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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 909 $ 966
Short-term investments 1 76
Trade accounts receivable, net of allowance for doubtful accounts of $11 and $4 at December 31, 2022 and 2021, respectively 720 443
Inventories 977 577
Other current assets 187 85
Total current assets 2,794 2,147
Property, plant and equipment, net 800 326
Right-of-use assets 234 184
Goodwill 4,308 1,228
Intangible assets, net 3,173 576
Other assets 186 79
Total assets 11,495 4,540
Current liabilities:    
Short-term debt 93 9
Accounts payable 426 168
Accrued compensation 101 132
Income taxes payable 51 25
Lease liabilities 26 18
Deferred revenue and customer advances 94 37
Other current liabilities 161 71
Total current liabilities 952 460
Long-term debt, net 4,834 808
Non-current deferred taxes 783 99
Non-current accrued compensation 138 49
Non-current lease liability 215 193
Other non-current liabilities 90 44
Total liabilities 7,012 1,653
Commitments and contingencies (Note 22)
Stockholders’ equity:    
Preferred stock, $0.01 par value, 2 shares authorized; none issued and outstanding
Common stock, no par value, 200 shares authorized; 66.6 and 55.5 shares issued and outstanding at December 31, 2022 and 2021, respectively 0 0
Additional paid-in capital 2,142 907
Retained earnings 2,272 1,991
Accumulated other comprehensive income (loss) 69 (11)
Total stockholders’ equity 4,483 2,887
Total liabilities and stockholders' equity $ 11,495 $ 4,540