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REVENUES | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
REVENUES | REVENUES Disaggregation of Revenues The following table summarizes our Total revenues:
|  | Three Months Ended June 30, 2024 |  | Three Months Ended June 30, 2023
(in millions) |  | U.S. |  | Europe |  | Rest of World |  | Total |  | U.S. |  | Europe |  | Rest of World |  | Total
Product sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
HIV |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Biktarvy |  | $ | 2,585 |  |  | $ | 370 |  |  | $ | 277 |  |  | $ | 3,232 |  |  | $ | 2,439 |  |  | $ | 302 |  |  | $ | 237 |  |  | $ | 2,979 |
Descovy |  | 434 |  |  | 25 |  |  | 26 |  |  | 485 |  |  | 460 |  |  | 25 |  |  | 31 |  |  | 516 |
Genvoya |  | 372 |  |  | 45 |  |  | 23 |  |  | 440 |  |  | 455 |  |  | 56 |  |  | 29 |  |  | 540 |
Odefsey |  | 233 |  |  | 72 |  |  | 10 |  |  | 315 |  |  | 267 |  |  | 74 |  |  | 11 |  |  | 351 |
Symtuza - Revenue share(1) |  | 131 |  |  | 34 |  |  | 3 |  |  | 168 |  |  | 84 |  |  | 33 |  |  | 3 |  |  | 120 |
Other HIV(2) |  | 65 |  |  | 25 |  |  | 15 |  |  | 105 |  |  | 74 |  |  | 31 |  |  | 15 |  |  | 120 |
Total HIV |  | 3,821 |  |  | 571 |  |  | 353 |  |  | 4,745 |  |  | 3,778 |  |  | 521 |  |  | 326 |  |  | 4,626 |
Liver Disease |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sofosbuvir/Velpatasvir(3) |  | 267 |  |  | 84 |  |  | 126 |  |  | 476 |  |  | 223 |  |  | 84 |  |  | 90 |  |  | 397 |
Vemlidy |  | 117 |  |  | 11 |  |  | 115 |  |  | 243 |  |  | 96 |  |  | 10 |  |  | 113 |  |  | 219 |
Other Liver Disease(4) |  | 47 |  |  | 47 |  |  | 19 |  |  | 113 |  |  | 37 |  |  | 37 |  |  | 21 |  |  | 95 |
Total Liver Disease |  | 431 |  |  | 142 |  |  | 259 |  |  | 832 |  |  | 356 |  |  | 131 |  |  | 225 |  |  | 711 |
Veklury |  | 76 |  |  | 53 |  |  | 85 |  |  | 214 |  |  | 97 |  |  | 52 |  |  | 107 |  |  | 256 |
Oncology |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cell Therapy |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tecartus |  | 63 |  |  | 37 |  |  | 7 |  |  | 107 |  |  | 56 |  |  | 29 |  |  | 4 |  |  | 88 |
Yescarta |  | 186 |  |  | 169 |  |  | 58 |  |  | 414 |  |  | 217 |  |  | 133 |  |  | 30 |  |  | 380 |
Total Cell Therapy |  | 250 |  |  | 206 |  |  | 66 |  |  | 521 |  |  | 272 |  |  | 162 |  |  | 34 |  |  | 469 |
Trodelvy |  | 224 |  |  | 69 |  |  | 26 |  |  | 320 |  |  | 189 |  |  | 53 |  |  | 17 |  |  | 260 |
Total Oncology |  | 474 |  |  | 275 |  |  | 92 |  |  | 841 |  |  | 462 |  |  | 215 |  |  | 51 |  |  | 728 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
AmBisome |  | 17 |  |  | 69 |  |  | 65 |  |  | 151 |  |  | 20 |  |  | 69 |  |  | 61 |  |  | 151 |
Other(5) |  | 98 |  |  | 8 |  |  | 24 |  |  | 130 |  |  | 64 |  |  | 10 |  |  | 17 |  |  | 92 |
Total Other |  | 115 |  |  | 77 |  |  | 88 |  |  | 280 |  |  | 85 |  |  | 80 |  |  | 78 |  |  | 243 |
Total product sales |  | 4,916 |  |  | 1,118 |  |  | 878 |  |  | 6,912 |  |  | 4,777 |  |  | 999 |  |  | 788 |  |  | 6,564 |
Royalty, contract and other revenues |  | 25 |  |  | 15 |  |  | 1 |  |  | 41 |  |  | 6 |  |  | 28 |  |  | 1 |  |  | 35 |
Total revenues |  | $ | 4,941 |  |  | $ | 1,133 |  |  | $ | 879 |  |  | $ | 6,954 |  |  | $ | 4,784 |  |  | $ | 1,027 |  |  | $ | 789 |  |  | $ | 6,599 |
|  | Six Months Ended June 30, 2024 |  | Six Months Ended June 30, 2023
(in millions) |  | U.S. |  | Europe |  | Rest of World |  | Total |  | U.S. |  | Europe |  | Rest of World |  | Total
Product sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
HIV |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Biktarvy |  | $ | 4,900 |  |  | $ | 735 |  |  | $ | 542 |  |  | $ | 6,177 |  |  | $ | 4,600 |  |  | $ | 606 |  |  | $ | 449 |  |  | $ | 5,656 |
Descovy |  | 805 |  |  | 51 |  |  | 55 |  |  | 911 |  |  | 855 |  |  | 50 |  |  | 60 |  |  | 965 |
Genvoya |  | 704 |  |  | 95 |  |  | 44 |  |  | 843 |  |  | 872 |  |  | 111 |  |  | 58 |  |  | 1,041 |
Odefsey |  | 457 |  |  | 148 |  |  | 21 |  |  | 626 |  |  | 497 |  |  | 149 |  |  | 22 |  |  | 668 |
Symtuza - Revenue share(1) |  | 236 |  |  | 67 |  |  | 6 |  |  | 309 |  |  | 182 |  |  | 70 |  |  | 7 |  |  | 259 |
