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REVENUES (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Summary of 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.
Summary of Revenues Recognized from Performance Obligations Satisfied in Prior Periods | 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 |
Summary of 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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