| SUPPLEMENTAL FINANCIAL INFORMATION |
SUPPLEMENTAL FINANCIAL INFORMATION | | | | | | | | | | | | | Dollars in millions | June 30,
2026 | | December 31, 2025 | | Income taxes | $ | 2,339 | | | $ | 2,920 | | | Research and development | 818 | | | 753 | | | Contract assets | 108 | | | 192 | | | | | | | | | | | | | | | Other | 957 | | | 748 | | | Other current assets | $ | 4,222 | | | $ | 4,613 | |
| | | | | | | | | | | | | Dollars in millions | June 30,
2026 | | December 31, 2025 | | Equity investments (Note 9) | $ | 1,989 | | | $ | 2,096 | | Operating leases | 1,486 | | | 1,582 | | Inventories (Note 12) | 1,632 | | | 1,650 | | | Pension and postretirement | 332 | | | 330 | | | Research and development | 239 | | | 250 | | | | | | | | | | | Other | 700 | | | 566 | | | Other non-current assets | $ | 6,378 | | | $ | 6,474 | |
| | | | | | | | | | | | | Dollars in millions | June 30,
2026 | | December 31, 2025 | | Rebates and discounts | $ | 5,654 | | | $ | 8,844 | | | Income taxes | 806 | | | 979 | | | | | | | Employee compensation and benefits | 881 | | | 1,561 | | | Research and development | 1,562 | | | 1,434 | | | Dividends | 1,288 | | | 1,283 | | | Interest | 587 | | | 484 | | | Royalties | 552 | | | 537 | | | Operating leases | 207 | | | 202 | | | | | | | | | | | Other | 1,938 | | | 2,256 | | | Other current liabilities | $ | 13,474 | | | $ | 17,581 | |
| | | | | | | | | | | | | Dollars in millions | June 30,
2026 | | December 31, 2025 | | Income taxes | $ | 830 | | | $ | 1,407 | | | Pension and postretirement | 307 | | | 330 | | Operating leases | 1,726 | | | 1,826 | | | Deferred income | 142 | | | 169 | | | Deferred compensation | 521 | | | 487 | | Contingent value rights (Note 9) | 607 | | | 607 | | | Other | 208 | | | 216 | | | Other non-current liabilities | $ | 4,341 | | | $ | 5,043 | |
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