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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 725 $ 414
Trade accounts receivable, net 2,693 2,558
Inventories 2,867 2,810
Prepaid income taxes 294 307
Other current assets 756 831
Total current assets 7,335 6,920
Property, plant and equipment, net 3,389 3,294
Goodwill 17,340 17,089
Other intangible assets, net 6,566 6,684
Deferred tax assets 3,676 3,655
Other long-term assets 1,834 1,754
TOTAL ASSETS 40,140 39,395
Current liabilities:    
Current debt obligations 777 1,778
Accounts payable 1,004 960
Accrued expenses 2,354 2,773
Other current liabilities 923 887
Total current liabilities 5,058 6,399
Long-term debt 10,532 8,968
Deferred tax liabilities 158 155
Other long-term liabilities 1,946 1,870
Commitments and contingencies
Stockholders’ equity    
Preferred stock, $0.01 par value - authorized 50,000,000 shares - 0 shares issued as of March 31, 2025 and December 31, 2024 0 0
Common stock, $0.01 par value - authorized 2,000,000,000 shares - issued 1,742,488,328 shares as of March 31, 2025 and 1,737,846,196 shares as of December 31, 2024 17 17
Treasury stock, at cost - 263,289,848 shares as of March 31, 2025 and December 31, 2024 (2,251) (2,251)
Additional paid-in capital 21,127 21,056
Retained earnings 3,347 2,673
Accumulated other comprehensive income (loss), net of tax (28) 275
Total stockholders’ equity 22,212 21,770
Noncontrolling interests 233 233
Total equity 22,446 22,003
TOTAL LIABILITIES AND EQUITY $ 40,140 $ 39,395