2021 Q4 Form 10-K Financial Statement

#000031015822000003 Filed on February 25, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $13.52B $48.70B $12.52B
YoY Change 8.04% 17.31% 5.45%
Cost Of Revenue $3.827B $13.63B $5.489B
YoY Change -30.28% 0.06% 90.99%
Gross Profit $9.694B $35.08B $7.026B
YoY Change 37.97% 25.73% -21.88%
Gross Profit Margin 71.7% 72.02% 56.14%
Selling, General & Admin $2.820B $9.634B $3.075B
YoY Change -8.29% 7.58% 6.48%
% of Gross Profit 29.09% 27.46% 43.77%
Research & Development $3.061B $12.25B $5.821B
YoY Change -47.41% -8.6% 144.99%
% of Gross Profit 31.58% 34.91% 82.85%
Depreciation & Amortization $835.0M $1.600B $904.0M
YoY Change -7.63% -5.88% -3.42%
% of Gross Profit 8.61% 4.56% 12.87%
Operating Expenses $5.881B $21.88B $8.896B
YoY Change -33.89% -2.12% 69.0%
Operating Profit $3.813B $13.20B -$1.870B
YoY Change -303.9% 137.91% -150.13%
Interest Expense $110.0M $806.0M $122.0M
YoY Change -9.84% -3.01% -271.83%
% of Operating Profit 2.88% 6.11%
Other Income/Expense, Net $224.0M $1.341B $134.0M
YoY Change 67.16% 50.67% -54.42%
Pretax Income $3.909B $13.88B -$1.993B
YoY Change -296.14% 136.72% -171.41%
Income Tax $85.00M $1.521B $98.00M
% Of Pretax Income 2.17% 10.96%
Net Earnings $3.758B $13.05B -$2.094B
YoY Change -279.47% 84.65% -188.88%
Net Earnings / Revenue 27.79% 26.79% -16.73%
Basic Earnings Per Share $5.16
Diluted Earnings Per Share $1.482M $5.14 -$827.7K
COMMON SHARES
Basic Shares Outstanding 2.526B shares 2.530B shares 2.530B shares
Diluted Shares Outstanding 2.538B shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.096B $8.096B $8.062B
YoY Change 0.42% 0.42% -22.67%
Cash & Equivalents $8.096B $8.096B $8.050B
Short-Term Investments $0.00
Other Short-Term Assets $6.987B $6.987B $4.674B
YoY Change 49.49% 26.1% 9.28%
Inventory $5.953B $5.953B $5.554B
Prepaid Expenses
Receivables $9.230B $9.230B $6.803B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $30.27B $30.27B $27.76B
YoY Change 9.01% 9.01% 1.02%
LONG-TERM ASSETS
Property, Plant & Equipment $19.28B $19.28B $17.00B
YoY Change 13.41% 7.19% 18.91%
Goodwill $21.26B $18.88B
YoY Change 12.62% 4.5%
Intangibles $22.93B $14.10B
YoY Change 62.63% -0.67%
Long-Term Investments $966.0M $966.0M $785.0M
YoY Change 23.06% 23.06% -46.56%
Other Assets $10.99B $10.99B $10.21B
YoY Change 7.59% 7.59% 79.2%
Total Long-Term Assets $75.43B $75.43B $63.82B
YoY Change 18.18% 18.18% 12.14%
TOTAL ASSETS
Total Short-Term Assets $30.27B $30.27B $27.76B
Total Long-Term Assets $75.43B $75.43B $63.82B
Total Assets $105.7B $105.7B $91.59B
YoY Change 15.4% 15.4% 8.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.609B $4.609B $4.327B
YoY Change 6.52% 0.33% 15.76%
Accrued Expenses $13.86B $13.86B $13.05B
YoY Change 6.17% 6.17% 4.82%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.300B $2.412B $2.300B
YoY Change 0.0% -62.49% 21.05%
Total Short-Term Liabilities $23.87B $23.87B $27.33B
YoY Change -12.64% -12.64% 22.98%
LONG-TERM LIABILITIES
Long-Term Debt $30.69B $30.69B $25.36B
YoY Change 21.02% 21.02% 11.54%
Other Long-Term Liabilities $9.434B $9.434B $12.31B
YoY Change -23.34% -24.42% 2.81%
Total Long-Term Liabilities $40.12B $40.12B $37.67B
YoY Change 6.53% 6.03% 8.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.87B $23.87B $27.33B
Total Long-Term Liabilities $40.12B $40.12B $37.67B
Total Liabilities $64.00B $67.51B $64.99B
YoY Change -1.53% 1.87% 14.17%
SHAREHOLDERS EQUITY
Retained Earnings $53.70B $47.36B
YoY Change 13.37% 1.63%
Common Stock $46.03B $41.38B
YoY Change 11.24% -0.17%
Preferred Stock
YoY Change
Treasury Stock (at cost) $57.11B $56.79B
YoY Change 0.57% 1.5%
Treasury Stock Shares 1.049B shares 1.047B shares
Shareholders Equity $38.18B $38.18B $25.32B
YoY Change
Total Liabilities & Shareholders Equity $105.7B $105.7B $91.59B
YoY Change 15.4% 15.4% 8.52%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $3.758B $13.05B -$2.094B
YoY Change -279.47% 84.65% -188.88%
