2013 Q4 Form 10-Q Financial Statement

#000031015813000011 Filed on November 07, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $11.32B $11.03B $11.49B
YoY Change -3.56% -3.97% -4.44%
Cost Of Revenue $4.607B $4.104B $4.137B
YoY Change 57.02% -0.8% -4.94%
Gross Profit $6.713B $6.928B $7.351B
YoY Change -23.75% -5.75% -4.16%
Gross Profit Margin 59.3% 62.8% 63.99%
Selling, General & Admin $2.982B $2.803B $3.063B
YoY Change -9.14% -8.49% -8.29%
% of Gross Profit 44.42% 40.46% 41.67%
Research & Development $1.837B $1.660B $1.918B
YoY Change -16.39% -13.45% -1.84%
% of Gross Profit 27.36% 23.96% 26.09%
Depreciation & Amortization $1.954B $1.705B $1.723B
YoY Change 17.64% -1.04% -9.46%
% of Gross Profit 29.11% 24.61% 23.44%
Operating Expenses $4.819B $4.463B $4.981B
YoY Change -12.05% -10.4% -5.91%
Operating Profit $1.894B $2.465B $2.370B
YoY Change -43.04% 4.01% -0.25%
Interest Expense -$363.0M $215.0M $178.0M
YoY Change -964.29% 20.79% 1.14%
% of Operating Profit -19.17% 8.72% 7.51%
Other Income/Expense, Net $259.0M -$172.0M -$200.0M
YoY Change -153.96% -14.0% 203.03%
Pretax Income $1.225B $1.525B $2.218B
YoY Change -8.24% -31.24% -5.7%
Income Tax $410.0M $375.0M $455.0M
% Of Pretax Income 33.47% 24.59% 20.51%
Net Earnings $781.0M $1.124B $1.729B
YoY Change -13.99% -34.99% 2.19%
Net Earnings / Revenue 6.9% 10.19% 15.05%
Basic Earnings Per Share $0.38 $0.57
Diluted Earnings Per Share $263.6K $0.38 $0.56
COMMON SHARES
Basic Shares Outstanding 2.922B shares 2.927B shares 3.045B shares
Diluted Shares Outstanding 2.960B shares 3.079B shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.52B $18.19B $18.12B
YoY Change 8.48% 0.4% 16.31%
Cash & Equivalents $15.62B $14.09B $17.36B
Short-Term Investments $1.900B $4.100B $757.0M
Other Short-Term Assets $4.789B $5.277B $3.429B
YoY Change 6.21% 53.89% -17.53%
Inventory $6.226B $6.741B $6.731B
Prepaid Expenses
Receivables $7.184B $7.578B $7.952B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $35.69B $37.77B $36.23B
YoY Change 2.38% 4.24% 6.22%
LONG-TERM ASSETS
Property, Plant & Equipment $14.97B $15.32B $15.88B
YoY Change -6.59% -3.53% -3.05%
Goodwill $12.30B $12.12B $12.17B
YoY Change 1.38% -0.39%
Intangibles $23.80B $25.00B $30.33B
YoY Change -18.16% -17.55%
Long-Term Investments $1.600B $9.198B $5.560B
YoY Change 23.08% 65.43% 129.47%
Other Assets $9.115B $7.010B $6.135B
YoY Change 35.58% 14.26% 10.16%
Total Long-Term Assets $69.96B $68.65B $70.07B
YoY Change -1.84% -2.02% -3.25%
TOTAL ASSETS
Total Short-Term Assets $35.69B $37.77B $36.23B
Total Long-Term Assets $69.96B $68.65B $70.07B
Total Assets $105.6B $106.4B $106.3B
YoY Change -0.46% 0.11% -0.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.274B $2.469B $1.804B
YoY Change 29.72% 36.86% -20.95%
Accrued Expenses $9.501B $9.183B $8.923B
YoY Change -2.42% 2.91% -3.31%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.100B $3.976B $2.029B
YoY Change 16.67% 95.96% -17.35%
Total Short-Term Liabilities $17.87B $18.22B $15.58B
YoY Change -2.62% 16.89% -6.09%
LONG-TERM LIABILITIES
Long-Term Debt $20.54B $22.65B $17.57B
YoY Change 26.36% 28.89% 11.97%
Other Long-Term Liabilities $8.136B
YoY Change -21.22%
Total Long-Term Liabilities $28.68B $22.65B $17.57B
YoY Change 7.88% 28.89% 11.97%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.87B $18.22B $15.58B
Total Long-Term Liabilities $28.68B $22.65B $17.57B
Total Liabilities $46.54B $40.86B $33.15B
YoY Change 3.59% 23.25% -35.49%
SHAREHOLDERS EQUITY
Retained Earnings $39.26B $39.77B $40.39B
YoY Change -1.82% -1.53%
Common Stock $42.30B $41.70B $42.26B
YoY Change -0.33% -1.33%
Preferred Stock
YoY Change
Treasury Stock (at cost) $29.59B $29.35B $23.86B
YoY Change 19.72% 23.01%
Treasury Stock Shares 649.6M shares 650.5M shares 532.7M shares
Shareholders Equity $49.77B $47.42B $55.75B
YoY Change
Total Liabilities & Shareholders Equity $105.6B $106.4B $106.3B
YoY Change -0.46% 0.11% -0.22%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $781.0M $1.124B $1.729B
YoY Change -13.99% -34.99% 2.19%
Depreciation, Depletion And Amortization $1.954B $1.705B $1.723B
YoY Change 17.64% -1.04% -9.46%
