 2004 (Q3 2004). Headcount transferred not disclosed.
2004-06-27divestiture_reductionannounced2004-03EuropePharmaceutical — European generic pharmaceutical businessesother
f5-10q / GLM-5.3-flash-fp4-HTML
Decision in March 2004 to sell certain European generic pharmaceutical businesses acquired with Pharmacia; no sale agreement disclosed as of the filing. Headcount not disclosed.
2004-06-27acquisition_additioncompleted2004-02-102004-02-10Pharmaceutical — Esperion Therapeutics, Inc.USD 1,300 (millions)business_combinations_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Acquisition of all outstanding shares of Esperion for $1.3 billion in cash including transaction costs; purchase price included $920 million expensed in-process R&D and $234 million goodwill. Headcount added not disclosed.
2004-06-27restructuringin_progress2,5702005-12-31GlobalCorporate, manufacturing, distribution, sales and researchUSD 454 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approved workforce reduction of 2,570 across legacy Pfizer and legacy Pharmacia (from April 16, 2003); 1,890 employees terminated as of 2004-06-27. Charge shown is total expensed restructuring costs recorded through 2004-06-27 ($177M in 2003, $277M in six months 2004); employee termination cost component totals $289M. Plans approved throughout 2003 and 1H 2004; no single announcement date disclosed. Restructuring expected to continue through 2005.
2004-06-27restructuringin_progress12,8632005-12-31GlobalCorporate, manufacturing, distribution, sales and research (legacy Pharmacia)USD 2,182 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approved reduction of legacy Pharmacia workforce of 12,863; 11,658 employees terminated as of 2004-06-27. Charge shown is total restructuring costs capitalized as purchase-price adjustment through 2004-06-27 ($1,578M in 2003, $604M in six months 2004); employee termination cost component totals $1,547M. Costs incurred through April 15, 2004 were capitalized to goodwill; future restructuring costs will be expensed. Includes an approximate $500M downward revision to estimated exit costs in Q2 2004.
2004-06-27restructuringin_progress2,570GlobalCorporate, manufacturing, distribution, sales and researchUSD 289 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Approved reduction of legacy Pfizer and legacy Pharmacia workforce. 1,890 employees terminated as of June 27, 2004. Charge represents employee termination costs expensed.
2004-06-27restructuringin_progress12,863GlobalCorporate, manufacturing, distribution, sales and researchUSD 1,547 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Approved reduction of legacy Pharmacia workforce. 11,658 employees terminated as of June 27, 2004. Costs capitalized as part of Pharmacia purchase price.
2004-06-27acquisition_additioncompleted2004-02-10GlobalBiopharmaceuticalUSD 1,300 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Esperion Therapeutics, Inc. for $1.3 billion in cash. Headcount not explicitly disclosed.
2004-06-27restructuringin_progress2,570GlobalCorporate, manufacturing, distribution, sales and researchUSD 289 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approved reduction of legacy Pfizer and legacy Pharmacia workforce. 1,890 employees terminated as of June 27, 2004. Charge represents total provisions for employee termination costs.
2004-06-27restructuringin_progress12,863GlobalCorporate, manufacturing, distribution, sales and researchUSD 1,547 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approved reduction of legacy Pharmacia workforce. 11,658 employees terminated as of June 27, 2004. Costs capitalized as part of purchase price.
2004-03-28restructuringin_progress2,0912005-12-31Corporate, manufacturing, distribution, sales and researchUSD 320 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Approved reduction of legacy Pfizer work force of 2,091 people; 1,452 terminated as of March 28, 2004. Total expensed restructuring costs of $320 million through March 28, 2004 ($143 million recorded in Q1 2004); reserve of $134 million at quarter-end. Restructuring expected to continue through 2005.
2004-03-28restructuringin_progress13,0452005-12-31Corporate, manufacturing, distribution, sales and researchUSD 2,685 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Approved reduction of legacy Pharmacia work force of 13,045 people; 11,596 terminated as of March 28, 2004. Total capitalized restructuring costs of $2,685 million through March 28, 2004 ($1,107 million recorded in Q1 2004), recognized as liabilities assumed in the Pharmacia purchase business combination and recorded as an increase to goodwill; reserve of $1,209 million at quarter-end. Future restructuring charges will be charged to results of operations.
2004-03-28acquisition_additioncompleted2004-02-102004-02-10PharmaceuticalUSD 1,300 (millions)business_combinations_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Acquisition of Esperion Therapeutics for $1.3 billion in cash including transaction costs; no employee headcount disclosed. Purchase price includes $920 million in-process R&D expensed and $233 million goodwill.
2004-03-28restructuringin_progress2,0912005-12-31GlobalLegacy Pfizer — corporate, manufacturing, distribution, sales and researchUSD 143 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approved workforce reduction of 2,091 legacy Pfizer employees; 1,452 terminated as of 2004-03-28. Charge shown is Q1 2004 expensed restructuring cost; cumulative provision through 2004-03-28 was $320M with $134M reserve remaining. Plans approved during 2003 and Q1 2004; no specific announcement date given.
2004-03-28restructuringin_progress13,0452005-12-31GlobalLegacy Pharmacia — corporate, manufacturing, distribution, sales and researchUSD 1,107 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approved workforce reduction of 13,045 legacy Pharmacia employees; 11,596 terminated as of 2004-03-28. Charge shown is Q1 2004 restructuring cost, capitalized to goodwill as a liability assumed in the Pharmacia purchase business combination; cumulative costs incurred through 2004-03-28 were $2,685M with $1,209M reserve remaining. Future restructuring charges will be expensed.
2004-03-28acquisition_additioncompleted2004-02-102004-02-10United StatesPharmaceutical segmentbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Esperion Therapeutics completed 2004-02-10 for $1.3 billion cash; no employee headcount disclosed for the acquired workforce.
2004-03-28divestiture_reductionannounced2004-01-012004-04-23GlobalCorporate/Other — in-vitro allergy and autoimmune diagnostics testing businessother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreed in January 2004 to sell the Diagnostics business for $575 million cash; sale completed 2004-04-23. No headcount associated with the divestiture disclosed.
2004-03-28divestiture_reductionannounced2004-03-01EuropeConsumer Healthcare — non-core consumer productsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Decision in March 2004 to sell certain non-core consumer products marketed primarily in Europe; no headcount disclosed.
2004-03-28divestiture_reductionannounced2004-03-01EuropePharmaceutical segment — European generic pharmaceutical businessesother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Decision in March 2004 to sell certain European generic businesses; no headcount disclosed.
2004-03-28divestiture_reductionannounced2004-03-01GlobalPharmaceutical segment — surgical ophthalmic businesssubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Decided in March 2004 to sell the surgical ophthalmic business; in April 2004 agreed to sell for $450 million cash, expected to close in Q3 2004. No headcount disclosed.
2004-03-28restructuringin_progress2,091GlobalCorporate, manufacturing, distribution, sales and researchUSD 232 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Approved reduction of legacy Pfizer workforce. 1,452 employees terminated as of March 28, 2004. Includes severance and exit costs.
2004-03-28restructuringin_progress13,045GlobalCorporate, manufacturing, distribution, sales and researchUSD 1,552 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Approved reduction of legacy Pharmacia workforce. 11,596 employees terminated as of March 28, 2004. Costs capitalized as part of purchase price.
2004-03-28acquisition_additioncompleted2004-02-10GlobalBiopharmaceuticalUSD 1,300 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquisition of Esperion Therapeutics for $1.3 billion in cash. Headcount not explicitly disclosed.
2004-03-28restructuringin_progress2,0912005-12-31GlobalCorporate, manufacturing, distribution, sales and researchUSD 92 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Legacy Pfizer workforce reduction approved through Q1 2004. 1,452 employees terminated as of March 28, 2004. $92M charge recorded in Q1 2004.
2004-03-28restructuringin_progress13,0452005-12-31GlobalCorporate, manufacturing, distribution, sales and researchUSD 263 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Legacy Pharmacia workforce reduction approved through Q1 2004. 11,596 employees terminated as of March 28, 2004. $263M charge recorded in Q1 2004 (capitalized as part of purchase price).
2003-12-31restructuringin_progress1,47720032005-12-31U.S. and more than 30 other countries (worldwide)Corporate, manufacturing, distribution, sales and researchUSD 177 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Restructuring plans approved and initiated throughout 2003 in connection with the Pharmacia acquisition; 2003 charge comprises $140M employee termination costs, $21M asset impairments and $16M other exit costs, recorded in Merger-related costs. 1,477-position reduction approved; 1,281 employees terminated as of December 31, 2003. Program expected to continue through 2005.
2003-12-31restructuringin_progress11,24920032005-12-31U.S. and more than 30 other countries (worldwide)Corporate, manufacturing, distribution, sales and researchUSD 1,578 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Costs recognized as liabilities assumed in the Pharmacia purchase business combination and recorded as an increase to goodwill. 2003 amount comprises $1,289M employee termination costs and $289M other exit/relocation costs. 11,249-position reduction approved; 10,174 employees terminated as of December 31, 2003. Program expected to continue through 2005.
2003-12-31restructuringcompleted8,0952000-06-192003-12-31Corporate, manufacturing, distribution, sales and researchUSD 10 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Program tied to the Warner-Lambert merger completed June 19, 2000. Headcount figure is cumulative approved reduction through fiscal year-end 2003 (7,817 actually terminated); $10M is the 2003 provision (employee termination costs); cumulative program provisions were $1,477M through 2003. Restructuring substantially complete as of December 31, 2003.
2003-12-31restructuringin_progress2003Research and development (research division)USD 61 (millions)MD&A
f5-10k / GLM-5.3-flash-HTML
Research division initiated a restructuring plan in the second quarter of 2003; $61M of 2003 charges recorded in research and development expenses and excluded from adjusted income. Headcount affected and completion timeline not disclosed. Distinct from the acquisition-related merger-cost restructurings.
2003-12-31restructuringin_progress1,4772005-12-31GlobalCorporate, manufacturing, distribution, sales and researchUSD 177 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Approved reduction of 1,477 legacy Pfizer employees; 1,281 terminated as of 2003-12-31. Employee termination costs of $140M within the $177M expensed charge; $67M reserve unpaid at year-end. Program relates to the Pharmacia acquisition and runs through 2005.
2003-12-31restructuringin_progress11,2492005-12-31GlobalCorporate, manufacturing, distribution, sales and researchUSD 1,578 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Approved reduction of 11,249 legacy Pharmacia employees; 10,174 terminated as of 2003-12-31. Employee termination costs of $1,289M within $1,578M of costs capitalized to goodwill as liabilities assumed; $376M reserve unpaid at year-end. Estimate changes through 2004-04-15 adjust goodwill.
2003-12-31restructuringcompleted8,0952003-12-31GlobalCorporate, manufacturing, distribution, sales and researchUSD 1,477 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cumulative through fiscal year-end 2003 for the June 2000 Warner-Lambert merger: 8,095 approved reductions, 7,817 terminated. Charge shown is cumulative provisions; only $10M was expensed in 2003. Program substantially complete at 2003-12-31; $230M deferred severance in noncurrent liabilities.
2003-12-31acquisition_additioncompleted2003-04-162003-04-16GlobalPharmaceutical, Consumer Healthcare, Animal Healthbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Stock-for-stock acquisition valued at approximately $56 billion completed 2003-04-16; headcount added through the acquisition is not disclosed in the filing.
