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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
$ in Millions
Apr. 03, 2022
USD ($)
shares
Dec. 31, 2021
USD ($)
shares
Current assets:    
Cash and cash equivalents $ 2,683 $ 2,830
Accounts receivable, net 925 923
Inventories, net 1,311 1,189
Other current assets 356 286
Total current assets 5,275 5,228
Non-current assets:    
Other non-current assets 1,701 1,346
Property, plant and equipment, net of accumulated depreciation of $4,805 and $4,676 2,814 2,635
Identified intangible assets, net of accumulated amortization of $3,059 and $3,021 1,577 1,694
Goodwill 9,954 9,961
Total non-current assets 16,046 15,636
Total assets 21,321 20,864
Current liabilities:    
Accounts payable 1,369 1,252
Restructuring liabilities-current 16 25
Other current liabilities 1,460 1,175
Total current liabilities 2,845 2,452
Non-current liabilities:    
Long-term debt 10,573 10,572
Restructuring liabilities 14 12
Deferred tax liabilities 53 57
Other non-current liabilities 1,076 1,001
Total non-current liabilities 11,716 11,642
Total liabilities 14,561 14,094
Equity:    
Non-controlling interests 251 242
Stockholders’ equity:    
Common stock, par value €0.20 per share: 56 56
Capital in excess of par value $ 13,819 $ 13,727
Treasury shares (in shares) | shares 11,966,850 9,569,359
Treasury shares, at cost : 36,518,520 shares (2019: 34,082,242 shares) $ (2,433) $ (1,932)
Accumulated other comprehensive income (loss) 26 48
Accumulated deficit (4,959) (5,371)
Total stockholders’ equity 6,509 6,528
Total equity 6,760 6,770
Total liabilities and equity $ 21,321 $ 20,864