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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Total Revenues $ 11,887 $ 11,703 $ 23,535 $ 22,776
Cost of products sold [1] 2,720 2,452 5,191 5,293
Marketing, selling and administrative 1,787 1,882 3,618 3,548
Research and development 2,321 2,478 4,581 4,697
Acquired IPRD 400 793 733 799
Amortization of acquired intangible assets 2,417 2,547 4,834 5,060
Other (income)/expense, net 284 (2) 933 (704)
Total Expenses 9,929 10,150 19,890 18,693
Earnings Before Income Taxes 1,958 1,553 3,645 4,083
Provision for Income Taxes 529 492 933 993
Net Earnings 1,429 1,061 2,712 3,090
Noncontrolling Interest 8 6 13 14
Net Earnings Attributable to BMS $ 1,421 $ 1,055 $ 2,699 $ 3,076
Earnings per common share attributable to BMS, basic (in usd per share) $ 0.67 $ 0.47 $ 1.26 $ 1.38
Earnings per common share attributable to BMS, diluted (in usd per share) $ 0.66 $ 0.47 $ 1.25 $ 1.36
Net product sales        
Total Revenues $ 11,485 $ 11,405 $ 22,793 $ 22,203
Alliance and other revenues        
Total Revenues $ 402 $ 298 $ 742 $ 573
[1] Excludes amortization of acquired intangible assets