2003-12-31divestiture_reductioncompleted2003-03-31GlobalConsumer Healthcare and Pharmaceutical (Adams confectionery, Schick-Wilkinson Sword shaving, Estrostep/Loestrin/femhrt women's health)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Divestitures completed in March–April 2003 (Adams $4.2B, Schick-Wilkinson Sword $930M, women's health product lines); headcount removed through these dispositions is not disclosed.
2003-12-31divestiture_reductionannounced2004-01-192004-06-30GlobalCorporate/Other — in-vitro allergy and autoimmune diagnostic testing businesssubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Agreed sale for $575 million in cash, subject to regulatory approvals, expected to close in first half of 2004; business recorded approximately $153 million of 2003 revenues. Headcount not disclosed.
2003-12-31acquisition_additionannounced2004-02-102004-02-10United StatesPharmaceutical — cardiovascular (HDL-targeted therapies)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Completed acquisition of Esperion Therapeutics, Inc. for $1.3 billion in cash after fiscal year-end; headcount added not disclosed.
2003-12-31restructuringin_progress1,4772003-04-16GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 177 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Legacy Pfizer workforce reduction approved in connection with Pharmacia acquisition. 1,281 employees terminated as of Dec 31, 2003.
2003-12-31restructuringin_progress11,2492003-04-16GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 1,578 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Legacy Pharmacia workforce reduction approved in connection with acquisition. 10,174 employees terminated as of Dec 31, 2003. Costs capitalized as part of purchase price.
2003-12-31restructuringin_progress1,4772003-04-162005-12-31GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 177 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Approved reduction of legacy Pfizer workforce. 1,281 employees terminated as of Dec 31, 2003. Part of broader Pharmacia acquisition integration.
2003-12-31restructuringin_progress11,2492003-04-162005-12-31GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 1,578 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Approved reduction of legacy Pharmacia workforce. 10,174 employees terminated as of Dec 31, 2003. Costs capitalized as part of purchase price.
2003-12-31restructuringcompleted8,0952000-06-192003-12-31GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 10 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Cumulative approved reduction from Warner-Lambert merger. 7,817 employees terminated as of Dec 31, 2003. Restructuring substantially complete.
2003-09-28restructuringin_progress8,0672000-06-19Continuing businesses - mainly administrative functions for corporate, manufacturing, distribution, sales and researchUSD 1,268 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Cumulative employee termination charges of $1,268M since 2000; 7,697 employees terminated as of 2003-09-28; remaining reserve $8M. Nine months 2003 provision was $(1)M.
2003-09-28restructuringin_progress8652003-04-16Legacy Pfizer - mainly administrative functions for corporate, manufacturing, distribution, sales and researchUSD 76 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Part of $106M restructuring charge expensed in 2003; 706 employees terminated as of 2003-09-28; total program charge $106M including $15M asset impairments and $15M other.
2003-09-28restructuringin_progress9,4252003-04-162004-04-16Legacy Pharmacia - corporate, manufacturing, distribution, sales and researchUSD 1,065 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Total capitalized restructuring costs $1,319M (including $27M asset impairments, $96M relocation, $131M other), recorded as increase to goodwill under EITF 95-3; 8,271 employees terminated as of 2003-09-28; changes recorded in goodwill for one year following acquisition date.
2003-09-28acquisition_additioncompleted2003-04-162003-04-16Pharmacia CorporationUSD 55,962 (millions)business_combinations_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Acquisition of Pharmacia completed April 16, 2003 for approximately $56 billion in stock; no employee headcount added was disclosed.
2003-09-28acquisition_additioncompleted2002-07-152003-04-16GlobalAll segmentsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Pharmacia Corporation closed April 16, 2003 for approximately $56 billion; approximately 1.8 billion Pfizer shares issued. Headcount added through the acquisition is not disclosed in the filing.
2003-09-28restructuringin_progress865GlobalLegacy Pfizer operations (corporate, manufacturing, distribution, sales and research)USD 106 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plans approved during Q2-Q3 2003 (exact announcement date not disclosed); 865 positions approved for reduction, 706 employees terminated as of 2003-09-28. $106M charged in nine months ended 2003-09-28; $43M reserve remained. Components: employee termination $76M, asset impairments $15M, other $15M.
2003-09-28restructuringin_progress9,4252003-04-162004-04-16GlobalLegacy Pharmacia operations (corporate, manufacturing, distribution, sales and research)USD 1,319 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
9,425 positions approved for reduction, 8,271 employees terminated as of 2003-09-28. $1,319M of costs capitalized to goodwill under EITF 95-3; $515M reserve remained. Components: employee termination $1,065M, asset impairments $27M, relocation $96M, other $131M. Filer states changes to these estimates will be recorded in goodwill for one year following the April 16, 2003 acquisition date.
2003-09-28restructuringin_progress8,0672000-06-19GlobalContinuing businesses (corporate, manufacturing, distribution, sales and research)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Long-running Warner-Lambert merger program; counts are cumulative since 2000, not quarter-specific. 8,067 positions approved for reduction, 7,697 employees terminated as of 2003-09-28. Cumulative provisions $1,466M with $8M reserve remaining; nine-month 2003 provision was $(1)M. Deferred severance benefits of $230M sit in other noncurrent liabilities.
2003-09-28divestiture_reductioncompleted2003-03-31GlobalConsumer Healthcare — Adams confectionery products businessother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sold to Cadbury Schweppes plc for $4.2 billion cash in March 2003; associated headcount not disclosed.
2003-09-28divestiture_reductioncompleted2003-03-31GlobalConsumer Healthcare — Schick-Wilkinson Sword shaving products businessother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sold to Energizer Holdings, Inc. for $930 million cash in March 2003; associated headcount not disclosed. Additional product-line divestitures in 2003 (femhrt, Estrostep, Loestrin, Cortaid, darifenacin) also disclosed without headcount figures.
2003-09-28divestiture_reductionannounced2003-07-24GlobalPharmaceutical segment — surgical ophthalmology business (acquired via Pharmacia)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pfizer announced it is exploring strategic options, including possible sale; no headcount or completion timeline disclosed.
2003-09-28divestiture_reductionannounced2003-07-01GlobalOther — Diagnostics business (acquired via Pharmacia)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pfizer announced it is exploring strategic options, including possible sale; no headcount or completion timeline disclosed.
2003-09-28restructuringin_progress8,067GlobalAdministrative functions for corporate, manufacturing, distribution, sales and researchUSD 1,268 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Approved reduction of continuing businesses workforce. 7,697 employees terminated as of Sept 28, 2003.
2003-09-28restructuringin_progress865GlobalAdministrative functions for corporate, manufacturing, distribution, sales and researchUSD 76 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Approved reduction of legacy Pfizer workforce. 706 employees terminated as of Sept 28, 2003.
2003-09-28restructuringin_progress9,425GlobalCorporate, manufacturing, distribution, sales and researchUSD 1,065 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Approved reduction of legacy Pharmacia workforce. 8,271 employees terminated as of Sept 28, 2003. Costs capitalized as part of acquisition.
2003-09-28restructuringin_progress8,0672000-06-19GlobalCorporate, manufacturing, distribution, sales and researchUSD 1,268 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approved reduction of continuing businesses workforce. 7,697 employees terminated as of Sept 28, 2003. Includes change-in-control provisions.
2003-09-28restructuringin_progress8652003-04-16GlobalCorporate, manufacturing, distribution, sales and researchUSD 76 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approved reduction of legacy Pfizer workforce. 706 employees terminated as of Sept 28, 2003. Costs expensed in 2003.
2003-09-28restructuringin_progress9,4252003-04-16GlobalCorporate, manufacturing, distribution, sales and researchUSD 1,065 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approved reduction of legacy Pharmacia workforce. 8,271 employees terminated as of Sept 28, 2003. Costs capitalized as part of acquisition goodwill.
2003-06-29restructuringin_progress8,3562000-06-19Corporate, manufacturing, distribution, sales and research (administrative functions)USD 1,273 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Cumulative employee termination provisions of $1,273M since 2000; 7,845 employees terminated as of 2003-06-29; $12M reserve remaining. $4M provision in first six months of 2003.
2003-06-29restructuringin_progress5732003-04-16Legacy Pfizer — corporate, manufacturing, distribution, sales and research (administrative functions)USD 52 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Q2 2003 charge of $52M: $43M employee termination, $2M asset impairments, $7M other. 463 of 573 employees terminated as of 2003-06-29; $38M reserve remaining.
2003-06-29restructuringin_progress6,0502003-04-16Legacy Pharmacia — corporate, manufacturing, distribution, sales and researchUSD 767 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Costs capitalized as cost of the Pharmacia acquisition under EITF 95-3 and recorded as an increase to goodwill: $669M employee termination, $6M asset impairments, $50M relocation, $42M other. 4,640 of 6,050 employees terminated as of 2003-06-29; $575M reserve remaining.
2003-06-29acquisition_additioncompleted2002-07-152003-04-16Pharmacia CorporationUSD 55,962 (millions)business_combinations_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Acquisition of Pharmacia completed 2003-04-16 for approximately $56 billion in stock; headcount added not quantified in the filing.
2003-06-29divestiture_reductioncompleted2003-03-312003-03-31Consumer Healthcare — Adams confectionery; Schick-Wilkinson Sword shavingother
f5-10q / GLM-5.3-flash-fp4-HTML
Adams sold to Cadbury Schweppes for $4.2B; Schick-Wilkinson Sword sold to Energizer for $930M. Headcount removed not quantified.
2003-06-29divestiture_reductioncompleted2003-04-302003-04-30Pharmaceutical — femhrt, Estrostep, Loestrin product linesother
f5-10q / GLM-5.3-flash-fp4-HTML
femhrt and oral contraceptives Estrostep/Loestrin sold to Galen Holdings plc. Headcount removed not quantified.
2003-06-29restructuringin_progress8,3562000-06-19Administrative functions across corporate, manufacturing, distribution, sales and researchUSD 4 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approved workforce reduction of 8,356 since the June 2000 Warner-Lambert merger; 7,845 employees terminated as of 2003-06-29. $4M provision in the six months ended 2003-06-29; cumulative provisions $1,471M with $12M reserve remaining. Includes $218M deferred severance in other noncurrent liabilities.
2003-06-29restructuringin_progress573Administrative functions across corporate, manufacturing, distribution, sales and research (legacy Pfizer)USD 52 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Plans approved and initiated during Q2 2003 to eliminate duplicative facilities; 463 of 573 notified employees terminated as of 2003-06-29. Charge comprises $43M employee termination, $2M asset impairments, $7M other; $38M reserve remaining. Announcement date not specified beyond Q2 2003.
2003-06-29restructuringin_progress6,0502003-04-16Corporate, manufacturing, distribution, sales and research (legacy Pharmacia)USD 767 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
4,640 of 6,050 notified legacy Pharmacia employees terminated as of 2003-06-29. $767M of costs recognized as a liability assumed in the purchase business combination and recorded as an increase to goodwill (EITF 95-3), not expensed; $575M reserve remaining. Includes $50M relocation and $42M other exit costs.
2003-06-29acquisition_additioncompleted2003-04-16business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Pharmacia Corporation closed 2003-04-16 for ~$56 billion; no headcount added disclosed. Only about 1.5 months of Pharmacia international and 2.5 months of U.S. results are consolidated in the quarter.
