v3.25.4
CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Total Revenues $ 48,194 $ 48,300 $ 45,006
Cost of products sold [1] 13,936 13,968 10,693
Selling, general and administrative 7,267 8,414 7,772
Research and development 9,951 11,159 9,299
Acquired IPRD 3,721 13,373 913
Amortization of acquired intangible assets 3,317 8,872 9,047
Other (income)/expense, net 674 893 (1,158)
Total Expenses 38,866 56,679 36,566
Earnings/(Loss) before income taxes 9,328 (8,379) 8,440
Income tax provision 2,272 554 400
Net earnings/(loss) 7,055 (8,933) 8,040
Noncontrolling Interest 2 15 15
Net earnings/(loss) attributable to BMS $ 7,054 $ (8,948) $ 8,025
Earnings/(Loss) per common share:      
Basic (in dollars per share) $ 3.47 $ (4.41) $ 3.88
Diluted (in dollars per share) $ 3.46 $ (4.41) $ 3.86
Net product sales      
Total Revenues $ 46,756 $ 46,778 $ 43,778
Alliance and other revenues      
Total Revenues $ 1,438 $ 1,522 $ 1,228
[1] Excludes amortization of acquired intangible assets.