FINANCING ARRANGEMENTS (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Short-term debt obligations include:

Dollars in millions	June 30, 2024		December 31, 2023
Commercial paper borrowings	$	266	$	—
Non-U.S. short-term financing obligations	173		170
Current portion of Long-term debt	3,092		2,873
Other	—		76
Short-term debt obligations	$	3,531	$	3,119

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	June 30, 2024		December 31, 2023
Principal value	$	51,449	$	38,886
Adjustments to principal value:
Fair value of interest rate swap contracts	(17)		(11)
Unamortized basis adjustment from swap terminations	76		82
Unamortized bond discounts and issuance costs	(405)		(303)
Unamortized purchase price adjustments of Celgene debt	847		872
Total	$	51,950	$	39,526
Current portion of Long-term debt	$	3,092	$	2,873
Long-term debt	48,858		36,653
Total	$	51,950	$	39,526

During the first quarter of 2024, BMS issued an aggregate principal amount of $13.0 billion of unsecured senior notes ("2024 Senior Unsecured Notes"), with proceeds, net of discount and loan issuance costs, of $12.9 billion, consisting of:

	Principal Amount (in millions)
Floating rate notes due 2026(a)	$	500
4.950% Notes due 2026	1,000
4.900% Notes due 2027	1,000
4.900% Notes due 2029	1,750
5.100% Notes due 2031	1,250
5.200% Notes due 2034	2,500
5.500% Notes due 2044	500
5.550% Notes due 2054	2,750
5.650% Notes due 2064	1,750
Total	$	13,000

(a)    As of June 30, 2024, floating rate equals SOFR+0.49%.