v3.26.1
FINANCING ARRANGEMENTS (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
Short-term debt obligations include:
Dollars in millionsJune 30,
2026
December 31,
2025
Non-U.S. short-term financing obligations
$259 $284 
Current portion of Long-term debt768 1,977 
Short-term debt obligations
$1,027 $2,261 
Schedule of Long-term Debt and Current Portion of Long-term Debt
Long-term debt and the current portion of Long-term debt include:
Dollars in millionsJune 30,
2026
December 31,
2025
Principal value$42,421 $44,323 
Adjustments to principal value:
Fair value of interest rate swap contracts(12)41 
Unamortized basis adjustment from swap terminations54 60 
Unamortized bond discounts and issuance costs(335)(347)
Unamortized purchase price adjustments of Celgene debt734 751 
Total$42,861 $44,827 
Current portion of Long-term debt$768 $1,977 
Long-term debt42,093 42,850 
Total$42,861 $44,827