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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