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Net Product Sales (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Revenue from External Customers by Geographic Areas | Net product sales by customer geographic location were as follows (in millions):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
United States |  | $ | 162 |  |  | $ | 2 |  |  | $ | 262 |  |  | $ | 3 |
Europe |  | — |  |  | 60 |  |  | — |  |  | 636 |
Rest of world |  | 22 |  |  | 231 |  |  | 89 |  |  | 1,482 |
Total |  | $ | 184 |  |  | $ | 293 |  |  | $ | 351 |  |  | $ | 2,121 |
Schedule of Disaggregation of Revenue | The following table summarizes product sales provision for the periods presented (in millions):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Gross product sales |  | $ | 191 |  |  | $ | 293 |  |  | $ | 413 |  |  | $ | 2,121 |
Product sales provision: |  |  |  |  |  |  |  |
Wholesaler chargebacks, discounts and fees |  | 22 |  |  | — |  |  | — |  |  | — |
Returns and other fees |  | (29) |  |  | — |  |  | (62) |  |  | — |
Total product sales provision |  | $ | (7) |  |  | $ | — |  |  | $ | (62) |  |  | $ | — |
Net product sales |  | $ | 184 |  |  | $ | 293 |  |  | $ | 351 |  |  | $ | 2,121 |
The following table summarizes other revenue for the periods presented (in millions):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Grant revenue |  | $ | 20 |  |  | $ | 28 |  |  | $ | 20 |  |  | $ | 52 |
Collaboration revenue |  | 7 |  |  | 23 |  |  | 7 |  |  | 33 |
Licensing and royalty revenue |  | 30 |  |  | — |  |  | 30 |  |  | — |
Total other revenue |  | $ | 57 |  |  | $ | 51 |  |  | $ | 57 |  |  | $ | 85 |
Schedule of Changes in Balances of Receivables and Contract Liabilities | 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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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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