2003-06-29restructuringin_progress5732003-04-16GlobalAdministrative functions for corporate, manufacturing, distribution, sales and researchUSD 52 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Legacy Pfizer workforce reduction approved in Q2 2003. 463 employees terminated as of June 29, 2003. Includes severance, facility vacating, and contract termination costs.
2003-06-29restructuringin_progress6,0502003-04-16GlobalCorporate, manufacturing, distribution, sales and researchUSD 767 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Legacy Pharmacia workforce reduction capitalized as acquisition cost. 4,640 employees terminated as of June 29, 2003. Includes relocation costs.
2003-06-29restructuringin_progress8,3562000-06-19GlobalAdministrative functions for corporate, manufacturing, distribution, sales and researchUSD 4 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Warner-Lambert merger restructuring. 7,845 employees terminated as of June 29, 2003. Charge represents remaining provisions for the period.
2003-06-29restructuringin_progress8,3562000-06-19GlobalCorporate, manufacturing, distribution, sales and researchUSD 1,273 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approved reduction of continuing businesses workforce. 7,845 employees terminated as of June 29, 2003. Charge represents total employee termination costs provision.
2003-06-29restructuringin_progress5732003-04-16GlobalCorporate, manufacturing, distribution, sales and researchUSD 43 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approved reduction of legacy Pfizer workforce. 463 employees terminated as of June 29, 2003. Charge represents employee termination costs provision.
2003-06-29restructuringin_progress6,0502003-04-16GlobalCorporate, manufacturing, distribution, sales and researchUSD 669 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approved reduction of legacy Pharmacia workforce. 4,640 employees terminated as of June 29, 2003. Costs capitalized as part of acquisition purchase price allocation.
2003-03-30restructuringin_progress8,0672000-06-19Continuing businesses - mainly administrative functions for corporate, manufacturing, distribution, sales and researchUSD 1,272 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Approved workforce reduction of 8,067 people under Warner-Lambert merger restructuring; cumulative employee termination cost provisions of $1,272 million through Q1 2003, of which $1,246 million utilized and $26 million reserve remaining at March 30, 2003. As of March 30, 2003, 7,332 employees had been terminated. Q1 2003 provision was $3 million.
2003-03-30acquisition_additioncompleted2002-07-152003-04-16USD 56,000 (millions)subsequent_events
f5-10q / GLM-5.3-flash-fp4-HTML
Pfizer completed acquisition of Pharmacia Corporation on April 16, 2003 in a stock-for-stock transaction with total purchase price of approximately $56 billion; no headcount figures disclosed.
2003-03-30divestiture_reductioncompleted2003-03-312003-03-31Consumer Products segment - Adams confectionery businessUSD 4,200 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Adams confectionery business sold to Cadbury Schweppes plc for $4.2 billion; gain of $3,091 million pre-tax ($1,824 million net of tax). No headcount disclosed.
2003-03-30divestiture_reductioncompleted2003-03-312003-03-31Consumer Products segment - Schick-Wilkinson Sword shaving products businessUSD 930 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Schick-Wilkinson Sword shaving products business sold to Energizer Holdings, Inc. for $930 million; gain of $462 million pre-tax ($262 million net of tax). No headcount disclosed.
2003-03-30divestiture_reductioncompleted2003-03-272003-03-27Pharmaceutical segment - Estrostep and Loestrin oral contraceptivesUSD 197 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Estrostep and Loestrin sold to Galen Holdings plc on March 27, 2003 for $197 million cash plus up to $55.6 million contingent; gain of $193 million pre-tax ($116 million net of tax). No headcount disclosed.
2003-03-30divestiture_reductionannounced2003-03-312003-04-17Pharmaceutical segment - femhrt hormone replacement therapyUSD 162 (millions)subsequent_events
f5-10q / GLM-5.3-flash-fp4-HTML
Sale of femhrt to Galen Holdings plc for $162 million cash plus up to $69.6 million contingent, completed April 17, 2003 contingent on Pharmacia acquisition; to be recognized in Q2 2003 results. No headcount disclosed.
2003-03-30restructuringin_progress8,067Corporate, manufacturing, distribution, sales and research (administrative functions)USD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cumulative program since the June 2000 Warner-Lambert merger: approved workforce reduction of 8,067; 7,332 employees terminated as of 2003-03-30. Q1 2003 provision of $3M for employee termination costs; remaining reserve of $26M. Deferred severance benefits of $218M classified as utilized charges.
2003-03-30acquisition_additioncompleted2002-07-152003-04-16GlobalPharmacia Corporation (consolidated)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Stock-for-stock acquisition completed 2003-04-16; approximately 1.8 billion Pfizer shares issued at an average price of $29.81; total purchase price approximately $56 billion. No headcount added disclosed. Pharmacia results included prospectively from 2003-04-16. Q1 2003 pre-integration costs of $80M recorded.
2003-03-30divestiture_reductioncompleted2003-032003-03-31United StatesConsumer Products — Adams confectionery businessother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sold to Cadbury Schweppes plc for $4.2 billion cash; gain of $3,091M ($1,824M net of tax) recognized in Q1 2003. Proceeds received 2003-03-31. No headcount removed disclosed.
2003-03-30divestiture_reductioncompleted2003-032003-03-31United StatesConsumer Products — Schick-Wilkinson Sword shaving products businessother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sold to Energizer Holdings, Inc. for $930 million cash; gain of $462M ($262M net of tax) recognized in Q1 2003. No headcount removed disclosed.
2003-03-30divestiture_reductioncompleted2003-032003-04-17United StatesPharmaceutical — women's health products (Estrostep, Loestrin, femhrt)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreed sale to Galen Holdings plc for $359 million. Estrostep and Loestrin completed 2003-03-27 for $197M (gain $193M pre-tax, $116M net of tax); femhrt completed 2003-04-17 for $162M, to be recognized in Q2 2003. No headcount removed disclosed.
2003-03-30restructuringin_progress3GlobalCorporate, manufacturing, distribution, sales and researchUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Part of ongoing Warner-Lambert merger integration. Total approved reduction of 8,067 people; 7,332 terminated as of March 30, 2003. The 3 million charge represents incremental costs incurred in Q1 2003.
2003-03-30divestiture_reductioncompleted2003-03-312003-03-31GlobalConsumer Productsdiscontinued_operations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Sale of Adams confectionery products business to Cadbury Schweppes. Employee count not disclosed.
2003-03-30divestiture_reductioncompleted2003-03-312003-03-31GlobalConsumer Productsdiscontinued_operations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Sale of Schick-Wilkinson Sword shaving products business to Energizer Holdings. Employee count not disclosed.
2003-03-30divestiture_reductioncompleted2003-03-272003-03-27GlobalPharmaceuticaldiscontinued_operations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Sale of Estrostep and Loestrin to Galen Holdings. Employee count not disclosed.
2003-03-30restructuringin_progress8,067GlobalCorporate, manufacturing, distribution, sales and researchUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Cumulative approved reduction of 8,067 people since Warner-Lambert merger (2000). 7,332 terminated as of March 30, 2003. $3M charge recorded in Q1 2003.
2003-03-30divestiture_reductioncompleted2003-03-312003-03-31GlobalConsumer Productsdiscontinued_operations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sold Adams confectionery products business to Cadbury Schweppes. Headcount not disclosed.
2003-03-30divestiture_reductioncompleted2003-03-312003-03-31GlobalConsumer Productsdiscontinued_operations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sold Schick-Wilkinson Sword shaving products business to Energizer Holdings. Headcount not disclosed.
2003-03-30divestiture_reductioncompleted2003-03-272003-03-27GlobalPharmaceuticaldiscontinued_operations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sold oral contraceptives Estrostep and Loestrin to Galen Holdings. Headcount not disclosed.
2002-12-31restructuringin_progress7,9612000-06-19GlobalContinuing businesses — mainly administrative functions across corporate, manufacturing, distribution, sales and researchUSD 187 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Headcount is cumulative through fiscal year-end: 7,961 approved terminations, of which 7,321 employees had been terminated as of 2002-12-31. Program began with the June 2000 Warner-Lambert merger (announcement date reflects merger completion date; charges first recorded in 2000). Fiscal 2002 charges of $187 million include $170 million employee termination (severance) costs, $4 million property/plant/equipment and $13 million other; cumulative program charges $1,467 million with $32 million reserve remaining at year-end. Filer states Warner-Lambert transaction costs are essentially complete.
2002-12-31acquisition_additionannounced2002-07-152003-04GlobalPharmaceutical — human pharmaceuticals, animal health and consumer healthcare businesses of Pharmacia to be addedbusiness_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Stock-for-stock acquisition valued at approximately $60 billion at agreement date; roughly 2 billion Pfizer shares to be issued plus preferred exchange. Headcount impact not quantified in the filing. In 2002, ~$33 million of transaction costs were deferred and ~$98 million of pre-integration costs expensed. FTC staff review completed and consent decree pending as of filing date; closing anticipated in April 2003.
2002-12-31divestiture_reductioncompleted2002-122002-12Not specifiedConsumer Products segment — Tetra fish-care products businessdiscontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Sold to the Triton Fund in December 2002 for $238.5 million cash; pre-tax gain of $117 million ($77 million net of tax) recognized in 2002. Headcount transferred with the business not disclosed.
2002-12-31divestiture_reductionannounced2002-122003-06Not specifiedConsumer Products segment — Adams confectionery products businessdiscontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
December 2002 agreement to sell to Cadbury Schweppes plc for $4.2 billion cash; expected to close in the first half of 2003 subject to regulatory approvals (completion date shown as end of first half). Headcount not disclosed.
2002-12-31divestiture_reductionannounced2003-012003-06Not specifiedConsumer Products segment — Schick-Wilkinson Sword shaving products businesssubsequent_events
f5-10k / GLM-5.3-flash-HTML
Subsequent event: January 2003 agreement to sell to Energizer Holdings Inc. for $930 million cash; expected to close in the first half of 2003. Headcount not disclosed.
2002-12-31divestiture_reductionannounced2003-032003-06Not specifiedPharmaceutical segment — femhrt hormone-replacement therapy and Loestrin and Estrostep contraceptives product linessubsequent_events
f5-10k / GLM-5.3-flash-HTML
Subsequent event: March 2003 agreement; sale price of $359 million cash plus up to $125 million contingent on market exclusivity of femhrt and Estrostep; expected to close in the first half of 2003. Headcount not disclosed.
2002-12-31restructuringin_progress7,961GlobalContinuing businesses — mainly administrative functions for corporate, manufacturing, distribution, sales and researchUSD 170 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Approved workforce reduction of 7,961 through 2002-12-31 is cumulative since the June 2000 Warner-Lambert merger, not FY2002-only; 7,321 employees had actually been terminated as of 2002-12-31. Charge shown is the FY2002 employee termination provision ($170M of $187M total FY2002 restructuring provision).
2002-12-31divestiture_reductioncompleted2002-12-312002-12-31GlobalConsumer Products — Tetra fish-care products businessdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sold to the Triton Fund for $238.5 million cash in December 2002; no headcount disclosed.
2002-12-31divestiture_reductionannounced2002-12-312003-06-30GlobalConsumer Products — Adams confectionery products businessdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell to Cadbury Schweppes for $4.2 billion cash signed December 2002; expected to close first half of 2003; no headcount disclosed.
2002-12-31divestiture_reductionannounced2003-01-312003-06-30GlobalConsumer Products — Schick-Wilkinson Sword shaving products businesssubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell to Energizer Holdings for $930 million cash signed January 2003 (after fiscal year-end); no headcount disclosed.
