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RESTRUCTURING (Tables)

6 Months Ended

Jun. 30, 2024

Restructuring Charges [Abstract]

Restructuring and Related Costs

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

			Three Months Ended June 30,												Six Months Ended June 30,
Dollars in millions			2024						2023						2024						2023
2023 Restructuring Plan			$	264					$	170					$	332					$	231
Celgene and Other Acquisition Plans			93						64						337						138
Total charges			$	357					$	234					$	669					$	369
Employee termination costs			$	260					$	109					$	477					$	174
Other termination costs			—						4						3						6
Provision for restructuring			260						113						480						180
Integration expenses			74						59						145						126
Accelerated depreciation			20						12						34						13
Asset impairments			—						50						2						50
Other shutdown costs			3						—						8						—
Total charges			$	357					$	234					$	669					$	369
Cost of products sold			$	3					$	36					$	17					$	37
Marketing, selling and administrative			6						20						12						20
Research and development			14						6						15						6
Other (income)/expense, net			334						172						625						306
Total charges			$	357					$	234					$	669					$	369

Schedule of Restructuring Reserve by Type of Cost

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

			Six Months Ended June 30,
Dollars in millions			2024						2023
Beginning balance			$	188					$	47
Provision for restructuring			480						180
Foreign currency translation and other			(3)						1
Payments			(234)						(48)
Ending balance			$	431					$	180

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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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.P.3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1

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

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

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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
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-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

Reference 2: 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
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

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