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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Assets:    
Cash and cash equivalents $ 396 $ 287
Accounts receivable, net 1,212 1,250
Inventories 1,778 2,203
Prepaid expenses and other current assets 362 312
Total current assets 3,748 4,052
Property, plant and equipment, net 1,202 1,184
Operating lease assets 521 578
Goodwill 3,049 3,298
Other intangible assets, net 2,550 2,649
Deferred income taxes 783 810
Other assets 719 691
Total assets 12,572 13,262
Liabilities:    
Accounts payable 1,084 1,062
Accrued compensation 150 123
Other accrued liabilities 1,409 1,272
Short-term debt and current portion of long-term debt 376 621
Total current liabilities 3,019 3,078
Long-term debt 4,737 4,756
Deferred income taxes 393 520
Operating lease liabilities 458 512
Other noncurrent liabilities 839 877
Total liabilities 9,446 9,743
Commitments and contingencies (Footnote 17)
Stockholders’ equity:    
Preferred stock (10.0 authorized shares, $1.00 par value, no shares issued at September 30, 2023 and December 31, 2022) 0 0
Common stock (800.0 authorized shares, $1.00 par value, 439.5 shares and 438.6 shares issued at September 30, 2023 and December 31, 2022, respectively) 440 439
Treasury stock, at cost (25.3 shares and 25.0 shares at September 30, 2023 and December 31, 2022, respectively) (627) (623)
Additional paid-in capital 6,928 7,052
Retained deficit (2,640) (2,338)
Accumulated other comprehensive loss (975) (1,011)
Total stockholders’ equity 3,126 3,519
Total liabilities and stockholders’ equity $ 12,572 $ 13,262