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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents [1] $ 1,934 $ 1,602
Short-term Investments 0 99
Accounts receivable, less allowance for doubtful accounts of $21 in 2019 and $24 in 2018 1,086 1,036
Inventories 1,410 1,391
Other current assets 318 271
Total current assets 4,748 4,399
Property, plant and equipment, less accumulated depreciation of $1,742 in 2019 and $1,599 in 2018 1,940 1,658
Operating Lease, Right-of-Use Asset 189 0
Goodwill 2,592 2,519
Identifiable intangible assets, less accumulated amortization 1,890 2,046
Noncurrent deferred tax assets 88 61
Other noncurrent assets 98 94
Total assets 11,545 10,777
Liabilities and Equity    
Short-term borrowings 0 9
Long-term Debt, Current Maturities 500 0
Accounts payable 301 313
Dividends payable 95 79
Accrued expenses 543 487
Accrued compensation and related items 276 266
Income taxes payable 36 35
Other current liabilities 55 34
Total current liabilities 1,806 1,223
Long-term debt, net of discount and issuance costs 5,947 6,443
Noncurrent deferred tax liabilities 434 474
Operating Lease, Liability, Noncurrent 164 0
Other taxes payable 257 265
Other noncurrent liabilities 229 187
Total liabilities 8,837 8,592
Common stock, $0.01 par value: 6,000,000,000 authorized, 501,891,243 and 501,891,243 shares issued; 475,528,210 and 479,562,326 shares outstanding at December 31, 2019 and 2018, respectively 5 5
Treasury stock, at cost, 26,363,033 and 22,328,917 shares of common stock at December 31, 2019 and 2018, respectively (2,042) (1,487)
Additional paid-in capital 1,044 1,026
Retained earnings 4,427 3,270
Accumulated other comprehensive loss (726) (629)
Total equity 2,708 2,185
Total liabilities and equity 11,545 10,777
Restricted cash $ 2 $ 5
[1]
As of December 31, 2019 and December 31, 2018, includes $2 million and $5 million, respectively, of restricted cash.