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REVENUE | 6 Months Ended
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Jun. 30, 2025
Revenue from Contract with Customer [Abstract] |
REVENUE | REVENUE The following table summarizes the disaggregation of revenue by nature:
| Three Months Ended June 30, |  | Six Months Ended June 30,
Dollars in millions | 2025 |  | 2024 |  | 2025 |  | 2024
Net product sales | $ | 11,909 |  |  | $ | 11,925 |  |  | $ | 22,794 |  |  | $ | 23,484 |
Alliance revenues | 119 |  |  | 116 |  |  | 208 |  |  | 250 |
Other revenues | 241 |  |  | 160 |  |  | 468 |  |  | 332 |
Total Revenues | $ | 12,269 |  |  | $ | 12,201 |  |  | $ | 23,470 |  |  | $ | 24,066 |
The following table summarizes GTN adjustments:
| Three Months Ended June 30, |  | Six Months Ended June 30,
Dollars in millions | 2025 |  | 2024 |  | 2025 |  | 2024
Gross product sales | $ | 22,181 |  |  | $ | 20,780 |  |  | $ | 42,054 |  |  | $ | 40,075 |
GTN adjustments(a) |  |  |  |  |  |  |
Charge-backs and cash discounts | (3,407) |  |  | (2,843) |  |  | (6,365) |  |  | (5,399) |
Medicaid and Medicare rebates | (4,516) |  |  | (3,864) |  |  | (8,356) |  |  | (6,948) |
Other rebates, returns, discounts and adjustments | (2,348) |  |  | (2,148) |  |  | (4,538) |  |  | (4,244) |
Total GTN adjustments(b) | (10,272) |  |  | (8,855) |  |  | (19,260) |  |  | (16,591) |
Net product sales | $ | 11,909 |  |  | $ | 11,925 |  |  | $ | 22,794 |  |  | $ | 23,484 |
(a) Includes reductions/(increases) to GTN adjustments for product sales made in prior periods resulting from changes in estimates of $42 million and $331 million for the three and six months ended June 30, 2025 and ($19 million) and $61 million for the three and six months ended June 30, 2024, respectively. (b) Includes U.S. GTN adjustments of $9.5 billion and $17.6 billion for the three and six months ended June 30, 2025 and $8.0 billion and $14.9 billion for the three and six months ended June 30, 2024, respectively. The following table summarizes the disaggregation of revenue by product and region:
| Three Months Ended June 30, |  | Six Months Ended June 30,
Dollars in millions | 2025 |  | 2024 |  | 2025 |  | 2024
Growth Portfolio |  |  |  |  |  |  |
Opdivo | $ | 2,560 |  |  | $ | 2,387 |  |  | 4,824 |  |  | $ | 4,465 |
Opdivo Qvantig | 30 |  |  | — |  |  | 38 |  |  | — |
Orencia | 963 |  |  | 948 |  |  | 1,733 |  |  | 1,746 |
Yervoy | 728 |  |  | 630 |  |  | 1,351 |  |  | 1,213 |
Reblozyl | 568 |  |  | 425 |  |  | 1,046 |  |  | 779 |
Opdualag | 284 |  |  | 235 |  |  | 537 |  |  | 441 |
Breyanzi | 344 |  |  | 153 |  |  | 607 |  |  | 260 |
Camzyos | 260 |  |  | 139 |  |  | 419 |  |  | 223 |
Zeposia | 150 |  |  | 151 |  |  | 257 |  |  | 261 |
Abecma | 87 |  |  | 95 |  |  | 190 |  |  | 177 |
Sotyktu | 70 |  |  | 53 |  |  | 126 |  |  | 97 |
Krazati | 48 |  |  | 32 |  |  | 96 |  |  | 53 |
Cobenfy | 35 |  |  | — |  |  | 62 |  |  | — |
Other Growth products(a) | 470 |  |  | 348 |  |  | 874 |  |  | 673 |
Total Growth Portfolio | 6,596 |  |  | 5,596 |  |  | 12,159 |  |  | 10,388 |
Legacy Portfolio |  |  |  |  |  |  |
Eliquis | 3,680 |  |  | 3,416 |  |  | 7,245 |  |  | 7,136 |
Revlimid | 838 |  |  | 1,353 |  |  | 1,774 |  |  | 3,022 |
Pomalyst/Imnovid | 708 |  |  | 959 |  |  | 1,366 |  |  | 1,824 |
Sprycel | 120 |  |  | 424 |  |  | 295 |  |  | 798 |
Abraxane | 105 |  |  | 231 |  |  | 210 |  |  | 448 |
Other Legacy products(b) | 223 |  |  | 222 |  |  | 421 |  |  | 450 |
Total Legacy Portfolio | 5,673 |  |  | 6,605 |  |  | 11,311 |  |  | 13,678 |
Total Revenues | $ | 12,269 |  |  | $ | 12,201 |  |  | $ | 23,470 |  |  | $ | 24,066 |
United States | $ | 8,519 |  |  | $ | 8,801 |  |  | $ | 16,392 |  |  | $ | 17,277 |
International(c) | 3,481 |  |  | 3,224 |  |  | 6,590 |  |  | 6,414 |
Other(d) | 270 |  |  | 176 |  |  | 488 |  |  | 375 |
Total Revenues | $ | 12,269 |  |  | $ | 12,201 |  |  | $ | 23,470 |  |  | $ | 24,066 |
(a) Includes Augtyro, Onureg, Inrebic, Nulojix, Empliciti and royalty revenues. (b) Includes other mature brands. (c) Includes Puerto Rico. (d) Other revenues include alliance-related revenues for products not sold by BMS's regional commercial organizations. Revenue recognized from performance obligations satisfied in prior periods was $230 million and $674 million for the three and six months ended June 30, 2025 and $76 million and $258 million for the three and six months ended June 30, 2024, respectively, consisting primarily of royalties for out-licensing arrangements and revised estimates for GTN adjustments related to prior period sales.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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