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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Total Revenues $ 11,218 $ 11,624 $ 34,753 $ 34,400
Cost of products sold [1] 2,353 2,291 7,544 7,584
Marketing, selling and administrative 1,930 1,788 5,548 5,336
Research and development 2,418 2,980 6,999 7,677
Acquired IPRD 30 271 763 1,070
Amortization of acquired intangible assets 2,418 2,546 7,252 7,606
Other (income)/expense, net (140) (409) 793 (1,113)
Total Expenses 9,009 9,467 28,899 28,160
Earnings Before Income Taxes 2,209 2,157 5,854 6,240
Provision for Income Taxes 601 605 1,534 1,598
Net Earnings 1,608 1,552 4,320 4,642
Noncontrolling Interest 2 6 15 20
Net Earnings Attributable to BMS $ 1,606 $ 1,546 $ 4,305 $ 4,622
Earnings per common share attributable to BMS, basic (in usd per share) $ 0.75 $ 0.70 $ 2.01 $ 2.08
Earnings per common share attributable to BMS, diluted (in usd per share) $ 0.75 $ 0.69 $ 2.00 $ 2.05
Net product sales        
Total Revenues $ 10,813 $ 11,243 $ 33,606 $ 33,446
Alliance and other revenues        
Total Revenues $ 405 $ 381 $ 1,147 $ 954
[1] Excludes amortization of acquired intangible assets