Other Financial Information (Tables)

3 Months Ended

Mar. 31, 2024

Other Financial Information [Abstract]

Schedule of Components of Inventories, Current

The following summarizes the components of Inventories:
(MILLIONS)	March 31, 2024		December 31, 2023
Finished goods	$	3,491	$	3,495
Work-in-process	6,273		5,688
Raw materials and supplies	1,128		1,007
Inventories(a)	$	10,892	$	10,189
Noncurrent inventories not included above(b)	$	3,361	$	4,568

(a)The increase from December 31, 2023 reflects higher inventory levels for certain products mainly for supply recovery and network strategy, partially offset by decreases due to net market demand.

(b)Included in Other noncurrent assets. The decrease from December 31, 2023 is primarily driven by an adjustment to the fair value step-up of acquired Seagen inventory. Based on our current estimates and assumptions, there are no recoverability issues for these amounts.

Schedule of Components of Inventories, Noncurrent

The following summarizes the components of Inventories:
(MILLIONS)	March 31, 2024		December 31, 2023
Finished goods	$	3,491	$	3,495
Work-in-process	6,273		5,688
Raw materials and supplies	1,128		1,007
Inventories(a)	$	10,892	$	10,189
Noncurrent inventories not included above(b)	$	3,361	$	4,568

(a)The increase from December 31, 2023 reflects higher inventory levels for certain products mainly for supply recovery and network strategy, partially offset by decreases due to net market demand.

(b)Included in Other noncurrent assets. The decrease from December 31, 2023 is primarily driven by an adjustment to the fair value step-up of acquired Seagen inventory. Based on our current estimates and assumptions, there are no recoverability issues for these amounts.