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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,127 $ 377
Accounts receivable, net of allowances of $63 and $58, respectively 2,415 2,500
Other current assets 464 465
Total current assets 4,006 3,342
Property and equipment, net of $2,138 and $2,054 in accumulated depreciation, respectively 2,632 2,704
Operating lease assets 2,143 2,245
Goodwill 4,395 4,450
Identifiable intangible assets, net of $825 and $850 in accumulated amortization, respectively 1,046 1,092
Other long-term assets 340 295
Total long-term assets 10,556 10,786
Total assets 14,562 14,128
Current liabilities:    
Accounts payable 1,057 1,157
Accrued expenses 1,446 1,414
Short-term borrowings and current maturities of long-term debt 260 84
Short-term operating lease liabilities 456 468
Other current liabilities 166 135
Total current liabilities 3,385 3,258
Long-term debt 5,766 5,182
Deferred tax liability 505 495
Employee benefit obligations 152 157
Long-term operating lease liabilities 1,689 1,776
Other long-term liabilities 337 364
Total long-term liabilities 8,449 7,974
Stockholders’ equity:    
Convertible perpetual preferred stock, $0.001 par value; 10 shares authorized; 0.07 of Series A shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 41 41
Common stock, $0.001 par value; 300 shares authorized; 91 and 92 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 0 0
Additional paid-in capital 1,943 2,061
Retained earnings 804 786
Accumulated other comprehensive loss (210) (145)
Total stockholders’ equity before noncontrolling interests 2,578 2,743
Noncontrolling interests 150 153
Total equity 2,728 2,896
Total liabilities and equity $ 14,562 $ 14,128