Depreciation, Depletion And Amortization $835.0M $1.600B $904.0M
YoY Change -7.63% -5.88% -3.42%
Cash From Operating Activities $5.031B $14.11B $4.006B
YoY Change 25.59% 37.61% -16.44%
INVESTING ACTIVITIES
Capital Expenditures -$1.208B -$4.448B -$1.514B
YoY Change -20.21% -5.04% 33.16%
Acquisitions $179.0M
YoY Change -86.89%
Other Investing Activities -$10.84B $91.00M -$3.264B
YoY Change 232.14% -172.8% -972.73%
Cash From Investing Activities -$12.05B -$16.56B -$4.778B
YoY Change 152.18% 75.32% 526.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $840.0M
YoY Change -34.43%
Debt Paid & Issued, Net $2.319B
YoY Change 18.5%
Cash From Financing Activities 5.207B 2.593B 1.372B
YoY Change 279.52% -191.56% -168.22%
NET CHANGE
Cash From Operating Activities 5.031B 14.11B 4.006B
Cash From Investing Activities -12.05B -16.56B -4.778B
Cash From Financing Activities 5.207B 2.593B 1.372B
Net Change In Cash -1.811B $14.00M 600.0M
YoY Change -401.83% -100.79% -70.3%
FREE CASH FLOW
Cash From Operating Activities $5.031B $14.11B $4.006B
Capital Expenditures -$1.208B -$4.448B -$1.514B
Free Cash Flow $6.239B $18.56B $5.520B
YoY Change 13.03% 24.24% -6.93%

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CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7967000000 USD
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
0 USD
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
12000000 USD
CY2019Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
0 USD
CY2021Q4 us-gaap Restricted Cash
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71000000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8167000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8153000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9934000000 USD
CY2021 us-gaap Nature Of Operations
NatureOfOperations
Nature of Operations<div style="margin-top:5pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Merck &amp; Co., Inc. (Merck or the Company) is a global health care company that delivers innovative health solutions through its prescription medicines, vaccines, biologic therapies and animal health products. The Company’s operations are principally managed on a products basis and include two operating segments, which are the Pharmaceutical and Animal Health segments, both of which are reportable segments. </span></div><div style="margin-top:5pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Pharmaceutical segment includes human health pharmaceutical and vaccine products. Human health pharmaceutical products consist of therapeutic and preventive agents, generally sold by prescription, for the treatment of human disorders. The Company sells these human health pharmaceutical products primarily to drug wholesalers and retailers, hospitals, government agencies and managed health care providers such as health maintenance organizations, pharmacy benefit managers and other institutions. Human health vaccine products consist of preventive pediatric, adolescent and adult vaccines. The Company sells these human health vaccines primarily to physicians, wholesalers, physician distributors and government entities. </span></div><div style="margin-top:5pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Animal Health segment discovers, develops, manufactures and markets a wide range of veterinary pharmaceutical and vaccine products, as well as health management solutions and services, for the prevention, treatment and control of disease in all major livestock and companion animal species. The Company also offers an extensive suite of digitally connected identification, traceability and monitoring products. The Company sells its products to veterinarians, distributors and animal producers. </span></div><div style="margin-top:5pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company previously had a Healthcare Services segment that provided services and solutions focused on engagement, health analytics and clinical services to improve the value of care delivered to patients. The Company divested the remaining businesses in this segment during the first quarter of 2020.