XML 22 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 137 $ 105
Accounts receivable, net of allowances for doubtful accounts of $1 million each as of December 31, 2023 and 2022 521 768
Inventories, net 804 860
Income tax receivable 63 26
Prepaid expenses and other current assets 147 124
Total Current assets 1,672 1,883
Property, plant and equipment, net 309 278
Right-of-use lease assets 169 156
Goodwill 3,895 3,899
Other intangibles, net 527 630
Deferred income taxes 438 407
Other long-term assets 296 276
Total Assets 7,306 7,529
Current liabilities:    
Current portion of long-term debt 173 214
Accounts payable 456 811
Accrued liabilities 504 744
Deferred revenue 458 425
Income taxes payable 7 138
Total Current liabilities 1,598 2,332
Long-term debt 2,047 1,809
Long-term lease liabilities 152 139
Deferred income taxes 67 75
Long-term deferred revenue 312 333
Other long-term liabilities 94 108
Total Liabilities 4,270 4,796
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 615 561
Treasury stock at cost, 20,772,995 and 20,700,357 shares as of December 31, 2023 and 2022, respectively (1,858) (1,799)
Retained earnings 4,332 4,036
Accumulated other comprehensive loss (54) (66)
Total Stockholders’ Equity 3,036 2,733
Total Liabilities and Stockholders’ Equity $ 7,306 $ 7,529