losses, reflects the impact of changes in actuarial assumptions and the difference between actual return on plan assets and expected return on plan assets. See also Notes to Consolidated Financial Statements—Note 11. Pension and Postretirement Benefit Plans and Defined Contribution Plans.

2011

For Foreign currency translation adjustments, reflects the strengthening of several foreign currencies against the U.S. dollar, primarily the

euro, the Japanese yen, the British pound, and the Australian dollar.

For Unrealized holding gains/(losses) on derivative financial instruments, reflects the impact of fair value adjustments. See also Notes to

Consolidated Financial Statements—Note 7A. Financial Instruments: Selected Financial Assets and Liabilities.

For Benefit plans: Actuarial losses, reflects the impact of changes in actuarial assumptions and the difference between actual return on plan assets and expected return on plan assets. See also Notes to Consolidated Financial Statements—Note 11. Pension and Postretirement Benefit Plans and Defined Contribution Plans.

2010

For Foreign currency translation adjustments, reflects the weakening of several foreign currencies against the U.S. dollar, primarily the euro

and the British pound.

For Unrealized holding gains/(losses) on derivative financial instruments, reflects the impact of fair value adjustments. See also Notes to

Consolidated Financial Statements—Note 7A. Financial Instruments: Selected Financial Assets and Liabilities.

For Benefit plans: Actuarial losses, reflects the impact of changes in actuarial assumptions and the difference between actual return on plan assets and expected return on plan assets. See also Notes to Consolidated Financial Statements—Note 11. Pension and Postretirement Benefit Plans and Defined Contribution Plans.

ANALYSIS OF THE CONSOLIDATED BALANCE SHEETS

For information about certain of our financial assets and liabilities, including Cash and cash equivalents, Short-term investments, Long-term investments, Short-term borrowings, including current portion of long-term debt, and Long-term debt, see “Analysis of Financial Condition, Liquidity and Capital Resources” below.

For Assets of discontinued operations and other assets held for sale, the decrease reflects the sale of our Nutrition business (see Notes to Consolidated Financial Statements—Note 2B. Acquisitions, Divestitures, Collaborative Arrangements and Equity-Method Investments: Divestitures).

Many changes in our asset and liability accounts as of December 31, 2012, compared to December 31, 2011, reflect, among other things, increases associated with our acquisitions of Alacer Corp., Ferrosan Holding A/S and NextWave Pharmaceuticals, Inc. (see Notes to Consolidated Financial Statements—Note 2A. Acquisitions, Divestitures, Collaborative Arrangements and Equity-Method Investments: Acquisitions) and decreases due to the impact of foreign exchange.

For Accounts Receivable, net, see “Selected Measures of Liquidity and Capital Resources: Accounts Receivable” below.

For Property, plant and equipment, less accumulated depreciation, the change also reflects depreciation in excess of capital additions.

For