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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 29, 2019
Sep. 28, 2018
Current assets:    
Cash and cash equivalents $ 565 $ 848
Accounts receivable, net of allowance for doubtful accounts of $24 and $22, respectively 2,463 2,361
Inventories 1,970 1,857
Prepaid expenses and other current assets 448 661
Assets held for sale   472
Total current assets 5,446 6,199
Property, plant, and equipment, net 3,596 3,497
Goodwill 5,626 5,684
Intangible assets, net 1,596 1,704
Deferred income taxes 2,607 2,144
Other assets 391 1,158
Total assets 19,262 20,386
Current liabilities:    
Short-term debt 612 963
Accounts payable 1,485 1,548
Accrued and other current liabilities 1,770 1,711
Liabilities held for sale   188
Total current liabilities 3,867 4,410
Long-term debt 3,370 3,037
Long-term pension and postretirement liabilities 1,081 1,102
Deferred income taxes 196 207
Income taxes 333 312
Other liabilities 421 487
Total liabilities 9,268 9,555
Commitments and contingencies (Note 8)
Shareholders’ equity:    
Common shares, CHF 0.57 par value, 357,069,981 shares authorized and issued 157 157
Accumulated earnings 11,710 12,114
Treasury shares, at cost, 19,761,517 and 12,279,603 shares, respectively (1,713) (1,134)
Accumulated other comprehensive loss (160) (306)
Total shareholders’ equity 9,994 10,831
Total liabilities and shareholders’ equity $ 19,262 $ 20,386