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REVENUES | 12 Months Ended
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Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
REVENUES | REVENUES Disaggregation of Revenues The following table summarizes our Total revenues:
|  | Year Ended December 31, 2024 |  | Year Ended December 31, 2023 |  | Year Ended December 31, 2022 |  |  |  |
(in millions) |  | U.S. |  | Europe(6) |  | Rest of World(6) |  | Total |  | U.S. |  | Europe(6) |  | Rest of World(6) |  | Total |  | U.S. |  | Europe(6) |  | Rest of World(6) |  | Total |  |  |  |
Product sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
HIV |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Biktarvy |  | $ | 10,855 |  |  | $ | 1,509 |  |  | $ | 1,060 |  |  | $ | 13,423 |  |  | $ | 9,692 |  |  | $ | 1,253 |  |  | $ | 905 |  |  | $ | 11,850 |  |  | $ | 8,510 |  |  | $ | 1,103 |  |  | $ | 777 |  |  | $ | 10,390 |  |  |  |  |
Descovy |  | 1,902 |  |  | 100 |  |  | 110 |  |  | 2,113 |  |  | 1,771 |  |  | 100 |  |  | 114 |  |  | 1,985 |  |  | 1,631 |  |  | 118 |  |  | 123 |  |  | 1,872 |  |  |  |  |
Genvoya |  | 1,498 |  |  | 180 |  |  | 84 |  |  | 1,762 |  |  | 1,752 |  |  | 205 |  |  | 103 |  |  | 2,060 |  |  | 1,983 |  |  | 284 |  |  | 136 |  |  | 2,404 |  |  |  |  |
Odefsey |  | 957 |  |  | 290 |  |  | 41 |  |  | 1,288 |  |  | 1,012 |  |  | 294 |  |  | 44 |  |  | 1,350 |  |  | 1,058 |  |  | 364 |  |  | 47 |  |  | 1,469 |  |  |  |  |
Symtuza - Revenue share(1) |  | 450 |  |  | 130 |  |  | 12 |  |  | 592 |  |  | 382 |  |  | 133 |  |  | 13 |  |  | 529 |  |  | 348 |  |  | 168 |  |  | 14 |  |  | 530 |  |  |  |  |
Other HIV(2) |  | 257 |  |  | 129 |  |  | 48 |  |  | 434 |  |  | 238 |  |  | 116 |  |  | 47 |  |  | 401 |  |  | 290 |  |  | 182 |  |  | 59 |  |  | 530 |  |  |  |  |
Total HIV |  | 15,918 |  |  | 2,339 |  |  | 1,355 |  |  | 19,612 |  |  | 14,848 |  |  | 2,102 |  |  | 1,226 |  |  | 18,175 |  |  | 13,820 |  |  | 2,219 |  |  | 1,155 |  |  | 17,194 |  |  |  |  |
Liver Disease |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sofosbuvir/Velpatasvir(3) |  | 922 |  |  | 299 |  |  | 374 |  |  | 1,596 |  |  | 859 |  |  | 323 |  |  | 355 |  |  | 1,537 |  |  | 844 |  |  | 355 |  |  | 331 |  |  | 1,530 |  |  |  |  |
Vemlidy |  | 486 |  |  | 44 |  |  | 428 |  |  | 959 |  |  | 410 |  |  | 38 |  |  | 414 |  |  | 862 |  |  | 429 |  |  | 35 |  |  | 379 |  |  | 842 |  |  |  |  |
Other Liver Disease(4) |  | 192 |  |  | 202 |  |  | 73 |  |  | 467 |  |  | 152 |  |  | 150 |  |  | 83 |  |  | 385 |  |  | 167 |  |  | 135 |  |  | 124 |  |  | 426 |  |  |  |  |
Total Liver Disease |  | 1,601 |  |  | 545 |  |  | 876 |  |  | 3,021 |  |  | 1,421 |  |  | 511 |  |  | 852 |  |  | 2,784 |  |  | 1,440 |  |  | 525 |  |  | 833 |  |  | 2,798 |  |  |  |  |
Veklury |  | 892 |  |  | 284 |  |  | 623 |  |  | 1,799 |  |  | 972 |  |  | 408 |  |  | 805 |  |  | 2,184 |  |  | 1,575 |  |  | 702 |  |  | 1,628 |  |  | 3,905 |  |  |  |  |
Oncology |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cell Therapy |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tecartus |  | 234 |  |  | 138 |  |  | 31 |  |  | 403 |  |  | 245 |  |  | 110 |  |  | 15 |  |  | 370 |  |  | 221 |  |  | 75 |  |  | 3 |  |  | 299 |  |  |  |  |
Yescarta |  | 662 |  |  | 666 |  |  | 242 |  |  | 1,570 |  |  | 811 |  |  | 547 |  |  | 140 |  |  | 1,498 |  |  | 747 |  |  | 355 |  |  | 57 |  |  | 1,160 |  |  |  |  |
Total Cell Therapy |  | 896 |  |  | 804 |  |  | 274 |  |  | 1,973 |  |  | 1,055 |  |  | 658 |  |  | 156 |  |  | 1,869 |  |  | 968 |  |  | 430 |  |  | 60 |  |  | 1,459 |  |  |  |  |
