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Revenue
 9 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The following table summarizes our revenue recognized in our consolidated condensed statements of operations:
Three Months Ended September 30,Nine Months Ended September 30,
 2024202320242023
Net product revenue$10,571.6 $7,306.2 $28,723.0 $20,524.2 
Collaboration and other revenue
867.5 2,192.4 2,786.9 4,246.5 
Revenue$11,439.1 $9,498.6 $31,509.9 $24,770.7 
We recognize revenue primarily from two different types of contracts, product sales to customers (net product revenue) and collaborations and other arrangements. Revenue recognized from collaborations and other arrangements includes our share of profits from the collaborations, as well as royalties, upfront and milestone payments we receive under these types of contracts. See Note 4 for additional information related to our collaborations and other arrangements. Collaboration and other revenue disclosed above includes the revenue from the Jardiance® and Trajenta® families of products resulting from our collaboration with Boehringer Ingelheim, as well as from the 2023 sales of rights for the olanzapine portfolio, including Zyprexa®, and for Baqsimi®, all of which are discussed in Note 4. Substantially all of the remainder of collaboration and other revenue is related to contracts accounted for as contracts with customers. Collaboration and other revenue associated with intellectual property licensed in prior periods was not material during the three and nine months ended September 30, 2024 and 2023.
Adjustments to Revenue
Adjustments to revenue recognized as a result of changes in estimates for our most significant United States (U.S.) sales returns, rebates, and discounts liability balances for products shipped in previous periods were 6 percent and 2 percent of U.S. revenue during the three months ended September 30, 2024 and 2023, respectively, and 4 percent and less than 1 percent of U.S. revenue during the nine months ended September 30, 2024 and 2023, respectively.
Contract Liabilities
Our contract liabilities result from arrangements where we have received payment in advance of performance under the contract and do not include sales returns, rebates, and discounts. Changes in contract liabilities are generally due to either receipt of additional advance payments or our performance under the contract.
The following table summarizes contract liability balances:
 September 30, 2024December 31, 2023
Contract liabilities$173.2 $193.6 
During the three and nine months ended September 30, 2024 and 2023, revenue recognized from contract liabilities as of the beginning of the respective year was not material. Revenue expected to be recognized in the future from contract liabilities as the related performance obligations are satisfied is not expected to be material in any one year.
Disaggregation of Revenue
The following table summarizes revenue, including net product revenue and collaboration and other revenue, by product for the three months ended September 30, 2024 and 2023:
Three Months Ended September 30,
 20242023
U.S.
Outside U.S.Total
U.S.
Outside U.S.Total
Cardiometabolic Health:
Mounjaro®
$2,384.7 $728.0 $3,112.7 $1,277.0 $132.4 $1,409.3 
Trulicity®
935.3 366.0 1,301.4 1,259.0 414.6 1,673.6 
Zepbound®
1,257.8 — 1,257.8 — — — 
Jardiance(1)
335.9 350.5 686.4 415.9 284.8 700.8 
Humalog® (2)
323.9 210.8 534.6 194.2 201.2 395.4 
Humulin®
149.9 57.1 207.1 145.5 61.2 206.7 
Basaglar® (3)
85.5 76.2 161.6 111.4 68.2 179.6 
Baqsimi8.2 5.1 13.4 3.8 9.3 13.1 
Other cardiometabolic health35.8 96.3 132.0 53.2 88.6 141.9 
Total cardiometabolic health5,517.0 1,890.0 7,407.0 3,460.0 1,260.3 4,720.4 
Oncology:
Verzenio®
878.8 490.4 1,369.3 684.6 355.7 1,040.2 
Cyramza®
106.5 129.4 236.0 88.0 136.1 224.1 
Erbitux®
133.2 18.7 152.0 134.0 19.9 153.9 
Tyvyt®
— 150.2 150.2 — 115.1 115.1 
Other oncology175.8 148.8 324.3 95.0 118.7 213.8 
Total oncology1,294.3 937.5 2,231.8 1,001.6 745.5 1,747.1 
Immunology:
Taltz®
600.3 279.3 879.6 509.3 234.9 744.2 
Olumiant®
68.9 181.8 250.8 65.7 165.7 231.4 
Other immunology24.9 30.5 55.3 — 11.4 11.4 
Total immunology694.1 491.6 1,185.7 575.0 412.0 986.9 
Neuroscience:
Emgality®
141.3 61.6 202.9 126.5 42.1 168.5 
Zyprexa (4)
1.9 29.8 31.7 49.9 1,431.5 1,481.4 
Other neuroscience58.1 59.1 117.2 31.0 87.0 118.2 
Total neuroscience201.3 150.5 351.8 207.4 1,560.6 1,768.1 
Other:
Forteo®
71.7 46.4 118.1 101.2 45.2 146.4 
Cialis®
4.2 87.3 91.5 4.9 82.0 86.8 
Other31.1 22.1 53.2 18.0 24.8 42.9 
Total other107.0 155.8 262.8 124.1 152.0 276.1 
Revenue$7,813.6 $3,625.5 $11,439.1 $5,368.1 $4,130.5 $9,498.6 
Numbers may not add due to rounding.
