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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents [1] $ 3,604 $ 1,934
Accounts receivable, less allowance for doubtful accounts of $20 in 2020 and $21 in 2019 1,013 1,086
Inventories 1,628 1,410
Other current assets 366 318
Total current assets 6,611 4,748
Property, plant and equipment, less accumulated depreciation of $1,952 in 2020 and $1,737 in 2019 2,202 1,940
Operating Lease, Right-of-Use Asset 192 189
Goodwill 2,694 2,592
Identifiable intangible assets, less accumulated amortization 1,710 1,890
Noncurrent deferred tax assets 94 88
Other noncurrent assets 106 98
Total assets 13,609 11,545
Liabilities and Equity    
Short-term borrowings 4 0
Current portion of long term debt 600 500
Accounts payable 457 301
Dividends payable 119 95
Accrued expenses 556 543
Accrued compensation and related items 295 276
Income taxes payable 46 36
Other current liabilities 93 55
Total current liabilities 2,170 1,806
Long-term debt, net of discount and issuance costs 6,595 5,947
Noncurrent deferred tax liabilities 378 434
Operating Lease, Liability, Noncurrent 163 164
Other taxes payable 260 257
Other noncurrent liabilities 270 229
Total liabilities 9,836 8,837
Common stock, $0.01 par value: 6,000,000,000 authorized, 501,891,243 and 501,891,243 shares issued; 475,317,751 and 475,528,210 shares outstanding at December 31, 2020 and 2019, respectively 5 5
Treasury stock, at cost, 26,573,492 and 26,363,033 shares of common stock at December 31, 2020 and 2019, respectively (2,230) (2,042)
Additional paid-in capital 1,065 1,044
Retained earnings 5,659 4,427
Accumulated other comprehensive loss (730) (726)
Stockholders' Equity Attributable to Parent 3,769 2,708
Stockholders' Equity Attributable to Noncontrolling Interest 4 0
Total equity 3,773 2,708
Total liabilities and equity 13,609 11,545
Restricted cash $ 2 $ 2
[1] As of December 31, 2020 and 2019, includes $2 million of restricted cash.