v3.25.4
RECEIVABLES
 12 Months Ended
Dec. 31, 2025
Receivables [Abstract]  
RECEIVABLES RECEIVABLES
Current Receivables
As of
December 31, 2025December 31, 2024
Current customer receivables(1)
$3,719 $3,382 
Non-income based tax receivables159 155 
Other sundry receivables180 133 
Current sundry receivables
339 287 
Allowance for credit losses(103)(103)
Total current receivables – net$3,955 $3,566 
(1) Chargebacks, which are primarily related to our PDx business, are generally settled through issuance of credits, typically within one month of initial recognition, and are recorded as a reduction to Current customer receivables. Balances related to chargebacks were $148 million and $153 million as of December 31, 2025 and 2024, respectively.

Activity in the allowance for credit losses related to current receivables consisted of the following:

For the years ended December 31
202520242023
Balance at beginning of period$103 $98 $91 
Additions charged to costs and expenses10 20 16 
Write-offs(15)(12)(11)
Foreign currency exchange and other4 (2)2 
Balance at end of period $103 $103 $98 

Long-Term Receivables
As of
December 31, 2025December 31, 2024
Long-term customer receivables$73 $59 
Non-income based tax receivables24 20 
Other sundry receivables
100 68 
Long-term sundry receivables
124 88 
Allowance for credit losses
(7)(5)
Total long-term receivables – net
$190 $142 

Long-term receivables are recognized within All other non-current assets in the Consolidated Statements of Financial Position.