v3.25.4
RECEIVABLES
12 Months Ended
Dec. 31, 2025
Accounts Receivable, after Allowance for Credit Loss [Abstract]  
RECEIVABLES RECEIVABLES
 December 31,
Dollars in millions20252024
Trade receivables$11,370 $9,957 
Less charge-backs and cash discounts(1,720)(900)
Less allowance for expected credit loss(58)(45)
Net trade receivables9,592 9,012 
Alliance, royalties, VAT and other1,821 1,735 
Receivables$11,414 $10,747 

Non-U.S. receivables sold on a nonrecourse basis were $360 million in 2025, $477 million in 2024 and $1.0 billion in 2023. Receivables from the three largest customers in the U.S. represented 75% and 74% of total trade receivables at December 31, 2025 and 2024, respectively.

Changes to the allowance for expected credit loss, charge-backs and cash discounts were as follows:
 Year Ended December 31,
Dollars in millions202520242023
Beginning balance
$945 $669 $697 
Provision
14,089 11,551 9,158 
Utilization(13,263)(11,272)(9,186)
Other(3)— 
Ending balance
$1,779 $945 $669