Note 20. SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) Year Ended December 31, 2020 Dollars in Millions, except per share data First Quarter Second Quarter Third Quarter Fourth Quarter Year Total Revenues $ 10,781  $ 10,129  $ 10,540  $ 11,068  $ 42,518  Gross Margin 7,119  7,430  8,038  8,158  30,745  Net (Loss)/Earnings (766) (80) 1,878  (10,027) (8,995) Net (Loss)/Earnings Attributable to: Noncontrolling Interest 9  5  6  —  20  BMS (775) (85) 1,872  (10,027) (9,015) (Loss)/Earnings per Common Share - Basic $ (0.34) $ (0.04) $ 0.83  $ (4.45) $ (3.99) (Loss)/Earnings per Common Share - Diluted (0.34) (0.04) 0.82  (4.45) (3.99) Cash dividends declared per common share $ 0.45  $ 0.45  $ 0.45  $ 0.49  $ 1.84  Cash and cash equivalents $ 15,817  $ 19,934  $ 19,435  $ 14,546  $ 14,546  Marketable debt securities 3,156  2,247  2,215  1,718  1,718  Total Assets 129,285  128,076  125,536  118,481  118,481  Long-term debt 46,105  46,106  44,614  50,336  50,336  Equity 49,977  49,160  50,230  37,882  37,882  (a) (a) (b) (c) Year Ended December 31, 2019 Dollars in Millions, except per share data First Quarter Second Quarter Third Quarter Fourth Quarter Year Total Revenues $ 5,920  $ 6,273  $ 6,007  $ 7,945  $ 26,145  Gross Margin 4,096  4,301  4,217  5,453  18,067  Net Earnings/(Loss) 1,715  1,439  1,366  (1,060) 3,460  Net Earnings/(Loss) Attributable to: Noncontrolling Interest 5  7  13  (4) 21  BMS 1,710  1,432  1,353  (1,056) 3,439  Earnings/(Loss) per Common Share - Basic $ 1.05  $ 0.88  $ 0.83  $ (0.55) $ 2.02  Earnings/(Loss) per Common Share - Diluted 1.04  0.87  0.83  (0.55) 2.01  Cash dividends declared per common share $ 0.41  $ 0.41  $ 0.41  $ 0.45  $ 1.68  Cash and cash equivalents $ 7,335  $ 28,404  $ 30,489  $ 12,346  $ 12,346  Marketable debt securities 2,662  1,947  2,978  3,814  3,814  Total Assets 34,834  55,163  57,433  129,944  129,944  Long-term debt 5,635  24,433  24,390  46,150  46,150  Equity 15,317  16,151  17,754  51,698  51,698  (d) (d) (a) (a) (b) (c) (a) Earnings per share for the quarters may not add to the amounts for the year, as each period is computed on a discrete basis. (b) Marketable debt securities includes current and non-current assets. (c) Long-term debt includes the current portion. (d) Commencing on November 20, 2019, Celgene’s operations are included in our consolidated financial statements. Refer to “—Note 4. Acquisitions, Divestitures, Licensing and Other Arrangements” for additional information. 120