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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Total revenues $ 10,966 $ 11,218 $ 33,529 $ 34,753
Cost of products sold [1] 2,506 2,353 7,948 7,544
Marketing, selling and administrative 2,003 1,930 5,699 5,548
Research and development 2,242 2,418 6,821 6,999
Acquired IPRD 80 30 313 763
Amortization of acquired intangible assets 2,256 2,418 6,769 7,252
Other (income)/expense, net (258) (140) (787) 793
Total Expenses 8,829 9,009 26,763 28,899
Earnings before income taxes 2,137 2,209 6,766 5,854
Income tax provision 203 601 488 1,534
Net earnings 1,934 1,608 6,278 4,320
Noncontrolling interest 6 2 15 15
Net earnings attributable to BMS $ 1,928 $ 1,606 $ 6,263 $ 4,305
Earnings per common share:        
Basic (usd per share) $ 0.94 $ 0.75 $ 3.01 $ 2.01
Diluted (usd per share) $ 0.93 $ 0.75 $ 2.99 $ 2.00
Net product sales        
Total revenues $ 10,645 $ 10,813 $ 32,610 $ 33,606
Alliance and other revenues        
Total revenues $ 321 $ 405 $ 919 $ 1,147
[1] Excludes amortization of acquired intangible assets