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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents [1] $ 1,951 $ 1,934
Restricted cash 1 2
Accounts receivable, less allowance for doubtful accounts of $21 in 2020 and $21 in 2019 965 1,086
Inventories 1,481 1,410
Other current assets 375 318
Total current assets 4,772 4,748
Property, plant and equipment, less accumulated depreciation of $1,769 in 2020 and $1,737 in 2019 1,977 1,940
Operating lease right of use assets 182 189
Goodwill 2,583 2,592
Identifiable intangible assets, less accumulated amortization 1,821 1,890
Noncurrent deferred tax assets 88 88
Other noncurrent assets 105 98
Total assets 11,528 11,545
Liabilities and Equity    
Current portion of long-term debt 500 500
Accounts payable 265 301
Dividends payable 95 95
Accrued expenses 476 543
Accrued compensation and related items 212 276
Income taxes payable 123 36
Other current liabilities 50 55
Total current liabilities 1,721 1,806
Long-term debt, net of discount and issuance costs 5,963 5,947
Noncurrent deferred tax liabilities 421 434
Operating lease liabilities 159 164
Other taxes payable 260 257
Other noncurrent liabilities 251 229
Total liabilities 8,775 8,837
Commitments and Contingencies
Stockholders' equity:    
Common stock, $0.01 par value: 6,000,000,000 authorized; 501,891,243 and 501,891,243 shares issued; 474,865,353 and 475,582,210 shares outstanding at March 31, 2020, and December 31, 2019, respectively 5 5
Treasury stock, at cost, 27,025,890 and 26,363,033 shares of common stock at March 31, 2020, and December 31, 2019, respectively (2,252) (2,042)
Additional paid-in capital 1,017 1,044
Retained earnings 4,764 4,427
Accumulated other comprehensive loss (781) (726)
Total equity 2,753 2,708
Total liabilities and equity $ 11,528 $ 11,545
[1] As of March 31, 2020, and December 31, 2019, includes $1 million and $2 million, respectively, of restricted cash.