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ALLIANCES (Tables)

3 Months Ended

Mar. 31, 2024

Selected Financial Information For Alliances

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.