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ALLIANCES | 3 Months Ended
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Mar. 31, 2024
ALLIANCES [Abstract] |
ALLIANCES | ALLIANCES BMS enters into collaboration arrangements with third parties for the development and commercialization of certain products. Although each of these arrangements is unique in nature, both parties are active participants in the operating activities of the collaboration and exposed to significant risks and rewards depending on the commercial success of the activities. BMS refers to these collaborations as alliances and its partners as alliance partners. Selected financial information pertaining to alliances was as follows, including net product sales when BMS is the principal in the third-party customer sale for products subject to the alliance. Expenses summarized below do not include all amounts attributed to the activities for the products in the alliance, but only the payments between the alliance partners or the related amortization if the payments were deferred or capitalized.
| Three Months Ended March 31, |  |
Dollars in millions | 2024 |  | 2023 |  |  |  |
Revenues from alliances |  |  |  |  |  |  |
Net product sales | $ | 3,762 |  |  | $ | 3,532 |  |  |  |  |
Alliance revenues | 134 |  |  | 144 |  |  |  |  |
Total alliance revenues | $ | 3,896 |  |  | $ | 3,676 |  |  |  |  |
To/(from) alliance partners |  |  |  |  |  |  |
Cost of products sold | $ | 1,825 |  |  | $ | 1,706 |  |  |  |  |
Marketing, selling and administrative | (79) |  |  | (74) |  |  |  |  |
Research and development | 54 |  |  | 44 |  |  |  |  |
Acquired IPRD | 800 |  |  | — |  |  |  |  |
Other (income)/expense, net | (12) |  |  | (12) |  |  |  |  |
Dollars in millions | March 31, 2024 |  | December 31, 2023
Selected alliance balance sheet information |  |  |
Receivables – from alliance partners | $ | 188 |  |  | $ | 233 |
Accounts payable – to alliance partners | 1,795 |  |  | 1,394 |
Deferred income – from alliances(a) | 263 |  |  | 274 |
(a) Includes unamortized upfront and milestone payments. The nature, purpose, significant rights and obligations of the parties and specific accounting policy elections for each of the Company's significant alliances are discussed in the 2023 Form 10-K. Significant developments and updates related to alliances during the three months ended March 31, 2024 and 2023 are set forth below. SystImmune BMS and SystImmune, Inc. (SystImmune) are parties to a global strategic collaboration for the co-development and co-commercialization of BL-B01D1, a bispecific topoisomerase inhibitor-based anti-body drug conjugate currently being evaluated in a Phase I clinical trial for metastatic or unresectable NSCLC. BMS paid an upfront fee of $800 million which was included in Acquired IPRD during the three months ended March 31, 2024. BMS is also obligated to pay up to $7.6 billion upon the achievement of contingent development, regulatory and sales-based milestones. The parties will jointly develop and commercialize BL-B01D1 in the U.S. and share in the profits and losses. SystImmune will be responsible for the development, commercialization, and manufacturing in Mainland China and will be responsible for manufacturing certain drug supplies for outside of Mainland China, where BMS will receive a royalty on net sales. BMS will be responsible for the development and commercialization in the rest of the world, where SystImmune will receive a royalty on net sales.

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- Definition The entire disclosure for collaborative arrangements in which the entity is a participant, including a) information about the nature and purpose of such arrangements; b) its rights and obligations thereunder; c) the accounting policy for collaborative arrangements; and d) the income statement classification and amounts attributable to transactions arising from the collaborative arrangement between participants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -SubTopic 10 -Topic 808 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479402/808-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -SubTopic 10 -Topic 808 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479402/808-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 808 -Publisher FASB -URI https://asc.fasb.org//808/tableOfContent + Details
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