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

  

2008

  

2009 vs.

2008

  

2009

  

2008

BioPharmaceuticals

   $   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:

BECTON DICKINSON & CO (BDX)
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki