v3.25.2
RECEIVABLES
6 Months Ended
Jun. 30, 2025
Accounts Receivable, after Allowance for Credit Loss [Abstract]  
RECEIVABLES RECEIVABLES
Dollars in millionsJune 30,
2025
December 31,
2024
Trade receivables$10,714 $9,957 
Less charge-backs and cash discounts
(949)(900)
Less allowance for expected credit loss
(54)(45)
Net trade receivables9,711 9,012 
Alliance, royalties, VAT and other1,703 1,735 
Receivables$11,415 $10,747 

Non-U.S. receivables sold on a nonrecourse basis were $147 million and $304 million for the six months ended June 30, 2025 and 2024, respectively. Receivables from the three largest customers in the U.S. represented 72% and 74% of total trade receivables as of June 30, 2025 and December 31, 2024, respectively.