ALLIANCES (Tables)

9 Months Ended

Sep. 30, 2025

ALLIANCES [Abstract]

Selected Financial Information For Alliances

Selected financial information pertaining to alliances was as follows, including net product sales when BMS is the principal in the third-party customer sale for products subject to the alliance. Expenses summarized below do not include all amounts attributed to the activities for the products in the alliance, but only the payments between the alliance partners or the related amortization if the payments were deferred or capitalized.

	Three Months Ended September 30,				Nine Months Ended September 30,
Dollars in millions	2025		2024		2025		2024
Revenues from alliances:
Net product sales	$	3,755	$	3,091	$	11,110	$	10,323
Alliance revenues	125		105		332		355
Total alliance revenues	$	3,880	$	3,196	$	11,442	$	10,678
Payments to/(from) alliance partners:
Cost of products sold	$	1,851	$	1,496	$	5,466	$	5,013
Selling, general and administrative	(62)		(76)		(195)		(220)
Research and development	82		50		233		150
Acquired IPRD	250		—		1,750		880
Other (income)/expense, net	11		(12)		(11)		(126)

Dollars in millions	September 30, 2025		December 31, 2024
Selected alliance balance sheet information:
Receivables – from alliance partners	$	198	$	221
Accounts payable – to alliance partners	2,141		1,578
Deferred income – from alliances(a)	190		222

(a) Includes unamortized upfront and milestone payments.