SUPPLEMENTAL FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SUPPLEMENTAL FINANCIAL INFORMATION

SUPPLEMENTAL FINANCIAL INFORMATION

Inventories

			As Restated
as of December 31 (in millions)	2019		2018
Raw materials	$	377	$	367
Work in process	185		207
Finished goods	1,091		1,093
Inventories	$	1,653	$	1,667

Prepaid Expenses and Other Current Assets

			As Restated
as of December 31 (in millions)	2019		2018
Prepaid value added taxes	$	140	$	131
Prepaid income taxes	90		79
Other	389		404
Prepaid expenses and other current assets	$	619	$	614

Property, Plant and Equipment, Net

			As Restated
as of December 31 (in millions)	2019		2018
Land	$	148	$	142
Buildings and leasehold improvements	1,761		1,703
Machinery and equipment	6,671		6,423
Equipment with customers	1,489		1,364
Construction in progress	591		701
Total property, plant and equipment, at cost	10,660		10,333
Accumulated depreciation	(6,148)		(5,803)
Property, plant and equipment (PP&E), net	$	4,512	$	4,530

Purchases of property, plant and equipment included in accounts payable and accrued liabilities as of December 31, 2019 and 2018 was $87 million and $97 million, respectively. Depreciation expense was $606 million in 2019, $602 million in 2018 and $596 million in 2017.

Other Non-Current Assets

			As Restated
as of December 31 (in millions)	2019		2018
Deferred tax assets	$	621	$	483
Non-current receivables, net	163		146
Contract assets	68		30
Investments	76		44
Other	141		116
Other non-current assets	$	1,069	$	819

Accounts Payable and Accrued Liabilities

			As Restated
as of December 31 (in millions)	2019		2018
Accounts payable	$	892	$	998
Common stock dividends payable	111		101
Employee compensation and withholdings	456		486
Property, payroll and certain other taxes	113		131
Restructuring reserves	83		90
Accrued rebates	208		193
Operating lease liabilities	101		—
Income taxes payable	85		104
Other	640		707
Accounts payable and accrued liabilities	$	2,689	$	2,810

Other Non-Current Liabilities

			As Restated
as of December 31 (in millions)	2019		2018
Pension and other postretirement benefits	$	1,260	$	1,087
Deferred tax liabilities	192		215
Long-term tax liabilities	81		77
Interest rate contracts	52		3
Litigation and environmental reserves	30		31
Restructuring reserves	9		11
Other	108		135
Other non-current liabilities	$	1,732	$	1,559

Interest Expense, net

years ended December 31 (in millions)	2019		2018		2017
Interest costs	$	120	$	105	$	98
Interest costs capitalized	(9)		(12)		(13)
Interest expense	111		93		85
Interest income	(40)		(48)		(30)
Interest expense, net	$	71	$	45	$	55

Other (Income) Expense, net

			As Restated
years ended December 31 (in millions)	2019		2018		2017
Foreign exchange losses (gains), net	$	37	$	(14)	$	63
Gain on sale of investments	(1)		(3)		(3)
Saudi Arabia joint venture gain	—		(24)		—
Venezuela deconsolidation	—		—		33
Pension settlement	755		1		2
Pension and other postretirement benefit plans	(53)		(49)		31
Other, net	(7)		11		7
Other (income) expense, net	$	731	$	(78)	$	133