Let $R$ be a local ring. Let $\mathbb{P}^1_R=\rm{Proj}~R[x_0, x_1]$ be the Projective line over $R$.
Is there a classification of vector bundles of rank $n$ on $\mathbb{P}^1_R$ in terms of splitting into line bundles?
In the case $R$ is a field, this is the famous Grothendieck's classification of vector bundles on projective line in terms of the line bundles $\mathcal{O}(n)$ for $n\in\mathbb{Z}$.
In how much generality does the description of splitting of vector bundles on $\mathbb{P}^1_R$ extend?