v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Profit or loss [abstract]        
Revenue $ 1,155 $ 925 $ 2,051 $ 1,640
Cost of product sales (84) (57) (149) (99)
Research and development expenses (459) (364) (899) (723)
Selling, general and administrative expenses (205) (144) (371) (270)
Acquisition and integration related charges (32) 0 (77) 0
Total costs and operating expenses (780) (565) (1,496) (1,092)
Operating profit 375 360 555 548
Financial income 59 154 103 253
Financial expenses (139) (91) (289) (134)
Net profit before tax 295 423 369 667
Corporate tax benefit / (expense) 8 (87) (13) (136)
Net profit 303 336 356 531
Amounts which may be re-classified to the income statement:        
Exchange differences on translation of foreign operations (63) 3 (226) 16
Cash flow hedges [abstract]        
Gross deferred gains/(losses) on cash flow hedges 5 0 10 0
Deferred tax benefit (expense) on cash flow hedges 1 0 0 0
Deferred gains/(losses) on cash flow hedges, net of tax 6 0 10 0
Total comprehensive income $ 246 $ 339 $ 140 $ 547
Basic net profit per share (in dollars per share) $ 4.94 $ 5.44 $ 5.78 $ 8.47
Diluted net profit per share (in dollars per share) $ 4.91 $ 5.42 $ 5.73 $ 8.45