FINANCING ARRANGEMENTS (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Short-term debt obligations include:

Dollars in millions	March 31, 2023		December 31, 2022
Non-U.S. short-term borrowings	$	155	$	176
Current portion of Long-term debt	2,254		3,897
Other	343		191
Total	$	2,752	$	4,264

Schedule of Long-term Debt and Current Portion of Long-term Debt

Long-term debt and the current portion of Long-term debt include:

Dollars in millions	March 31, 2023		December 31, 2022
Principal value	$	36,622	$	38,234
Adjustments to principal value:
Fair value of interest rate swap contracts	(14)		(18)
Unamortized basis adjustment from swap terminations	92		97
Unamortized bond discounts and issuance costs	(278)		(284)
Unamortized purchase price adjustments of Celgene debt	910		924
Total	$	37,332	$	38,953
Current portion of Long-term debt	$	2,254	$	3,897
Long-term debt	35,078		35,056
Total	$	37,332	$	38,953