OTHER FINANCIAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 2021

Other Financial Information [Abstract]

Schedule of Accounts Receivable

The following table summarizes our Accounts receivable, net:

(in millions)	June 30, 2021		December 31, 2020
Accounts receivable	$	4,908	$	5,560
Less: chargebacks	625		552
Less: cash discounts and other	77		72
Less: allowances for credit losses	57		44
Accounts receivable, net	$	4,149	$	4,892

Schedule of Inventories

The following table summarizes our Inventories:

(in millions)	June 30, 2021		December 31, 2020
Raw materials	$	1,021	$	1,080
Work in process	924		976
Finished goods	1,043		958
Total	$	2,988	$	3,014
Reported as:
Inventories	$	1,772	$	1,683
Other long-term assets (1)	1,216		1,331
Total	$	2,988	$	3,014

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(1)	Amounts primarily consist of raw materials.

Schedule of Other Accrued Liabilities

The following table summarizes the components of Accrued and other current liabilities:

(in millions)	June 30, 2021		December 31, 2020
Compensation and employee benefits	$	586	$	864
Income taxes payable	439		598
Allowance for sales returns	532		587
Accrued and other current liabilities	2,498		2,287
Total	$	4,055	$	4,336