v3.25.2
FINANCING ARRANGEMENTS (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
Short-term debt obligations include:
Dollars in millionsJune 30,
2025
December 31,
2024
Non-U.S. short-term financing obligations
$240 $218 
Current portion of Long-term debt4,475 1,828 
Short-term debt obligations
$4,715 $2,046 
Schedule of Long-term Debt and Current Portion of Long-term Debt
Long-term debt and the current portion of Long-term debt include:
Dollars in millionsJune 30,
2025
December 31,
2024
Principal value$48,415 $48,937 
Adjustments to principal value:
Fair value of interest rate swap contracts41 (10)
Unamortized basis adjustment from swap terminations66 71 
Unamortized bond discounts and issuance costs(375)(390)
Unamortized purchase price adjustments of Celgene debt798 823 
Total$48,945 $49,431 
Current portion of Long-term debt$4,475 $1,828 
Long-term debt44,470 47,603 
Total$48,945 $49,431