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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Mar. 31, 2021
Current assets:      
Cash and cash equivalents $ 519 $ 725 $ 742
Trade receivables, net of allowance of $30 million, $28 million, and $32 million at March 31, 2022, December 31, 2021 and March 31, 2021 900 692 714
Inventories 837 816 827
Prepaid expenses and other current assets 234 237 203
Assets held for sale   49  
Total current assets 2,490 2,519 2,486
Property, plant and equipment, net 2,833 2,817 2,791
Goodwill 1,863 1,840 1,880
Intangibles, net 283 286 310
Other assets 1,408 1,370 1,358
Total assets 8,877 8,832 8,825
Current liabilities:      
Accounts payable 1,169 1,210 998
Short-term loans and long-term debt due within one year 67 72 180
Other liabilities 514 551 524
Liabilities held for sale   13  
Total current liabilities 1,750 1,846 1,702
Long-term debt 4,621 4,753 5,168
Paddock support agreement liability 625 625 625
Other long-term liabilities 779 781 1,068
Share owners' equity 1,102 827 262
Total liabilities and share owners' equity $ 8,877 $ 8,832 $ 8,825