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EMPLOYEE STOCK BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Stock Based Compensation Expense

Stock-based compensation expense was as follows:

			Year Ended December 31,
Dollars in millions			2024						2023						2022
Cost of products sold			$	57					$	51					$	41
Marketing, selling and administrative			202						215						195
Research and development			248						252						221
Total stock-based compensation expense			$	507					$	518					$	457
Income tax benefit(a)			$	108					$	105					$	91

(a)    Income tax benefit excludes excess tax (deficiencies)/benefits from share-based compensation awards that were vested or exercised of $(27) million in 2024, $19 million in 2023 and $74 million in 2022.

Summary of Stock Compensation Activity

The following table summarizes the stock compensation activity for the year ended December 31, 2024:

			Stock Options												RSUs												MSUs												PSUs
Shares in Millions			Number of Options						Weighted-Average Exercise Price of Shares						Number of Nonvested RSUs						Weighted-Average Grant-Date Fair Value						Number of Nonvested MSUs						Weighted-Average Grant-Date Fair Value						Number of Nonvested PSUs						Weighted-Average Grant-Date Fair Value
Balance at January 1, 2024			16.2						$	57.34					18.0						$	60.21					1.9						$	58.52					3.6						$	63.32
Granted			—						—						13.6						47.54						1.3						58.63						1.9						53.08
Released/Exercised			(2.0)						46.11						(7.2)						59.21						(0.2)						56.06						(0.7)						59.04
Adjustments for actual payout			—						—						—						—						(0.5)						57.43						(0.4)						59.04
Forfeited/Canceled			(3.1)						58.53						(3.7)						54.80						(0.6)						58.80						(0.7)						60.19
Balance at December 31, 2024			11.1						59.02						20.7						53.17						1.9						58.69						3.7						59.84
Expected to vest															18.0						53.44						1.6						58.71						2.7						60.38

Dollars in millions			Restricted Stock Units						Market Share Units						Performance Share Units
Unrecognized compensation cost			$	784					$	62					$	71
Expected weighted-average period in years of compensation cost to be recognized			2.5						2.1						1.8

Amounts in Millions, except per share data			2024						2023						2022
Weighted-average grant date fair value (per share):
RSUs			$	47.54					$	60.26					$	64.12
MSUs			58.63						57.99						60.74
PSUs			53.08						63.86						66.76
Fair value of awards that vested:
RSUs - replacement awards			$	—					$	—					$	152
RSUs			429						365						300
MSUs			13						45						44
PSUs			42						65						68
Total intrinsic value of stock options exercised			13						90						526

Summary of Significant Outstanding and Exercisable Options

The following table summarizes significant outstanding and exercisable options at December 31, 2024:

Range of Exercise Prices			Number of Options (in millions)						Weighted-Average Remaining Contractual Life (in years)						Weighted-Average Exercise Price Per Share						Aggregate Intrinsic Value (in millions)
$10 - $40			0.1						2.2						$	25.87					$	4
$40 - $55			3.5						2.4						50.40						21
$55 - $65			4.7						1.3						59.77						1
$65 +			2.8						1.7						70.03						—
Outstanding			11.1						1.7						59.02						$	26
Exercisable			11.1						1.7						59.02						$	26

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