2002-12-31divestiture_reductionannounced2003-03-312003-06-30GlobalPharmaceutical — women's health product lines (femhrt, Loestrin, Estrostep)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell for $359 million cash plus up to $125 million contingent, signed March 2003 (after fiscal year-end); no headcount disclosed.
2002-12-31acquisition_additionannounced2002-07-152003-04-30GlobalPharmacia Corporation — enterprise-widebusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Stock-for-stock merger valued at approximately $60 billion announced 2002-07-15; approximately 2 billion Pfizer shares to be issued; no Pharmacia headcount disclosed. FY2002 pre-integration costs of $98 million expensed in Merger-related costs.
2002-12-31restructuringcompleted7,961GlobalAdministrative functions for corporate, manufacturing, distribution, sales and researchUSD 187 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Approved reduction of workforce of continuing businesses by 7,961 people. As of Dec 31, 2002, 7,321 employees had been terminated. Charge relates to Warner-Lambert merger integration.
2002-12-31restructuringcompleted7,9612002-12-31GlobalAdministrative functions for corporate, manufacturing, distribution, sales and researchUSD 187 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Approved reduction of workforce in continuing businesses. 7,321 employees terminated as of Dec 31, 2002. Charge relates to Warner-Lambert merger integration.
2002-09-29restructuringin_progress7,6112000-06-192003-09-29Corporate, manufacturing, distribution, sales and research administrative functionsUSD 1,231 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Approved reduction of workforce by 7,611 people following the June 2000 Warner-Lambert merger; 7,394 employees terminated as of September 29, 2002, with remaining terminations to be completed by September 29, 2003. Employee termination cost provisions of $876M (2000), $258M (2001) and $97M (nine months 2002); $1,166M utilized through September 29, 2002, leaving a $65M reserve.
2002-09-29divestiture_reductionannounced2002-11-052002-12-31Tetra aquarium and pond supplies business (Consumer Products segment)subsequent_events
f5-10q / GLM-5.3-flash-fp4-HTML
Agreement to sell the Tetra business for $238.5 million to The Triton Fund; sale subject to regulatory approvals and expected to close by year-end 2002. No headcount impact quantified.
2002-09-29restructuringin_progress7,6112000-06-192003-09-29GlobalAdministrative functions across corporate, manufacturing, distribution, sales and researchUSD 108 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approved workforce reduction of 7,611 tied to the Warner-Lambert merger; 7,394 employees terminated as of 2002-09-29, remainder to be completed by 2003-09-29. Nine-month 2002 restructuring provisions of $108M comprise $97M employee termination, $11M other; total provisions since inception $1,427M with $69M reserve remaining. No total-company headcount is disclosed in the filing, so the implied percent of workforce cannot be validated.
2002-09-29divestiture_reductionannounced2002-11-052002-12-31GlobalConsumer Products — Tetra aquarium and pond supplies businessUSD 239 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell Tetra to The Triton Fund for $238.5M, subject to regulatory approvals; no associated headcount figure disclosed. Post-quarter event.
2002-09-29otherannounced2002-07-152003-03-31GlobalEnterprise (Pharmacia Corporation merger)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Stock-for-stock merger valued at approximately $60 billion, involving issuance of roughly 2 billion Pfizer shares; targeted close by year-end 2002 or early Q1 2003. No acquisition-related headcount addition is disclosed.
2002-09-29otherannounced2002-06-27GlobalConsumer Products — Adams confectionery and Schick-Wilkinson Sword shaving businessesother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Company announced it is exploring strategic options, including possible sale, for these businesses; no headcount impact quantified.
2002-09-29restructuringin_progress7,6112000-06-192003-09-29GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 1,231 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Approved reduction of workforce by 7,611 people. As of Sept 29, 2002, 7,394 employees terminated. Remaining terminations expected by Sept 29, 2003. Total provisions for employee termination costs were $1,231 million.
2002-09-29restructuringin_progress7,6112000-06-192003-09-29GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 108 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Warner-Lambert merger integration. 7,394 employees terminated as of Sept 29, 2002. Remaining 217 to be terminated by Sept 29, 2003. $108M restructuring charge incurred in first nine months of 2002.
2002-06-30restructuringin_progress7,5602003-06-30Corporate, manufacturing, distribution, sales and research administrative functionsUSD 1,221 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Cumulative program since 2000 merger: approved workforce reduction of 7,560 people; 7,290 terminated as of 2002-06-30, remaining terminations to be completed by June 30, 2003. Employee termination cost provisions total $1,221M ($876M in 2000, $258M in 2001, $87M in six months ended 2002-06-30); $1,132M utilized, $89M reserve remaining at quarter-end.
2002-06-30restructuringin_progressUSD 94 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Restructuring charges of $94M in the first six months of 2002 ($57M in Q2 2002), comprising employee termination costs of $87M and other charges of $7M (contract termination payments, facility closure costs, asset write-offs).
2002-06-30restructuringin_progress7,5602000-06-192003-06-30GlobalAdministrative functions for corporate, manufacturing, distribution, sales and researchUSD 94 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Warner-Lambert merger program. Approved workforce reduction of 7,560; 7,290 terminated as of 2002-06-30, remainder to be completed by 2003-06-30. Charge shown is six-months-2002 restructuring provisions ($87M employee termination, $7M other); reserve at 2002-06-30 was $93M. Program announced at merger completion.
2002-06-30acquisition_additionannounced2002-07-152002-12-31Globalsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Stock-for-stock merger with Pharmacia Corporation valued at approximately $60 billion; expected to close by year-end 2002 subject to approvals. No headcount added disclosed.
2002-06-30divestiture_reductionannounced2002-06-27GlobalAdams confectionery business; Schick-Wilkinson Sword shaving products businesssubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Board announced exploration of strategic options, including possible sale, for the Adams and Schick-Wilkinson Sword businesses. No affected-employee count disclosed.
2002-06-30divestiture_reductionannouncedGlobalTetra aquarium and pond supplies businesssubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Strategic options including possible sale announced earlier in 2002; exact announcement date not stated in filing. No affected-employee count disclosed.
2002-06-30restructuringin_progress7,5602000-06-192003-06-30GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 1,221 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Approved reduction of workforce by 7,560 people. As of June 30, 2002, 7,290 employees were terminated. Remaining terminations expected by June 30, 2003. Total employee termination costs provisioned: $1,221 million.
2002-06-30restructuringin_progress7,5602000-06-192003-06-30GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 87 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approved reduction of workforce by 7,560 people mainly comprising administrative functions. As of June 30, 2002, 7,290 employees were terminated. Remaining personnel terminations expected by June 30, 2003. $87 million employee termination costs incurred in six months ended June 30, 2002.
2002-03-31restructuringin_progress7,0182003-03-31Corporate, manufacturing, distribution, sales and research administrative functionsUSD 1,166 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Warner-Lambert merger restructuring: approved workforce reduction of 7,018 people; cumulative employee termination cost provision of $1,166 million since inception; 6,733 employees terminated as of 2002-03-31, remaining terminations to be completed by March 31, 2003.
2002-03-31restructuringin_progressUSD 32 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Q1 2002 employee termination cost provision within Warner-Lambert merger restructuring charges.
2002-03-31restructuringin_progressUSD 37 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Total Q1 2002 restructuring charges: employee termination costs $32M plus other charges $5M (contract termination payments, facility closure costs, asset write-offs).
2002-03-31restructuringin_progress2002-12-31USD 72 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Q1 2002 integration costs for the Warner-Lambert merger, including consulting and systems integration expenditures. Company anticipates total merger-related costs through 2002 of about $2.6 billion.
2002-03-31restructuringin_progress7,0182003-03-31GlobalAdministrative functions across corporate, manufacturing, distribution, sales and researchUSD 37 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Warner-Lambert merger integration program. Approved workforce reduction of 7,018 employees; 6,733 terminated as of 2002-03-31, remainder to be completed by 2003-03-31. Q1 2002 restructuring charge of $37M ($32M employee termination, $5M other); cumulative program provisions of $1,356M through 2002-03-31 with $85M reserve remaining. Q1 2002 also included $72M of integration costs (total merger-related costs $109M). Deferred severance benefits of $216M classified as utilized and recorded in Other noncurrent liabilities.
2002-03-31divestiture_reductionannounced2002-03GlobalConsumer Products — Tetra aquarium and pond supplies divisionsubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Company announced it is exploring strategic options for the Tetra division, including a possible sale. No headcount or charge quantified in the filing.
2002-03-31restructuringin_progress7,0182003-03-31GlobalCorporate, manufacturing, distribution, sales and researchUSD 37 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Approved reduction of workforce by 7,018 people. As of March 31, 2002, 6,733 employees were terminated. Remaining terminations expected by March 31, 2003. $37 million charge in Q1 2002 for employee termination costs.
2002-03-31restructuringin_progress7,0182003-03-31GlobalCorporate, manufacturing, distribution, sales and researchUSD 32 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approved reduction of workforce by 7,018 people. As of March 31, 2002, 6,733 employees were terminated. Remaining terminations to be completed by March 31, 2003. Q1 2002 charge of $32 million for employee termination costs.
2001-12-31restructuringin_progress6,691Administrative functions across corporate, manufacturing, distribution, sales and researchUSD 258 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Cumulative approved work-force reduction of 6,691 through fiscal year-end tied to Warner-Lambert merger integration (program provisions began in 2000); 6,338 employees terminated as of 2001-12-31, remainder to be terminated within one year of notification. FY2001 employee-termination provision was $258M (cumulative provisions $1,134M); total FY2001 restructuring charges of $372M also include $84M property, plant and equipment and $30M other. Employee termination costs include change-in-control provisions of certain Warner-Lambert employment contracts; deferred severance benefits of $215M at 2001-12-31.
2001-12-31restructuringin_progress6,6912002-12-31WorldwideAdministrative functions for corporate, manufacturing, distribution, sales and researchUSD 1,134 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cumulative approved workforce reduction of 6,691 under Warner-Lambert merger restructuring; 6,338 terminated as of 2001-12-31, remainder to be completed within one year of notification. Employee termination costs provisions totaled $1,134M cumulative ($258M in 2001, $876M in 2000); $97M reserve remained at year-end. Severance benefits deferred for future payment were $215M at 2001-12-31.
2001-12-31divestiture_reductioncompletedAnimal Health — feed-additive product linesUSD 85 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Feed-additive product lines sold to Phibro Animal Health in November 2000 for $45M cash plus a $23M note; $85M loss recorded in Other income — net. Headcount not disclosed.
2001-12-31divestiture_reductioncompletedConsumer Products — Barbasol shaving cream brandItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Barbasol shaving cream brand sold to Perio Inc. in 2001; headcount not disclosed.
2001-12-31otherannounced2002-03-04Consumer Products — Tetra fish productsItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Post-fiscal-year-end announcement (2002-03-04) that Pfizer is exploring strategic options for Tetra, including possible sale; headcount not disclosed.
2001-12-31restructuringcompleted6,6912000-06-192002-12-31GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 1,319 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Approved reduction of workforce by 6,691 people mainly comprising administrative functions. As of Dec 31, 2001, 6,338 employees were terminated. Remaining personnel to be terminated within one year of notification. Total provisions through 2001 were $1,319 million.
