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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Mar. 31, 2022
Current assets:      
Cash and cash equivalents $ 480 $ 773 $ 519
Trade receivables, net of allowance of $32 million, $28 million, and $30 million at March 31, 2023, December 31, 2022 and March 31, 2022 997 760 900
Inventories 1,019 848 837
Prepaid expenses and other current assets 256 222 234
Total current assets 2,752 2,603 2,490
Property, plant and equipment, net 3,062 2,962 2,833
Goodwill 1,867 1,813 1,863
Intangibles, net 267 262 283
Other assets 1,477 1,421 1,408
Total assets 9,425 9,061 8,877
Current liabilities:      
Accounts payable 1,304 1,355 1,169
Short-term loans and long-term debt due within one year 345 345 67
Other liabilities 606 657 514
Total current liabilities 2,255 2,357 1,750
Long-term debt 4,422 4,371 4,621
Paddock support agreement liability     625
Other long-term liabilities 861 805 779
Share owners' equity 1,887 1,528 1,102
Total liabilities and share owners' equity $ 9,425 $ 9,061 $ 8,877