Other HIV(2) |  | 125 |  |  | 70 |  |  | 27 |  |  | 222 |  |  | 136 |  |  | 63 |  |  | 28 |  |  | 228 |
Total HIV |  | 7,226 |  |  | 1,167 |  |  | 695 |  |  | 9,088 |  |  | 7,142 |  |  | 1,049 |  |  | 624 |  |  | 8,816 |
Liver Disease |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sofosbuvir/Velpatasvir(3) |  | 515 |  |  | 163 |  |  | 203 |  |  | 881 |  |  | 427 |  |  | 174 |  |  | 181 |  |  | 782 |
Vemlidy |  | 212 |  |  | 22 |  |  | 233 |  |  | 467 |  |  | 183 |  |  | 19 |  |  | 216 |  |  | 418 |
Other Liver Disease(4) |  | 89 |  |  | 94 |  |  | 38 |  |  | 221 |  |  | 64 |  |  | 78 |  |  | 44 |  |  | 186 |
Total Liver Disease |  | 816 |  |  | 279 |  |  | 474 |  |  | 1,569 |  |  | 674 |  |  | 271 |  |  | 441 |  |  | 1,386 |
Veklury |  | 391 |  |  | 123 |  |  | 255 |  |  | 769 |  |  | 349 |  |  | 163 |  |  | 317 |  |  | 829 |
Oncology |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cell Therapy |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tecartus |  | 118 |  |  | 73 |  |  | 16 |  |  | 207 |  |  | 114 |  |  | 56 |  |  | 6 |  |  | 177 |
Yescarta |  | 357 |  |  | 327 |  |  | 110 |  |  | 794 |  |  | 427 |  |  | 254 |  |  | 58 |  |  | 739 |
Total Cell Therapy |  | 475 |  |  | 400 |  |  | 126 |  |  | 1,001 |  |  | 542 |  |  | 310 |  |  | 65 |  |  | 916 |
Trodelvy |  | 429 |  |  | 137 |  |  | 62 |  |  | 628 |  |  | 351 |  |  | 107 |  |  | 23 |  |  | 482 |
Total Oncology |  | 904 |  |  | 537 |  |  | 188 |  |  | 1,629 |  |  | 893 |  |  | 417 |  |  | 88 |  |  | 1,398 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
AmBisome |  | 31 |  |  | 139 |  |  | 124 |  |  | 294 |  |  | 27 |  |  | 129 |  |  | 111 |  |  | 267 |
Other(5) |  | 156 |  |  | 18 |  |  | 36 |  |  | 209 |  |  | 127 |  |  | 22 |  |  | 26 |  |  | 175 |
Total Other |  | 188 |  |  | 156 |  |  | 160 |  |  | 504 |  |  | 153 |  |  | 152 |  |  | 137 |  |  | 442 |
Total product sales |  | 9,525 |  |  | 2,262 |  |  | 1,772 |  |  | 13,559 |  |  | 9,211 |  |  | 2,052 |  |  | 1,607 |  |  | 12,870 |
Royalty, contract and other revenues |  | 49 |  |  | 30 |  |  | 2 |  |  | 81 |  |  | 25 |  |  | 54 |  |  | 3 |  |  | 81 |
Total revenues |  | $ | 9,574 |  |  | $ | 2,292 |  |  | $ | 1,774 |  |  | $ | 13,640 |  |  | $ | 9,236 |  |  | $ | 2,106 |  |  | $ | 1,610 |  |  | $ | 12,951 |
_______________________________ (1) Represents our revenue from cobicistat (“C”), emtricitabine (“FTC”) and tenofovir alafenamide (“TAF”) in Symtuza (darunavir/C/FTC/TAF), a fixed dose combination product commercialized by Janssen Sciences Ireland Unlimited Company (“Janssen”). (2) Includes Atripla, Complera/Eviplera, Emtriva, Sunlenca, Stribild, Truvada and Tybost. (3) Includes Epclusa and the authorized generic version of Epclusa sold by Gilead’s separate subsidiary, Asegua Therapeutics LLC (“Asegua”). (4) Includes ledipasvir/sofosbuvir (Harvoni and the authorized generic version of Harvoni sold by Asegua), Hepcludex, Hepsera, Sovaldi, Viread and Vosevi. (5) Includes Cayston, Jyseleca, Letairis, Ranexa and Zydelig. Revenues Recognized from Performance Obligations Satisfied in Prior Years The following table summarizes revenues recognized from performance obligations satisfied in prior years:
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
(in millions) | 2024 |  | 2023 |  | 2024 |  | 2023
Revenue share with Janssen and royalties for licenses of intellectual property | $ | 202 |  |  | $ | 158 |  |  | $ | 372 |  |  | $ | 350 |
Changes in estimates | $ | 82 |  |  | $ | 77 |  |  | $ | 242 |  |  | $ | 237 |
Contract Balances The following table summarizes our contract balances:
(in millions) |  | June 30, 2024 |  | December 31, 2023
Contract assets(1) |  | $ | 165 |  |  | $ | 117 |
Contract liabilities(2) |  | $ | 76 |  |  | $ | 109 |
________________________________ (1) Consists of unbilled amounts primarily from arrangements where the licensing of intellectual property is the only or predominant performance obligation. (2) Generally results from receipt of advance payment before our performance under the contract.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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