Pfizer 2015 Annual Report Download - page 38

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Financial Review
Pfizer Inc. and Subsidiary Companies
2015 Financial Report
37
Certain Significant Items
Adjusted income is calculated prior to considering certain significant items. Certain significant items represent substantive, unusual items that
are evaluated on an individual basis. Such evaluation considers both the quantitative and the qualitative aspect of their unusual nature.
Unusual, in this context, may represent items that are not part of our ongoing business; items that, either as a result of their nature or size, we
would not expect to occur as part of our normal business on a regular basis; items that would be non-recurring; or items that relate to products
we no longer sell. While not all-inclusive, examples of items that could be included as certain significant items would be a major non-
acquisition-related restructuring charge and associated implementation costs for a program that is specific in nature with a defined term, such
as those related to our global commercial structure reorganization and our other non-acquisition-related cost-reduction and productivity
initiatives; amounts related to certain disposals of businesses, products or facilities that do not qualify as discontinued operations under U.S.
GAAP; certain intangible asset impairments; adjustments related to the resolution of certain tax positions; the impact of adopting certain
significant, event-driven tax legislation; or charges related to certain legal matters, such as certain of those discussed in Notes to Consolidated
Financial Statements—Note 17A. Commitments and Contingencies: Legal Proceedings and in Part II, Item 1, “Legal Proceedings” in our
Quarterly Reports on Form 10-Q. Normal, ongoing defense costs of the Company or settlements of and accruals for legal matters made in the
normal course of our business would not be considered certain significant items.