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REVENUES (Tables)
3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Summary of Total Revenues
The following table summarizes our Total revenues:
Three Months Ended March 31, 2025Three Months Ended March 31, 2024
(in millions)U.S.EuropeRest of WorldTotalU.S.EuropeRest of WorldTotal
Product sales:
HIV
Biktarvy$2,474 $375 $301 $3,150 $2,315 $365 $265 $2,946 
Descovy538 21 27 586 371 26 29 426 
Genvoya305 40 19 364 332 49 21 403 
Odefsey215 57 10 281 223 76 11 310 
Symtuza - Revenue share(1)
82 29 114 104 33 141 
Other HIV(2)
50 31 10 91 60 45 12 117 
Total HIV3,664 553 370 4,587 3,405 596 342 4,342 
Liver Disease
Sofosbuvir/Velpatasvir(3)
166 80 99 346 248 79 78 405 
Vemlidy100 12 140 252 95 11 119 225 
Other Liver Disease(4)
68 76 17 161 42 47 19 107 
Total Liver Disease335 168 256 758 385 137 215 737 
Veklury199 22 82 302 315 70 169 555 
Oncology
Cell Therapy
Tecartus40 31 78 55 36 100 
Yescarta160 149 77 386 170 158 52 380 
Total Cell Therapy200 180 84 464 225 195 60 480 
Trodelvy181 75 37 293 206 68 36 309 
Total Oncology381 255 121 757 431 262 96 789 
Other
AmBisome67 66 139 14 70 60 144 
Other(5)
47 14 70 59 12 80 
Total Other52 76 81 209 73 79 71 224 
Total product sales4,631 1,073 909 6,613 4,609 1,144 894 6,647 
Royalty, contract and other revenues37 11 54 23 15 39 
Total revenues$4,668 $1,084 $915 $6,667 $4,633 $1,159 $894 $6,686 
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(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 Ireland”).
(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/Lyvdelzi, Sovaldi, Viread and Vosevi.
(5)    Includes Cayston, Jyseleca, Letairis 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
March 31,
(in millions)20252024
Revenue share with Janssen Ireland and royalties for licenses of intellectual property$157 $171 
Changes in estimates$214 $160 
Summary of Contract Balances
The following table summarizes our contract balances:
(in millions)March 31, 2025December 31, 2024
Contract assets$304 $277 
Contract liabilities(1)
$56 $58 
_______________________________
(1)    Future revenues recognized from contract liabilities are not expected to be material in any one year.