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FINANCING ARRANGEMENTS (Tables)

9 Months Ended

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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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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Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

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