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Collaborative Arrangements (Tables) | 9 Months Ended
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Sep. 30, 2023
Collaborative Arrangements [Abstract] |
Collaboration Arrangements | Summarized financial information related to this collaboration is as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
($ in millions) | 2023 |  | 2022 |  | 2023 |  | 2022
Alliance revenue - Lynparza | $ | 299 |  |  | $ | 284 |  |  | $ | 884 |  |  | $ | 825 |
Alliance revenue - Koselugo | 26 |  |  | 10 |  |  | 74 |  |  | 43 |
Total alliance revenue | $ | 325 |  |  | $ | 294 |  |  | $ | 958 |  |  | $ | 868 |
Cost of sales (1) | 82 |  |  | 64 |  |  | 230 |  |  | 425 |
Selling, general and administrative | 44 |  |  | 45 |  |  | 143 |  |  | 135 |
Research and development | 23 |  |  | 28 |  |  | 65 |  |  | 79 |
($ in millions) |  |  |  |  | September 30, 2023 |  | December 31, 2022
Receivables from AstraZeneca included in Other current assets |  |  |  |  | $ | 337 |  |  | $ | 303 |
Payables to AstraZeneca included in Accrued and other current liabilities (2) |  |  |  |  | 257 |  |  | 123 |
Payables to AstraZeneca included in Other Noncurrent Liabilities (2) |  |  |  |  | 600 |  |  | 600 |
(1) Represents amortization of capitalized milestone payments. Amount in the first nine months of 2022 includes $250 million of cumulative amortization catch-up expense as noted above. (2) Includes accrued milestone payments. Summarized financial information related to this collaboration is as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
($ in millions) | 2023 |  | 2022 |  | 2023 |  | 2022
Alliance revenue - Lenvima | $ | 260 |  |  | $ | 202 |  |  | $ | 734 |  |  | $ | 660 |
Cost of sales (1) | 137 |  |  | 53 |  |  | 320 |  |  | 159 |
Selling, general and administrative | 46 |  |  | 42 |  |  | 145 |  |  | 115 |
Research and development | 5 |  |  | 24 |  |  | 61 |  |  | 128 |
($ in millions) |  |  |  |  | September 30, 2023 |  | December 31, 2022
Receivables from Eisai included in Other current assets |  |  |  |  | $ | 260 |  |  | $ | 214 |
Payables to Eisai included in Accrued and other current liabilities (2) |  |  |  |  | 125 |  |  | — |
(1) Represents amortization of capitalized milestone payments. Amounts in the third quarter and first nine months of 2023 include $81 million and $154 million, respectively, of cumulative amortization catch-up expense as noted above. (2) Represents an accrued milestone payment. Summarized financial information related to this collaboration is as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
($ in millions) | 2023 |  | 2022 |  | 2023 |  | 2022
Alliance revenue - Adempas/Verquvo | $ | 92 |  |  | $ | 88 |  |  | $ | 259 |  |  | $ | 258 |
Net sales of Adempas recorded by Merck | 65 |  |  | 57 |  |  | 189 |  |  | 181 |
Net sales of Verquvo recorded by Merck | 8 |  |  | 6 |  |  | 24 |  |  | 15 |
Total sales | $ | 165 |  |  | $ | 151 |  |  | $ | 472 |  |  | $ | 454 |
Cost of sales (1) | 53 |  |  | 55 |  |  | 165 |  |  | 158 |
Selling, general and administrative | 33 |  |  | 42 |  |  | 100 |  |  | 107 |
Research and development | 26 |  |  | 18 |  |  | 76 |  |  | 52 |
($ in millions) |  |  |  |  | September 30, 2023 |  | December 31, 2022
Receivables from Bayer included in Other current assets |  |  |  |  | $ | 157 |  |  | $ | 143 |
Payables to Bayer included in Accrued and other current liabilities |  |  |  |  | 82 |  |  | 80 |
(1) Includes amortization of intangible assets. Summarized financial information related to this collaboration is as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
($ in millions) | 2023 |  | 2022 |  | 2023 |  | 2022
Net sales of Lagevrio recorded by Merck | $ | 640 |  |  | $ | 436 |  |  | $ | 1,236 |  |  | $ | 4,859 |
Cost of sales (1)(2) | 348 |  |  | 244 |  |  | 762 |  |  | 2,586 |
Selling, general and administrative (2) | 21 |  |  | 48 |  |  | 72 |  |  | 117 |
Research and development (2) | 8 |  |  | 18 |  |  | 33 |  |  | 74 |
($ in millions) |  |  |  |  | September 30, 2023 |  | December 31, 2022
Payables to Ridgeback included in Accrued and other current liabilities (3) |  |  |  |  | $ | 242 |  |  | $ | 348 |
(1) Includes royalty expense, amortization of capitalized milestone payments and inventory reserves. (2) Expenses include an allocation for overhead charges. (3) Includes accrued royalties. Amount at December 31, 2022 also includes an accrued milestone payment.

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- Definition Tabular disclosure of collaborative arrangement and arrangement other than collaborative applicable to revenue-generating activity or operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 808 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479402/808-10-50-1 + Details
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