Cash From Operating Activities $3.026B $3.949B $3.139B
YoY Change 67.27% 25.8% -31.42%
INVESTING ACTIVITIES
Capital Expenditures -$429.0M -$355.0M -$414.0M
YoY Change -44.86% -14.25% -3.94%
Acquisitions
YoY Change
Other Investing Activities $1.606B -$1.682B -$1.425B
YoY Change -144.36% 18.04% -948.21%
Cash From Investing Activities $1.177B -$2.037B -$1.839B
YoY Change -126.76% 10.77% 599.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.624B -2.915B -738.0M
YoY Change 115.44% 294.99% -67.11%
NET CHANGE
Cash From Operating Activities 3.026B 3.949B 3.139B
Cash From Investing Activities 1.177B -2.037B -1.839B
Cash From Financing Activities -2.624B -2.915B -738.0M
Net Change In Cash 1.579B -1.003B 562.0M
YoY Change -141.48% -278.47% -72.85%
FREE CASH FLOW
Cash From Operating Activities $3.026B $3.949B $3.139B
Capital Expenditures -$429.0M -$355.0M -$414.0M
Free Cash Flow $3.455B $4.304B $3.553B
YoY Change 33.55% 21.14% -29.05%

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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1439000000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
53020000000 USD
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
39.39
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
13077000000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
6891000000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1119000000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1176000000 USD
CY1998 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.05
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2504000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
6467000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-61000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-54000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
151000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-280000000 USD
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
5607000000 USD
us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
9823000000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1060000000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
809000000 USD
us-gaap Profit Loss
ProfitLoss
3702000000 USD
us-gaap Profit Loss
ProfitLoss
5350000000 USD
CY2013Q3 us-gaap Profit Loss
ProfitLoss
1150000000 USD
CY2012Q3 us-gaap Profit Loss
ProfitLoss
1763000000 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
16030000000 USD
CY2013Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15323000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
515000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4000000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5944000000 USD
CY2013Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1660000000 USD
CY2012Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1918000000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
5668000000 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
745000000 USD
CY2012Q3 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
163000000 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
1439000000 USD
CY2013Q3 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
967000000 USD
CY2012Q3 us-gaap Restructuring Charges
RestructuringCharges
110000000 USD
us-gaap Restructuring Charges
RestructuringCharges
1144000000 USD
us-gaap Restructuring Charges
RestructuringCharges
473000000 USD
CY2013Q3 us-gaap Restructuring Charges
RestructuringCharges
870000000 USD
CY2013Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
39773000000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
39985000000 USD
CY2012Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
11488000000 USD
CY2013Q3 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
11032000000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
35530000000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
32713000000 USD
CY2012Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3063000000 USD
CY2013Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2803000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
9386000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
