Novartis Ag Balance Sheet (2009-2025) | NVS

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Balance Sheet	Mar2009	Jun2009	Sep2009	Dec2009	Mar2010	Jun2010	Sep2010	Dec2010	Mar2011	Jun2011	Sep2011	Dec2011	Mar2012	Jun2012	Sep2012	Dec2012	Mar2013	Jun2013	Sep2013	Dec2013	Mar2014	Jun2014	Sep2014	Dec2014	Mar2015	Jun2015	Sep2015	Dec2015	Mar2016	Jun2016	Sep2016	Dec2016	Mar2017	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025
Assets
Current Assets
Cash & Equivalents	-463.00	0.00B	735.00	856.00	0.00B	492.00	0.00B	0.00B	0.00B	-0.00B	-0.00B	-0.00B	332.00	557.00	882.00	0.00B	-846.00	-629.00	811.00	0.00B	483.00	0.00B	0.00B	6.34B	-6.55B	5.22B	-7.70B	4.67B	-0.22B	5.04B	2.50B	7.01B	0.56B	7.86B	1.80B	8.86B	-3.05B	12.45B	5.14B	13.27B	-6.46B	9.99B	-4.89B	11.11B	-6.58B	5.92B	-2.12B	9.66B	-5.86B	5.12B	-2.45B	12.41B	1.45B	-10.23B	-3.68B	7.52B	4.48B	-1.11B	1.52B	14.43B	-3.92B	-1.57B	0.22B	13.46B	7.07B	-4.80B	-1.90B
Short-term Investments	-29.00	-106.00	-498.00	17.45B	-137.00	-128.00	-438.00	8.13B	-202.00	-426.00	-721.00	-0.05B	-140.00	-232.00	-508.00	-0.02B	-167.00	-214.00	-541.00	-0.02B	-168.00	-230.00	-524.00	-0.02B	-128.00	-388.00	-0.52B	-0.02B	-0.13B	-507.00	-0.68B	-0.15B	-0.01B	-0.35B	-0.17B	0.62B	-0.06B	0.05B	-0.02B	2.69B	-0.04B	0.03B	-0.03B	0.33B	-0.01B	-0.02B	-0.03B	1.91B	-0.28B	-0.32B	-0.32B	15.92B	-0.03B	-0.01B	-0.02B	11.41B	-0.01B	-0.00B	-0.00B	1.03B	-0.03B	-0.07B	-0.03B	2.00B	-0.02B	-0.01B	-0.02B
Cash & Current Investments	-492.00	0.00B	237.00	17.45B	0.00B	364.00	0.00B	8.13B	0.00B	-0.00B	-0.00B	-0.05B	192.00	325.00	374.00	-0.02B	-0.00B	-843.00	270.00	-0.02B	315.00	0.00B	0.00B	6.31B	-6.55B	5.22B	-8.21B	4.65B	-0.35B	5.04B	1.82B	6.85B	0.56B	7.51B	1.63B	9.48B	-3.11B	12.49B	5.12B	15.96B	-6.51B	10.02B	-4.92B	11.45B	-6.59B	5.90B	-2.15B	11.56B	-6.14B	4.79B	-2.76B	28.33B	1.42B	-10.24B	-3.70B	18.93B	4.48B	-1.12B	1.52B	15.46B	-3.95B	-1.63B	0.18B	15.46B	7.04B	-4.82B	-1.92B
Receivables - Net	0.00B	0.00B	0.00B	8.31B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	10.32B	0.00B	0.00B	0.00B	10.05B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	-0.14B	0.00B	0.00B	8.55B	-0.16B	8.23B	8.38B	8.48B	-0.19B	8.92B	8.80B	8.59B	8.73B	7.61B	7.97B	7.83B	8.30B	8.54B	7.64B	8.07B	8.22B	8.27B	8.40B	8.38B	8.01B	8.41B	8.64B	8.42B	8.07B	8.92B	9.20B	6.82B	7.11B	7.84B	8.23B	7.97B	7.42B	8.60B	9.06B	8.84B
Receivables - Other																																				1.03B				1.36B				1.17B				0.96B				0.79B				0.96B				1.25B				1.33B
