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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
$ in Millions
Jul. 03, 2022
USD ($)
shares
Dec. 31, 2021
USD ($)
shares
Current assets:    
Cash and cash equivalents $ 3,545 $ 2,830
Accounts receivable, net 996 923
Inventories, net 1,462 1,189
Other current assets 317 286
Total current assets 6,320 5,228
Non-current assets:    
Other non-current assets 1,848 1,346
Property, plant and equipment, net of accumulated depreciation of $4,931 and $4,676 2,914 2,635
Identified intangible assets, net of accumulated amortization of $3,111 and $3,021 1,527 1,694
Goodwill 9,930 9,961
Total non-current assets 16,219 15,636
Total assets 22,539 20,864
Current liabilities:    
Accounts payable 1,462 1,252
Restructuring liabilities-current 12 25
Other current liabilities 1,467 1,175
Total current liabilities 2,941 2,452
Non-current liabilities:    
Long-term debt 11,160 10,572
Restructuring liabilities 12 12
Deferred tax liabilities 41 57
Other non-current liabilities 1,159 1,001
Total non-current liabilities 12,372 11,642
Total liabilities 15,313 14,094
Equity:    
Non-controlling interests 264 242
Stockholders’ equity:    
Common stock, par value €0.20 per share: 56 56
Capital in excess of par value $ 13,904 $ 13,727
Treasury shares (in shares) | shares 11,924,962 9,569,359
Treasury shares, at cost : 36,518,520 shares (2019: 34,082,242 shares) $ (2,424) $ (1,932)
Accumulated other comprehensive income (loss) (52) 48
Accumulated deficit (4,522) (5,371)
Total stockholders’ equity 6,962 6,528
Total equity 7,226 6,770
Total liabilities and equity $ 22,539 $ 20,864