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FINANCING ARRANGEMENTS (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of Short-term Debt

Short-term debt obligations include:

Dollars in millions			March 31, 2024						December 31, 2023
Commercial paper borrowings			$	2,991					$	—
Non-U.S. short-term debt obligations			164						170
Current portion of Long-term debt			2,873						2,873
Other			162						76
Total			$	6,190					$	3,119

Schedule of Long-term Debt and Current Portion of Long-term Debt

Long-term debt and the current portion of Long-term debt include:

Dollars in millions			March 31, 2024						December 31, 2023
Principal value			$	51,854					$	38,886
Adjustments to principal value:
Fair value of interest rate swap contracts			(20)						(11)
Unamortized basis adjustment from swap terminations			79						82
Unamortized bond discounts and issuance costs			(412)						(303)
Unamortized purchase price adjustments of Celgene debt			859						872
Total			$	52,360					$	39,526
Current portion of Long-term debt			$	2,873					$	2,873
Long-term debt			49,487						36,653
Total			$	52,360					$	39,526

During the three months ended March 31, 2024, BMS issued an aggregate principal amount of $13.0 billion of unsecured senior notes ("2024 Senior Unsecured Notes") with proceeds, net of discount and loan issuance costs, of $12.9 billion, consisting of:

						Principal Amount (in millions)
Floating rate notes due 2026(a)						$	500
4.950% Notes due 2026						1,000
4.900% Notes due 2027						1,000
4.900% Notes due 2029						1,750
5.100% Notes due 2031						1,250
5.200% Notes due 2034						2,500
5.500% Notes due 2044						500
5.550% Notes due 2054						2,750
5.650% Notes due 2064						1,750
Total						$	13,000

(a)    As of March 31, 2024, floating rate equals SOFR+0.49%.

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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