BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Cash, Cash Equivalent, and Investment

The following table provides a summary of cash, cash equivalents, restricted cash and restricted cash equivalents that constitute the total amounts shown in our consolidated statements of cash flows (in millions):

December 31,	2025		2024		2023
Cash and cash equivalents	$	10,270	$	10,828	$	9,366
Restricted cash and restricted cash equivalents1,2	740		660		326
Cash, cash equivalents, restricted cash and restricted cash equivalents	$	11,010	$	11,488	$	9,692

1Amounts include cash and cash equivalents in our solvency capital portfolio, which are included in the line item other noncurrent assets in our consolidated balance sheets. Refer to Note 4.

2Amounts include cash and cash equivalents related to assets held for sale. Refer to Note 2.

Inventories

Inventories consisted of the following (in millions):

December 31,	2025		2024
Raw materials and packaging	$	2,708	$	2,794
Finished goods	1,375		1,524
Other	342		410
Total inventories	$	4,425	$	4,728

Property, Plant and Equipment

The following table summarizes our property, plant and equipment (in millions):

December 31,	2025		2024
Land	$	265	$	226
Buildings and improvements	4,967		5,143
Machinery and equipment	13,500		14,504
Property, plant and equipment — cost	18,732		19,873
Less: Accumulated depreciation	9,119		9,570
Property, plant and equipment — net	$	9,613	$	10,303