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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents [1] $ 1,728 $ 1,602
Restricted cash 3 5
Short term investments 65 99
Accounts receivable, less allowance for doubtful accounts of $24 in 2019 and $24 in 2018 970 1,036
Inventories 1,361 1,391
Other current assets 255 271
Total current assets 4,379 4,399
Property, plant and equipment, less accumulated depreciation of $1,642 in 2019 and $1,599 in 2018 1,683 1,658
Operating lease right of use assets 158  
Goodwill 2,522 2,519
Identifiable intangible assets, less accumulated amortization 1,989 2,046
Noncurrent deferred tax assets 65 61
Other noncurrent assets 87 94
Total assets 10,883 10,777
Liabilities and Equity    
Short-term borrowings 0 9
Accounts payable 235 313
Dividends payable 79 79
Accrued expenses 448 487
Accrued compensation and related items 200 266
Income taxes payable 65 35
Other current liabilities 55 34
Total current liabilities 1,082 1,223
Long-term debt, net of discount and issuance costs 6,444 6,443
Noncurrent deferred tax liabilities 464 474
Operating lease liabilities 134  
Other taxes payable 261 265
Other noncurrent liabilities 181 187
Total liabilities 8,566 8,592
Commitments and Contingencies
Stockholders' equity:    
Preferred stock, $0.01 par value: 1,000,000,000 authorized, none issued 0 0
Common stock, $0.01 par value: 6,000,000,000 authorized; 501,891,243 and 501,891,243 shares issued; 479,026,001 and 479,562,326 shares outstanding at March 31, 2019, and December 31, 2018, respectively 5 5
Treasury stock, at cost, 22,865,242 and 22,328,917 shares of common stock at March 31, 2019, and December 31, 2018, respectively (1,593) (1,487)
Additional paid-in capital 1,008 1,026
Retained earnings 3,495 3,270
Accumulated other comprehensive loss (598) (629)
Total equity 2,317 2,185
Total liabilities and equity $ 10,883 $ 10,777
[1] As of March 31, 2019, and December 31, 2018, includes $3 million and $5 million, respectively, of restricted cash.