v3.25.4
INCOME TAXES - Summary of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets:    
Net operating loss carryforwards $ 266 $ 288
Stock-based compensation 83 84
Reserves and accruals not currently deductible 688 685
Excess of tax basis over book basis of intangible assets 776 910
Deductible acquired IPR&D payments 1,293 1,312
Research and other credit carryforwards 353 428
Equity investments 111 237
Liability related to future royalties 270 287
Capitalized R&D expenditures 1,773 2,173
Capital losses 187 590
Other, net 252 213
Total deferred tax assets before valuation allowance 6,052 7,207
Valuation allowance (676) (1,217)
Total deferred tax assets 5,376 5,990
Deferred tax liabilities:    
Property, plant and equipment (288) (276)
Excess of book basis over tax basis of intangible assets (3,209) (3,836)
Equity investments (92) (81)
Other (225) (143)
Total deferred tax liabilities (3,814) (4,336)
Net deferred tax assets 1,562 1,654
Valuation allowance increase (decrease) $ (541) $ 554