| SUPPLEMENTAL FINANCIAL INFORMATION |
SUPPLEMENTAL FINANCIAL INFORMATION | | | | | | | | | | | | | Dollars in millions | June 30,
2025 | | December 31, 2024 | | Income taxes | $ | 3,439 | | | $ | 3,292 | | | Research and development | 847 | | | 754 | | | Contract assets | 248 | | | 385 | | | | | | | | | | Restricted cash | 12 | | | — | | | Other | 920 | | | 1,186 | | | Other current assets | $ | 5,466 | | | $ | 5,617 | |
| | | | | | | | | | | | | Dollars in millions | June 30,
2025 | | December 31, 2024 | | Equity investments (Note 9) | $ | 1,706 | | | $ | 1,736 | | | Operating leases | 1,276 | | | 1,224 | | Inventories (Note 12) | 1,675 | | | 1,569 | | | Pension and postretirement | 270 | | | 234 | | | Research and development | 285 | | | 336 | | | | | | Receivables and convertible notes | 200 | | | 452 | | | Other | 524 | | | 554 | | | Other non-current assets | $ | 5,936 | | | $ | 6,105 | |
| | | | | | | | | | | | | Dollars in millions | June 30,
2025 | | December 31, 2024 | | Rebates and discounts | $ | 9,539 | | | $ | 9,021 | | | Income taxes | 918 | | | 1,514 | | | | | | | Employee compensation and benefits | 897 | | | 1,694 | | | Research and development | 1,384 | | | 1,366 | | | Dividends | 1,262 | | | 1,258 | | | Interest | 575 | | | 572 | | | Royalties | 495 | | | 477 | | | Operating leases | 194 | | | 181 | | | | | | | Other | 2,122 | | | 2,043 | | | Other current liabilities | $ | 17,386 | | | $ | 18,126 | |
| | | | | | | | | | | | | Dollars in millions | June 30,
2025 | | December 31, 2024 | | Income taxes | $ | 1,438 | | | $ | 1,491 | | | Pension and postretirement | 415 | | | 400 | | | Operating leases | 1,550 | | | 1,370 | | | Deferred income | 197 | | | 230 | | | Deferred compensation | 463 | | | 456 | | Contingent value rights (Note 9) | 592 | | | 256 | | | Other | 287 | | | 266 | | | Other non-current liabilities | $ | 4,942 | | | $ | 4,469 | |
|