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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 377 $ 502
Accounts receivable, net of allowances of $58 and $52, respectively 2,500 2,596
Other current assets 465 590
Total current assets 3,342 3,688
Property and equipment, net of $2,054 and $1,585 in accumulated depreciation, respectively 2,704 2,605
Operating lease assets 2,245  
Goodwill 4,450 4,467
Identifiable intangible assets, net of $850 and $706 in accumulated amortization, respectively 1,092 1,253
Other long-term assets 295 257
Total long-term assets 10,786 8,582
Total assets 14,128 12,270
Current liabilities:    
Accounts payable 1,157 1,258
Accrued expenses 1,414 1,480
Short-term borrowings and current maturities of long-term debt 84 367
Short-term operating lease liabilities 468  
Other current liabilities 135 208
Total current liabilities 3,258 3,313
Long-term debt 5,182 3,902
Deferred tax liability 495 444
Employee benefit obligations 157 153
Long-term operating lease liabilities 1,776  
Other long-term liabilities 364 488
Total long-term liabilities 7,974 4,987
Stockholders’ equity:    
Convertible perpetual preferred stock, $0.001 par value; 10 shares authorized; 0.07 of Series A shares issued and outstanding as of December 31, 2019 and 2018, respectively 41 41
Common stock, $0.001 par value; 300 shares authorized; 92 and 116 shares issued and outstanding as of December 31, 2019 and 2018, respectively 0 0
Additional paid-in capital 2,061 3,311
Retained earnings 786 377
Accumulated other comprehensive loss (145) (154)
Total stockholders’ equity before noncontrolling interests 2,743 3,575
Noncontrolling interests 153 395
Total equity 2,896 3,970
Total liabilities and equity $ 14,128 $ 12,270