XML 8 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 850 $ 875
Short-term investments 1 0
Accounts receivable, net of allowance for doubtful accounts of $7 and $6 at June 30, 2024 and December 31, 2023, respectively 597 603
Inventories 938 991
Other current assets 262 227
Total current assets 2,648 2,696
Property, plant and equipment, net 759 784
Right-of-use assets, net 229 225
Goodwill 2,495 2,554
Intangible assets, net 2,418 2,619
Other assets 314 240
Total assets 8,863 9,118
Current liabilities:    
Short-term debt 50 93
Accounts payable 291 327
Other current liabilities 399 428
Total current liabilities 740 848
Long-term debt, net 4,832 4,696
Non-current deferred taxes 588 640
Non-current accrued compensation 144 151
Non-current lease liabilities 202 205
Other non-current liabilities 124 106
Total liabilities 6,630 6,646
Commitments and contingencies (Note 17)
Stockholders’ equity:    
Preferred stock, $0.01 par value per share, 2 shares authorized; no shares issued and outstanding 0 0
Common stock, no par value, 200 shares authorized; 67.3 and 66.9 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 0 0
Additional paid-in capital 2,042 2,195
Retained earnings 381 373
Accumulated other comprehensive (loss) income (190) (96)
Total stockholders’ equity 2,233 2,472
Total liabilities and stockholders’ equity $ 8,863 $ 9,118