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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 672 $ 650
Restricted cash 122 7
Trade receivables (net of allowances of $44 and $21, respectively) 1,975 929
Inventories:    
Raw materials 852 566
Work in process 280 38
Finished goods 1,269 528
Total Inventories 2,401 1,132
Assets held for sale 1,245 0
Prepaid expenses and other current assets 717 342
Total Current Assets 7,132 3,060
Property, plant and equipment, at cost 5,903 2,928
Accumulated depreciation (1,608) (1,470)
Total Property Plant and Equipment 4,295 1,458
Goodwill 16,590 5,593
Other intangible assets, net 10,959 2,727
Operating lease right-of-use assets 774 299
Other assets 502 418
Total Assets 40,252 13,555
Current Liabilities:    
Bank borrowings, overdrafts, and current portion of long-term debt 708 634
Accounts payable 1,332 556
Accrued payroll and bonus 298 133
Dividends payable 201 82
Liabilities held for sale 87 0
Other current liabilities 953 499
Total Current Liabilities 3,579 1,904
Long-term debt 10,818 3,779
Retirement liabilities 518 326
Deferred income taxes 2,610 593
Operating lease liability 671 265
Other liabilities 478 268
Total Other Liabilities 15,095 5,231
Commitments and Contingencies
Redeemable noncontrolling interests 105 98
Shareholders' Equity:    
Common stock 12 1/2¢ par value; 500,000,000 shares authorized; 275,726,629 shares issued as of September 30, 2021 and 128,526,137 shares issued as of December 31, 2020; and 254,542,499 and 106,937,990 shares outstanding as of September 30, 2021 and December 31, 2020, respectively 35 16
Capital in excess of par value 19,817 3,853
Retained earnings 3,752 4,156
Accumulated other comprehensive loss (1,180) (698)
Treasury stock, at cost (21,184,130 and 21,588,147 shares as of September 30, 2021 and December 31, 2020, respectively) (998) (1,017)
Total Shareholders’ Equity 21,426 6,310
Noncontrolling interest 47 12
Total Shareholders’ Equity including Noncontrolling interest 21,473 6,322
Total Liabilities and Shareholders’ Equity $ 40,252 $ 13,555