</span></div><div style="margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Spin-Off of Organon &amp; Co. </span></div><div style="margin-top:3pt;text-align:justify;text-indent:45pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On June 2, 2021, Merck completed the spin-off of products from its women’s health, biosimilars and established brands businesses into a new, independent, publicly traded company named Organon &amp; Co. (Organon) through a distribution of Organon’s publicly traded stock to Company shareholders. The distribution is expected to qualify and has been treated as tax-free to the Company and its shareholders for U.S. federal income tax purposes. The established brands included in the transaction consisted of dermatology, non-opioid pain management, respiratory, select cardiovascular products, as well as the rest of Merck’s diversified brands franchise. Merck’s existing research pipeline programs continue to be owned and developed within Merck as planned. The historical results of the businesses that were contributed to Organon in the spin-off have been reflected as discontinued operations in the Company’s consolidated financial statements through the date of the spin-off (see Note 3).</span></div>
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2021 mrk Sales Discounts
SalesDiscounts
12300000000 USD
CY2020 mrk Sales Discounts
SalesDiscounts
11400000000 USD
CY2019 mrk Sales Discounts
SalesDiscounts
9900000000 USD
CY2021Q4 mrk Accrual For Chargebacks
AccrualForChargebacks
207000000 USD
CY2021Q4 mrk Accrual For Rebates
AccrualForRebates
2600000000 USD
CY2020Q4 mrk Accrual For Chargebacks
AccrualForChargebacks
208000000 USD
CY2020Q4 mrk Accrual For Rebates
AccrualForRebates
2600000000 USD
CY2021 mrk Revenue Recognition Goods Goods Return Period Afterto Expiration Date
RevenueRecognitionGoodsGoodsReturnPeriodAftertoExpirationDate
P12M
CY2021 us-gaap Depreciation
Depreciation
1600000000 USD
CY2020 us-gaap Depreciation
Depreciation
1700000000 USD
CY2019 us-gaap Depreciation
Depreciation
1600000000 USD
CY2021 us-gaap Advertising Expense
AdvertisingExpense
2000000000 USD
CY2020 us-gaap Advertising Expense
AdvertisingExpense
1800000000 USD
CY2019 us-gaap Advertising Expense
AdvertisingExpense
1900000000 USD
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates — </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The consolidated financial statements are prepared in conformity with accounting principles generally accepted in the U.S. (GAAP) and, accordingly, include certain amounts that are based on management’s best estimates and judgments. Estimates are used when accounting for amounts recorded in connection with acquisitions, including initial fair value determinations of assets and liabilities (primarily IPR&amp;D, other intangible assets and contingent consideration), as well as subsequent fair value measurements. Additionally, estimates are used in determining such items as provisions for sales discounts and returns, depreciable and amortizable lives, recoverability of inventories, including those produced in preparation for product launches, amounts recorded for contingencies, environmental liabilities, accruals for contingent sales-based milestone payments and other reserves, pension and other postretirement benefit plan assumptions, share-based compensation assumptions, restructuring costs, impairments of long-lived assets (including intangible assets and goodwill) and investments, and taxes on income. Because of the uncertainty inherent in such estimates, actual results may differ from these estimates.</span>
CY2021 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Reclassifications — Certain reclassifications have been made to prior year amounts to conform to the current year presentation.
CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Consideration
DisposalGroupIncludingDiscontinuedOperationConsideration
9000000000 USD
CY2021 us-gaap Disposal Group Including Discontinued Operation Other Expense
DisposalGroupIncludingDiscontinuedOperationOtherExpense
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CY2020 us-gaap Disposal Group Including Discontinued Operation Other Expense
DisposalGroupIncludingDiscontinuedOperationOtherExpense
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CY2021 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
2512000000 USD
CY2020 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
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CY2019 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
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CY2021 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
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CY2020 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
1867000000 USD
CY2019 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
2096000000 USD
CY2021 us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
877000000 USD
CY2020 us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
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CY2019 us-gaap Disposal Group Including Discontinued Operation General And Administrative Expense
DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense
1160000000 USD
CY2021 mrk Disposal Group Including Discontinued Operations Research And Development Expenses
DisposalGroupIncludingDiscontinuedOperationsResearchAndDevelopmentExpenses
103000000 USD
CY2020 mrk Disposal Group Including Discontinued Operations Research And Development Expenses
DisposalGroupIncludingDiscontinuedOperationsResearchAndDevelopmentExpenses
161000000 USD
CY2019 mrk Disposal Group Including Discontinued Operations Research And Development Expenses
DisposalGroupIncludingDiscontinuedOperationsResearchAndDevelopmentExpenses
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CY2021 mrk Disposal Group Including Discontinued Operations Restructuring Costs
DisposalGroupIncludingDiscontinuedOperationsRestructuringCosts
1000000 USD
CY2020 mrk Disposal Group Including Discontinued Operations Restructuring Costs
DisposalGroupIncludingDiscontinuedOperationsRestructuringCosts
3000000 USD
CY2019 mrk Disposal Group Including Discontinued Operations Restructuring Costs
DisposalGroupIncludingDiscontinuedOperationsRestructuringCosts
12000000 USD
CY2021 mrk Disposal Group Including Discontinued Operation Other Income Expense Net
DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpenseNet
15000000 USD
CY2020 mrk Disposal Group Including Discontinued Operation Other Income Expense Net
DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpenseNet
-4000000 USD
CY2019 mrk Disposal Group Including Discontinued Operation Other Income Expense Net
DisposalGroupIncludingDiscontinuedOperationOtherIncomeExpenseNet
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CY2021 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
1755000000 USD
CY2020 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
3548000000 USD
CY2019 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
3426000000 USD
CY2021 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax
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757000000 USD
CY2020 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax
2928000000 USD
CY2019 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax
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4293000000 USD
CY2021 us-gaap Discontinued Operation Tax Effect Of Income Loss From Discontinued Operation During Phase Out Period
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50000000 USD
CY2020 us-gaap Discontinued Operation Tax Effect Of Income Loss From Discontinued Operation During Phase Out Period
DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod
369000000 USD
CY2019 us-gaap Discontinued Operation Tax Effect Of Income Loss From Discontinued Operation During Phase Out Period
DiscontinuedOperationTaxEffectOfIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriod
122000000 USD
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
707000000 USD
CY2020 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
2559000000 USD
CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
4171000000 USD
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
3000000 USD
CY2020 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
11000000 USD
CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
18000000 USD
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
704000000 USD
CY2020 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
2548000000 USD
CY2019 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
4153000000 USD
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
12000000 USD
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
1048000000 USD
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Inventory1
DisposalGroupIncludingDiscontinuedOperationInventory1
756000000 USD
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets
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CY2020Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
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CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
986000000 USD
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Goodwill1
DisposalGroupIncludingDiscontinuedOperationGoodwill1
1356000000 USD
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Intangible Assets
DisposalGroupIncludingDiscontinuedOperationIntangibleAssets
503000000 USD
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Other Assets
DisposalGroupIncludingDiscontinuedOperationOtherAssets
330000000 USD
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
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CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Payable
DisposalGroupIncludingDiscontinuedOperationAccountsPayable
267000000 USD
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Accrued Liabilities
DisposalGroupIncludingDiscontinuedOperationAccruedLiabilities
841000000 USD
CY2020Q4 mrk Disposal Group Including Discontinued Operation Accrual Reversal Income Taxes Payable Current
DisposalGroupIncludingDiscontinuedOperationAccrualReversalIncomeTaxesPayableCurrent
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CY2020Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
1086000000 USD
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Deferred Tax Liabilities
DisposalGroupIncludingDiscontinuedOperationDeferredTaxLiabilities
10000000 USD
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Other Noncurrent Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentLiabilities
176000000 USD
CY2020Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
186000000 USD
CY2021Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
5100000000 USD
CY2021Q2 mrk Disposal Group Including Discontinued Operations Debt
DisposalGroupIncludingDiscontinuedOperationsDebt
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CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Goodwill1
DisposalGroupIncludingDiscontinuedOperationGoodwill1
1400000000 USD
CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
981000000 USD
CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Cash
DisposalGroupIncludingDiscontinuedOperationCash
