XML 32 R18.htm IDEA: XBRL DOCUMENT v3.25.0.1
RECEIVABLES
 12 Months Ended
Dec. 31, 2024
Accounts Receivable, after Allowance for Credit Loss [Abstract]  
RECEIVABLES RECEIVABLES
 December 31,
Dollars in millions20242023
Trade receivables$9,957 $9,551 
Less charge-backs and cash discounts(900)(646)
Less allowance for expected credit loss(45)(23)
Net trade receivables9,012 8,882 
Alliance, royalties, VAT and other1,735 2,039 
Receivables$10,747 $10,921 

Non-U.S. receivables sold on a nonrecourse basis were $477 million in 2024, $1.0 billion in 2023 and $1.0 billion in 2022. Receivables from the three largest customers in the U.S. represented 74% and 72% of total trade receivables at December 31, 2024 and 2023, respectively.

Changes to the allowance for expected credit loss, charge-backs and cash discounts were as follows:
 Year Ended December 31,
Dollars in millions202420232022
Beginning balance
$669 $697 $744 
Provision(a)
11,551 9,158 7,476 
Utilization(11,272)(9,186)(7,521)
Other(3)— (2)
Ending balance
$945 $669 $697 
(a)    Includes provision for expected credit loss of $41 million in 2024, $14 million in 2023 and $7 million in 2022.