v3.26.1
RECEIVABLES
6 Months Ended
Jun. 30, 2026
Accounts Receivable, after Allowance for Credit Loss [Abstract]  
RECEIVABLES RECEIVABLES
Dollars in millionsJune 30,
2026
December 31,
2025
Trade receivables$9,962 $11,370 
Less charge-backs and cash discounts
(826)(1,720)
Less allowance for expected credit loss
(59)(58)
Net trade receivables9,077 9,592 
Alliance, royalties, VAT and other1,475 1,821 
Receivables$10,553 $11,414 

Non-U.S. receivables sold on a nonrecourse basis were $68 million and $147 million for the six months ended June 30, 2026 and 2025, respectively. Receivables from the three largest customers in the U.S. represented 71% and 75% of total trade receivables as of June 30, 2026 and December 31, 2025, respectively.