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Supplemental Balance Sheet Information (Tables)
 3 Months Ended
Mar. 31, 2024
Supplemental Balance Sheet Information [Abstract]  
Trade accounts receivable, net
Trade accounts receivable, net
 As of
(in millions)March 31, 2024December 31, 2023
Trade accounts receivable$2,413 $2,338 
Allowance for credit losses(109)(110)
 $2,304 $2,228 

The following is a roll forward of our Allowance for credit losses:
Three Months Ended March 31,
(in millions)20242023
Beginning balance$110 $109 
Credit loss expense9 16 
Write-offs(10)(6)
Ending balance$109 $118 
Inventory Disclosure
Inventories
 As of
(in millions)March 31, 2024December 31, 2023
Finished goods$1,555 $1,537 
Work-in-process188 174 
Raw materials818 773 
 $2,561 $2,484 
Schedule of Other Current Assets
Other current assets
 As of
(in millions)March 31, 2024December 31, 2023
Restricted cash and restricted cash equivalents$93 $130 
Derivative assets177 159 
Licensing arrangements44 47 
Other357 285 
 $671 $621 
Property, plant and equipment, net
Property, plant and equipment, net
 As of
(in millions)March 31, 2024December 31, 2023
Land$141 $140 
Buildings and improvements1,856 1,843 
Equipment, furniture and fixtures3,550 3,503 
Capital in progress880 857 
 6,427 6,343 
Less: accumulated depreciation3,530 3,484 
 $2,897 $2,859 
Schedule of Other Assets
Other long-term assets

 As of
(in millions)March 31, 2024December 31, 2023
Restricted cash equivalents$74 $60 
Operating lease right-of-use assets430 439 
Derivative assets125 107 
Investments429 413 
Licensing arrangements22 30 
Indemnification asset175 176 
Other341 306 
 $1,596 $1,531 
Schedule of Accrued Liabilities
Accrued expenses
 As of
(in millions)March 31, 2024December 31, 2023
Legal reserves$129 $206 
Payroll and related liabilities749 1,051 
Rebates384 389 
Contingent consideration182 304 
Other639 696 
 $2,083 $2,646 
Other Current Liabilities
Other current liabilities
 As of
(in millions)March 31, 2024December 31, 2023
Deferred revenue$280 $266 
Licensing arrangements45 49 
Taxes payable257 220 
Other246 278 
 $827 $814 
Other long-term liabilities
Other long-term liabilities
 As of
(in millions)March 31, 2024December 31, 2023
Accrued income taxes$466 $470 
Legal reserves154 172 
Contingent consideration90 100 
Licensing arrangements26 41 
Operating lease liabilities382 390 
Deferred revenue314 311 
Other486 484 
 $1,919 $1,967