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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents [1] $ 1,987 $ 2,041
Accounts receivable, less allowance for doubtful accounts of $18 in 2024 and 2023 1,316 1,304
Inventories 2,306 2,564
Other current assets 377 434
Total current assets 5,986 6,343
Property, plant and equipment, less accumulated depreciation of $2,635 in 2024 and $2,594 in 2023 3,391 3,204
Operating lease right-of-use assets 219 230
Goodwill 2,724 2,759
Identifiable intangible assets, less accumulated amortization 1,127 1,338
Noncurrent deferred tax assets 540 206
Other noncurrent assets 250 206
Total assets 14,237 14,286
Liabilities and Equity    
Short-term borrowings 0 3
Current portion of long-term debt 1,350 0
Accounts payable 433 411
Dividends payable 224 198
Accrued expenses 746 683
Accrued compensation and related items 441 382
Income taxes payable 93 110
Other current liabilities 125 102
Total current liabilities 3,412 1,889
Long-term debt, net of discount and issuance costs 5,220 6,564
Noncurrent deferred tax liabilities 167 146
Operating lease liabilities 174 188
Other taxes payable 272 271
Other noncurrent liabilities 222 237
Total liabilities 9,467 9,295
Common stock, $0.01 par value: 6,000,000,000 authorized, 501,891,243 and 501,891,243 shares issued; 448,473,073 and 458,367,358 shares outstanding at December 31, 2024 and 2023, respectively 5 5
Treasury stock, at cost, 53,418,170 and 43,523,885 shares of common stock at December 31, 2024 and 2023, respectively (7,445) (5,597)
Additional paid-in capital 1,182 1,133
Retained earnings 11,968 10,295
Accumulated other comprehensive loss (940) (839)
Stockholders' Equity Attributable to Parent 4,770 4,997
Stockholders' Equity Attributable to Noncontrolling Interest 0 (6)
Total equity 4,770 4,991
Total liabilities and equity $ 14,237 $ 14,286
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized 6,000,000,000 6,000,000,000
[1] As of December 31, 2024 and 2023, includes $2 million, of restricted cash.