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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Mar. 31, 2020
Current assets:      
Cash and cash equivalents $ 742 $ 563 $ 891
Trade receivables, net of allowance of $32 million, $33 million, and $30 million at March 31, 2021, December 31, 2020 and March 31, 2020 714 623 767
Inventories 827 841 1,047
Prepaid expenses and other current assets 203 270 257
Total current assets 2,486 2,297 2,962
Property, plant and equipment, net 2,791 2,907 2,987
Goodwill 1,880 1,951 1,773
Intangibles, net 310 325 312
Other assets 1,358 1,402 1,470
Total assets 8,825 8,882 9,504
Current liabilities:      
Accounts payable 998 1,126 1,025
Short-term loans and long-term debt due within one year 180 197 283
Other liabilities 524 575 516
Total current liabilities 1,702 1,898 1,824
Long-term debt 5,168 4,945 6,115
Paddock support agreement liability 625 471 471
Other long-term liabilities 1,068 1,167 1,018
Share owners' equity 262 401 76
Total liabilities and share owners' equity $ 8,825 $ 8,882 $ 9,504