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FINANCING ARRANGEMENTS (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Short-term debt obligations
Short-term debt obligations include:
December 31,
Dollars in millions20242023
Non-U.S. short-term financing obligations
$218 $170 
Current portion of Long-term debt
1,828 2,873 
Other— 76 
Short-term debt obligations$2,046 $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 includes:
 December 31,
Dollars in millions20242023
Principal Value:
2.900% Notes due 2024
— 2,478 
3.625% Notes due 2024
— 395 
0.750% Notes due 2025
1,000 1,000 
1.000% Euro Notes due 2025
598 636 
3.875% Notes due 2025
229 229 
3.200% Notes due 2026
1,750 1,750 
6.800% Notes due 2026
256 256 
Floating Rate Notes due 2026 (a)
500 — 
4.950% Notes due 2026
1,000 — 
1.125% Notes due 2027
1,000 1,000 
3.250% Notes due 2027
512 512 
3.450% Notes due 2027
534 534 
4.900% Notes due 2027
1,000 — 
3.900% Notes due 2028
1,500 1,500 
3.400% Notes due 2029
2,400 2,400 
4.900% Notes due 2029
1,750 — 
1.450% Notes due 2030
1,250 1,250 
5.750% Notes due 2031
1,000 1,000 
5.100% Notes, due 2031
1,250 — 
2.950% Notes due 2032
1,750 1,750 
5.900% Notes due 2033
1,000 1,000 
5.200% Notes, due 2034
2,500 — 
1.750% Euro Notes due 2035
598 636 
5.875% Notes due 2036
279 279 
6.125% Notes due 2038
219 219 
4.125% Notes due 2039
2,000 2,000 
2.350% Notes due 2040
750 750 
5.700% Notes due 2040
153 153 
3.550% Notes due 2042
1,250 1,250 
3.250% Notes due 2042
500 500 
5.250% Notes due 2043
226 226 
4.500% Notes due 2044
342 342 
4.625% Notes due 2044
748 748 
5.500% Notes due 2044
500 — 
5.000% Notes due 2045
758 758 
4.350% Notes due 2047
1,250 1,250 
4.550% Notes due 2048
1,272 1,272 
4.250% Notes due 2049
3,750 3,750 
2.550% Notes due 2050
1,500 1,500 
3.700% Notes due 2052
2,000 2,000 
6.250% Notes due 2053
1,250 1,250 
5.550% Notes, due 2054
2,750 — 
3.900% Notes due 2062
1,000 1,000 
6.400% Notes due 2063
1,250 1,250 
5.650% Notes, due 2064
1,750 — 
6.875% Notes due 2097
63 63 
Total$48,937 $38,886 
(a)    As of December 31, 2024, floating rate equals SOFR+0.49%.
 December 31,
Dollars in millions20242023
Principal Value$48,937 $38,886 
Adjustments to principal value:
Fair value of interest rate swap contracts(10)(11)
Unamortized basis adjustment from swap terminations71 82 
Unamortized bond discounts and issuance costs(390)(303)
Unamortized purchase price adjustments of Celgene debt823 872 
Total$49,431 $39,526 
Current portion of Long-term debt
$1,828 $2,873 
Long-term debt47,603 36,653 
Total$49,431 $39,526 
In 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 December 31, 2024, floating rate equals SOFR+0.49%.