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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 414 $ 865
Trade accounts receivable, net 2,558 2,228
Inventories 2,810 2,484
Prepaid income taxes 307 315
Other current assets 831 621
Total current assets 6,920 6,514
Property, plant and equipment, net 3,294 2,859
Goodwill 17,089 14,387
Other intangible assets, net 6,684 6,003
Deferred tax assets 3,655 3,841
Other long-term assets 1,754 1,531
TOTAL ASSETS 39,395 35,136
Current liabilities:    
Current debt obligations 1,778 531
Accounts payable 960 942
Accrued expenses 2,773 2,646
Other current liabilities 887 814
Total current liabilities 6,399 4,933
Long-term debt 8,968 8,571
Deferred tax liabilities 155 134
Other long-term liabilities 1,870 1,967
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value - authorized 50,000,000 shares; 0 shares issued as of December 31, 2024 and 2023 0 0
Common stock, $0.01 par value - authorized 2,000,000,000 shares; 1,737,846,196 shares issued as of December 31, 2024 and 1,729,000,224 shares issued as of December 31, 2023 17 17
Treasury stock, at cost - 263,289,848 shares as of December 31, 2024 and 2023 (2,251) (2,251)
Additional paid-in capital 21,056 20,647
Retained earnings 2,673 819
Accumulated other comprehensive income (loss), net of tax: 275 49
Equity, Attributable to Parent 21,770 19,282
Noncontrolling interests 233 248
Total stockholders’ equity 22,003 19,530
TOTAL LIABILITIES AND EQUITY $ 39,395 $ 35,136