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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Sep. 30, 2020
Current assets:      
Cash and cash equivalents $ 628 $ 563 $ 606
Trade receivables, net of allowance of $31 million, $33 million, and $33 million at September 30, 2021, December 31, 2020 and September 30, 2020 793 623 724
Inventories 808 841 782
Prepaid expenses and other current assets 213 270 272
Total current assets 2,442 2,297 2,384
Property, plant and equipment, net 2,785 2,907 2,675
Goodwill 1,879 1,951 1,847
Intangibles, net 294 325 311
Other assets 1,366 1,402 1,407
Total assets 8,766 8,882 8,624
Current liabilities:      
Accounts payable 1,062 1,126 910
Short-term loans and long-term debt due within one year 79 197 212
Other liabilities 597 575 575
Total current liabilities 1,738 1,898 1,697
Long-term debt 4,853 4,945 5,163
Paddock support agreement liability 625 471 471
Other long-term liabilities 980 1,167 1,028
Share owners' equity 570 401 265
Total liabilities and share owners' equity $ 8,766 $ 8,882 $ 8,624