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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 629 $ 483
Restricted cash 10 10
Trade receivables, net 1,831 1,818
Inventories:    
Raw materials 862 1,073
Work in process 431 442
Finished goods 1,256 1,636
Total Inventories 2,549 3,151
Assets held for sale 482 1,200
Prepaid expenses and other current assets 890 770
Total Current Assets 6,391 7,432
Property, plant and equipment, at cost 6,368 6,180
Accumulated depreciation (2,242) (1,977)
Total Property Plant and Equipment 4,126 4,203
Goodwill 13,031 13,355
Other intangible assets, net 8,381 9,082
Operating lease right-of-use assets 703 743
Other assets 763 689
Total Assets 33,395 35,504
Current Liabilities:    
Bank borrowings, overdrafts, and current portion of long-term debt 1,142 410
Commercial paper 0 187
Accounts payable 1,112 1,418
Accrued payroll and bonus 236 267
Dividends payable 207 206
Liabilities held for sale 49 212
Other current liabilities 937 1,028
Total Current Liabilities 3,683 3,728
Long-term debt 9,159 10,373
Retirement liabilities 228 231
Deferred income taxes 2,127 2,265
Operating lease liability 654 672
Other liabilities 475 491
Total Other Liabilities 12,643 14,032
Commitments and Contingencies
Redeemable non-controlling interests 60 59
Shareholders' Equity:    
Common Stock, Value, Issued 35 35
Capital in excess of par value 19,865 19,841
Retained earnings 378 955
Accumulated other comprehensive loss (2,336) (2,198)
Treasury Stock, Value (964) (978)
Total Shareholders’ Equity 16,978 17,655
Non-controlling interest 31 30
Total Shareholders’ Equity including Non-controlling interest 17,009 17,685
Total Liabilities and Shareholders’ Equity $ 33,395 $ 35,504