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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 711 $ 650
Restricted cash 4 7
Receivables:    
Trade 1,952 950
Allowance for doubtful accounts (46) (21)
Inventories 2,516 1,132
Prepaid expenses and other current assets 728 342
Total Current Assets 6,987 3,060
Property, plant and equipment, net 4,368 1,458
Goodwill 16,414 5,593
Other intangible assets, net 10,506 2,727
Operating lease right-of-use assets 767 299
Other assets 616 418
Total Assets 39,658 13,555
Current Liabilities:    
Bank borrowings, overdrafts and current portion of long-term debt 308 634
Commercial Paper 324 0
Accounts payable 1,532 556
Accrued payroll and bonus 335 133
Dividends payable 201 82
Other current liabilities 832 499
Total Current Liabilities 3,633 1,904
Other Liabilities:    
Long-term debt 10,768 3,779
Retirement liabilities 385 326
Deferred income taxes 2,518 593
Operating Lease, Liability, Noncurrent 670 265
Other liabilities 462 268
Total Other Liabilities 14,803 5,231
Commitments and Contingencies (Note 19)
Redeemable noncontrolling interests 105 98
Shareholders’ Equity:    
Common stock 12 1/2¢ par value; 500,000,000 shares authorized; 275,726,629 and 128,526,137 shares issued as of December 31, 2021 and December 31, 2020, respectively; and 254,573,984 and 106,937,990 shares outstanding as of December 31, 2021 and December 31, 2020, respectively 35 16
Capital in excess of par value 19,826 3,853
Retained earnings 3,641 4,156
Accumulated other comprehensive loss:    
Cumulative translation adjustments (1,133) (285)
AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax 1 (7)
Pension and postretirement liability adjustment (291) (406)
Treasury stock, at cost (21,152,645 and 21,588,147 shares as of December 31, 2021 and December 31, 2020, respectively) (997) (1,017)
Total Shareholders’ Equity 21,082 6,310
Noncontrolling interest 35 12
Total Shareholders’ Equity including Noncontrolling interest 21,117 6,322
Total Liabilities and Shareholders’ Equity 39,658 13,555
Disposal Group, Including Discontinued Operation, Assets, Current 1,122 0
Disposal Group, Including Discontinued Operation, Liabilities, Current $ 101 $ 0