v3.25.4
INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Earnings/(Loss) before income taxes:      
U.S. $ (19) $ (14,893) $ 2,624
Non-U.S. 9,347 6,514 5,816
Earnings/(Loss) before income taxes 9,328 (8,379) 8,440
Effective Income Tax Rate Reconciliation, Amount      
U.S. Federal statutory rate 1,959 (1,759) 1,772
Nondeductible R&D charges 290 2,538 0
GILTI, net of foreign derived intangible income deduction 228 501 223
Foreign tax effect of certain operations in Ireland, Puerto Rico and Switzerland   (302) (850)
Non-U.S. tax ruling   0 (656)
U.S. Federal valuation allowance 84 46 (171)
U.S. Federal, state and foreign contingent tax matters 146 (459) 143
U.S. Federal research-based credits (152) (291) (243)
Charitable contributions of inventory   (36) (75)
State and local taxes (net of valuation allowance) 43 (25) 92
Foreign and other   341 165
Income tax provision $ 2,272 $ 554 $ 400
Effective Income Tax Rate Reconciliation, Percent      
U.S. Federal statutory rate 21.00% 21.00% 21.00%
Nondeductible R&D charges 3.10% (30.30%) 0.00%
GILTI, net of foreign derived intangible income deduction 2.40% (6.00%) 2.60%
Foreign tax effect of certain operations in Ireland, Puerto Rico and Switzerland   3.60% (10.10%)
Non-U.S. tax ruling   0.00% (7.80%)
U.S. Federal valuation allowance 0.90% (0.50%) (2.00%)
U.S. Federal, state and foreign contingent tax matters 1.60% 5.50% 1.70%
U.S. Federal research-based credits (1.60%) 3.50% (2.90%)
Charitable contributions of inventory   0.40% (0.90%)
State and local taxes (net of valuation allowance) 0.50% 0.30% 1.10%
Foreign and other   (4.10%) 2.00%
Income tax provision 24.40% (6.60%) 4.70%