XML 42 R31.htm IDEA: XBRL DOCUMENT v3.21.2
Supplemental Balance Sheet Information (Tables)
6 Months Ended
Jun. 30, 2021
Supplemental Balance Sheet Information [Abstract]  
Trade accounts receivable, net [Table Text Block]
 As of
(in millions)June 30, 2021December 31, 2020
Trade accounts receivable$1,781 $1,637 
Allowance for credit losses(107)(105)
 $1,675 $1,531 
Three Months Ended June 30,Six Months Ended
June 30,
(in millions)2021202020212020
Beginning balance$101 $87 $105 $74 
Cumulative effect adjustment(1)
n/an/an/a10 
Credit loss expense14 11 22 
Write-offs(4)(7)(10)(13)
Ending balance$107 $94 $107 $94 
(1)    Effective January 1, 2020, we adopted FASB ASC Topic 326, Financial Instruments - Credit Losses using the modified retrospective method, which requires that we recognize credit loss reserves when financial assets are established if credit losses are expected over the asset’s contractual life. Refer to Note R – New Accounting Pronouncements to our audited financial statements contained in Item 8 of our most recent Annual Report on Form 10-K for additional information.
Inventory Disclosure [Table Text Block]
 As of
(in millions)June 30, 2021December 31, 2020
Finished goods$933 $893 
Work-in-process121 109 
Raw materials376 349 
 $1,430 $1,351 
Schedule of Other Current Assets [Table Text Block]
 As of
(in millions)June 30, 2021December 31, 2020
Restricted cash and restricted cash equivalents$167 $208 
Derivative assets167 133 
Licensing arrangements145 148 
Other299 263 
 $777 $751 
Property, plant and equipment, net [Table Text Block]
 As of
(in millions)June 30, 2021December 31, 2020
Land$104 $104 
Buildings and improvements1,342 1,292 
Equipment, furniture and fixtures3,517 3,465 
Capital in progress432 446 
 5,395 5,308 
Less: accumulated depreciation3,313 3,224 
 $2,082 $2,084 
Schedule of Other Assets [Table Text Block]
 As of
(in millions)June 30, 2021December 31, 2020
Restricted cash equivalents$57 $52 
Operating lease right-of-use assets411 458 
Derivative assets156 109 
Investments616 918 
Licensing arrangements166 218 
Other224 166 
 $1,629 $1,921 
Schedule of Accrued Liabilities [Table Text Block]
 As of
(in millions)June 30, 2021December 31, 2020
Legal reserves$417 $505 
Payroll and related liabilities801 681 
Rebates354 331 
Contingent consideration liability258 26 
Other612 656 
 $2,442 $2,197 
Other Current Liabilities [Table Text Block]
 As of
(in millions)June 30, 2021December 31, 2020
Deferred revenue$141 $138 
Licensing arrangements151 153 
Taxes payable121 158 
Liabilities held for sale— 200 
Other268 307 
 $680 $958 
Other long-term liabilities [Table Text Block]
 As of
(in millions)June 30, 2021December 31, 2020
Accrued income taxes$535 $547 
Legal reserves200 64 
Contingent consideration liability54 171 
Licensing arrangements199 253 
Operating lease liabilities359 401 
Deferred revenue283 257 
Other560 615 
 $2,190 $2,309