v3.26.1
INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2026
Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
The following table summarizes our Intangible assets, net:
 March 31, 2026December 31, 2025
(in millions)Gross 
Carrying
Amount
Accumulated
Amortization
Foreign Currency Translation AdjustmentNet
Carrying Amount
Gross 
Carrying
Amount
Accumulated
Amortization
Foreign Currency Translation AdjustmentNet
Carrying Amount
Finite-lived assets:
Intangible asset – sofosbuvir$10,720 $(8,623)$— $2,097 $10,720 $(8,448)$— $2,272 
Intangible asset – axicabtagene ciloleucel
7,110 (3,229)— 3,881 7,110 (3,127)— 3,983 
Intangible asset – Trodelvy
11,730 (4,434)— 7,296 11,730 (4,164)— 7,566 
Intangible asset – Hepcludex
845 (437)— 408 845 (415)— 430 
Other1,458 (1,059)— 400 1,483 (1,056)— 428 
Total finite-lived assets31,863 (17,782)— 14,082 31,888 (17,211)— 14,678 
Indefinite-lived assets – IPR&D(1)
2,300 — — 2,300 2,300 — — 2,300 
Total intangible assets$34,163 $(17,782)$— $16,382 $34,188 $(17,211)$— $16,978 
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(1)    The Indefinite-lived assets – IPR&D balance as of March 31, 2026 was comprised of $1.75 billion related to sacituzumab govitecan-hziy for NSCLC and $550 million related to bulevirtide.
Impairment Assessments
No indicators of impairment resulting in an adjustment to the carrying value of intangible assets were identified for the three months ended March 31, 2026 and 2025.