| INTANGIBLE ASSETS |
INTANGIBLE ASSETS The following table summarizes our Intangible assets, net: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2026 | | December 31, 2025 | | (in millions) | | Gross Carrying Amount | | Accumulated Amortization | | Foreign Currency Translation Adjustment | | Net Carrying Amount | | Gross Carrying Amount | | Accumulated Amortization | | Foreign Currency Translation Adjustment | | Net 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 | | | Other | | 1,458 | | | (1,059) | | | — | | | 400 | | | 1,483 | | | (1,056) | | | — | | | 428 | | | Total finite-lived assets | | 31,863 | | | (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 | |
_______________________________ (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.
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