The accompanying notes are an integral part of these consolidated financial statements.  29  2012 Annual Report  CONSOLIDATED STATEMENTS OF EARNINGS  Dollars and Shares in Millions, Except Per Share Data  Year Ended December 31, EARNINGS  2012 2011 2010 Net Sales  $  17,621  $   21,244 $  19,484  Cost of products sold   4,610   5,598  5,277  Marketing, selling and administrative   4,220   4,203  3,686  Advertising and product promotion   797   957  977  Research and development   3,904   3,839  3,566  Impairment charge for BMS-986094 intangible asset   1,830   -  -  Other (income)/expense   (80)  (334)  (93) Total Expenses   15,281   14,263   13,413  Earnings Before Income Taxes   2,340   6,981  6,071  Provision for/(Benefit from) Income Taxes   (161)  1,721  1,558  Net Earnings   2,501   5,260  4,513  Net Earnings Attributable to Noncontrolling Interest   541   1,551  1,411  Net Earnings Attributable to BMS  $  1,960  $   3,709 $  3,102  Earnings per Common Share  Basic $  1.17  $  2.18 $  1.80  Diluted  1.16  2.16  1.79  Cash dividends declared per common share  $  1.37  $  1.33 $  1.29 