929000000 USD
CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Inventory1
DisposalGroupIncludingDiscontinuedOperationInventory1
815000000 USD
CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Intangible Assets
DisposalGroupIncludingDiscontinuedOperationIntangibleAssets
519000000 USD
CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Other Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherLiabilities
328000000 USD
CY2021 mrk Supply Commitment Minimum Number Of Markets
SupplyCommitmentMinimumNumberOfMarkets
30 market
CY2021 mrk Number Of Low And Middle Income Countries Reached Through Supply And Access Approach
NumberOfLowAndMiddleIncomeCountriesReachedThroughSupplyAndAccessApproach
100 country
CY2021Q4 us-gaap Restructuring And Related Cost Expected Cost1
RestructuringAndRelatedCostExpectedCost1
3500000000 USD
CY2021 mrk Estimate Of Cumulative Pre Tax Costs That Will Result In Cash Outlays
EstimateOfCumulativePreTaxCostsThatWillResultInCashOutlays
0.70
CY2021 mrk Estimate Of Cumulative Pre Tax Costs That Will Be Noncash
EstimateOfCumulativePreTaxCostsThatWillBeNoncash
0.30
CY2021 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
868000000 USD
CY2020 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
880000000 USD
CY2019 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
915000000 USD
CY2021Q4 us-gaap Restructuring And Related Cost Cost Incurred To Date1
RestructuringAndRelatedCostCostIncurredToDate1
2700000000 USD
CY2021 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
868000000 USD
CY2020 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
880000000 USD
CY2019 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
915000000 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
715000000 USD
CY2020 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
880000000 USD
CY2020 us-gaap Payments For Restructuring
PaymentsForRestructuring
779000000 USD
CY2020 mrk Restructuring Reserve Increase Decrease Noncash Activity
RestructuringReserveIncreaseDecreaseNoncashActivity
-230000000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
586000000 USD
CY2021 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
868000000 USD
CY2021 us-gaap Payments For Restructuring
PaymentsForRestructuring
608000000 USD
CY2021 mrk Restructuring Reserve Increase Decrease Noncash Activity
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-209000000 USD
CY2021Q4 us-gaap Restructuring Reserve
RestructuringReserve
637000000 USD
CY2021Q4 us-gaap Derivative Assets
DerivativeAssets
549000000 USD
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
121000000 USD
CY2021Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
32958000000 USD
CY2020Q4 us-gaap Derivative Assets
DerivativeAssets
182000000 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
525000000 USD
CY2020Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
32784000000 USD
CY2021Q4 us-gaap Derivative Assets
DerivativeAssets
549000000 USD
CY2021Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
121000000 USD
CY2020Q4 us-gaap Derivative Assets
DerivativeAssets
182000000 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
525000000 USD
CY2021Q4 us-gaap Derivative Asset Not Offset Policy Election Deduction
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110000000 USD
CY2021Q4 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
110000000 USD
CY2020Q4 us-gaap Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
156000000 USD
CY2020Q4 us-gaap Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
156000000 USD
CY2021Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
164000000 USD
CY2021Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 USD
CY2020Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2020Q4 us-gaap Derivative Collateral Right To Reclaim Cash
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36000000 USD
CY2021Q4 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
275000000 USD
CY2021Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
11000000 USD
CY2020Q4 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
26000000 USD
CY2020Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
333000000 USD
CY2021 us-gaap Revenues
Revenues
48704000000 USD
CY2020 us-gaap Revenues
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41518000000 USD
CY2019 us-gaap Revenues
Revenues
39121000000 USD
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1341000000 USD
CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
890000000 USD
CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1756000000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-441000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-648000000 USD
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170000000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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86000000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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0 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
86000000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
89000000 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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0 USD
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
0 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
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89000000 USD
CY2021Q4 us-gaap Equity Securities Fv Ni
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1647000000 USD
CY2020Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
1787000000 USD
CY2021Q4 mrk Debt Securitiesand Equity Securities Fvni
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1733000000 USD
CY2020Q4 mrk Debt Securitiesand Equity Securities Fvni
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1876000000 USD
CY2021 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
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CY2020 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
163000000 USD
CY2021Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
596000000 USD
CY2020Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
586000000 USD
CY2021 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
110000000 USD
CY2021 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAnnualAmount
1000000 USD
CY2020 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentAnnualAmount
62000000 USD
CY2020 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentAnnualAmount
3000000 USD
CY2021Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Upward Price Adjustment Cumulative Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueUpwardPriceAdjustmentCumulativeAmount
234000000 USD
CY2021Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Downward Price Adjustment Cumulative Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueDownwardPriceAdjustmentCumulativeAmount
7000000 USD
CY2021Q4 us-gaap Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
1700000000 USD
CY2020Q4 us-gaap Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
800000000 USD
CY2021 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
1400000000 USD
CY2020 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
583000000 USD
CY2019 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
-113000000 USD
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
841000000 USD
CY2019Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
767000000 USD