2001-12-31restructuringin_progress6,6912000-06-192002-12-31WorldwideCorporate, manufacturing, distribution, sales, and researchUSD 839 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Approved reduction of workforce by 6,691 people related to Pfizer/Warner-Lambert merger. As of Dec 31, 2001, 6,338 terminated. Remaining to be terminated within one year of notification. Total merger-related costs anticipated through 2002 are about $2.4 billion.
2001-09-30restructuringin_progress6,2202000-06-19Corporate, manufacturing, distribution, sales and research administrative functionsUSD 1,058 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Approved reduction of 6,220 positions tied to the Warner-Lambert merger; 5,858 employees terminated as of 2001-09-30, with remaining terminations to be completed within one year of notification. Total employee termination charges of $1,058M ($876M in 2000, $182M in the nine months ended 2001-09-30, including $18M in Q3 2001); reserve of $138M at 2001-09-30.
2001-09-30restructuringin_progress2000-06-19Facilities and fixed assetsUSD 109 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Impairment and disposal charges through 2001-09-30 for consolidation of facilities and related fixed assets, a contract termination payment, and termination of certain software installation projects; $23M charged in Q3 2001. Fully utilized, no remaining reserve.
2001-09-30restructuringin_progress2000-06-19OtherUSD 39 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Other restructuring charges since merger inception of $39M, comprising contract termination payments ($28M), facility closure costs ($4M), and asset write-offs including inventory and intangibles ($7M); reserve of $9M at 2001-09-30.
2001-09-30restructuringin_progress6,2202000-06-19GlobalAdministrative functions across corporate, manufacturing, distribution, sales and researchUSD 182 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Warner-Lambert merger integration program. Approved workforce reduction of 6,220 positions; 5,858 employees terminated as of 2001-09-30, with remaining terminations to be completed within one year of notification. Charge shown is nine-months 2001 employee termination cost; cumulative program charge through 2001-09-30 was $1,058M with a $138M reserve remaining. Program announced following the 2000-06-19 merger completion; no separate announcement date disclosed.
2001-09-30divestiture_reductioncompleted2001-07-01United StatesConsumer Products — Shaving ProductsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Barbasol shaving cream brand sold to Perio Inc. during the third quarter of 2001; no associated headcount disclosed. Announcement date recorded as quarter start because only the quarter of sale is stated.
2001-09-30restructuringin_progress6,220GlobalAdministrative functions for corporate, manufacturing, distribution, sales and researchUSD 1,058 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Approved reduction of workforce by 6,220 people. As of Sept 30, 2001, 5,858 employees were terminated. Remaining terminations to be completed within one year of notification. Total employee termination costs charged since inception of merger: $1,058 million.
2001-09-30restructuringin_progress6,2202000-06-192002-09-30GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 182 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approved reduction of workforce by 6,220 people mainly comprising administrative functions. As of Sept 30, 2001, 5,858 employees were terminated. Remaining terminations to be completed within one year of notification. Charge represents employee termination costs incurred in the nine months ended Sept 30, 2001.
2001-07-01reduction_in_forcein_progress6,0592000-06-19Corporate, manufacturing, distribution, sales and research administrative functionsUSD 61 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Approved workforce reduction of 6,059 tied to Warner-Lambert merger integration; 5,627 employees terminated as of July 1, 2001, remainder to be completed within one year of notification. Cumulative employee termination charges of $1,040 million ($164 million in the six months ended July 1, 2001); $61 million charged in Q2 2001. Reserve of $222 million at July 1, 2001; deferred severance benefits of $206 million included in other noncurrent liabilities.
2001-07-01restructuringin_progress2000-06-19Facilities and fixed assets consolidationUSD 6 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Impairment and disposal charges for consolidation of facilities and related fixed assets, a contract termination payment, and termination of software installation projects; $6 million charged in Q2 2001 and $40 million in the six months ended July 1, 2001, within cumulative charges of $86 million fully utilized.
2001-07-01restructuringin_progress2000-06-19Contract terminations and asset write-offsUSD 1 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Other restructuring charges of $1 million in Q2 2001 ($8 million in the six months ended July 1, 2001) for contract termination payments and write-offs of inventory and intangible assets; cumulative other charges of $33 million since merger inception, with $14 million reserve remaining.
2001-07-01restructuringin_progress6,059Administrative functions across corporate, manufacturing, distribution, sales and researchUSD 164 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Warner-Lambert merger integration program. Approved workforce reduction of 6,059 positions; 5,627 employees terminated as of 2001-07-01, with remaining terminations to be completed within one year of notification. Charge shown is employee termination charges for the six months ended 2001-07-01; cumulative employee termination charges since program inception were $1,040M (2000: $876M), utilization through 2001-07-01 was $818M, leaving a $222M reserve. Announcement date not stated; program stems from the 2000-06-19 merger. Deferred severance benefits of $206M included in Other noncurrent liabilities.
2001-07-01restructuringin_progressProperty, plant and equipment — facility consolidationUSD 40 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Facility consolidation and related fixed asset impairment/disposal charges for the six months ended 2001-07-01, including a contract termination payment and termination of certain software installation projects. Cumulative charges $86M, fully utilized through 2001-07-01. No employee count disclosed for this component; no reserve remaining.
2001-07-01restructuringin_progress6,059GlobalCorporate, manufacturing, distribution, sales and researchUSD 212 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Approved reduction of workforce by 6,059 people. As of July 1, 2001, 5,627 employees were terminated. Remaining terminations to be completed within one year of notification. Charges for the six months ended July 1, 2001 were $212 million.
2001-07-01restructuringin_progress6,0592000-06-192002-07-01GlobalAdministrative, manufacturing, distribution, sales, researchUSD 212 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approved reduction of workforce by 6,059 people. As of July 1, 2001, 5,627 employees were terminated. Remaining terminations expected within one year of notification. Charge represents six months ended July 1, 2001.
2001-04-01restructuringin_progress5,6242000-06-19Corporate, manufacturing, distribution, sales and research administrative functionsUSD 876 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Approved workforce reduction of 5,624 people tied to the Warner-Lambert merger (June 2000); year-2000 employee termination charge of $876 million. As of April 1, 2001, 4,940 employees had been terminated; remaining terminations to be completed within one year of notification. Q1 2001 additional employee termination charge of $103 million; reserve of $276 million at April 1, 2001.
2001-04-01restructuringin_progress2000-06-19USD 143 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Q1 2001 restructuring charges of $143 million comprise employee termination costs ($103 million), property, plant and equipment impairment/disposal ($34 million) and other charges ($6 million). Total restructuring charges since merger inception: $947 million; reserve at April 1, 2001: $288 million.
2001-04-01restructuringin_progress2000-06-19USD 127 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Q1 2001 integration costs of $127 million for external, incremental costs directly related to the Warner-Lambert merger, including consulting and systems integration. Additional restructuring and integration charges expected in future periods; integration-related synergies of about $270 million achieved in Q1 2001.
2001-04-01restructuringin_progress5,6242000-06-19GlobalAdministrative, manufacturing, distribution, sales and research functionsUSD 143 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Warner-Lambert merger integration program. Approved workforce reduction of 5,624; 4,940 employees terminated as of 2001-04-01, remainder to be completed within one year of notification. Q1 2001 charges: $103M employee termination, $34M property/plant/equipment, $6M other. Reserve at 2001-04-01 was $288M ($276M employee termination, $12M other); cumulative utilization $802M. Announcement date reflects merger close; filer does not state a separate program announcement date. Additional integration costs of $127M (consulting, systems) incurred in Q1 2001 are non-headcount.
2001-04-01restructuringin_progress5,6242002-04-01WorldwideAdministrative functions for corporate, manufacturing, distribution, sales and researchUSD 143 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Approved reduction of workforce by 5,624 people. As of April 1, 2001, 4,940 employees were terminated. Remaining terminations to be completed within one year of notification. Includes employee termination costs of $103 million for the quarter.
2001-04-01restructuringin_progress5,6242002-04-01WorldwideAdministrative functions for corporate, manufacturing, distribution, sales and researchUSD 103 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Approved reduction of workforce by 5,624 people. As of April 1, 2001, 4,940 employees were terminated. Remaining terminations to be completed within one year of notification. $103 million charge in Q1 2001 for employee termination costs.
2000-12-31restructuringin_progress5,0612000-06-192001-12-31GlobalAdministrative functions across corporate, manufacturing, distribution, sales and researchUSD 947 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Approved workforce reduction of 5,061 tied to the Warner-Lambert merger; 3,942 employees terminated as of 2000-12-31, remainder to be completed within one year of notification. Of the $947M restructuring charge, $876M is employee termination costs; $177M of severance benefits deferred for future payment. Cumulative through fiscal year-end since program inception.
2000-12-31acquisition_additioncompleted2000-06-192000-06-19GlobalAll segmentsbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Merger completed 2000-06-19; approximately 2,440 million Pfizer shares issued for all outstanding Warner-Lambert common stock. Headcount added through the acquisition is not disclosed.
2000-12-31divestiture_reductioncompleted2000-11-302000-11-30GlobalAnimal Health — feed-additives product lineUSD 85 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Feed-additive product line sold to Phibro Animal Health (Philipp Brothers Chemicals) for $45M cash plus a $23M promissory note; $85M loss recorded in Other (income)/deductions—net. Associated headcount not disclosed.
2000-12-31divestiture_reductioncompleted2000-06-302000-06-30United StatesConsumer Products — Rid lice-control product lineMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Rid line sold to Bayer Corporation for approximately $89M cash, generating a pre-tax gain of approximately $78M. Associated headcount not disclosed.
2000-12-31restructuringin_progress5,0612001-12-31GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 947 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Approved reduction of workforce by 5,061 people mainly comprising administrative functions. As of Dec 31, 2000, 3,942 employees were terminated. Remaining terminations to be completed within one year of notification. Charge represents restructuring portion of merger-related costs.
2000-10-01restructuringin_progress2,9472000-06-192001-10-01Corporate, manufacturing, distribution, sales and research (administrative functions)USD 582 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Workforce reduction of 2,947 people tied to the Warner-Lambert merger; notifications made and 2,044 terminated as of Oct 1, 2000, with remaining terminations to be completed within a year of notification. Nine-month charge of $582M for accrued severance and change-in-control costs; $292M utilized, $290M reserve remaining at quarter-end. Third-quarter charge was $409M.
2000-10-01restructuringin_progress2000-06-19Warner-Lambert facilitiesUSD 13 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Consolidation of facilities and related fixed assets, a contract termination payment, and termination of a software installation project at certain Warner-Lambert locations; nine-month charge $13M ($8M in Q3), $8M utilized, $5M reserve remaining.
2000-10-01restructuringin_progress2000-06-19OtherUSD 16 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Contract termination payments of $12M and facility closure costs of $4M; $4M utilized, $12M reserve remaining at Oct 1, 2000. Filer expects additional restructuring charges as the integration continues.
2000-10-01acquisition_additioncompleted2000-06-192000-06-19Warner-Lambert Companybusiness_combinations_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Merger with Warner-Lambert completed June 19, 2000, accounted for as a pooling of interests; approximately 2,440 million Pfizer shares issued. No headcount figures disclosed for the acquired workforce.
2000-10-01divestiture_reductioncompleted2000-06-012000-06-30RID lice-control product line (Consumer Health Care)USD -78 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
RID line sold to Bayer Corporation for approximately $89 million in cash in June 2000, generating a pre-tax gain of about $78 million. Headcount transferred not disclosed.
