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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Assets:    
Cash and cash equivalents $ 344 $ 440
Accounts receivable, net 1,421 1,500
Inventories 2,297 1,997
Prepaid expenses and other current assets 349 325
Total current assets 4,411 4,262
Property, plant and equipment, net 1,144 1,204
Operating lease assets 595 558
Goodwill 3,486 3,504
Other intangible assets, net 3,046 3,370
Deferred income taxes 797 814
Other assets 725 467
Total assets 14,204 14,179
Liabilities:    
Accounts payable 1,651 1,680
Accrued compensation 154 270
Other accrued liabilities 1,375 1,364
Short-term debt and current portion of long-term debt 3 3
Total current liabilities 3,183 3,317
Long-term debt 4,880 4,883
Deferred income taxes 720 405
Operating lease liabilities 531 500
Other noncurrent liabilities 910 983
Total liabilities 10,224 10,088
Commitments and contingencies (Footnote 17)
Stockholders’ equity:    
Preferred stock (10.0 authorized shares, $1.00 par value, no shares issued at March 31, 2022 and December 31, 2021) 0 0
Common stock (800.0 authorized shares, $1.00 par value, 440.8 shares and 450.0 shares issued at March 31, 2022 and December 31, 2021, respectively) 441 450
Treasury stock, at cost (25.0 shares and 24.5 shares at March 31, 2022 and December 31, 2021, respectively) (623) (609)
Additional paid-in capital 7,384 7,734
Retained deficit (2,368) (2,602)
Accumulated other comprehensive loss (854) (882)
Total stockholders’ equity 3,980 4,091
Total liabilities and stockholders’ equity $ 14,204 $ 14,179