Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 1,875	$ 724
Receivables, less allowances for discounts, returns and credit losses of $46 and $35 in 2020 and 2019, respectively	923	1,036
Inventories	558	539
Prepaid and other current assets	167	151
Total current assets	3,523	2,450
Property, plant and equipment, net	657	658
Goodwill	2,854	2,839
Other intangible assets, net	1,093	1,174
Other non-current assets	623	589
Total assets	8,750	7,710
Current liabilities:
Accounts payable	569	597
Accrued and other current liabilities	787	628
Short-term borrowings and current maturities of long-term debt	600	276
Total current liabilities	1,956	1,501
Long-term debt, net	2,484	2,040
Accrued post-retirement benefits	519	445
Deferred income tax liabilities	242	310
Other non-current accrued liabilities	573	447
Total liabilities	5,774	4,743
Commitment and Contingencies (Note 20)
Common stock — par value $0.01 per share:
Authorized 750.0 shares, issued 194.9 and 193.9 shares in 2020 and 2019, respectively	2	2
Capital in excess of par value	2,037	1,991
Retained earnings	1,930	1,866
Treasury stock – at cost 14.5 shares and 13.7 shares in 2020 and 2019, respectively	(588)	(527)
Accumulated other comprehensive loss	(413)	(375)
Total stockholders’ equity	2,968	2,957
Non-controlling interest	8	10
Total equity	2,976	2,967
Total liabilities and stockholders’ equity	$ 8,750	$ 7,710