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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 872 $ 650
Restricted cash 7 7
Trade receivables (net of allowances of $40 and $21, respectively) 2,023 929
Inventories:    
Raw materials 780 566
Work in process 325 38
Finished goods 1,484 528
Total Inventories 2,589 1,132
Prepaid expenses and other current assets 683 342
Total Current Assets 6,174 3,060
Property, plant and equipment, at cost 6,088 2,928
Accumulated depreciation (1,501) (1,470)
Total Property Plant and Equipment 4,587 1,458
Goodwill 17,104 5,593
Other intangible assets, net 11,652 2,727
Operating lease right-of-use assets 803 299
Other assets 497 418
Total Assets 40,817 13,555
Current Liabilities:    
Bank borrowings, overdrafts, and current portion of long-term debt 628 634
Accounts payable 1,337 556
Accrued payroll and bonus 222 133
Dividends payable 192 82
Other current liabilities 882 499
Total Current Liabilities 3,261 1,904
Long-term debt 11,330 3,779
Retirement liabilities 550 326
Deferred income taxes 2,727 593
Operating lease liability 697 265
Other liabilities 469 268
Total Other Liabilities 15,773 5,231
Commitments and Contingencies
Redeemable noncontrolling interests 102 98
Shareholders' Equity:    
Common stock 12 1/2¢ par value; 500,000,000 shares authorized; 270,266,598 shares issued as of March 31, 2021 and 128,526,137 shares issued as of December 31, 2020; and 248,859,641 and 106,937,990 shares outstanding as of March 31, 2021 and December 31, 2020, respectively 34 16
Capital in excess of par value 19,796 3,853
Retained earnings 3,922 4,156
Accumulated other comprehensive loss (1,102) (698)
Treasury stock, at cost (21,406,957 and 21,588,147 shares as of March 31, 2021 and December 31, 2020, respectively) (1,008) (1,017)
Total Shareholders’ Equity 21,642 6,310
Noncontrolling interest 39 12
Total Shareholders’ Equity including Noncontrolling interest 21,681 6,322
Total Liabilities and Shareholders’ Equity $ 40,817 $ 13,555