ALLIANCES

3 Months Ended

Mar. 31, 2023

ALLIANCES [Abstract]

Alliances

ALLIANCES

BMS enters into collaboration arrangements with third parties for the development and commercialization of certain products. Although each of these arrangements is unique in nature, both parties are active participants in the operating activities of the collaboration and exposed to significant risks and rewards depending on the commercial success of the activities. BMS refers to these collaborations as alliances and its partners as alliance partners.

Selected financial information pertaining to alliances was as follows, including net product sales when BMS is the principal in the third-party customer sale for products subject to the alliance. Expenses summarized below do not include all amounts attributed to the activities for the products in the alliance, but only the payments between the alliance partners or the related amortization if the payments were deferred or capitalized.

	Three Months Ended March 31,
Dollars in millions	2023		2022
Revenues from alliances
Net product sales	$	3,532	$	3,239
Alliance revenues	144		188
Total alliance revenues	$	3,676	$	3,427
Payments to/(from) alliance partners
Cost of products sold	$	1,706	$	1,556
Marketing, selling and administrative	(74)		(54)
Research and development	44		22
Other (income)/expense, net	(12)		(12)

Dollars in millions	March 31, 2023		December 31, 2022
Selected alliance balance sheet information
Receivables – from alliance partners	$	274	$	317
Accounts payable – to alliance partners	1,623		1,249
Deferred income – from alliances(a)	314		289

(a) Includes unamortized upfront and milestone payments.

The nature, purpose, significant rights and obligations of the parties and specific accounting policy elections for each of the Company's significant alliances are discussed in the 2022 Form 10-K.