Receivables	0.00B	0.00B	0.00B	8.31B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	10.32B	0.00B	0.00B	0.00B	10.05B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	-0.14B	0.00B	0.00B	8.55B	-0.16B	8.23B	8.38B	8.48B	0.84B	8.92B	8.80B	8.59B	10.09B	7.61B	7.97B	7.83B	9.47B	8.54B	7.64B	8.07B	9.18B	8.27B	8.40B	8.38B	8.80B	8.41B	8.64B	8.42B	9.02B	8.92B	9.20B	6.82B	8.36B	7.84B	8.23B	7.97B	8.75B	8.60B	9.06B	8.84B
Finished Goods				4.88B												5.79B				6.31B				5.34B
Inventory	0.00B	0.00B	0.00B	5.83B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	6.74B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	6.09B	0.00B	0.00B	0.00B	6.23B	0.00B	0.00B	6.77B	6.25B	6.58B	6.90B	6.95B	6.87B	7.23B	7.10B	6.95B	6.96B	5.73B	6.09B	6.12B	5.98B	6.40B	6.90B	7.14B	7.13B	7.00B	7.11B	6.88B	6.67B	7.00B	6.88B	6.78B	7.17B	7.89B	8.23B	5.61B	5.91B	5.74B	5.75B	5.94B	5.72B	5.83B	6.31B	6.42B
Current Assets	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	2.58B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	2.53B	0.00B	0.00B	0.00B	2.99B	0.00B	0.00B	2.78B	2.70B	2.71B	2.82B	2.61B	28.21B	2.83B	2.83B	2.79B	35.56B	2.76B	2.79B	2.92B	29.50B	2.93B	2.73B	2.67B	29.67B	2.64B	2.69B	2.57B	45.72B	2.75B	2.59B	2.39B	36.91B	2.79B	2.83B	2.78B	30.48B	2.76B	3.03B	3.15B	29.70B	3.36B	3.46B	3.04B
Non-Current Assets
Buildings																																									1.02B
Land & Improvements																																									0.54B
Property, Plant & Equipment (Net)	-368.00	-485.00	-0.00B	-1.89B	-304.00	0.00B	0.00B	15.84B	-419.00	-453.00	-0.00B	-2.17B	-412.00	-604.00	-0.00B	-2.46B	-497.00	-633.00	-0.00B	-2.90B	-482.00	-644.00	-0.00B	-2.62B	-469.00	-0.00B	-1.61B	-2.37B	-0.39B	0.00B	-1.28B	31.30B	-0.34B	16.21B	-1.06B	34.01B	-0.26B	-0.52B	-0.81B	34.03B	-0.28B	12.29B	-0.92B	27.00B	-0.24B	-0.47B	-0.75B	12.26B	-0.25B	-0.57B	-0.92B	11.54B	-0.26B	-0.26B	-0.61B	10.76B	-0.17B	-0.23B	-0.26B	9.51B	-0.23B	-0.26B	-0.81B	9.46B	-0.25B	-0.58B	10.48B
Long-Term Investments		-11.00	-8.00	17.79B	6.00	77.00	101.00	-0.12B				-0.14B				-0.17B				-0.15B				-0.24B				-0.26B				-0.25B	-0.13B		-0.29B	15.37B	-0.03B	-0.07B	-0.15B	8.35B	-0.11B	3.43B	-0.22B	8.64B	-0.05B	-0.09B	-0.12B	9.63B	-0.04B	-0.08B	-0.12B	3.04B	-0.04B	-0.04B	-0.09B	2.41B	-0.04B	-0.03B	-0.01B	2.61B	-0.05B	-0.04B	-0.14B	2.02B	1.98B	-0.04B	-0.06B
Goodwill	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	29.94B	0.00B	0.00B	0.00B	31.09B	0.00B	0.00B	0.00B	31.03B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	31.17B	0.00B	0.00B	31.41B	30.98B	31.20B	31.61B	31.71B	31.75B	34.13B	35.17B	35.04B	35.29B	26.30B	26.53B	26.31B	26.52B	28.94B	29.10B	29.53B	30.00B	29.59B	29.77B	29.57B	29.59B	29.64B	29.11B	28.67B	29.30B	29.48B	29.52B	23.42B	23.34B	23.06B	25.23B	24.93B	24.76B	24.96B	25.55B	25.55B