(1) Jardiance revenue includes Glyxambi®, Synjardy®, and Trijardy® XR.
(2) Humalog revenue includes insulin lispro.
(3) Basaglar revenue includes Rezvoglar®.
(4) Zyprexa revenue includes sale of rights for the olanzapine portfolio in July 2023.
The following table summarizes revenue, including net product revenue and collaboration and other revenue, by product for the nine months ended September 30, 2024 and 2023:
Nine Months Ended September 30,
 20242023
U.S.Outside U.S.TotalU.S.Outside U.S.Total
Cardiometabolic Health:
Mounjaro$6,318.7 $1,691.3 $8,010.0 $2,729.1 $228.4 $2,957.5 
Trulicity2,894.0 1,109.3 4,003.3 4,177.7 1,285.6 5,463.2 
Zepbound3,018.4 — 3,018.4 — — — 
Jardiance(1)
1,133.1 1,009.4 2,142.5 1,131.5 815.1 1,946.6 
Humalog(2)
1,096.8 608.1 1,704.9 695.6 601.2 1,296.8 
Humulin472.3 164.5 636.8 488.6 175.4 664.0 
Basaglar(3)
273.9 226.1 500.0 329.7 213.4 543.1 
Baqsimi1.4 23.4 24.8 633.1 25.4 658.4 
Other cardiometabolic health114.4 259.5 373.9 131.1 260.7 392.0 
Total cardiometabolic health15,323.0 5,091.6 20,414.6 10,316.4 3,605.2 13,921.6 
Oncology:
Verzenio2,378.4 1,373.1 3,751.5 1,734.2 983.7 2,717.9 
Cyramza329.9 384.8 714.7 303.6 417.5 721.1 
Erbitux408.2 44.2 452.4 398.3 48.0 446.3 
Tyvyt— 389.9 389.9 — 279.7 279.7 
Other oncology451.4 440.6 892.0 253.9 355.2 609.1 
Total oncology3,567.9 2,632.6 6,200.5 2,690.0 2,084.1 4,774.1 
Immunology:
Taltz1,486.7 821.7 2,308.4 1,293.8 681.2 1,975.0 
Olumiant159.8 536.0 695.9 158.8 520.4 679.2 
Other immunology44.5 53.3 97.7 — 39.0 39.0 
Total immunology1,691.0 1,411.0 3,102.0 1,452.6 1,240.6 2,693.2 
Neuroscience:
Emgality404.0 216.7 620.6 354.0 138.2 492.2 
Zyprexa (4)
0.5 107.0 107.5 69.1 1,581.9 1,651.0 
Other neuroscience151.9 200.3 352.3 89.7 282.9 372.6 
Total neuroscience556.4 524.0 1,080.4 512.8 2,003.0 2,515.8 
Other:
Cialis17.6 301.0 318.6 21.6 281.1 302.7 
Forteo124.9 124.4 249.3 269.2 147.6 416.8 
Other62.5 82.0 144.5 73.0 73.4 146.5 
Total other205.0 507.4 712.4 363.8 502.1 866.0 
Revenue$21,343.2 $10,166.7 $31,509.9 $15,335.6 $9,435.0 $24,770.7 
Numbers may not add due to rounding.
(1) Jardiance revenue includes Glyxambi, Synjardy, and Trijardy XR.
(2) Humalog revenue includes insulin lispro.
(3) Basaglar revenue includes Rezvoglar.
(4) Zyprexa revenue includes sale of rights for the olanzapine portfolio in July 2023.
The following table summarizes revenue by geographical area:
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Revenue(1):
U.S.$7,813.6 $5,368.1 $21,343.2 $15,335.6 
Europe1,628.3 2,568.6 4,472.7 4,837.1 
Japan429.1 390.8 1,255.7 1,233.6 
China459.9 390.8 1,231.2 1,162.6 
Other foreign countries1,108.2 780.3 3,207.1 2,201.8 
Revenue$11,439.1 $9,498.6 $31,509.9 $24,770.7 
Numbers may not add due to rounding.
(1) Revenue is attributed to the countries based on the location of the customer or other party.