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OTHER FINANCIAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 2025

Other Financial Information [Abstract]

Summary of Accounts Receivable, Net

The following table summarizes our Accounts receivable, net:

(in millions)						June 30, 2025						December 31, 2024
Accounts receivable						$	5,623					$	5,319
Less: allowances for chargebacks						696						759
Less: allowances for cash discounts and other						95						89
Less: allowances for credit losses						50						52
Accounts receivable, net						$	4,781					$	4,420

Summary of Inventories

The following table summarizes our Inventories:

(in millions)						June 30, 2025						December 31, 2024
Raw materials						$	1,271					$	1,295
Work in process						1,039						847
Finished goods						1,603						1,447
Total						$	3,913					$	3,589
Reported as:
Inventories						$	1,825					$	1,710
Other long-term assets(1)						2,087						1,879
Total						$	3,913					$	3,589

_______________________________

(1)     Amounts primarily consist of raw materials.

Summary of Property, Plant and Equipment, Net

The following table summarizes our Property, plant and equipment, net:

(in millions)						June 30, 2025						December 31, 2024
Property, plant and equipment						$	8,080					$	7,884
Less: accumulated depreciation						2,621						2,470
Property, plant and equipment, net						$	5,459					$	5,414

The following table summarizes Depreciation expense:

						Three Months Ended												Six Months Ended
						June 30,												June 30,
(in millions)						2025						2024						2025						2024
Depreciation expense						$	93					$	98					$	190					$	192

Summary of Changes in Accumulated Other Comprehensive Income

The following tables summarize the changes in Accumulated other comprehensive (loss) income by component, net of tax:

(in millions)						Foreign Currency Translation						Available-for-Sale Debt Securities						Cash Flow Hedges						Total
Balance as of March 31, 2025						$	54					$	—					$	38					$	92
Net unrealized gain (loss), net of income tax expense (benefit) of $0, $1, and $(21), respectively						51						4						(149)						(94)
Gain reclassified to net income, net of income tax expense of $0, $0, and $2, respectively						—						—						(16)						(16)
Other comprehensive income (loss), net						51						4						(166)						(111)
Balance as of June 30, 2025						$	105					$	4					$	(127)					$	(18)

(in millions)						Foreign Currency Translation						Available-for-Sale Debt Securities						Cash Flow Hedges						Total
Balance as of December 31, 2024						$	36					$	—					$	96					$	132
Net unrealized gain (loss), net of income tax expense (benefit) of $0, $1, and $(27), respectively						69						4						(189)						(116)
Gain reclassified to net income, net of income tax expense of $0, $0, and $5, respectively						—						—						(35)						(35)
Other comprehensive income (loss), net						69						4						(224)						(150)
Balance as of June 30, 2025						$	105					$	4					$	(127)					$	(18)

(in millions)						Foreign Currency Translation						Available-for-Sale Debt Securities						Cash Flow Hedges						Total
Balance as of March 31, 2024						$	45					$	—					$	24					$	69
Net unrealized gain, net of income tax expense of $0, $0, and $4, respectively						1						—						28						29
Gain reclassified to net income, net of income tax expense of $0, $0, and $1, respectively						—						—						(5)						(5)
Other comprehensive income, net						1						—						23						24
Balance as of June 30, 2024						$	46					$	—					$	47					$	93

(in millions)						Foreign Currency Translation						Available-for-Sale Debt Securities						Cash Flow Hedges						Total
Balance as of December 31, 2023						$	62					$	(5)					$	(29)					$	28
Net unrealized (loss) gain, net of income tax expense of $0, $0, and $11, respectively						(16)						—						81						65
Loss (gain) reclassified to net income, net of income tax expense of $0, $0, and $1, respectively						—						5						(5)						—
Other comprehensive (loss) income, net						(16)						5						77						65
Balance as of June 30, 2024						$	46					$	—					$	47					$	93

Reclassification out of Accumulated Other Comprehensive (Loss) Income

The following table summarizes the reclassifications out of Accumulated other comprehensive (loss) income and into Net income (loss), including the affected line items from our Condensed Consolidated Statements of Operations:

						Three Months Ended												Six Months Ended
						June 30,												June 30,
(in millions)						2025						2024						2025						2024						Line Item Affected
Net gain related to cash flow hedges						$	19					$	5					$	40					$	5					Product sales
Net loss related to available-for-sale debt securities						$	—					$	—					$	—					$	5					Other (income) expense, net
Income tax expense						$	2					$	1					$	5					$	1					Income tax expense

Summary of Restructuring Charges

The following table summarizes the affected line items from our Condensed Consolidated Statements of Operations:

						Three Months Ended												Six Months Ended
						June 30,												June 30,
(in millions)						2025						2024						2025						2024
Research and development expenses						$	6					$	13					$	44					$	63
Selling, general and administrative expenses						7						8						43						22
Restructuring charges						$	13					$	21					$	88					$	84

Summary of Other (Income) Expense, Net

The following table summarizes the components of Other (income) expense, net:

						Three Months Ended												Six Months Ended
						June 30,												June 30,
(in millions)						2025						2024						2025						2024
(Gain) loss from equity securities, net						$	(142)					$	392					$	284					$	405
Interest income						(73)						(35)						(166)						(144)
Other, net						6						(1)						2						3
Other (income) expense, net						$	(208)					$	355					$	120					$	265

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