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Net Product Sales (Tables)

6 Months Ended

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

X

- 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

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X

- 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

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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

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