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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Sep. 30, 2021
Current assets:      
Cash and cash equivalents $ 523 $ 725 $ 628
Trade receivables, net of allowance of $28 million, $28 million, and $31 million at September 30, 2022, December 31, 2021 and September 30, 2021 892 692 793
Inventories 792 816 808
Prepaid expenses and other current assets 223 237 213
Assets held for sale   49  
Total current assets 2,430 2,519 2,442
Property, plant and equipment, net 2,698 2,817 2,785
Goodwill 1,730 1,840 1,879
Intangibles, net 264 286 294
Other assets 1,522 1,370 1,366
Total assets 8,644 8,832 8,766
Current liabilities:      
Accounts payable 1,171 1,210 1,062
Short-term loans and long-term debt due within one year 331 72 79
Other liabilities 594 551 597
Liabilities held for sale   13  
Total current liabilities 2,096 1,846 1,738
Long-term debt 4,280 4,753 4,853
Paddock support agreement liability   625 625
Other long-term liabilities 817 781 980
Share owners' equity 1,451 827 570
Total liabilities and share owners' equity $ 8,644 $ 8,832 $ 8,766