Intangibles	10.00	0.00B	0.00B	22.37B	0.00B	0.00B	0.00B	64.92B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	61.42B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	23.83B	0.00B	0.00B	0.00B	34.22B	0.00B	0.00B	32.80B	55.14B	31.53B	31.47B	30.84B	58.00B	32.12B	39.44B	37.95B	69.03B	27.02B	27.22B	29.69B	53.42B	37.45B	36.67B	36.88B	67.72B	35.38B	34.82B	33.95B	68.21B	34.85B	33.37B	31.89B	69.68B	30.45B	28.00B	26.42B	26.88B	26.27B	27.77B	27.90B	26.91B	27.48B	29.24B	29.04B
Goodwill & Intangibles	0.00B	0.00B	0.00B	22.37B	0.00B	0.00B	0.00B	64.92B	0.00B	0.00B	0.00B	29.94B	0.00B	0.00B	0.00B	92.51B	0.00B	0.00B	0.00B	31.03B	0.00B	0.00B	0.00B	23.83B	0.00B	0.00B	0.00B	65.39B	0.00B	0.00B	64.20B	86.12B	62.73B	63.08B	62.55B	89.75B	66.25B	74.61B	72.99B	104.32B	53.32B	53.75B	56.00B	79.94B	66.39B	65.77B	66.42B	97.72B	64.97B	64.58B	63.52B	97.81B	64.49B	62.48B	60.56B	98.98B	59.93B	57.52B	49.83B	50.22B	49.34B	53.01B	52.83B	51.67B	52.44B	54.79B	54.59B
Long-Term Deferred Tax				4.62B				5.24B				5.86B				7.37B				7.38B				7.99B				8.96B				10.03B				8.23B	8.21B	8.22B	8.16B	8.70B	7.30B	7.83B	7.99B	7.91B	8.54B	8.60B	8.50B	3.93B	8.17B	8.05B	3.80B	3.74B	3.87B	3.62B	3.54B	3.74B	4.08B	4.04B	3.63B	4.31B	4.22B	4.40B	4.65B	4.36B	5.10B	5.20B	5.58B
Other Non-Current Assets	0.00B	0.00B	0.00B	0.00B	0.00B	-293.00	-483.00	-0.01B	-87.00	-171.00	-332.00	-0.05B	-212.00	-110.00	-415.00	-0.06B	-153.00	-186.00	-447.00	-0.04B	-126.00	0.00B	-775.00	-0.06B	-246.00	-722.00	-0.92B	-0.08B	-0.32B	0.00B	27.72B	-0.15B	-0.05B	27.93B	-0.05B	0.82B	-0.00B	-0.01B	-0.03B	0.90B	-0.01B	0.70B	-0.03B	0.74B	-0.04B	-0.05B	-0.05B	0.89B	-0.01B	2.21B	-0.06B	2.21B	3.86B	3.88B	-0.00B	1.11B	1.21B	1.21B	1.11B	1.20B	1.21B	1.66B	1.39B	3.50B	4.11B	4.47B	-0.00B
Non-Current Assets	0.00B	0.00B	0.00B	61.81B	0.00B	0.00B	0.00B	96.63B	0.00B	0.00B	0.00B	93.41B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	108.71B	0.00B	0.00B	108.12B	105.19B	106.22B	107.21B	107.51B	104.87B	102.47B	109.99B	108.88B	110.00B	85.50B	87.97B	89.30B	88.87B	100.00B	99.88B	100.70B	98.11B	99.55B	100.21B	94.96B	86.08B	87.98B	84.77B	81.51B	80.54B	80.13B	77.49B	67.04B	69.46B	67.89B	71.81B	72.26B	72.54B	74.83B	78.46B	79.09B
Assets	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.13B	131.56B	132.45B	131.44B	134.01B	130.12B	131.99B	133.75B	134.97B	133.08B	135.52B	142.06B	142.99B	145.56B	137.95B	116.29B	115.97B	118.37B	123.10B	123.76B	129.68B	127.78B	121.75B	124.02B	121.21B	131.79B	125.22B	122.91B	118.46B	117.45B	112.24B	110.98B	112.70B	99.94B	94.33B	97.50B	103.52B	102.25B	99.94B	104.39B	107.29B
Liabilities
Current Liabilities
