RECEIVABLES

9 Months Ended

Sep. 30, 2012

Receivables [Abstract]

Receivables [Text Block]

Note 9. RECEIVABLES

Receivables include:

	September 30,		December 31,
Dollars in Millions	2012		2011
Trade receivables	$	1,844	$	2,397
Less allowances		(110)		(147)
Net trade receivables		1,734		2,250
Alliance partners receivables		755		1,081
Prepaid and refundable income taxes		202		256
Miscellaneous receivables		198		156
Receivables	$	2,889	$	3,743

Receivables are netted with deferred income related to alliance partners until recognition of income. As a result, alliance partner receivables and deferred income were reduced by $1,081 million and $901million at September 30, 2012 and December 31, 2011, respectively. For additional information regarding alliance partners, see “—Note 3. Alliances and Collaborations.” Non-U.S. receivables sold on a nonrecourse basis were $734 million and $806 million for the nine months endedSeptember 30, 2012 and 2011, respectively. In the aggregate, receivables due from three pharmaceutical wholesalers in the U.S. represented 39% and 55% of total trade receivables at September 30, 2012 and December 31, 2011, respectively.