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RESTRUCTURING (Tables)

3 Months Ended

Mar. 31, 2024

Restructuring Charges [Abstract]

Restructuring and Related Costs

The following provides the charges related to restructuring initiatives by type of cost:

			Three Months Ended March 31,
Dollars in millions			2024						2023
2023 Restructuring Plan			$	68					$	61
Celgene and Other Acquisition Plans			244						74
Total charges			$	312					$	135
Employee termination costs			$	217					$	65
Other termination costs			3						2
Provision for restructuring			220						67
Integration expenses			71						67
Accelerated depreciation			14						1
Asset impairments			2						—
Other shutdown costs			5						—
Total charges			$	312					$	135
Cost of products sold			$	14					$	1
Marketing, selling and administrative			6						—
Research and development			1						—
Other (income)/expense, net			291						134
Total charges			$	312					$	135

Schedule of Restructuring Reserve by Type of Cost

The following summarizes the charges and spending related to restructuring plan activities:

			Three Months Ended March 31,
Dollars in millions			2024						2023
Beginning balance			$	188					$	47
Provision for restructuring			220						67
Foreign currency translation and other			(2)						2
Payments			(97)						(17)
Ending balance			$	309					$	99

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- References

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

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-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
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-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4(b)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2

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