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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 515 $ 495
Accounts receivable, net of allowances of $9 (2021) and $9 (2020) 1,028 872
Other receivables 104 205
Inventories 1,424 1,578
Prepaid expenses and other 273 256
Restricted cash 0 11
Total current assets 3,344 3,417
Noncurrent Assets    
Goodwill 6,016 6,225
Other intangibles, net 6,032 6,387
Other noncurrent assets 325 348
Property and equipment, net of accumulated depreciation of $1,060 (2021) and $1,038 (2020) 1,271 1,316
Total assets 16,988 17,693
Current Liabilities    
Accounts payable 411 501
Employee compensation 114 144
Sales rebates and discounts 331 295
Current portion of long-term debt 605 555
Other current liabilities 573 582
Total current liabilities 2,034 2,077
Noncurrent Liabilities    
Long-term debt 5,556 5,572
Accrued retirement benefits 316 346
Deferred taxes 828 900
Other noncurrent liabilities 247 322
Total liabilities 8,981 9,217
Commitments and Contingencies 0 0
Equity    
Preferred stock, no par value, 1,000,000,000 shares authorized; none issued 0 0
Common stock, no par value, 5,000,000,000 shares authorized, 472,968,567 and 471,921,116 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively 0 0
Additional paid-in capital 8,647 8,650
Accumulated deficit (538) (477)
Accumulated other comprehensive income (loss) (102) 303
Total equity 8,007 8,476
Total liabilities and equity $ 16,988 $ 17,693