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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 105 $ 332
Accounts receivable, net of allowances for doubtful accounts of $1 million each as of December 31, 2022 and 2021 768 752
Inventories, net 860 491
Income tax receivable 26 8
Prepaid expenses and other current assets 124 106
Total Current assets 1,883 1,689
Property, plant and equipment, net 278 272
Right-of-use lease assets 156 131
Goodwill 3,899 3,265
Other intangibles, net 630 469
Deferred income taxes 407 192
Other long-term assets 276 197
Total Assets 7,529 6,215
Current liabilities:    
Current portion of long-term debt 214 69
Accounts payable 811 700
Accrued liabilities 744 639
Deferred revenue 425 380
Income taxes payable 138 12
Total Current liabilities 2,332 1,800
Long-term debt 1,809 922
Long-term lease liabilities 139 121
Deferred income taxes 75 6
Long-term deferred revenue 333 315
Other long-term liabilities 108 67
Total Liabilities 4,796 3,231
Stockholders’ Equity:    
Preferred stock, $.01 par value; authorized 10,000,000 shares; none issued 0 0
Class A common stock, $.01 par value; authorized 150,000,000 shares; issued 72,151,857 shares 1 1
Additional paid-in capital 561 462
Treasury stock at cost, 20,700,357 and 18,736,582 shares as of December 31, 2022 and 2021, respectively (1,799) (1,023)
Retained earnings 4,036 3,573
Accumulated other comprehensive loss (66) (29)
Total Stockholders’ Equity 2,733 2,984
Total Liabilities and Stockholders’ Equity $ 7,529 $ 6,215