Supplemental Balance Sheet Information (Tables)

12 Months Ended

Dec. 31, 2023

Supplemental Balance Sheet Information [Abstract]

Trade accounts receivable, net

Components of selected captions in our accompanying consolidated balance sheets are as follows:

Trade accounts receivable, net

	As of December 31,
(in millions)	2023		2022
Trade accounts receivable	$	2,338	$	2,079
Allowance for credit losses	(110)		(109)
	$	2,228	$	1,970

The following is a rollforward of our Allowance for credit losses:

	Year Ended December 31,
(in millions)	2023		2022		2021
Beginning balance	$	109	$	108	$	105
Credit loss expense	50		35		28
Write-offs	(48)		(35)		(25)
Ending balance	$	110	$	109	$	108

Schedule of Inventory, Current

Inventories

	As of December 31,
(in millions)	2023		2022
Finished goods	$	1,537	$	1,171
Work-in-process	174		147
Raw materials	773		548
	$	2,484	$	1,867

Schedule of Other Current Assets

Other current assets

	As of December 31,
(in millions)	2023		2022
Restricted cash and restricted cash equivalents	$	130	$	149
Derivative assets	159		232
Licensing arrangements	47		60
Other	285		290
	$	621	$	731

Property, plant and equipment, net

Property, plant and equipment, net

	As of December 31,
(in millions)	2023		2022
Land	$	140	$	137
Buildings and improvements	1,843		1,695
Equipment, furniture and fixtures	3,503		3,297
Capital in progress	857		598
	6,343		5,728
Less: accumulated depreciation	3,484		3,282
	$	2,859	$	2,446

Schedule of Other Assets

Other long-term assets

	As of December 31,
(in millions)	2023		2022
Restricted cash equivalents	$	60	$	48
Operating lease right-of-use assets	439		386
Derivative assets	107		149
Investments	413		407
Licensing arrangements	30		67
Indemnification asset	176		172
Other	306		271
	$	1,531	$	1,500

Schedule of Accrued Liabilities

Accrued expenses

	As of December 31,
(in millions)	2023		2022
Legal reserves	$	206	$	231
Payroll and related liabilities	1,051		830
Rebates	389		352
Contingent consideration	304		74
Other	696		674
	$	2,646	$	2,160

Other Current Liabilities

Other current liabilities

	As of December 31,
(in millions)	2023		2022
Deferred revenue	$	266	$	220
Licensing arrangements	49		79
Taxes payable	220		232
Other	278		230
	$	814	$	761

Other long-term liabilities

Other long-term liabilities

	As of December 31,
(in millions)	2023		2022
Accrued income taxes	$	470	$	597
Legal reserves	172		212
Contingent consideration	100		75
Licensing arrangements	41		80
Operating lease liabilities	390		347
Deferred revenue	311		289
Other	484		434
	$	1,967	$	2,035