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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 460 $ 638
Accounts receivable, net of allowances of $10 (2022) and $12 (2021) 804 833
Other receivables 224 195
Inventories 1,340 1,373
Prepaid expenses and other 326 237
Total current assets 3,154 3,276
Noncurrent Assets    
Goodwill 5,716 6,172
Other intangibles, net 4,766 5,587
Other noncurrent assets 376 387
Property and equipment, net of accumulated depreciation of $696 (2022) and $1,041 (2021) 936 1,061
Total assets 14,948 16,483
Current Liabilities    
Accounts payable 350 418
Employee compensation 136 185
Sales rebates and discounts 298 316
Current portion of long-term debt 394 294
Other current liabilities 435 430
Total current liabilities 1,613 1,643
Noncurrent Liabilities    
Long-term debt 5,507 6,025
Accrued retirement benefits 240 271
Deferred taxes 618 745
Other noncurrent liabilities 225 261
Total liabilities 8,203 8,945
Commitments and Contingencies
Equity    
Preferred stock, no par value, 1,000,000,000 shares authorized; none issued 0 0
Common stock, no par value, 5,000,000,000 shares authorized, 474,124,115 and 473,119,786 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 0 0
Additional paid-in capital 8,724 8,696
Accumulated deficit (972) (949)
Accumulated other comprehensive loss (1,007) (209)
Total equity 6,745 7,538
Total liabilities and equity $ 14,948 $ 16,483