2000-10-01divestiture_reductionannounced2000-10-02Animal Health feed-additive productsUSD 65 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Agreement announced Oct 2, 2000 to sell Animal Health feed-additive products to Phibro Animal Health (subsidiary of Phillipp Brothers Chemicals, Inc.); pre-tax loss on sale of $65 million recorded in Q3. Effects expected to be immaterial; headcount affected not disclosed.
2000-10-01restructuringin_progress2,9472000-06-19Not specifiedMainly administrative functions for corporate, manufacturing, distribution, sales and researchUSD 582 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Workforce reduction tied to the Warner-Lambert merger; 2,947 positions notified, 2,044 employees terminated as of 2000-10-01, remainder to be completed within a year of notification. Charge shown is nine-month employee termination costs; total nine-month restructuring charges were $611M (incl. $13M PP&E and $16M other). Reserve at period end $307M; nine-month utilization $304M. Announcement date is the merger completion date; no separate announcement date given.
2000-10-01acquisition_additioncompleted2000-06-19GlobalDiversified health care and consumer productsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Merger completed 2000-06-19 via issuance of approximately 2,440 million Pfizer shares, accounted for as a pooling of interests with prior periods restated. Headcount added through the merger is not disclosed.
2000-10-01divestiture_reductionannounced2000-10-02Not specifiedAnimal Health — feed-additive productsUSD 65 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell Animal Health feed-additive products to Phibro Animal Health announced 2000-10-02 (after quarter end); pre-tax loss of $65M recorded in the quarter. Filer states the transaction's effects will not be material; no headcount impact disclosed.
2000-10-01restructuringin_progress2,9472000-06-192001-10-01GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 582 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Reduction of workforce by 2,947 people mainly comprising administrative functions. 2,044 employees terminated as of Oct 1, 2000. Terminations to be completed within a year of notification. Charge includes accrued severance and change-in-control provisions.
2000-10-01restructuringin_progress2,9472000-06-192001-10-01GlobalCorporate, Manufacturing, Distribution, Sales, ResearchUSD 582 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Reduction of workforce mainly comprising administrative functions. Notifications made; 2,044 terminated as of Oct 1, 2000. Remaining to be completed within a year of notification.
2000-07-02restructuringin_progress3382001-07-02Manufacturing, distribution, sales, research and corporateUSD 173 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Workforce reduction of 338 personnel tied to integrating Warner-Lambert; severance accrual includes change-in-control provisions. As of 2000-07-02, 164 employees terminated; remaining terminations to be completed within a year. Reserve of $110 million at quarter-end.
2000-07-02restructuringin_progressWarner-Lambert facilitiesUSD 5 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Charge covers consolidation of facilities and related fixed assets, a contract termination payment, and termination of a software installation project at certain Warner-Lambert locations.
2000-07-02acquisition_additioncompleted2000-06-192000-06-19Warner-Lambertbusiness_combinations_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Pfizer completed merger with Warner-Lambert on June 19, 2000, issuing ~2,440 million shares; accounted for as pooling of interests. Headcount added not quantified in this filing.
2000-07-02restructuringin_progress338Not specifiedManufacturing, distribution, sales, research and corporate personnelUSD 173 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Workforce reduction tied to integrating Warner-Lambert; 164 employees terminated as of 2000-07-02, remainder to be completed within a year. Related restructuring reserve of $111M total ($110M employee termination) after $67M utilization in the six months. Announcement date not disclosed; program associated with the 2000-06-19 merger completion.
2000-07-02acquisition_additioncompletedUnited StatesDiversified health care and consumer productsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Merger with Warner-Lambert completed 2000-06-19 via issuance of approximately 2,440 million Pfizer shares; Warner-Lambert became a wholly owned subsidiary. Headcount added through the merger is not disclosed in this filing.
2000-07-02restructuringin_progress3382000-06-192001-07-02GlobalManufacturing, distribution, sales, research and corporateUSD 178 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Associated with Pfizer-Warner-Lambert merger. 164 employees terminated as of July 2, 2000. Remaining terminations to be completed within a year. Charge includes employee termination costs ($173M) and property/plant/equipment ($5M).
2000-07-02restructuringin_progress3382000-06-192001-07-02GlobalManufacturing, distribution, sales, research and corporateUSD 173 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Associated with merger of Warner-Lambert. 164 employees terminated as of July 2, 2000. Remaining terminations to be completed within a year.
1999-12-31restructuringcompleted5001998GlobalPharmaceutical and Animal Health segments; manufacturing, sales and corporate personnelUSD 40 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Program-level (cumulative) figures for restructuring plans announced in 1998 and substantially completed during fiscal 1999. Workforce reduced by approximately 500 across manufacturing, sales and corporate functions. Employee termination costs of $40M were part of total 1998 restructuring charges of $177M ($90M pharmaceutical segment, $87M animal health segment), with $12M of termination costs utilized in 1998 and $28M in 1999; a further $213M of asset impairments was recorded. The program included exits of certain product lines that reduced 1999 revenues by approximately $41 million.
1999-12-31acquisition_additionannounced2000-02-07GlobalPharmaceutical (combined company)subsequent_events
f5-10k / GLM-5.3-flash-HTML
Proposed merger with Warner-Lambert Company announced after fiscal year-end: Pfizer to exchange 2.75 shares per Warner-Lambert share, a tax-free transaction with equity value of approximately $90 billion; expected to close in mid-2000. Pro forma outlook excludes anticipated restructuring charges and transaction fees of $1.7–$2.2 billion. No headcount figures disclosed for the transaction.
1999-12-31restructuringin_progress1998-01-011999-12-31GlobalManufacturing, sales and corporateUSD 45 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Program announced in 1998; $45M of the $177M total restructuring charge utilized in 1999. Employee termination costs of $28M utilized in 1999. Approximately 500 workforce reduction was associated with the 1998 announcement. Substantially completed during 1999.
1999-12-31divestiture_reductioncompleted1999-10-011999-12-31United StatesConsumer Health Care — Bain de Soleil sun care product lineMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Bain de Soleil sun care product line sold for $26 million in Q4 1999; no headcount impact disclosed
1999-12-31restructuringcompleted50019981999GlobalManufacturing, Sales, CorporateUSD 177 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
In 1999, we substantially completed the actions under the restructuring plans announced in 1998. Workforce reduced by approximately 500 manufacturing, sales and corporate personnel. Charges recorded in 1998 were $177 million.
1999-12-31restructuringcompleted50019981999-12-31GlobalManufacturing, Sales, CorporateUSD 177 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Restructuring plans announced in 1998 substantially completed in 1999. Workforce reduced by approximately 500 personnel.
1999-04-04restructuringin_progress5201998-10-011999-12-31Manufacturing, sales and corporate personnel; animal health and fermentation businessesUSD 177 (millions)restructuring_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
Charges recorded in Q4 1998 for plant and product line rationalizations including exit from certain animal health and fermentation product lines. First quarter 1999 cash outlays were $9 million; reserve at April 4, 1999 was $52 million. Cumulative terminations were 196 at quarter-end (134 at December 31, 1998).
1999-04-04restructuringin_progress5201998-12-311999-12-31Not specifiedManufacturing, sales and corporateUSD 177 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program announced in Q4 1998 covering plant and product line rationalizations, including exits from certain animal health and fermentation product lines. Cumulative terminations were 134 at 1998-12-31 and 196 at 1999-04-04. Reserve remaining at 1999-04-04 was $52 million; $9 million cash outlay in Q1 1999.
1999-04-04restructuringin_progress5201998-10-011999-12-31GlobalManufacturing, Sales, CorporateUSD 177 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Program initiated in Q4 1998. Cumulative terminations were 196 at end of Q1 1999. Includes plant rationalizations and exit from certain animal health and fermentation product lines.
1999-04-04restructuringin_progress5201998-12-311999-12-31GlobalManufacturing, Sales, CorporateUSD 177 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Program announced in Q4 1998. Includes plant/product line rationalizations and exit from certain animal health/fermentation lines. Cumulative terminations reached 196 by end of Q1 1999.
1998-12-31restructuringin_progress52019981999-12-31GlobalManufacturing, sales and corporate personnel; restructuring charges allocated $90 million to Pharmaceutical segment and $87 million to Animal Health segmentUSD 40 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Total 1998 pre-tax restructuring charges of $177 million (employee termination costs $40 million of which $12 million utilized in 1998; PP&E write-downs $49 million; intangibles write-down $44 million; other $44 million). Termination costs include severance, outplacement, medical/other benefits and a $5 million noncash charge for accelerating nonvested stock options. 134 of 520 employees terminated by 1998-12-31; remaining terminations to complete by 1999-12-31. Program arose from a global operations review and includes exits of certain livestock external parasiticide/feed product lines and certain fermentation operations. Announcement date not stated more precisely than fiscal 1998.
1998-12-31divestiture_reductioncompleted1998-011998-01Medical Technology Group - Valleylabdiscontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Valleylab sold to U.S. Surgical Corporation in January 1998 for $425 million in cash. Headcount transferred to buyer not disclosed.
1998-12-31divestiture_reductioncompleted1998-091998-09Medical Technology Group - Schneiderdiscontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Schneider sold to Boston Scientific Corporation in September 1998 for $2.1 billion in cash. Headcount transferred to buyer not disclosed.
1998-12-31divestiture_reductioncompleted1998-091998-09Medical Technology Group - American Medical Systemsdiscontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
American Medical Systems sold to E.M. Warburg, Pincus & Co., LLC in September 1998 for $130 million in cash. Pension plan assets of AMS employees transferred to buyer at sale; employee headcount transferred not disclosed.
1998-12-31divestiture_reductioncompleted1998-121998-12Medical Technology Group - Howmedicadiscontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Howmedica sold to Stryker Corporation in December 1998 for $1.65 billion in cash. Pension plan assets of certain Howmedica employees transferred to buyer at sale; employee headcount transferred not disclosed.
1998-12-31restructuringin_progress5201999-12-31GlobalManufacturing, sales and corporateUSD 40 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
134 employees terminated by 1998-12-31; remaining terminations to complete by 1999-12-31. Total restructuring charge was $177M of which $40M was employee termination costs.
1998-12-31divestiture_reductioncompleted1998-12-31GlobalMedical Technology Group (Howmedica, Schneider, AMS, Valleylab)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of all MTG businesses completed during 1998; headcount impact not quantified in filing.
1998-12-31restructuringin_progress5201998-12-311999-12-31GlobalManufacturing, Sales, CorporateUSD 177 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Workforce reduction of 520 personnel due to plant and product line rationalizations. 134 employees terminated by Dec 31, 1998; remainder expected by Dec 31, 1999. Charge includes $40M employee termination costs.
1998-12-31restructuringin_progress5201998-12-311999-12-31GlobalManufacturing, Sales, CorporateUSD 40 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Workforce reduction of 520 manufacturing, sales and corporate personnel. Employee termination costs of $40 million include severance, outplacement, benefits, and $5 million noncash charge for acceleration of stock options. 134 employees terminated by Dec 31, 1998; remainder to be completed by Dec 31, 1999.
1998-09-27divestiture_reductioncompleted1998-01-01WorldwideMedical Technology Group - Valleylabother
f5-10q / GLM-5.3-flash-fp4-HTML
Sale of Valleylab to U.S. Surgical Corporation for $425 million in cash completed in January 1998; headcount transferred not disclosed.
1998-09-27divestiture_reductioncompleted1998-09-10WorldwideMedical Technology Group - Schneiderother
f5-10q / GLM-5.3-flash-fp4-HTML
Sale of Schneider to Boston Scientific Corporation for $2.1 billion in cash completed in September 1998; headcount transferred not disclosed.