Accounts Payables	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	4.99B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	5.42B	0.00B	0.00B	0.00B	5.67B	0.00B	0.00B	4.66B	4.87B	4.57B	4.69B	4.68B	5.17B	4.99B	5.49B	4.97B	5.56B	4.64B	4.75B	4.67B	5.42B	4.83B	4.82B	4.71B	5.40B	5.04B	4.81B	4.67B	5.55B	5.08B	4.97B	4.69B	5.15B	5.43B	5.35B	3.87B	4.93B	4.06B	4.15B	4.09B	4.57B	4.26B	4.51B	4.55B
Notes Payables	333.00	237.00	590.00	613.00	340.00	609.00	719.00	741.00	395.00	21.00	448.00	470.00	447.00	110.00	671.00	0.21B	458.00	63.00	604.00	0.06B	579.00	-18.00	673.00	0.55B	906.00	965.00	1.11B	0.71B	0.45B	696.00	0.70B	0.70B	0.03B	0.91B	0.93B	0.69B		0.04B	0.15B	0.70B		-0.03B	0.06B	0.72B	0.21B	0.26B	0.29B	0.98B				0.90B			0.09B	0.86B	0.08B	-0.05B	0.04B	0.62B				0.64B		0.40B	0.32B
Payables	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	4.99B	0.00B	0.00B	0.00B	0.21B	0.00B	0.00B	0.00B	0.06B	0.00B	0.00B	0.00B	5.97B	0.00B	0.00B	1.11B	6.38B	0.45B	0.00B	5.37B	5.57B	4.60B	5.60B	5.62B	5.86B	4.99B	5.52B	5.12B	6.26B	4.64B	4.72B	4.73B	6.14B	5.04B	5.08B	4.99B	6.38B	5.04B	4.81B	4.67B	6.45B	5.08B	4.97B	4.78B	6.01B	5.51B	5.30B	3.91B	5.55B	4.06B	4.15B	4.09B	5.21B	4.26B	4.90B	4.87B
Accumulated Expenses																																				0.98B				0.97B				1.05B				1.17B				1.09B				1.06B				1.03B				0.90B
Other Accumulated Expenses	60.00	47.00	248.00	255.00	75.00	-42.00	-213.00	-578.00	-77.00	-329.00	-359.00	-256.00	-34.00	-20.00	-102.00	-100.00	9.00	-145.00	313.00	-6.00	170.00	-77.00	240.00	122.00	48.00	162.00	-0.03B	162.00	-0.19B	-28.00	-0.22B	-0.03B	-0.10B	-0.17B	-0.06B	0.66B				0.53B				0.47B				0.75B				0.62B				0.84B				0.52B
Short term Debt				13.99B				22.99B				20.23B				19.73B				6.78B				-2.39B				-1.52B				-1.87B				5.31B	10.91B	9.60B	9.18B	9.68B	7.43B	7.86B	8.02B	7.03B	10.96B	8.88B	9.73B	9.79B	10.16B	9.07B	9.34B	6.29B	6.70B	7.04B	7.05B	5.93B	6.97B	8.29B	5.46B	6.17B	8.34B	7.53B	6.57B	8.23B	7.80B	8.31B	7.52B
Current Leases																																							-0.00B		-0.02B	-0.09B	-0.18B	0.25B	-0.07B	-0.14B	-0.22B	0.29B	-0.08B	-0.16B	-0.24B	0.28B	-0.08B	-0.07B	-0.20B	0.25B	-0.07B	-0.07B	-0.06B	0.23B	-0.07B	-0.06B	-0.19B	0.23B	-0.07B	-0.14B	-0.21B
Current Taxes	321.00	399.00	-0.00B	-1.47B	582.00	-521.00	0.00B	-1.73B	-537.00	520.00	-0.00B	1.71B	390.00	-460.00	0.00B	0.00B	-417.00	447.00	-0.00B	-1.50B	383.00	-424.00	-0.00B	-1.54B	372.00	-300.00	1.03B	-1.11B	-0.34B	-0.31B	-0.98B	1.60B	-0.28B	-0.34B	-0.97B	1.72B	-0.37B	-0.44B	-0.37B	2.04B	-0.27B	-0.80B	-0.37B	2.19B	-0.45B	-0.42B	2.71B	2.46B	-0.39B	-1.00B	2.46B	2.42B	2.58B	2.44B	2.69B	2.53B	2.97B	2.65B	2.13B	1.89B	1.65B	1.92B	2.17B	1.60B	2.57B	2.83B	3.34B
Current Deferred Revenue				0.54B				0.44B																												0.30B				0.24B				0.11B				0.06B
