BMY » Topics » Segment Results

This excerpt taken from the BMY 10-Q filed Apr 28, 2009.

Segment Results

As discussed in “Item 1. Financial Statements—Note 3. Business Segments,” in 2009 the Company changed the allocation of certain assets and operating activities, previously classified as “Corporate/Other,” to the BioPharmaceuticals and Mead Johnson segments for management analysis and reporting purposes. The following table reconciles the Company’s segment results to earnings from continuing operations before income taxes. Reconciling items are specified items, see “—Specified Items” above, and share of earnings attributable to noncontrolling interest.



Three Months Ended March 31,


Segment Results


% Change


% of Net Segment Sales

Dollars in Millions   





2009 vs.







   $   1,098    $ 832    32%    25%    20%

Mead Johnson

     159      208    (24)%    23%    30%

Total segment results

     1,257      1,040    21%      

Reconciliation of segment results to earnings from continuing operations before income taxes:


Specified items

     (288)      (174)         

Noncontrolling interest — pre-tax

     415      341    22%      

Earnings from continuing operations before income taxes

   $ 1,384    $ 1,207    15%      

"Segment Results" elsewhere:

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