ALLIANCES (Tables)

12 Months Ended

Dec. 31, 2023

Alliances [Abstract]

Financial Information Pertaining to Alliances

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.

	Year Ended December 31,
Dollars in millions	2023		2022		2021
Revenues from alliances:
Net product sales	$	12,543	$	12,001	$	10,840
Alliance revenues	608		742		716
Total Revenues	$	13,151	$	12,743	$	11,556
Payments to/(from) alliance partners:
Cost of products sold	$	6,067	$	5,768	$	5,227
Marketing, selling and administrative	(263)		(223)		(183)
Research and development	137		49		42
Acquired IPRD	55		100		730
Other (income)/expense, net	(49)		(53)		(62)

Selected alliance balance sheet information:	December 31,
Dollars in millions	2023		2022
Receivables – from alliance partners	$	233	$	317
Accounts payable – to alliance partners	1,394		1,249
Deferred income from alliances(a)	274		289

(a)    Includes unamortized upfront and milestone payments.

Summarized financial information related to this alliance was as follows:

	Year Ended December 31,
Dollars in millions	2023		2022		2021
Revenues from Pfizer alliance:
Net product sales	$	12,006	$	11,488	$	10,431
Alliance revenues	200		301		331
Total revenues	$	12,206	$	11,789	$	10,762
Payments to/(from) Pfizer:
Cost of products sold – profit sharing	5,833		5,604		5,064
Other (income)/expense, net – amortization of deferred income	(42)		(42)		(36)

Selected alliance balance sheet information:	December 31,
Dollars in millions	2023		2022
Receivables	$	169	$	191
Accounts payable	1,311		1,208
Deferred income	180		222

Summarized financial information related to this alliance was as follows:

	Year Ended December 31,
Dollars in millions	2023		2022		2021
Revenues from Ono alliances:
Net product sales	$	180	$	216	$	251
Alliance revenues	408		441		385
Total Revenues	$	588	$	657	$	636