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RESTRUCTURING (Tables)

9 Months Ended

Sep. 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 September 30,												Nine Months Ended September 30,
Dollars in millions			2024						2023						2024						2023
2023 Restructuring Plan			$	180					$	149					$	512					$	380
Celgene and Other Acquisition Plans			83						131						420						269
Total charges			$	263					$	280					$	932					$	649
Employee termination costs			$	77					$	135					$	554					$	309
Other termination costs			1						6						4						12
Provision for restructuring			78						141						558						321
Integration expenses			69						54						214						180
Accelerated depreciation			22						15						56						28
Asset impairments (a)			93						70						95						120
Other shutdown costs			1						—						9						—
Total charges			$	263					$	280					$	932					$	649
Cost of products sold			$	88					$	16					$	105					$	53
Marketing, selling and administrative			7						65						19						85
Research and development			21						4						36						10
Other (income)/expense, net			147						195						772						501
Total charges			$	263					$	280					$	932					$	649

(a)    Includes $87 million for a site impairment incurred during the three months ended September 30, 2024 and a $65 million impairment charge for a facility lease during the three months ended September 30, 2023.

Schedule of Restructuring Reserve by Type of Cost

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

			Nine Months Ended September 30,
Dollars in millions			2024						2023
Beginning balance			$	188					$	47
Provision for restructuring			558						321
Foreign currency translation and other			—						(3)
Payments			(432)						(142)
Ending balance			$	314					$	223

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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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-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.P.3)
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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

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-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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