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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)
$ in Millions
Mar. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Current assets:    
Cash and cash equivalents $ 2,908 $ 3,862
Deposits Assets, Current 400 409
Accounts receivable, net 881 894
Inventories, net 2,102 2,134
Other current assets 603 565
Total current assets 6,894 7,864
Non-current assets:    
Other non-current assets 2,338 2,289
Property, plant and equipment, net of accumulated depreciation of $5,783 and $5,660 3,304 3,323
Identified intangible assets, net of accumulated amortization of $1,326 and $1,342 839 922
Goodwill 9,945 9,955
Total non-current assets 16,426 16,489
Total assets 23,320 24,353
Current liabilities:    
Accounts payable 954 1,164
Restructuring liabilities-current 68 92
Other current liabilities 1,906 1,855
Short-term debt 0 1,000
Total current liabilities 2,928 4,111
Non-current liabilities:    
Long-term debt 10,178 10,175
Restructuring liabilities 9 9
Deferred tax liabilities 46 44
Other non-current liabilities 1,009 1,054
Total non-current liabilities 11,242 11,282
Total liabilities 14,170 15,393
Equity:    
Non-controlling interests 321 316
Stockholders’ equity:    
Common stock, par value €0.20 per share: 56 56
Capital in excess of par value 14,619 14,501
Treasury shares, at cost : 36,518,520 shares (2019: 34,082,242 shares) (3,469) (3,210)
Accumulated other comprehensive income (loss) 44 90
Accumulated deficit (2,421) (2,793)
Total stockholders’ equity 8,829 8,644
Total equity 9,150 8,960
Total liabilities and equity $ 23,320 $ 24,353