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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents [1] $ 3,485 $ 3,604
Accounts receivable, less allowance for doubtful accounts of $17 in 2021 and $20 in 2020 1,133 1,013
Inventories 1,923 1,628
Other current assets 389 366
Total current assets 6,930 6,611
Property, plant and equipment, less accumulated depreciation of $2,072 in 2021 and $1,952 in 2020 2,422 2,202
Operating lease right of use assets 181 192
Goodwill 2,682 2,694
Identifiable intangible assets, less accumulated amortization 1,474 1,710
Noncurrent deferred tax assets 100 94
Other noncurrent assets 111 106
Total assets 13,900 13,609
Liabilities and Equity    
Short-term borrowings 0 4
Current portion of long-term debt 0 600
Accounts payable 436 457
Dividends payable 154 119
Accrued expenses 710 556
Accrued compensation and related items 392 295
Income taxes payable 38 46
Other current liabilities 67 93
Total current liabilities 1,797 2,170
Long-term debt, net of discount and issuance costs 6,592 6,595
Noncurrent deferred tax liabilities 320 378
Operating lease liabilities 151 163
Other taxes payable 257 260
Other noncurrent liabilities 239 270
Total liabilities 9,356 9,836
Common stock, $0.01 par value: 6,000,000,000 authorized, 501,891,243 and 501,891,243 shares issued; 472,574,090 and 475,317,751 shares outstanding at December 31, 2021 and 2020, respectively 5 5
Treasury stock, at cost, 29,317,153 and 26,573,492 shares of common stock at December 31, 2021 and 2020, respectively (2,952) (2,230)
Additional paid-in capital 1,068 1,065
Retained earnings 7,186 5,659
Accumulated other comprehensive loss (764) (730)
Stockholders' Equity Attributable to Parent 4,543 3,769
Stockholders' Equity Attributable to Noncontrolling Interest 1 4
Total equity 4,544 3,773
Total liabilities and equity $ 13,900 $ 13,609
[1] As of December 31, 2021 and 2020, includes $3 million and $2 million, respectively, of restricted cash.