Trodelvy |  | 902 |  |  | 294 |  |  | 119 |  |  | 1,315 |  |  | 777 |  |  | 217 |  |  | 68 |  |  | 1,063 |  |  | 525 |  |  | 143 |  |  | 12 |  |  | 680 |  |  |  |  |
Total Oncology |  | 1,798 |  |  | 1,098 |  |  | 393 |  |  | 3,289 |  |  | 1,833 |  |  | 875 |  |  | 224 |  |  | 2,932 |  |  | 1,494 |  |  | 573 |  |  | 73 |  |  | 2,139 |  |  |  |  |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
AmBisome |  | 44 |  |  | 276 |  |  | 212 |  |  | 533 |  |  | 43 |  |  | 260 |  |  | 189 |  |  | 492 |  |  | 57 |  |  | 258 |  |  | 182 |  |  | 497 |  |  |  |  |
Other(5) |  | 255 |  |  | 34 |  |  | 68 |  |  | 356 |  |  | 261 |  |  | 40 |  |  | 66 |  |  | 367 |  |  | 331 |  |  | 65 |  |  | 53 |  |  | 449 |  |  |  |  |
Total Other |  | 299 |  |  | 310 |  |  | 280 |  |  | 889 |  |  | 304 |  |  | 301 |  |  | 255 |  |  | 859 |  |  | 388 |  |  | 323 |  |  | 235 |  |  | 946 |  |  |  |  |
Total product sales |  | 20,508 |  |  | 4,576 |  |  | 3,526 |  |  | 28,610 |  |  | 19,377 |  |  | 4,197 |  |  | 3,361 |  |  | 26,934 |  |  | 18,716 |  |  | 4,342 |  |  | 3,924 |  |  | 26,982 |  |  |  |  |
Royalty, contract and other revenues |  | 82 |  |  | 58 |  |  | 4 |  |  | 144 |  |  | 62 |  |  | 114 |  |  | 7 |  |  | 182 |  |  | 168 |  |  | 127 |  |  | 4 |  |  | 299 |  |  |  |  |
Total revenues |  | $ | 20,591 |  |  | $ | 4,634 |  |  | $ | 3,529 |  |  | $ | 28,754 |  |  | $ | 19,438 |  |  | $ | 4,310 |  |  | $ | 3,368 |  |  | $ | 27,116 |  |  | $ | 18,884 |  |  | $ | 4,469 |  |  | $ | 3,928 |  |  | $ | 27,281 |  |  |  |  |
_______________________________ (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”). See Note 7. Collaborations and Other Arrangements for additional information. (2) Includes Atripla, Complera/Eviplera, Emtriva, Stribild, Sunlenca, 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, Livdelzi, Sovaldi, Viread and Vosevi. (5) Includes Cayston, Jyseleca, Letairis, Ranexa and Zydelig. (6) All individual international locations accounted for less than 10% of Total revenues. Revenues from Major Customers The following table summarizes revenues from each of our customers who individually accounted for 10% or more of our Total revenues:
|  | Year Ended December 31,
(as a percentage of total revenues) |  | 2024 |  | 2023 |  | 2022
Cardinal Health, Inc. |  | 26 | % |  | 26 | % |  | 25 | %
Cencora, Inc. |  | 18 | % |  | 19 | % |  | 18 | %
McKesson Corporation |  | 20 | % |  | 21 | % |  | 20 | %
Revenues Recognized from Performance Obligations Satisfied in Prior Years The following table summarizes revenues recognized from performance obligations satisfied in prior years:
|  | Year Ended December 31,
(in millions) |  | 2024 |  | 2023 |  | 2022
Revenue share with Janssen(1) and royalties for licenses of intellectual property |  | $ | 727 |  |  | $ | 680 |  |  | $ | 783 |
Changes in estimates |  | $ | 452 |  |  | $ | 340 |  |  | $ | 582 |
_______________________________ (1) See Note 7. Collaborations and Other Arrangements for additional information. Contract Balances The following table summarizes our contract balances:
|  | December 31,
(in millions) |  | 2024 |  | 2023
Contract assets |  | $ | 277 |  |  | $ | 117 |
Contract liabilities(1) |  | $ | 58 |  |  | $ | 109 |
_______________________________ (1) Future revenues recognized from contract liabilities are not expected to be material in any one year.

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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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