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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 703 $ 483
Restricted cash 6 10
Receivables, net, current 1,726 1,818
Inventories 2,477 3,151
Assets held for sale 506 1,200
Prepaid expenses and other current assets 875 770
Total Current Assets 6,293 7,432
Property, plant and equipment, net 4,240 4,203
Goodwill 10,635 13,373
Other intangible assets, net 8,357 9,082
Operating lease right-of-use assets 689 743
Other assets 764 689
Total Assets 30,978 35,522
Current Liabilities:    
Bank borrowings, overdrafts and current portion of long-term debt 885 410
Commercial paper 0 187
Accounts payable 1,378 1,418
Accrued payroll and bonus 265 267
Dividends payable 207 206
Liabilities held for sale 46 212
Other current liabilities 977 1,028
Total Current Liabilities 3,758 3,728
Other Liabilities:    
Long-term debt 9,186 10,373
Retirement liabilities 253 231
Deferred income taxes 1,937 2,283
Operating lease liabilities 642 672
Other liabilities 560 491
Total Other Liabilities 12,578 14,050
Commitments and Contingencies (Note 19)
Redeemable non-controlling interests 0 59
Shareholders’ Equity:    
Common stock, value, issued 35 35
Capital in excess of par value 19,874 19,841
(Accumulated deficit) retained earnings (2,439) 955
Accumulated other comprehensive loss (1,896) (2,198)
Treasury stock, value (963) (978)
Total Shareholders’ Equity 14,611 17,655
Non-controlling interest 31 30
Total Shareholders’ Equity including non-controlling interest 14,642 17,685
Total Liabilities and Shareholders’ Equity $ 30,978 $ 35,522