Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 2,552	$ 858
Restricted cash	26	30
Short-term investments	651	196
Accounts receivable:
Trade, net	2,454	2,981
Related parties	134	121
Inventories	3,768	4,588
Prepaid expenses and other current assets	892	736
Total current assets	10,477	9,510
Operating lease assets	1,425	1,468
Property, plant and equipment, at cost	22,019	21,260
Less: Accumulated depreciation	(7,493)	(7,130)
Property, plant and equipment, net	14,526	14,130
Investments and long-term receivables:
Investment in PO joint ventures	523	504
Equity investments	1,559	1,602
Other investments and long-term receivables	23	22
Goodwill	1,830	1,891
Intangible assets, net	756	869
Other assets	422	439
Total assets	31,541	30,435
Current liabilities:
Current maturities of long-term debt	3	3
Short-term debt	659	445
Accounts payable:
Trade	1,790	2,516
Related parties	404	412
Accrued liabilities	1,579	1,822
Total current liabilities	4,435	5,198
Long-term debt	13,674	11,614
Operating lease liabilities	1,160	1,216
Other liabilities	2,968	2,213
Deferred income taxes	1,811	2,015
Commitments and contingencies
Redeemable non-controlling interests	116	116
Shareholders’ equity:
Ordinary shares, €0.04 par value, 1,275 million shares authorized, 333,829,804 and 333,476,883 shares outstanding, respectively	19	19
Additional paid-in capital	5,958	5,954
Retained earnings	4,188	4,435
Accumulated other comprehensive loss	(2,259)	(1,784)
Treasury stock, at cost, 6,215,824 and 6,568,745 ordinary shares, respectively	(548)	(580)
Total Company share of shareholders’ equity	7,358	8,044
Non-controlling interests	19	19
Total equity	7,377	8,063
Total liabilities, redeemable non-controlling interests and equity	$ 31,541	$ 30,435