CY2021 us-gaap Business Combination Consideration Transferred Liabilities Incurred
BusinessCombinationConsiderationTransferredLiabilitiesIncurred
0 USD
CY2020 us-gaap Business Combination Consideration Transferred Liabilities Incurred
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97000000 USD
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BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
57000000 USD
CY2020 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
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109000000 USD
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
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106000000 USD
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12000000 USD
CY2020 mrk Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Other
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CY2021Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
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CY2020Q4 us-gaap Business Combination Contingent Consideration Liability
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841000000 USD
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151000000 USD
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33100000000 USD
CY2020Q4 us-gaap Debt Instrument Fair Value
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36000000000 USD
CY2020Q4 us-gaap Debt Longterm And Shortterm Combined Amount
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31800000000 USD
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2800000000 USD
CY2020Q4 us-gaap Accounts Receivable Sale
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2100000000 USD
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62000000 USD
CY2020Q4 us-gaap Restricted Cash Current
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CY2021Q4 us-gaap Derivative Collateral Obligation To Return Cash
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164000000 USD
CY2020Q4 us-gaap Derivative Collateral Right To Reclaim Cash
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1610000000 USD
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6220000000 USD
CY2020Q4 us-gaap Inventory Work In Process And Raw Materials
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CY2020Q4 us-gaap Other Inventory Supplies
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CY2020Q4 us-gaap Inventory Gross
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CY2020Q4 us-gaap Inventory Lifo Reserve
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CY2020Q4 mrk Inventory Net And Inventory Noncurrent
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CY2021Q4 us-gaap Inventory Net
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CY2020Q4 us-gaap Inventory Net
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CY2021Q4 us-gaap Inventory Noncurrent
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CY2020Q4 us-gaap Inventory Noncurrent
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2070000000 USD
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3300000000 USD
CY2020Q4 us-gaap Lifo Inventory Amount
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2800000000 USD
CY2019Q4 us-gaap Goodwill
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CY2020 us-gaap Goodwill Written Off Related To Sale Of Business Unit
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54000000 USD
CY2020 us-gaap Goodwill Other Increase Decrease
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20000000 USD
CY2020Q4 us-gaap Goodwill
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CY2021 us-gaap Goodwill Acquired During Period
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CY2021 us-gaap Goodwill Other Increase Decrease
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CY2021Q4 us-gaap Goodwill
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1600000000 USD
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CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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19505000000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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33237000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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19136000000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
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14101000000 USD
CY2019 us-gaap Impairment Of Intangible Assets Finitelived
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705000000 USD
CY2019 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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172000000 USD
CY2021 us-gaap Amortization Of Intangible Assets
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1600000000 USD
CY2020 us-gaap Amortization Of Intangible Assets
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1800000000 USD
CY2019 us-gaap Amortization Of Intangible Assets
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1700000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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1700000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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1600000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1400000000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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1400000000 USD
CY2021Q4 us-gaap Long Term Debt Current
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2300000000 USD
CY2020Q4 us-gaap Long Term Debt Current
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2300000000 USD
CY2021Q4 us-gaap Long Term Debt Noncurrent
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CY2020Q4 us-gaap Long Term Debt Noncurrent
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CY2021Q4 us-gaap Debt Instrument Face Amount
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8000000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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2300000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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1700000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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1300000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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2500000000 USD
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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2300000000 USD
CY2021Q4 mrk Long Term Debt Interest Payable Year One
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910000000 USD
CY2021Q4 mrk Long Term Debt Interest Payable Year Two
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875000000 USD
CY2021Q4 mrk Long Term Debt Interest Payable Year Three
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838000000 USD
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176000000 USD
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743000000 USD
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343000000 USD
CY2020 us-gaap Operating Lease Cost
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340000000 USD
CY2019 us-gaap Operating Lease Cost
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333000000 USD
CY2021 us-gaap Operating Lease Payments
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340000000 USD
CY2020 us-gaap Operating Lease Payments
