v3.26.1
ACQUISITIONS, DIVESTITURES, LICENSING AND OTHER ARRANGEMENTS (Tables)
3 Months Ended
Mar. 31, 2026
Acquisitions, Divestitures and Other Arrangements [Abstract]  
Divestitures
The following table summarizes the financial impact of divestitures including royalties, which is included in Other (income)/expense, net. Revenue and pretax earnings related to all divestitures were not material in all periods presented (excluding divestiture gains or losses).
Three Months Ended March 31,
Net ProceedsDivestiture (Gains)/LossesRoyalty Income
Dollars in millions202620252026202520262025
Diabetes business - royalties
$273 $276 $— $— $— $(272)
Mature products and other28 10 (24)(9)— — 
Total$301 $286 $(24)$(9)$— $(272)
Licensing and Other Arrangements
The following table summarizes the financial impact of Keytruda* royalties, Tecentriq* royalties, upfront licensing fees and milestones for products that have not obtained commercial approval, which are included in Other (income)/expense, net.

Three Months Ended March 31,
Dollars in millions20262025
Keytruda* royalties
$(159)$(151)
Tecentriq* royalties
(14)(12)
Contingent milestone income— (40)
Amortization of deferred income(12)(12)
Other royalties and licensing income
(10)(43)
Royalty and licensing income$(195)$(259)