8929000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
210000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
257000000 USD
CY2013Q3 us-gaap Share Based Compensation
ShareBasedCompensation
68000000 USD
CY2012Q3 us-gaap Share Based Compensation
ShareBasedCompensation
88000000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P3Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
6000000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
7000000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
39.38
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
47419000000 USD
CY2012Q4 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
77737000000 USD
CY2013Q3 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
76772000000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
55463000000 USD
CY2013Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
50006000000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
56943000000 USD
CY2012Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
58212000000 USD
CY2012Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
550468221 shares
CY2013Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
650490309 shares
CY2013Q3 us-gaap Treasury Stock Value
TreasuryStockValue
29353000000 USD
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
24717000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1439000000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
6320000000 USD
us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
USD
us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
4000000 USD
CY2012Q3 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
0 USD
CY2013Q3 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
USD
CY2012Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
34000000 shares
CY2013Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
33000000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
34000000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
32000000 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2960000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3077000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3007000000 shares
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3079000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2975000000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3045000000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2927000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3043000000 shares
CY2013Q3 mrk Accounts Receivable Outstanding For More Than One Year
AccountsReceivableOutstandingForMoreThanOneYear
340000000 USD
CY2012Q4 mrk Available For Sale Securities Gross Unrealized Gain Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInInvestments
93000000 USD
CY2013Q3 mrk Available For Sale Securities Gross Unrealized Gain Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInInvestments
87000000 USD
CY2013Q3 mrk Available For Sale Securities Gross Unrealized Loss Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments
32000000 USD
CY2012Q4 mrk Available For Sale Securities Gross Unrealized Loss Accumulated In Investments
AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInInvestments
6000000 USD
CY2013Q3 mrk Costs Expenses And Other
CostsExpensesAndOther
9507000000 USD
CY2012Q3 mrk Costs Expenses And Other
CostsExpensesAndOther
9270000000 USD
mrk Costs Expenses And Other
CostsExpensesAndOther
28393000000 USD
mrk Costs Expenses And Other
CostsExpensesAndOther
28125000000 USD
mrk Expenses For Upfront And Milestone Payments Made To Collaborative Partner
ExpensesForUpfrontAndMilestonePaymentsMadeToCollaborativePartner
60000000 USD
CY2012Q4 mrk Gross Amount Of Derivative Fair Value Subject To Offset
GrossAmountOfDerivativeFairValueSubjectToOffset
-195000000 USD
CY2013Q3 mrk Gross Amount Of Derivative Fair Value Subject To Offset
GrossAmountOfDerivativeFairValueSubjectToOffset
-113000000 USD
CY2012Q4 mrk Inventories Included In Other Assets
InventoriesIncludedInOtherAssets
1606000000 USD
CY2013Q3 mrk Inventories Included In Other Assets
InventoriesIncludedInOtherAssets
1474000000 USD
