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RECEIVABLES

9 Months Ended

Sep. 30, 2025

Accounts Receivable, after Allowance for Credit Loss [Abstract]


Dollars in millions	September 30, 2025		December 31, 2024
Trade receivables	$	10,664	$	9,957
Less charge-backs and cash discounts	(988)		(900)
Less allowance for expected credit loss	(52)		(45)
Net trade receivables	9,624		9,012
Alliance, royalties, VAT and other	1,798		1,735
Receivables	$	11,422	$	10,747

Non-U.S. receivables sold on a nonrecourse basis were $267 million and $387 million for the nine months ended September 30, 2025 and 2024, respectively. Receivables from the three largest customers in the U.S. represented 73% and 74% of total trade receivables as of September 30, 2025 and December 31, 2024, respectively.