Supplemental Balance Sheet Information

12 Months Ended

Dec. 31, 2017

Supplemental Balance Sheet Information [Abstract]

SUPPLEMENTAL BALANCE SHEET INFORMATION

NOTE H – SUPPLEMENTAL BALANCE SHEET INFORMATION

Components of selected captions in our accompanying consolidated balance sheets are as follows:

Trade accounts receivable, net

	As of
(in millions)	December 31, 2017			December 31, 2016
Accounts receivable	$	1,645		$	1,591
Less: allowance for doubtful accounts	(68		)	(73		)
Less: allowance for sales returns	(30		)	(46		)
	$	1,548		$	1,472

The following is a rollforward of our allowance for doubtful accounts:

	Year Ended December 31,
(in millions)	2017			2016			2015
Beginning balance	$	73		$	75		$	76
Net charges to expenses	14			9			15
Utilization of allowances	(18		)	(11		)	(16		)
Ending balance	$	68		$	73		$	75

Inventories

	As of
(in millions)	December 31, 2017		December 31, 2016
Finished goods	$	685	$	625
Work-in-process	110		94
Raw materials	284		236
	$	1,078	$	955

Property, plant and equipment, net

	As of
(in millions)	December 31, 2017		December 31, 2016
Land	$	102	$	91
Buildings and improvements	1,120		981
Equipment, furniture and fixtures	3,183		2,955
Capital in progress	219		338
	4,625		4,365
Less: accumulated depreciation	2,928		2,735
	$	1,697	$	1,630

Accrued expenses

	As of
(in millions)	December 31, 2017		December 31, 2016
Legal reserves	$	1,176	$	1,062
Payroll and related liabilities	591		572
Accrued contingent consideration	36		63
Other accrued expenses	653		615
	$	2,456	$	2,312

Other long-term liabilities

	As of
(in millions)	December 31, 2017		December 31, 2016
Accrued income taxes	$	1,275	$	781
Legal reserves	436		961
Accrued contingent consideration	133		141
Other	525		455
	$	2,370	$	2,338