CY2013Q3 mrk Inventories Produced In Preparation For Product Launches
InventoriesProducedInPreparationForProductLaunches
157000000 USD
CY2012Q4 mrk Inventories Produced In Preparation For Product Launches
InventoriesProducedInPreparationForProductLaunches
196000000 USD
CY2013Q3 mrk Inventory Net And Inventory Noncurrent
InventoryNetAndInventoryNoncurrent
8215000000 USD
CY2012Q4 mrk Inventory Net And Inventory Noncurrent
InventoryNetAndInventoryNoncurrent
8141000000 USD
mrk Joint Venture Activity
JointVentureActivity
228000000 USD
mrk Marketing Rights Extension Period In Years
MarketingRightsExtensionPeriodInYears
P15Y
mrk Number Of Highly Rated Money Market Funds
NumberOfHighlyRatedMoneyMarketFunds
3 Funds
CY2013Q3 mrk Number Of New Interest Rate Derivatives
NumberOfNewInterestRateDerivatives
6 Interest_Rate_Swaps
CY2013Q3 mrk Other Comprehensive Income Before Reclassification Adjustments Before Tax
OtherComprehensiveIncomeBeforeReclassificationAdjustmentsBeforeTax
-43000000 USD
mrk Other Comprehensive Income Before Reclassification Adjustments Before Tax
OtherComprehensiveIncomeBeforeReclassificationAdjustmentsBeforeTax
92000000 USD
CY2013Q3 mrk Other Comprehensive Income Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeBeforeReclassificationAdjustmentsNetOfTax
-10000000 USD
mrk Other Comprehensive Income Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeBeforeReclassificationAdjustmentsNetOfTax
159000000 USD
CY2013Q3 mrk Other Comprehensive Income Before Reclassification Adjustments Tax
OtherComprehensiveIncomeBeforeReclassificationAdjustmentsTax
53000000 USD
mrk Other Comprehensive Income Before Reclassification Adjustments Tax
OtherComprehensiveIncomeBeforeReclassificationAdjustmentsTax
-251000000 USD
CY2013Q3 mrk Other Comprehensive Income Reclassification Adjustments Before Tax
OtherComprehensiveIncomeReclassificationAdjustmentsBeforeTax
64000000 USD
mrk Other Comprehensive Income Reclassification Adjustments Before Tax
OtherComprehensiveIncomeReclassificationAdjustmentsBeforeTax
205000000 USD
CY2013Q3 mrk Other Comprehensive Income Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentsNetOfTax
-52000000 USD
mrk Other Comprehensive Income Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentsNetOfTax
-143000000 USD
CY2013Q3 mrk Other Comprehensive Income Reclassification Adjustments Tax
OtherComprehensiveIncomeReclassificationAdjustmentsTax
-12000000 USD
mrk Other Comprehensive Income Reclassification Adjustments Tax
OtherComprehensiveIncomeReclassificationAdjustmentsTax
-62000000 USD
CY2013Q3 mrk Other Other Nonoperating Income Expense
OtherOtherNonoperatingIncomeExpense
-13000000 USD
CY2012Q3 mrk Other Other Nonoperating Income Expense
OtherOtherNonoperatingIncomeExpense
-19000000 USD
mrk Other Other Nonoperating Income Expense
OtherOtherNonoperatingIncomeExpense
33000000 USD
mrk Other Other Nonoperating Income Expense
OtherOtherNonoperatingIncomeExpense
31000000 USD
mrk Percentage Of Cash And Cash Equivalents Invested In Highly Rated Money Market Funds
PercentageOfCashAndCashEquivalentsInvestedInHighlyRatedMoneyMarketFunds
0.3333
mrk Potential Future Milestone Payment For Initiation Of Phase Three Program
PotentialFutureMilestonePaymentForInitiationOfPhaseThreeProgram
65000000 USD
mrk Share Based Compensation Plans And Other
ShareBasedCompensationPlansAndOther
1177000000 USD
mrk Share Based Compensation Plans And Other
ShareBasedCompensationPlansAndOther
845000000 USD
mrk Translation Adjustments For Net Investment Hedge Pretax
TranslationAdjustmentsForNetInvestmentHedgePretax
-33000000 USD
mrk Translation Adjustments For Net Investment Hedge Pretax
TranslationAdjustmentsForNetInvestmentHedgePretax
35000000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000310158
CY2013Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
2921928875 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Merck & Co. Inc.
dei Trading Symbol
TradingSymbol
MRK
CY2012Q4 invest Derivative Notional Amount
DerivativeNotionalAmount
26556000000 USD
CY2013Q3 invest Derivative Notional Amount
DerivativeNotionalAmount
24940000000 USD

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