XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 875 $ 909
Short-term investments 0 1
Trade accounts receivable, net of allowance for doubtful accounts of $6 and $11 at December 31, 2023 and 2022, respectively 603 720
Inventories 991 977
Other current assets 227 187
Total current assets 2,696 2,794
Property, plant and equipment, net 784 800
Right-of-use assets 225 234
Goodwill 2,554 4,308
Intangible assets, net 2,619 3,173
Other assets 240 186
Total assets 9,118 11,495
Current liabilities:    
Short-term debt 93 93
Accounts payable 327 426
Other current liabilities 428 433
Total current liabilities 848 952
Long-term debt, net 4,696 4,834
Non-current deferred taxes 640 783
Non-current accrued compensation 151 138
Non-current lease liability 205 215
Other non-current liabilities 106 90
Total liabilities 6,646 7,012
Commitments and contingencies (Note 24)
Stockholders’ equity:    
Preferred stock, $0.01 par value, 2 shares authorized; none issued and outstanding
Common stock, no par value, 200 shares authorized; 66.9 and 66.6 shares issued and outstanding at December 31, 2023 and 2022, respectively 0 0
Additional paid-in capital 2,195 2,142
Retained earnings 373 2,272
Accumulated other comprehensive (loss) income (96) 69
Total stockholders’ equity 2,472 4,483
Total liabilities and stockholders' equity $ 9,118 $ 11,495