Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 1,577	$ 724
Receivables, less allowances for discounts, returns and doubtful accounts of $35 and $35 in 2020 and 2019, respectively	956	1,036
Inventories	595	539
Prepaid and other current assets	173	151
Total current assets	3,301	2,450
Property, plant and equipment, net	635	658
Goodwill	2,820	2,839
Other intangible assets, net	1,108	1,174
Other non-current assets	580	589
Total assets	8,444	7,710
Current liabilities:
Accounts payable	498	597
Accrued and other current liabilities	663	628
Short-term borrowings and current maturities of long-term debt	212	276
Total current liabilities	1,373	1,501
Long-term debt	3,031	2,040
Accrued postretirement benefits	446	445
Deferred income tax liabilities	304	310
Other non-current accrued liabilities	425	447
Total liabilities	5,579	4,743
Commitments and contingencies (Note 18)
Stockholders’ equity:
Common Stock	2	2
Capital in excess of par value	2,012	1,991
Retained earnings	1,838	1,866
Treasury stock – at cost 14.5 shares and 13.7 shares in 2020 and 2019, respectively	(587)	(527)
Accumulated other comprehensive loss	(409)	(375)
Total stockholders’ equity	2,856	2,957
Non-controlling interests	9	10
Total equity	2,865	2,967
Total liabilities and stockholders’ equity	$ 8,444	$ 7,710