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334000000 USD
CY2019 us-gaap Operating Lease Payments
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275000000 USD
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CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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125000000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
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CY2020Q4 us-gaap Operating Lease Right Of Use Asset
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304000000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
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291000000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
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1225000000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
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1335000000 USD
CY2021Q4 us-gaap Operating Lease Liability
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1529000000 USD
CY2020Q4 us-gaap Operating Lease Liability
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1626000000 USD
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CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.026
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.028
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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146000000 USD
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511000000 USD
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
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40000000 USD
CY2020Q4 us-gaap Accrual For Environmental Loss Contingencies
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43000000 USD
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CY2021 us-gaap Environmental Exit Costs Reasonably Possible Additional Loss
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40000000 USD
CY2021Q4 us-gaap Common Stock Shares Authorized
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6500000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
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20000000 shares
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93000000 shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P3Y
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P3Y
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P3Y
CY2021 us-gaap Allocated Share Based Compensation Expense
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CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
475000000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
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417000000 USD
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
479000000 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
441000000 USD
CY2019 us-gaap Share Based Compensation
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388000000 USD
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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69000000 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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65000000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
57000000 USD
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75.99
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
77.67
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
80.05
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.80
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.93
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
10.63
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.031
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.031
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.032
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.010
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.004
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.024
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.209
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.221
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.187
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y10M24D
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y9M18D
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y10M24D
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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19446000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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63.64
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
4781000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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75.99
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
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3728000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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54.14
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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626000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
73.97
CY2021 mrk Share Based Compensation Arrangement By Share Based Payment Award Options Transferred In Spinoff Transaction
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsTransferredInSpinoffTransaction
1947000 shares
CY2021 mrk Share Based Compensation Arrangement By Share Based Payment Award Options Transferred In Spinoff Transaction Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsTransferredInSpinoffTransactionWeightedAverageGrantDateFairValue
72.15
CY2021 mrk Share Based Compensation Arrangement By Share Based Payment Award Options Spin Off Adjustment
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsSpinOffAdjustment
646000 shares
CY2021 mrk Share Based Compensation Arrangement By Share Based Payment Award Options Spin Off Adjustment Weighted Average Exercise
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsSpinOffAdjustmentWeightedAverageExercise
0
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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18572000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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65.27
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y3M18D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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213000000 USD
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17829000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
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64.90
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P6Y2M12D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
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212000000 USD
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12136000 shares
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60.41
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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198000000 USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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106000000 USD
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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51000000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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295000000 USD
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
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27000000 USD
