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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 1,052 $ 1,040
Trade receivables (net of allowances of $43 at September 30, 2023 and $46 at December 31, 2022) 2,103 2,120
Inventories 3,779 3,651
Prepaid expenses 245 240
Other current assets 654 842
Assets held for sale 5 4
Total current assets 7,838 7,897
Property, plant and equipment, net 6,813 6,740
Goodwill 30,310 30,833
Intangible assets, net 42,314 42,649
Other non-current assets 2,381 2,394
TOTAL ASSETS 89,656 90,513 Close
LIABILITIES AND EQUITY    
Commercial paper and other short-term debt 0 6
Current portion of long-term debt 608 831
Trade payables 4,463 4,848
Accrued marketing 793 749
Interest payable 268 264
Other current liabilities 1,672 2,330
Total current liabilities 7,804 9,028
Long-term debt 19,270 19,233
Deferred income taxes 10,132 10,152
Accrued postemployment costs 143 144
Long-term deferred income 1,436 1,477
Other non-current liabilities 1,413 1,609
TOTAL LIABILITIES 40,198 41,643 Close
Commitments and Contingencies (Note 14)
Redeemable noncontrolling interest 24 40 Close
Equity:    
Common stock, $0.01 par value (5,000 shares authorized; 1,249 shares issued and 1,227 shares outstanding at September 30, 2023; 1,243 shares issued and 1,225 shares outstanding at December 31, 2022) 12 12
Additional paid-in capital 52,004 51,834
Retained earnings/(deficit) 1,104 489
Accumulated other comprehensive income/(losses) (2,863) (2,810)
Treasury stock, at cost (23 shares at September 30, 2023 and 18 shares at December 31, 2022) (981) (847)
Total shareholders' equity 49,276 48,678
Noncontrolling interest 158 152
TOTAL EQUITY 49,434 48,830 Close
TOTAL LIABILITIES AND EQUITY $ 89,656 $ 90,513