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Supplemental Balance Sheet Information (Tables)
3 Months Ended
Mar. 31, 2025
Supplemental Balance Sheet Information [Abstract]  
Trade accounts receivable, net
Trade accounts receivable, net
 As of
(in millions)March 31, 2025December 31, 2024
Trade accounts receivable$2,806 $2,667 
Allowance for credit losses(113)(109)
 $2,693 $2,558 

The following is a roll forward of our Allowance for credit losses:
Three Months Ended March 31,
(in millions)20252024
Beginning balance$109 $110 
Credit loss expense17 
Write-offs(13)(10)
Ending balance$113 $109 
Inventory Disclosure
Inventories
 As of
(in millions)March 31, 2025December 31, 2024
Finished goods$1,805 $1,798 
Work-in-process218 193 
Raw materials843 819 
 $2,867 $2,810 
Schedule of Other Current Assets
Other current assets
 As of
(in millions)March 31, 2025December 31, 2024
Restricted cash and restricted cash equivalents$103 $111 
Derivative assets221 305 
Other432 414 
 $756 $831 
Property, plant and equipment, net
Property, plant and equipment, net
 As of
(in millions)March 31, 2025December 31, 2024
Land$145 $144 
Buildings and improvements2,096 2,019 
Equipment, furniture and fixtures3,781 3,630 
Capital in progress1,009 1,035 
 7,031 6,827 
Less: accumulated depreciation3,642 3,533 
 $3,389 $3,294 
Schedule of Other Assets
Other long-term assets
 As of
(in millions)March 31, 2025December 31, 2024
Restricted cash equivalents$91 $80 
Operating lease right-of-use assets448 449 
Derivative assets11 79 
Investments655 555 
Indemnification asset187 188 
Other443 402 
 $1,834 $1,754 
Schedule of Accrued Liabilities
Accrued expenses
 As of
(in millions)March 31, 2025December 31, 2024
Legal reserves$137 $177 
Payroll and related liabilities927 1,288 
Rebates519 494 
Contingent consideration114 63 
Other657 751 
 $2,354 $2,773 
Other Current Liabilities
Other current liabilities
 As of
(in millions)March 31, 2025December 31, 2024
Deferred revenue$306 $306 
Taxes payable315 268 
Other302 313 
 $923 $887 
Other long-term liabilities
Other long-term liabilities
 As of
(in millions)March 31, 2025December 31, 2024
Legal reserves$180 $149 
Accrued income taxes361 357 
Contingent consideration100 108 
Operating lease liabilities399 401 
Deferred revenue335 329 
Other572 527 
 $1,946 $1,870