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
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25000000 USD
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
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27000000 USD
CY2021 us-gaap Proceeds From Stock Options Exercised
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202000000 USD
CY2020 us-gaap Proceeds From Stock Options Exercised
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89000000 USD
CY2019 us-gaap Proceeds From Stock Options Exercised
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361000000 USD
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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699000000 USD
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P1Y10M24D
CY2021Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
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24900000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
26300000000 USD
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158000000 USD
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158000000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
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143000000 USD
CY2021 us-gaap Investment Income Interest
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36000000 USD
CY2020 us-gaap Investment Income Interest
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59000000 USD
CY2019 us-gaap Investment Income Interest
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274000000 USD
CY2021 us-gaap Interest Expense
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806000000 USD
CY2020 us-gaap Interest Expense
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831000000 USD
CY2019 us-gaap Interest Expense
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893000000 USD
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2019 us-gaap Other Nonoperating Income Expense
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CY2020 mrk Effective Income Tax Rate Reconciliation Global Intangible Low Taxed Income Foreign Derived Intangible Income Deduction Amount
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CY2019 mrk Effective Income Tax Rate Reconciliation Global Intangible Low Taxed Income Foreign Derived Intangible Income Deduction Amount
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CY2019 us-gaap Income Tax Reconciliation Tax Settlements
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CY2020 us-gaap Income Tax Reconciliation Tax Credits Research
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CY2019 us-gaap Income Tax Reconciliation Tax Credits Research
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CY2019 mrk Effective Income Tax Rate Reconciliation Business Combination Three Percent
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CY2021 mrk Effective Income Tax Rate Reconciliation Business Combination Four
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CY2020 mrk Effective Income Tax Rate Reconciliation Business Combination Four
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CY2020 mrk Effective Income Tax Rate Reconciliation Business Combination Four Percent
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CY2019 mrk Effective Income Tax Rate Reconciliation Business Combination Four
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CY2019 mrk Effective Income Tax Rate Reconciliation Business Combination Four Percent
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CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2019 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Restructuring Charges
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CY2020 mrk Effective Income Tax Rate Reconciliation Business Combination Two
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CY2019 mrk Effective Income Tax Rate Reconciliation Business Combination Two
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CY2019 mrk Effective Income Tax Rate Reconciliation Business Combination Two Percent
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CY2020 mrk Effective Income Tax Rate Reconciliation Business Combination
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CY2020 mrk Effective Income Tax Rate Reconciliation Business Combination Percent
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CY2019 mrk Effective Income Tax Rate Reconciliation Business Combination
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Percent
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Amount
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Percent
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CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Amount
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CY2019 us-gaap Income Tax Reconciliation Other Adjustments
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CY2019 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2019 us-gaap Current Federal Tax Expense Benefit
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CY2019 us-gaap Current State And Local Tax Expense Benefit
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CY2021 us-gaap Current Income Tax Expense Benefit
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CY2020 us-gaap Current Income Tax Expense Benefit
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CY2019 us-gaap Current Income Tax Expense Benefit
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CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Income Tax Expense Benefit
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CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2021Q4 mrk Deferred Tax Liabilities Equity Method Investment
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CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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CY2021Q4 mrk Deferred Tax Assets Operating Loss Carryforwards And Other Tax Credit Carryforwards
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CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2020Q4 us-gaap Deferred Income Tax Liabilities
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CY2021Q4 us-gaap Deferred Tax Liabilities
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CY2020Q4 us-gaap Deferred Tax Liabilities
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DeferredtaxassetscreditlosscarryforwardsandNOLcarryforwardsdomestic
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CY2021 us-gaap Income Taxes Paid
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CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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CY2020Q4 us-gaap Unrecognized Tax Benefits
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Revenues
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Revenues
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Revenues
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Revenues
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Revenues
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CY2021 dei Auditor Name
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PricewaterhouseCoopers LLP
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AuditorLocation
Florham Park, New Jersey
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AuditorFirmId
238

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