v3.26.1
FINANCING ARRANGEMENTS (Tables)
3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
Short-term debt obligations include:
Dollars in millionsMarch 31,
2026
December 31,
2025
Non-U.S. short-term financing obligations
$319 $284 
Current portion of Long-term debt1,988 1,977 
Short-term debt obligations
$2,308 $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 millionsMarch 31,
2026
December 31,
2025
Principal value$43,665 $44,323 
Adjustments to principal value:
Fair value of interest rate swap contracts17 41 
Unamortized basis adjustment from swap terminations57 60 
Unamortized bond discounts and issuance costs(341)(347)
Unamortized purchase price adjustments of Celgene debt743 751 
Total$44,140 $44,827 
Current portion of Long-term debt$1,988 $1,977 
Long-term debt42,152 42,850 
Total$44,140 $44,827