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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Total revenues $ 11,226 $ 11,887 $ 22,563 $ 23,535
Cost of products sold [1] 2,876 2,720 5,442 5,191
Marketing, selling and administrative 1,934 1,787 3,696 3,618
Research and development 2,258 2,321 4,579 4,581
Acquired IPRD 158 400 233 733
Amortization of acquired intangible assets 2,257 2,417 4,513 4,834
Other (income)/expense, net (116) 284 (529) 933
Total Expenses 9,367 9,929 17,934 19,890
Earnings before income taxes 1,859 1,958 4,629 3,645
Income tax (benefit)/provision (218) 529 285 933
Net earnings 2,077 1,429 4,344 2,712
Noncontrolling interest 4 8 9 13
Net earnings attributable to BMS $ 2,073 $ 1,421 $ 4,335 $ 2,699
Earnings per common share:        
Basic (usd per share) $ 0.99 $ 0.67 $ 2.07 $ 1.26
Diluted (usd per share) $ 0.99 $ 0.66 $ 2.06 $ 1.25
Net product sales        
Total revenues $ 10,917 $ 11,485 $ 21,965 $ 22,793
Alliance and other revenues        
Total revenues $ 309 $ 402 $ 598 $ 742
[1] Excludes amortization of acquired intangible assets