Total Current Liabilities	0.00B	0.00B	0.00B	8.33B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	10.44B	0.00B	0.00B	0.00B	10.94B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	12.44B	0.00B	0.00B	11.63B	9.83B	13.44B	13.89B	13.70B	23.40B	10.56B	11.16B	12.41B	29.61B	10.48B	14.96B	12.92B	28.26B	12.96B	12.86B	14.43B	33.06B	12.44B	13.10B	13.14B	30.21B	15.18B	12.93B	13.47B	28.66B	14.94B	15.34B	13.97B	26.39B	15.01B	13.78B	15.07B	28.69B	16.75B	15.81B	16.32B
Non-Current Liabilities
Non-Current Debt	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	13.78B	0.00B	0.00B	0.00B	11.24B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	16.33B	0.00B	0.00B	18.26B	17.90B	22.93B	23.00B	23.16B	23.22B	23.20B	22.76B	22.61B	22.47B	21.23B	20.36B	20.13B	20.35B	23.80B	23.95B	26.50B	26.26B	25.75B	24.83B	23.10B	22.90B	22.80B	22.23B	19.73B	20.24B	20.40B	18.26B	18.07B	18.44B	17.19B	19.66B	23.75B	21.37B	21.67B	22.47B	22.60B
Total Long Term Debt				0.00B				0.00B
Pension				1.26B				-0.83B				-1.62B				-2.07B				1.98B				3.84B				-0.25B								3.16B				3.55B				3.47B				3.54B				2.64B				1.72B				1.81B				1.57B
Liabilities from Discontinued Operations																			2.95	3.76	0.99	1.11	3.37	4.39	4.44	0.77	0.75	4.48	0.85	0.76	0.81	2.82					0.85	3.32	0.81	0.53	0.50B	2.03	0.90	0.50	0.96	1.77	0.85	0.92							2.16	2.77	1.02	1.09	-0.65B	4.13	1.31	2.91	4.50	5.92
Non-Current Deferred Tax Liability				4.41B				7.69B				6.76B				7.29B				6.90B				6.10B				6.36B				6.66B				5.17B	5.94B	7.63B	7.65B	7.47B	5.42B	5.72B	5.68B	5.87B	7.52B	7.50B	7.43B	3.14B	7.39B	7.47B	3.35B	3.07B	3.38B	3.12B	2.72B	2.69B	2.73B	2.53B	2.46B	2.25B	2.31B	2.46B	2.22B	2.42B	2.55B	2.32B	2.17B
Operating Leases																-5.24B				-3.37B				-3.80B				-3.92B													1.94B			0.10B				2.00B				1.90B				0.02B				1.83B				1.80B
Other Non-Current Liabilities	79.00	0.00B	0.00B	0.00B	189.00	0.00B	0.00B	6.84B	122.00	505.00	855.00	7.79B	441.00	121.00	610.00	9.81B	103.00	245.00	532.00	0.00B	347.00	0.00B	0.00B	0.00B	232.00	481.00	1.12B	14.40B	0.26B	0.00B	0.74B	15.13B	15.08B	14.63B	14.06B	7.06B	6.96B	6.82B	6.39B	7.32B	6.20B	6.84B	7.64B	6.63B	7.81B	7.34B	7.68B	6.93B	6.21B	6.29B	6.33B	6.17B	5.95B	5.35B	5.45B	4.91B	4.84B	4.81B	4.08B	4.52B	4.26B	4.31B	4.39B	4.08B	4.09B	4.24B	4.13B
Total Non-Current Liabilities	0.00B	0.00B	0.00B	18.57B	0.00B	0.00B	0.00B	28.89B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	30.88B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	30.73B	0.00B	0.00B	34.34B	33.02B	38.01B	37.62B	37.22B	35.45B	36.09B	37.21B	36.65B	37.26B	34.51B	34.68B	35.15B	34.55B	40.83B	40.50B	43.29B	38.05B	41.00B	40.25B	34.39B	33.77B	33.71B	32.26B	29.41B	29.37B	29.55B	27.14B	26.06B	26.80B	25.29B	27.99B	31.95B	29.43B	29.87B	30.63B	30.54B
