v3.26.1
FINANCING RECEIVABLES (Tables)
6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Schedule of Receivables
Current Receivables
As of
June 30, 2026
December 31, 2025
Current customer receivables(1)
$
3,535 
$
3,719 
Non-income based tax receivables
169 
159 
Other sundry receivables
279 
180 
Current sundry receivables
448 
339 
Allowance for credit losses
(102)
(103)
Total current receivables – net
$
3,881 
$
3,955 
(1) Chargebacks, which are primarily related to our PDx business, are generally settled through issuance of credits, typically within one month of initial recognition, and are recorded as a reduction to Current customer receivables. Balances related to chargebacks were $103 million and $148 million as of June 30, 2026 and December 31, 2025, respectively. The decrease in chargebacks is primarily due to lower wholesaler product levels.
Long-Term Receivables
As of
June 30, 2026
December 31, 2025
Long-term customer receivables
$
77 
$
73 
Non-income based tax receivables
25 
24 
Other sundry receivables
88 
100 
Long-term sundry receivables
112 
124 
Allowance for credit losses
(7)
(7)
Total long-term receivables – net
$
183 
$
190 
As of
June 30, 2026
December 31, 2025
Loans receivable, at amortized cost
$
21 
$
21 
Investment in finance leases, net of deferred income
74 
76 
Allowance for credit losses
(3)
(2)
Current financing receivables – net
$
92 
$
95 
Loans receivable, at amortized cost
$
45 
$
44 
Investment in finance leases, net of deferred income
149 
149 
Allowance for credit losses
(3)
(3)
Non-current financing receivables – net
$
191 
$
190