v3.25.2
RESTRUCTURING (Tables)
6 Months Ended
Jun. 30, 2025
Restructuring Charges [Abstract]  
Restructuring and Related Costs
The following provides the charges related to restructuring initiatives by type of cost:
Three Months Ended June 30,Six Months Ended June 30,
Dollars in millions2025202420252024
2023 Restructuring Plan$231 $264 $374 $332 
Celgene and Other Acquisition Plans48 93 95 337 
Total charges$279 $357 $469 $669 
Employee termination costs$220 $260 $352 $477 
Other termination costs— 
Provision for restructuring223 260 356 480 
Integration expenses32 74 74 145 
Accelerated depreciation12 20 27 34 
Asset impairments
10 — 18 
Other shutdown costs, net
(5)
Total charges$279 $357 $469 $669 
Cost of products sold$$$$17 
Selling, general and administrative
12 
Research and development18 14 39 15 
Other (income)/expense, net255 334 421 625 
Total charges$279 $357 $469 $669 
Schedule of Restructuring Reserve by Type of Cost
The following summarizes the charges and spending related to restructuring plan activities:
Six Months Ended June 30,
Dollars in millions20252024
Beginning balance $297 $188 
Provision for restructuring356 480 
Payments(310)(234)
Foreign currency translation and other10 (3)
Ending balance$353 $431