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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 27, 2019
Sep. 28, 2018
Current assets:    
Cash and cash equivalents $ 927 $ 848
Accounts receivable, net of allowance for doubtful accounts of $25 and $22, respectively 2,320 2,361
Inventories 1,836 1,857
Prepaid expenses and other current assets 471 661
Assets held for sale   472
Total current assets 5,554 6,199
Property, plant, and equipment, net 3,574 3,497
Goodwill 5,740 5,684
Intangible assets, net 1,596 1,704
Deferred income taxes 2,776 2,144
Other assets 454 1,158
Total assets 19,694 20,386
Current liabilities:    
Short-term debt 570 963
Accounts payable 1,357 1,548
Accrued and other current liabilities 1,613 1,711
Liabilities held for sale   188
Total current liabilities 3,540 4,410
Long-term debt 3,395 3,037
Long-term pension and postretirement liabilities 1,367 1,102
Deferred income taxes 156 207
Income taxes 239 312
Other liabilities 427 487
Total liabilities 9,124 9,555
Commitments and contingencies (Note 12)
Shareholders' equity:    
Common shares, CHF 0.57 par value, 350,951,381 shares authorized and issued, and 357,069,981 shares authorized and issued, respectively 154 157
Accumulated earnings 12,256 12,114
Treasury shares, at cost, 15,862,337 and 12,279,603 shares, respectively (1,337) (1,134)
Accumulated other comprehensive loss (503) (306)
Total shareholders' equity 10,570 10,831
Total liabilities and shareholders' equity $ 19,694 $ 20,386