1998-09-27divestiture_reductioncompleted1998-09-01WorldwideMedical Technology Group - American Medical Systemsother
f5-10q / GLM-5.3-flash-fp4-HTML
Sale of American Medical Systems to E.M. Warburg, Pincus & Co., LLC for $130 million in cash completed in September 1998; headcount transferred not disclosed.
1998-09-27divestiture_reductionannounced1998-08-131998-12-31WorldwideMedical Technology Group - HowmedicaUSD 1,650 (millions)other
f5-10q / GLM-5.3-flash-fp4-HTML
Agreement to sell Howmedica to Stryker Corporation; sale price reduced from $1.9 billion to $1.65 billion in cash due to financial market changes; expected to close in Q4 1998. Headcount transferred not disclosed.
1998-09-27otherin_progress1,1001998-09-27United StatesPharmaceuticals - sales forceMD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Further expansion of the U.S. pharmaceutical sales force by about 1,100 people began in the third quarter; international sales forces also being expanded without a disclosed headcount figure.
1998-09-27otherin_progress1,1001998-07-01United StatesPharmaceuticals — SalesMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pfizer began a further expansion of its U.S. pharmaceutical sales force by about 1,100 people in Q3 1998; part of a multi-year expansion that had grown the worldwide sales force by roughly 50% over four years.
1998-09-27divestiture_reductioncompleted1998-09-101998-09-10GlobalMedical Technology Group — Schneiderother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Schneider to Boston Scientific Corporation for $2.1 billion in cash completed September 10, 1998; no employee count disclosed.
1998-09-27divestiture_reductioncompleted1998-09-301998-09-30GlobalMedical Technology Group — American Medical Systemsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of AMS to E.M. Warburg, Pincus & Co. for $130 million in cash completed in September 1998; no employee count disclosed.
1998-09-27divestiture_reductionannounced1998-08-131998-12-31GlobalMedical Technology Group — Howmedicaother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell Howmedica to Stryker Corporation for $1.65 billion in cash (reduced from $1.9 billion); expected to close in Q4 1998; no employee count disclosed.
1998-09-27divestiture_reductioncompleted1998-01-311998-01-31United StatesMedical Technology Group — Valleylabother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Valleylab to U.S. Surgical Corporation for $425 million in cash completed January 1998; no employee count disclosed.
1998-09-27othercompleted1,1001998-09-27United StatesSalesMD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Expansion of U.S. sales force by about 1,100 people.
1998-09-27restructuringin_progress1,1001998-09-27United StatesPharmaceuticals SalesMD&A
f5-10q / Qwen3.6-27B-Q8_0
Expansion of U.S. sales force by about 1,100 people.
1998-03-29divestiture_reductioncompleted1998-01-011998-01-31United StatesMedical Technologyother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of the Valleylab business completed January 1998; $425 million proceeds and $194 million gain recorded. No employee count disclosed. Announcement date approximated to month of completion.
1998-03-29otherannounced1998-02-01GlobalMedical Technology Groupother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Company announced it is exploring strategic options for the Medical Technology Group, including possible divestiture of all or part of the businesses; no headcount impact disclosed. Announcement date approximated to month.
1998-03-29divestiture_reductioncompleted1998-01-011998-01-01GlobalMedical TechnologyMD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Completed sale of Valleylab business in January 1998. No specific headcount disclosed.
1998-03-29restructuringannounced1998-02-01GlobalMedical TechnologyMD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Exploring strategic options for Medical Technology Group, including possible divestiture of all or part of businesses.
1997-12-31divestiture_reductioncompleted1998-01-31GlobalMedical Technology Group — Valleylabsubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Valleylab sold to United States Surgical Corporation for $425 million in January 1998; employee count not disclosed
1997-12-31otherannounced1998-02-28GlobalMedical Technology Groupsubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
February 1998 announcement exploring strategic options including possible divestiture of all or part of Medical Technology Group; no employee count or decision disclosed
1996-12-31restructuringcompleted19931996-12-31WorldwideManufacturing facilities, distribution and administrative organizationsUSD 679 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Multi-year worldwide program initiated in 1993 with total restructuring charges of $679 million. Reserve utilized $217 million during 1996 (MD&A separately cites $176 million of 1996 cash outlays). Program completed at December 31, 1996, with workforce reduction and facility-closing objectives substantially achieved. No employee counts disclosed for any year of the program.
1996-12-31restructuringcompleted1993-01-011996-12-31WorldwideManufacturing, distribution, and administrative organizationsUSD 217 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Multi-year program initiated 1993, completed as of 1996-12-31. Reserve utilization of $217M in FY1996; total program charge $679M. No employee count disclosed for FY1996 activity.
1996-12-31divestiture_reductioncompleted1996-01-011996-10-31WorldwideFood Science businessdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Food science business sold to Cultor Ltd. in January 1996 for ~$353M; Chy-Max product line sold October 1996. No headcount disclosed.
1996-12-31restructuringcompleted1993-01-011996-12-31WorldwideManufacturing, Distribution, AdministrativeUSD 679 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Worldwide restructuring program initiated in 1993 including consolidation of manufacturing facilities, demolition of buildings, and consolidation of distribution/administrative organizations. Program completed as of December 31, 1996. Total charges recorded were $679 million. Cash outlays in 1996 were $176 million. Specific employee count affected not disclosed.
1996-12-31restructuringcompleted19931996-12-31WorldwideUSD 679 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Worldwide restructuring program initiated in 1993, completed by December 31, 1996. Total charges recorded were $679 million. Cash outlays in 1996 were $176 million. Specific employee count not disclosed.
1996-09-29restructuringin_progress1,9501993-01-011996-12-31WorldwideManufacturing, distribution and administrative organizationsUSD 679 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
1993 worldwide restructuring program expected to be substantially completed in 1996. Through Sept 29, 1996, completed initiatives reduced workforce by approximately 1,950 people and closed 21 facilities; annualized efficiency benefit of completed efforts approximately $90 million, with full implementation expected to lower annual operating costs by approximately $130 million. Remaining reserves at Sept 29, 1996: $99 million ($54M employee severance, $45M operating assets to be sold/disposed of).
1996-09-29restructuringin_progress1,95019931996WorldwideManufacturing, distribution and administrative organizationsUSD 54 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cumulative workforce reduction of approximately 1,950 people and 21 facility closures since the 1993 program began, not a quarterly figure. $54M is the remaining employee severance reserve at September 29, 1996; $102M of severance payments had been utilized through the nine months of 1996. Program expected to be substantially completed in 1996; annualized efficiency benefit approximately $90M to date, approximately $130M at full implementation.
1996-09-29acquisition_additioncompleted1996Worldwide (Italy, United States)Pharmaceuticals, hospital products, consumer healthbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
1996 acquisitions include three Italian companies (Ircafarm, Farkemo, Blue Cross), Vesta Medical, Corvita, Cortizone and Hemorid product lines, Bioindustria Farmaceutici, and the Leibinger Companies. No headcount added disclosed.
1996-09-29divestiture_reductioncompleted1996-011996-10WorldwideFood science business (discontinued operation)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Food science business sold to Cultor Ltd. in January 1996 for approximately $353 million; Chy-Max product line sold to Chr. Hansen A/S in October 1996. No headcount removed disclosed.
1996-09-29restructuringin_progress1,9501993-01-011996-12-31WorldwideManufacturing, Distribution, AdministrativeUSD 128 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
1993 worldwide restructuring program. Through Sept 29, 1996, completed initiatives reduced workforce by approx 1,950 people and closed 21 facilities. Remaining reserves of $128 million expected to be utilized by end of 1996.
1996-09-29restructuringin_progress1,9501993-01-011996-12-31WorldwideManufacturing, Distribution, AdministrativeUSD 679 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
1993 restructuring program; 1,950 people reduced through Sept 29, 1996; 21 facilities closed. Total charges $679M.
1996-06-30restructuringin_progress1,7501993-01-011996-12-31WorldwideManufacturing facilities, distribution and administrative organizationsUSD 679 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
1993-initiated worldwide restructuring program expected to be substantially completed in 1996. Cumulative workforce reduction of approximately 1,750 people and 18 facility closings through June 30, 1996; completed initiatives yield approximately $90 million in annualized efficiencies, with full implementation targeted to lower annual operating costs by $130 million. Total restructuring charges of $679 million comprise employee severance payments ($220 million), operating assets to be sold/disposed of ($212 million), and other charges ($247 million); $142 million of reserves remained at June 30, 1996. Headcount figure is cumulative since program inception, not a quarterly delta.
1996-06-30restructuringin_progress1,75019931996WorldwideCompany-wideUSD 679 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cumulative since 1993 program initiation; 1,750 positions eliminated and 18 facilities closed through 1996-06-30. Annualized benefit of completed efforts ~$90M; full implementation expected to lower annual operating costs by $130M. Severance component: $220M total charges, $102M utilized through 1995-12-31, $36M utilized in H1 1996, $82M reserves remaining at 1996-06-30.
1996-06-30restructuringin_progress1,7501993-01-011996-12-31WorldwideManufacturing, Distribution, AdministrativeUSD 85 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
1993 restructuring program; 1,750 people reduced through June 30, 1996; $85M utilized reserves in first half 1996; expected substantially completed in 1996.
1996-06-30divestiture_reductioncompleted1996-01-011996-01-01GlobalFood ScienceMD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Sold substantially all assets of food science business to Cultor Ltd. in January 1996 for $353 million. Headcount impact not quantified.
1996-06-30restructuringin_progress1,75019931996-12-31WorldwideManufacturing, Distribution, AdministrativeUSD 679 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
1993 restructuring program; 1,750 people reduced through June 30, 1996. Expected to be substantially completed in 1996.
1996-03-31restructuringin_progress1,7001993-01-011996-12-31WorldwideManufacturing, distribution and administrative organizationsUSD 679 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Program initiated 1993; through March 31, 1996 completed initiatives reduced workforce by ~1,700 and closed 18 facilities, with ~$90 million annualized efficiency benefit realized; full implementation expected to lower annual operating costs by $130 million; program expected to be substantially completed in 1996. Remaining reserve at March 31, 1996: $202 million (employee severance $98M, operating assets to be sold/disposed $76M, other charges $28M). First-quarter 1996 utilization of reserves was $25 million.
1996-03-31restructuringin_progress1,7001993-01-011996-12-31WorldwideManufacturing, distribution and administrative organizationsUSD 25 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cumulative workforce reduction since 1993 program inception through 1996-03-31; 18 facilities closed. Q1 1996 reserve utilization was $25M; $202M reserve remaining. Program expected substantially complete in 1996.
1996-03-31divestiture_reductioncompleted1996-01-011996-01-31Not specifiedFood science businessother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Substantially all assets of food science business sold to Cultor Ltd. for approximately $353 million cash; no headcount impact disclosed.
1996-03-31acquisition_additioncompleted1996-01-011996-01-31Not specifiedHospital productsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of the Leibinger Companies (specialty surgical instruments and implantable devices); no headcount disclosed.
1996-03-31acquisition_additioncompleted1996-02-011996-02-28ItalyPharmaceuticalsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Bioindustria Farmaceutici S.p.A.; no headcount disclosed.
1996-03-31acquisition_additionannounced1996-04-01United StatesConsumer Health Caresubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Completed acquisition of Cortizone and Hemorid product lines from Thompson Medical Co., Inc. in April 1996; no headcount disclosed.
