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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 2,459 $ 858
Restricted cash 25 30
Short-term investments 361 196
Accounts receivable:    
Trade, net 2,819 2,981
Related parties 155 121
Inventories 4,005 4,588
Prepaid expenses and other current assets 935 736
Total current assets 10,759 9,510
Operating lease assets 1,386 1,468
Property, plant and equipment, at cost 20,883 21,260
Less: Accumulated depreciation (6,750) (7,130)
Property, plant and equipment, net 14,133 14,130
Investments and long-term receivables:    
Investment in PO joint ventures 509 504
Equity investments 2,085 1,602
Other investments and long-term receivables 26 22
Goodwill 1,880 1,891
Intangible assets, net 752 869
Other assets 419 439
Total assets 31,949 30,435
Current liabilities:    
Current maturities of long-term debt 2 3
Short-term debt 616 445
Accounts payable:    
Trade 2,013 2,516
Related parties 466 412
Accrued liabilities 1,685 1,822
Total current liabilities 4,782 5,198
Long-term debt 13,759 11,614
Operating lease liabilities 1,122 1,216
Other liabilities 3,038 2,213
Deferred income taxes 1,809 2,015
Commitments and contingencies
Redeemable non-controlling interests 116 116
Shareholders’ equity:    
Ordinary shares, €0.04 par value, 1,275 million shares authorized, 333,918,359 and 333,476,883 shares outstanding, respectively 19 19
Additional paid-in capital 5,975 5,954
Retained earnings 3,940 4,435
Accumulated other comprehensive loss (2,088) (1,784)
Treasury stock, at cost, 6,127,269 and 6,568,745 ordinary shares, respectively (540) (580)
Total Company share of shareholders’ equity 7,306 8,044
Non-controlling interests 17 19
Total equity 7,323 8,063
Total liabilities, redeemable non-controlling interests and equity $ 31,949 $ 30,435