Total Liabilities	0.00B	0.00B	0.04B	0.00B	0.00B	0.00B	0.06B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.06B	54.43B	60.56B	58.90B	58.94B	55.23B	64.34B	63.77B	62.60B	-58.85B	64.31B	65.16B	64.97B	66.87B	90.64B	64.79B	63.37B	62.82B	72.12B	69.88B	75.12B	71.11B	71.16B	69.89B	64.27B	63.97B	63.51B	59.90B	57.57B	58.03B	60.10B	59.05B	74.45B	53.20B	54.58B	55.60B	60.08B	58.12B	61.49B	62.34B	62.54B
Shareholder's Equity
Total Debt	0.00B	0.00B	0.00B	13.99B	0.00B	0.00B	0.00B	22.99B	0.00B	0.00B	0.00B	20.23B	0.00B	0.00B	0.00B	33.51B	0.00B	0.00B	0.00B	18.02B	0.00B	0.00B	0.00B	-2.39B	0.00B	0.00B	0.00B	14.81B	0.00B	0.00B	18.26B	16.03B	22.93B	23.00B	23.16B	28.53B	34.11B	32.36B	31.78B	32.15B	28.65B	28.22B	28.15B	27.38B	34.76B	32.83B	36.22B	36.04B	35.91B	33.90B	32.44B	29.20B	29.49B	29.28B	26.79B	26.18B	27.36B	26.55B	23.53B	24.61B	25.53B	27.20B	30.32B	29.60B	29.47B	30.78B	30.12B
Common Equity																												77.12B				74.89B				77.88B				82.19B				59.27B				57.16B				67.82B				59.42B				46.75B				44.13B
Shareholder's Equity	0.00B	0.00B	0.00B	57.46B	0.00B	0.00B	0.00B	69.77B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	69.26B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	77.12B	0.00B	0.00B	75.07B	74.89B	67.65B	69.98B	72.37B	77.88B	71.21B	76.90B	78.02B	82.19B	47.31B	51.50B	52.60B	59.27B	50.98B	53.88B	54.55B	57.16B	50.59B	54.13B	56.94B	67.82B	61.70B	63.01B	60.90B	59.42B	52.14B	51.93B	38.24B	46.75B	39.76B	41.90B	43.44B	44.13B	38.45B	42.05B	44.75B
Liabilities and Shareholders Equity	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.13B	131.56B	132.45B	131.44B	134.01B	130.12B	131.99B	133.75B	134.97B	133.08B	135.52B	142.06B	142.99B	145.56B	137.95B	116.29B	115.97B	118.37B	123.10B	123.76B	129.68B	127.78B	121.75B	124.02B	121.21B	131.79B	125.22B	122.91B	118.46B	117.45B	112.24B	110.98B	112.70B	99.94B	94.33B	97.50B	103.52B	102.25B	99.94B	104.39B	107.29B
Treasury Shares				-0.46B				-0.31B				-3.63B				-0.51B				-2.93B				-6.92B				-6.07B				-1.11B	-1.29B		-4.56B	-5.49B	-0.17B	-0.77B	-1.79B	-2.04B	-0.22B	-2.59B	-5.53B	-5.53B	-0.14B	-0.15B	-1.07B	-2.84B	-1.92B	-2.62B	-2.91B	-3.06B	-2.54B	-5.26B	-7.97B	-10.65B	-2.89B
Retained Earnings				56.56B				62.36B				64.95B				68.23B				73.43B				69.87B				76.16B				73.94B				73.30B	70.22B	75.93B	77.06B	77.74B	46.35B	50.56B	51.67B	54.62B	50.03B	52.94B	53.62B	55.74B	49.67B	53.19B	55.92B	66.80B	60.70B	62.09B	60.00B	58.54B	51.25B	51.06B	37.37B	45.88B	38.90B	40.97B	42.56B	43.31B	37.62B	41.25B	43.61B

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Novartis Ag Balance Sheet (2009-2025) | NVS

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