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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Jun. 30, 2022
Current assets:      
Cash and cash equivalents $ 754 $ 773 $ 661
Trade receivables, net of allowance of $34 million, $28 million, and $29 million at June 30, 2023, December 31, 2022 and June 30, 2022 984 760 957
Inventories 1,037 848 775
Prepaid expenses and other current assets 260 222 224
Total current assets 3,035 2,603 2,617
Property, plant and equipment, net 3,241 2,962 2,758
Goodwill 1,901 1,813 1,792
Intangibles, net 268 262 272
Other assets 1,466 1,421 1,434
Total assets 9,911 9,061 8,873
Current liabilities:      
Accounts payable 1,320 1,355 1,190
Short-term loans and long-term debt due within one year 242 345 65
Other liabilities 569 657 530
Total current liabilities 2,131 2,357 1,785
Long-term debt 4,778 4,371 4,427
Paddock support agreement liability     625
Other long-term liabilities 859 805 777
Share owners' equity 2,143 1,528 1,259
Total liabilities and share owners' equity $ 9,911 $ 9,061 $ 8,873