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FINANCING ARRANGEMENTS (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Short-term Debt | Short-term debt obligations include:
Dollars in millions | September 30, 2024 |  | December 31, 2023
Non-U.S. short-term financing obligations | $ | 205 |  |  | $ | 170 |
Current portion of Long-term debt | 873 |  |  | 2,873 |
Other | — |  |  | 76 |
Short-term debt obligations | $ | 1,078 |  |  | $ | 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 | September 30, 2024 |  | December 31, 2023
Principal value | $ | 49,025 |  |  | $ | 38,886 |
Adjustments to principal value: |  |  |
Fair value of interest rate swap contracts | 11 |  |  | (11) |
Unamortized basis adjustment from swap terminations | 74 |  |  | 82 |
Unamortized bond discounts and issuance costs | (398) |  |  | (303) |
Unamortized purchase price adjustments of Celgene debt | 835 |  |  | 872 |
Total | $ | 49,547 |  |  | $ | 39,526 |
Current portion of Long-term debt | $ | 873 |  |  | $ | 2,873 |
Long-term debt | 48,674 |  |  | 36,653 |
Total | $ | 49,547 |  |  | $ | 39,526 |
During the first quarter of 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 September 30, 2024, floating rate equals SOFR+0.49%.

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