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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 638 $ 483
Restricted cash 11 10
Trade receivables 1,887 1,818
Inventories:    
Raw materials 919 1,073
Work in process 474 442
Finished goods 1,397 1,636
Total Inventories 2,790 3,151
Assets held for sale 212 1,200
Prepaid expenses and other current assets 898 770
Total Current Assets 6,436 7,432
Property, plant and equipment, at cost 6,404 6,180
Accumulated depreciation (2,186) (1,977)
Total Property Plant and Equipment 4,218 4,203
Goodwill 13,498 13,355
Other intangible assets, net 8,813 9,082
Operating lease right-of-use assets 740 743
Other assets 754 689
Total Assets 34,459 35,504
Current Liabilities:    
Bank borrowings, overdrafts, and current portion of long-term debt 1,203 410
Commercial paper 159 187
Accounts payable 1,227 1,418
Accrued payroll and bonus 205 267
Dividends payable 206 206
Liabilities held for sale 13 212
Other current liabilities 919 1,028
Total Current Liabilities 3,932 3,728
Long-term debt 9,208 10,373
Retirement liabilities 233 231
Deferred income taxes 2,183 2,265
Operating lease liability 683 672
Other liabilities 504 491
Total Other Liabilities 12,811 14,032
Commitments and Contingencies
Redeemable non-controlling interests 61 59
Shareholders' Equity:    
Common Stock, Value, Issued 35 35
Capital in excess of par value 19,851 19,841
Retained earnings 560 955
Accumulated other comprehensive loss (1,857) (2,198)
Treasury Stock, Value (966) (978)
Total Shareholders’ Equity 17,623 17,655
Non-controlling interest 32 30
Total Shareholders’ Equity including Non-controlling interest 17,655 17,685
Total Liabilities and Shareholders’ Equity $ 34,459 $ 35,504