Selected financial information pertaining to alliances was as follows, including net product sales when BMS is the principal in the third-party customer sale for products subject to the alliance. Expenses summarized below do not include all amounts attributed to the activities for the products in the alliance, but only the payments between the alliance partners or the related amortization if the payments were deferred or capitalized.
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | Dollars in millions | 2026 | | 2025 | | 2026 | | 2025 | | Revenues from alliances: | | | | | | | | | Net product sales | $ | 4,485 | | | $ | 3,720 | | | $ | 8,633 | | | $ | 7,355 | | | Alliance revenues | 104 | | | 119 | | | 198 | | | 208 | | | Total alliance revenues | $ | 4,588 | | | $ | 3,840 | | | $ | 8,831 | | | $ | 7,563 | | | | | | | | | | | Payments to/(from) alliance partners: | | | | | | | | | Cost of products sold | $ | 2,206 | | | $ | 1,827 | | | $ | 4,272 | | | $ | 3,615 | | Selling, general and administrative | (85) | | | (68) | | | (151) | | | (133) | | | Research and development | 81 | | | 75 | | | 152 | | | 151 | | | Acquired IPRD | — | | | 1,500 | | | — | | | 1,500 | | | Other (income)/expense, net | (12) | | | (10) | | | (24) | | | (22) | |
| | | | | | | | | | | | | Dollars in millions | June 30,
2026 | | December 31,
2025 | | Selected alliance balance sheet information: | | | | | Receivables – from alliance partners | $ | 185 | | | $ | 198 | | | Accounts payable – to alliance partners | 2,190 | | | 1,684 | | Deferred income – from alliances(a) | 156 | | | 175 | |
(a) Includes unamortized upfront and milestone payments.
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