v3.26.1
RECEIVABLES
3 Months Ended
Mar. 31, 2026
Accounts Receivable, after Allowance for Credit Loss [Abstract]  
RECEIVABLES RECEIVABLES
Dollars in millionsMarch 31,
2026
December 31,
2025
Trade receivables$8,860 $11,370 
Less charge-backs and cash discounts
(857)(1,720)
Less allowance for expected credit loss
(56)(58)
Net trade receivables7,946 9,592 
Alliance, royalties, VAT and other1,422 1,821 
Receivables$9,368 $11,414 

Non-U.S. receivables sold on a nonrecourse basis were $37 million and $75 million for the three months ended March 31, 2026 and 2025, respectively. Receivables from the three largest customers in the U.S. represented 70% and 75% of total trade receivables as of March 31, 2026 and December 31, 2025, respectively.