1996-03-31acquisition_additionannounced1996-04-01United StatesHospital products / vascular graftsUSD 85 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Merger agreement signed with Corvita Corporation; cash tender offer at $10.25/share (~$85M aggregate); no headcount disclosed.
1996-03-31restructuringin_progress1,7001993-01-011996-12-31WorldwideManufacturing, Distribution, AdministrativeUSD 25 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Completed restructuring initiatives through March 31, 1996 reduced workforce by approximately 1,700 people and closed 18 facilities. $25 million in restructuring charges incurred in Q1 1996. Program expected to be substantially completed in 1996.
1996-03-31divestiture_reductioncompleted1996-01-011996-01-31GlobalFood ScienceNotes to Condensed Consolidated Financial Statements
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Company sold substantially all assets of food science business to Cultor Ltd. in January 1996. Headcount not explicitly disclosed.
1996-03-31restructuringin_progress1,7001993-01-011996-12-31WorldwideManufacturing, Distribution, AdministrativeUSD 25 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Completed restructuring initiatives through March 31, 1996 reduced workforce by approx. 1,700 people and closed 18 facilities. $25 million utilized in Q1 1996. Program expected to be substantially completed in 1996.
1995-12-31restructuringin_progress1,60019931996-12-31Global (United States and international)Manufacturing, distribution and administrative organizationsUSD 220 (millions)restructuring_footnote
f5-10k / GLM-5.3-flash-HTML
Cumulative through fiscal year-end 1995: approximately 1,600 positions eliminated and 18 facilities closed. Full program was expected to remove about 3,000 employees and be substantially completed by the end of 1996. Charge shown is the employee severance component of the 1993 restructuring program charges (total program charges of $678.8 million also included asset write-downs and other items); headcount figures disclosed in MD&A.
1995-12-31divestiture_reductioncompleted5001995-121996-01-28WorldwideFood Science business (reported as discontinued operation)USD 3 (millions)discontinued_operations_footnote
f5-10k / GLM-5.3-flash-HTML
Agreement in December 1995 to sell substantially all net assets of the worldwide food science business to Cultor Ltd. for about $350 million; sale completed January 28, 1996. Roughly 500 persons were employed in the business as of December 31, 1995. Recorded loss on disposal of $3.0 million includes transaction costs, exit costs, employee severance benefits and professional fees.
1995-12-31acquisition_additioncompleted1995-011995-01WorldwideAnimal HealthUSD 1,500 (millions)business_combinations_footnote
f5-10k / GLM-5.3-flash-HTML
Acquisition of SmithKline Beecham's animal health business (SBAH) for approximately $1.5 billion including direct acquisition costs; headcount added through the acquisition was not disclosed. The deal materially expanded the Animal Health segment (1995 segment net sales roughly doubled year over year), and the companion Form 11-K notes rollover contributions from former SBAH employees into the Pfizer savings plan.
1995-12-31restructuringin_progress1,6001993-01-011996-12-31WorldwideManufacturing, distribution and administrative organizationsUSD 157 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
1993 worldwide restructuring program. Headcount figure is cumulative through fiscal year-end (approximately 1,600 positions eliminated and 18 facilities closed since program inception; program targeted approximately 3,000 employee reduction). Charge shown is FY1995 reserve utilization ($156.6M); total program charges were approximately $745M and $56M pre-tax in 1993, with $226.5M reserve balance remaining at 1995-12-31. Completed efforts yielded approximately $86M annualized savings; full implementation expected to lower annual operating costs by $130M.
1995-12-31acquisition_additioncompleted1995-01-011995-01-31WorldwideAnimal HealthUSD 1,500 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired for approximately $1.5 billion including direct costs, substantially financed with commercial paper; headcount added not disclosed. Purchase price allocated to approximately $285M identifiable intangibles and approximately $790M goodwill.
1995-12-31acquisition_additioncompleted1995-03-011995-03-31United StatesHospital Products (Medical Devices)USD 170 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired for approximately 4.4 million Company common shares, stock transaction valued at approximately $170 million including direct costs; headcount added not disclosed.
1995-12-31divestiture_reductioncompleted5001995-121996-01-31WorldwideFood Science business (discontinued operation)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Agreed in December 1995 to sell substantially all net assets of the food science business to Cultor Ltd. for approximately $350 million cash; sale completed January 1996 (January 28, 1996 per Item 2). Approximately 500 persons employed by the business as of 1995-12-31. A $3.0 million after-tax loss on disposal was recorded.
1995-12-31acquisition_additioncompleted1996-011996-01-31Germany / United StatesHospital Products (Howmedica)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Leibinger Companies (Freiburg, Germany and Dallas, Texas) acquired January 1996, operating as a division of Howmedica; headcount added not disclosed.
1995-12-31acquisition_additioncompleted1996-021996-02-28ItalyPharmaceuticalsItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired Bioindustria Farmaceutici S.p.A., an Italian producer and distributor of prescription and OTC pharmaceuticals (98.8% owned per Exhibit 21); headcount added not disclosed.
1995-12-31restructuringin_progress1,6001993-01-011996-12-31WorldwideGlobal OperationsUSD 745 (millions)MD&A
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
1993 worldwide restructuring program. Through Dec 31, 1995, completed initiatives reduced workforce by approx. 1,600 people. Full implementation expected to lower annual operating costs by $130M and be substantially completed by end of 1996.
1995-12-31divestiture_reductioncompleted5001995-12-011996-01-28WorldwideFood Science BusinessItem_1_Business
f5-10k / Qwen3.6-27B-NVFP4-MTP-HTML
Sale of substantially all net assets of food science business to Cultor Ltd. completed Jan 1996. Business employed approx. 500 persons as of Dec 31, 1995.
1995-12-31restructuringin_progress1,60019931996-12-31GlobalManufacturing, Distribution, AdministrativeMD&A
f5-10k / Qwen3.6-27B-Q8_0
Initiated in 1993. Through Dec 31, 1995, completed initiatives reduced workforce by approx 1,600 people. Full implementation expected to lower annual operating costs by $130 million and be substantially completed by end of 1996.
1995-12-31divestiture_reductioncompleted5001995-121996-01GlobalFood Science BusinessItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Sale of substantially all net assets of food science business to Cultor Ltd. completed in Jan 1996. Business employed approx 500 persons as of Dec 31, 1995.
1995-10-01restructuringin_progress1,1001993-01-01WorldwideManufacturing, distribution and administrative organizationsUSD 691 (millions)MD&A
f5-10q / GLM-5.3-flash-fp4-HTML
Program initiated in 1993 covering consolidation of manufacturing facilities, demolition of buildings, and consolidation of distribution and administrative infrastructures including European finance organizations. Through October 1, 1995, completed initiatives reduced workforce by approximately 1,100 people and closed 15 facilities, with annualized efficiency benefits of approximately $67 million; full implementation targeted to lower annual operating costs by $130 million. Cumulative restructuring charges of $690.7 million with $302.5 million reserves remaining at October 1, 1995. No significant changes in cost estimates to date.
1995-10-01divestiture_reductionannounced1995-10-23Food science businesssubsequent_events
f5-10q / GLM-5.3-flash-fp4-HTML
Letter of intent signed October 23, 1995 to sell substantially all assets of the food science business to Cultor Ltd., a Finland-based international nutrition company; exclusive discussions ongoing and definitive terms still being negotiated. Business reported as discontinued operations for all periods; net sales of $232.1 million and net income of $13.4 million for the nine months ended October 1, 1995. Company does not expect a material effect on financial position or results. No headcount figures disclosed.
1995-10-01acquisition_additioncompleted1995-01-01WorldwideAnimal HealthUSD 1,500 (millions)business_combinations_footnote
f5-10q / GLM-5.3-flash-fp4-HTML
January 1995 acquisition of SmithKline Beecham animal health subsidiaries and net assets for approximately $1.5 billion including direct costs, financed with commercial paper; purchase accounting with ~$280 million identifiable intangibles and ~$800 million goodwill. Acquired business had sales of approximately $423 million in the first nine months of 1994. No employee headcount figures disclosed.
1995-10-01restructuringin_progress1,1001993WorldwideManufacturing, distribution, and administrative organizationsUSD 690 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cumulative since 1993 program initiation through 1995-10-01; 15 facilities closed; annualized benefit of completed efforts ~$67M; full implementation expected to lower annual operating costs by $130M; $302.5M reserve remaining at quarter-end
1995-10-01acquisition_additioncompleted1995-01WorldwideAnimal HealthUSD 1,500 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired SBAH business for ~$1.5B including direct costs; headcount added not disclosed; includes goodwill ~$800M and identifiable intangibles ~$280M
1995-10-01acquisition_additioncompleted1995-03United StatesHospital ProductsUSD 170 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Stock-for-stock acquisition valued at ~$170M including direct costs; contributed $16.5M in Q3 sales; headcount added not disclosed
1995-10-01acquisition_additioncompleted1995-08United StatesConsumer Health Carebusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired Bain de Soleil skin care products from Procter & Gamble; purchase price and headcount not disclosed
1995-10-01divestiture_reductionannounced1995-10-23WorldwideFood Sciencesubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Letter of intent signed to sell substantially all food science assets to Cultor Ltd. (Finland); results reclassified as discontinued operations; headcount affected not disclosed; definitive terms still being negotiated
1995-10-01restructuringin_progress1,1001993-01-01WorldwideManufacturing, Distribution, AdministrativeUSD 388 (millions)MD&A
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Cumulative charges through Oct 1, 1995 ($348.1M utilized + $39.6M remaining). Program initiated in 1993. Reduced workforce by approx 1,100 people and closed 15 facilities.
1995-10-01acquisition_additioncompleted1995-01-01GlobalAnimal HealthUSD 1,500 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquired SmithKline Beecham animal health business for approx $1.5 billion. Headcount not explicitly disclosed.
1995-10-01acquisition_additioncompleted1995-03-01United StatesHospital ProductsUSD 170 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquired NAMIC U.S.A. Corporation for approx $170 million. Headcount not explicitly disclosed.
1995-10-01acquisition_additioncompleted1995-08-01GlobalConsumer Health Carebusiness_combinations_footnote
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Acquired Bain de Soleil skin care products from Procter & Gamble. Headcount and value not explicitly disclosed.
1995-10-01divestiture_reductionannounced1995-10-23GlobalFood Sciencesubsequent_events
f5-10q / Qwen3.6-27B-NVFP4-MTP-HTML
Signed letter of intent to sell substantially all assets of food science business to Cultor Ltd. Headcount not explicitly disclosed.
1995-10-01restructuringin_progress1,1001993-01-01WorldwideManufacturing, Distribution, AdministrativeUSD 690 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Initiated in 1993. Through Oct 1, 1995, completed initiatives reduced workforce by approx 1,100 people and closed 15 facilities. Total restructuring charges $690.2M.
1995-10-01acquisition_additioncompleted1995-01-01GlobalAnimal HealthUSD 1,500 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquired SmithKline Beecham animal health business for approx $1.5B. Headcount not disclosed.
1995-10-01acquisition_additioncompleted1995-03-01United StatesHospital ProductsUSD 170 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquired NAMIC U.S.A. Corporation for approx $170M. Headcount not disclosed.
1995-10-01acquisition_additioncompleted1995-08-01GlobalConsumer Health Carebusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquired Bain de Soleil skin care products from Procter & Gamble. Headcount and value not disclosed.