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RECEIVABLES | 3 Months Ended
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Mar. 31, 2024
Accounts Receivable, after Allowance for Credit Loss [Abstract] |
RECEIVABLES | RECEIVABLES
Dollars in millions | March 31, 2024 |  | December 31, 2023
Trade receivables | $ | 9,448 |  |  | $ | 9,551 |
Less: charge-backs and cash discounts | (598) |  |  | (646) |
Less: allowance for expected credit loss | (24) |  |  | (23) |
Net trade receivables | 8,826 |  |  | 8,882 |
Alliance, royalties, VAT and other | 1,621 |  |  | 2,039 |
Receivables | $ | 10,447 |  |  | $ | 10,921 |
Non-U.S. receivables sold on a nonrecourse basis were $229 million and $239 million for the three months ended March 31, 2024 and 2023, respectively. Receivables from the three largest customers in the U.S. represented 72% of total trade receivables as of March 31, 2024 and December 31, 2023.

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310-10/tableOfContent + Details
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