Discontinued Operations

12 Months Ended

Dec. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

In contemplation of the Separation, the Merck Retained Products business in the Transferred Entities was distributed to Merck affiliates and, accordingly, the historical results of operations, assets and liabilities, and the cash flows of the Merck Retained Products for such Transferred Entities are reflected as discontinued operations.

The components of Loss from discontinued operations, net of tax for the Merck Retained Products business are as follows:

	Year Ended December 31,
($ in millions)	2021
Sales	$	93
Costs, Expenses and Other
Cost of Sales	65
Selling, general and administrative	15
Research and development	4
Restructuring Costs	—
Other expense, net	4
Loss from discontinued operations before taxes	$	5
Taxes on income	5
Loss from discontinued operations, net of taxes	$	—

Discontinued operations include related party sales of $12 million for the year ended December 31, 2021. Costs for inventory purchases from related parties were $53 million for the year ended December 31, 2021.