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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Sep. 30, 2022
Current assets:      
Cash and cash equivalents $ 792 $ 773 $ 523
Trade receivables, net of allowance of $33 million, $28 million, and $28 million at September 30, 2023, December 31, 2022 and September 30, 2022 766 760 892
Inventories 1,098 848 792
Prepaid expenses and other current assets 243 222 223
Total current assets 2,899 2,603 2,430
Property, plant and equipment, net 3,255 2,962 2,698
Goodwill 1,860 1,813 1,730
Intangibles, net 257 262 264
Other assets 1,464 1,421 1,522
Total assets 9,735 9,061 8,644
Current liabilities:      
Accounts payable 1,250 1,355 1,171
Short-term loans and long-term debt due within one year 159 345 331
Other liabilities 661 657 594
Total current liabilities 2,070 2,357 2,096
Long-term debt 4,754 4,371 4,280
Other long-term liabilities 798 805 817
Share owners' equity 2,113 1,528 1,451
Total liabilities and share owners' equity $ 9,735 $ 9,061 $ 8,644