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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Total Revenues $ 12,201 $ 11,226 $ 24,066 $ 22,563
Cost of products sold [1] 3,267 2,876 6,199 5,442
Marketing, selling and administrative 1,928 1,934 4,295 3,696
Research and development 2,899 2,258 5,594 4,579
Acquired IPRD 132 158 13,081 233
Amortization of acquired intangible assets 2,416 2,257 4,773 4,513
Other (income)/expense, net 273 (116) 354 (529)
Total Expenses 10,915 9,367 34,296 17,934
Earnings/(loss) before income taxes 1,286 1,859 (10,230) 4,629
Income tax (benefit)/provision (398) (218) (6) 285
Net earnings/(loss) 1,684 2,077 (10,224) 4,344
Noncontrolling interest 4 4 7 9
Net earnings/(loss) attributable to BMS $ 1,680 $ 2,073 $ (10,231) $ 4,335
Earnings/(Loss) per common share:        
Basic (usd per share) $ 0.83 $ 0.99 $ (5.05) $ 2.07
Diluted (usd per share) $ 0.83 $ 0.99 $ (5.05) $ 2.06
Net product sales        
Total Revenues $ 11,925 $ 10,917 $ 23,484 $ 21,965
Alliance and other revenues        
Total Revenues $ 276 $ 309 $ 582 $ 598
[1] Excludes amortization of acquired intangible assets