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Other Balance Sheet Components (Tables) | 6 Months Ended
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Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Accounts, Notes, Loans and Financing Receivable | Accounts receivable, net, as of June 30, 2024 and December 31, 2023 consisted of the following (in millions):
|  | June 30, |  | December 31,
|  | 2024 |  | 2023
Accounts receivable |  | $ | 492 |  |  | $ | 1,584 |
Less: Wholesalers chargebacks, discounts and fees |  | (329) |  |  | (692) |
Accounts receivable, net |  | $ | 163 |  |  | $ | 892 |
Schedule of Prepaid Expenses and Other Current Assets | Prepaid expenses and other current assets, as of June 30, 2024 and December 31, 2023 consisted of the following (in millions):
|  | June 30, |  | December 31,
|  | 2024 |  | 2023
Prepaid services |  | $ | 184 |  |  | $ | 182 |
Down payments and prepayments related to manufacturing and materials |  | 111 |  |  | 168 |
Income tax receivable |  | 105 |  |  | 19 |
Collaboration receivable |  | 73 |  |  | 61 |
Interest receivable |  | 56 |  |  | 59 |
Value added tax receivable |  | 26 |  |  | 50 |
Prepaid income tax |  | 25 |  |  | — |
Other current assets |  | 31 |  |  | 88 |
Prepaid expenses and other current assets |  | $ | 611 |  |  | $ | 627 |
Schedule of Other Non-Current Assets | Other non-current assets, as of June 30, 2024 and December 31, 2023 consisted of the following (in millions):
|  | June 30, |  | December 31,
|  | 2024 |  | 2023
Down payments and prepayments, non-current |  | $ | 321 |  |  | $ | 342 |
Inventory, non-current(1) |  | 161 |  |  | 170 |
Goodwill |  | 52 |  |  | 52 |
Finite-lived intangible asset |  | 42 |  |  | 44 |
Equity investments |  | 31 |  |  | 66 |
Other |  | 34 |  |  | 11 |
Other non-current assets |  | $ | 641 |  |  | $ | 685 |
_______ (1)Consisted of raw materials with an anticipated consumption beyond one year.
Schedule of Accrued Liabilities | Accrued liabilities, as of June 30, 2024 and December 31, 2023 consisted of the following (in millions):
|  | June 30, |  | December 31,
|  | 2024 |  | 2023
Provisions related to product sales (Note 3) |  | $ | 554 |  |  | $ | 556 |
Compensation-related |  | 187 |  |  | 245 |
Manufacturing |  | 119 |  |  | 167 |
Other external goods and services |  | 109 |  |  | 137 |
Clinical trials |  | 96 |  |  | 175 |
Property, plant and equipment |  | 93 |  |  | 94 |
Development operations |  | 90 |  |  | 140 |
Raw materials |  | 42 |  |  | 27 |
Commercial |  | 32 |  |  | 56 |
Royalties |  | 10 |  |  | 122 |
Loss on future firm purchase commitments(1) |  | 1 |  |  | 79 |
Accrued liabilities |  | $ | 1,333 |  |  | $ | 1,798 |
______ (1)Related to losses that are expected to arise from firm, non-cancellable, commitments for future raw material purchases (Note 7).
Schedule of Other Current Liabilities | Other current liabilities, as of June 30, 2024 and December 31, 2023 consisted of the following (in millions):
|  | June 30, |  | December 31,
|  | 2024 |  | 2023
Lease liabilities - operating (Note 10) |  | $ | 25 |  |  | $ | 25 |
Other |  | 17 |  |  | 41 |
Other current liabilities |  | $ | 42 |  |  | $ | 66 |
Schedule of Deferred Revenue | The following table summarizes the activities related to product sales provision recorded as accrued liabilities for the six months ended June 30, 2024 (in millions):
|  | Returns and other fees
Balance at December 31, 2023 |  | $ | (556) |
Provision related to sales made in 2024 |  | (62) |
Payments and returns related to sales made in current period |  | 13 |
Payments and returns related to sales made in prior year |  | 51 |
Balance at June 30, 2024 |  | $ | (554) |
The following table summarizes the activities in deferred revenue for the six months ended June 30, 2024 (in millions):
|  | December 31, 2023 |  | Additions |  | Deductions |  | June 30, 2024
Product sales |  | $ | 613 |  |  | $ | 196 |  |  | $ | (69) |  |  | $ | 740 |
Grant revenue |  | 4 |  |  | — |  |  | — |  |  | 4 |
Collaboration revenue |  | 34 |  |  | 6 |  |  | (7) |  |  | 33 |
Licensing and royalty revenue |  | — |  |  | 20 |  |  | — |  |  | 20 |
Total deferred revenue |  | $ | 651 |  |  | $ | 222 |  |  | $ | (76) |  |  | $ | 797 |

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