Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name Merck & Co. Inc.
CIK 0000310158
Accession number 0000310158-14-000009
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/310158/000031015814000009/mrk-20131231.xml
Fiscal year end --12-31
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-31
Current year-to-date income statement start date 2013-01-01

Commentary Conforms with all rules.

Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Deferred income taxes at December 31 consisted of:
 
2013
 
2012
  
Assets
 
Liabilities
 
Assets
 
Liabilities
Intangibles
$

 
$
3,772

 
$

 
$
4,584

Inventory related
49

 
604

 
79

 
488

Accelerated depreciation
125

 
1,215

 
129

 
1,348

Unremitted foreign earnings

 
2,361

 

 
2,435

Equity investments

 
539

 

 
451

Pensions and other postretirement benefits
162

 
543

 
1,098

 
109

Compensation related
600

 

 
748

 

Unrecognized tax benefits
497

 

 
706

 

Net operating losses and other tax credit carryforwards
225

 

 
425

 

Other
1,605

 
71

 
1,798

 
91

Subtotal
3,263

 
9,105

 
4,983

 
9,506

Valuation allowance
(205
)
 
 
 
(107
)
 
 
Total deferred taxes
$
3,058

 
$
9,105

 
$
4,876

 
$
9,506

Net deferred income taxes
 
 
$
6,047

 
 
 
$
4,630

Recognized as:
 
 
 
 
 
 
 
Deferred income taxes and other current assets
$
572

 
 
 
$
624

 
 
Other assets
381

 
 
 
527

 
 
Income taxes payable
 
 
$
224

 
 
 
$
41

Deferred income taxes
 
 
6,776

 
 
 
5,740


Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 3,263,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance -205,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 3,058,000,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities -9,105,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -6,047,000,000
CHECK 0

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(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 0
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent -6,776,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -6,047,000,000
CHECK 0

*


(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 3,058,000,000
Deferred tax liabilities, net -9,105,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -6,047,000,000
CHECK 0

*


*

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