v3.26.1
CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Total Revenues $ 12,973 $ 12,269 $ 24,462 $ 23,470
Cost of products sold [1] 3,726 3,372 7,146 6,404
Selling, general and administrative 1,826 1,713 3,443 3,297
Research and development 2,959 2,580 5,608 4,837
Acquired IPRD 0 1,508 94 1,695
Amortization of acquired intangible assets 437 830 874 1,660
Other (income)/expense, net (61) 494 (28) 833
Total Expenses 8,887 10,496 17,137 18,726
Earnings/(Loss) before income taxes 4,086 1,773 7,326 4,744
Income tax provision 770 460 1,331 969
Net earnings/(loss) 3,316 1,313 5,994 3,775
Noncontrolling interest (1) 2 0 9
Net earnings/(loss) attributable to BMS $ 3,317 $ 1,310 $ 5,994 $ 3,766
Earnings/(Loss) per common share:        
Basic (usd per share) $ 1.62 $ 0.64 $ 2.94 $ 1.85
Diluted (usd per share) $ 1.62 $ 0.64 $ 2.93 $ 1.85
Net product sales        
Total Revenues $ 12,588 $ 11,909 $ 23,756 $ 22,794
Alliance and other revenues        
Total Revenues $ 385 $ 360 $ 706 $ 676
[1] Excludes amortization of acquired intangible assets