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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 342 $ 638
Accounts receivable, net of allowances of $12 (2022 and 2021) 973 833
Other receivables 219 195
Inventories 1,345 1,373
Prepaid expenses and other 315 237
Total current assets 3,194 3,276
Noncurrent Assets    
Goodwill 6,116 6,172
Other intangibles, net 5,395 5,587
Other noncurrent assets 559 387
Property and equipment, net of accumulated depreciation of $670 (2022) and $1,041 (2021) 987 1,061
Total assets 16,251 16,483
Current Liabilities    
Accounts payable 402 418
Employee compensation 111 185
Sales rebates and discounts 295 316
Current portion of long-term debt 61 294
Other current liabilities 438 430
Total current liabilities 1,307 1,643
Noncurrent Liabilities    
Long-term debt 6,073 6,025
Accrued retirement benefits 270 271
Deferred taxes 747 745
Other noncurrent liabilities 242 261
Total liabilities 8,639 8,945
Commitments and Contingencies
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, 474,091,024 and 473,119,786 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively 0 0
Additional paid-in capital 8,699 8,696
Accumulated deficit (901) (949)
Accumulated other comprehensive loss (186) (209)
Total equity 7,612 7,538
Total liabilities and equity $ 16,251 $ 16,483