XML 14 R2.htm IDEA: XBRL DOCUMENT v3.23.3Close
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 346 $ 211
Accounts receivable, less allowances of $19 and $30 1,926 1,705
Vendor receivables, less allowances of $7 and $8 206 143
Inventories—net 1,582 1,616
Prepaid expenses 138 124
Assets held for sale 0 2
Other current assets 11 19
Total current assets 4,209 3,820
Property and equipment—net 2,187 2,171
Goodwill 5,685 5,625
Other intangibles—net 808 785
Other assets 382 372
Total assets 13,272 12,773 Close
Current liabilities:    
Cash overdraft liability 214 175
Accounts payable 2,249 1,855
Accrued expenses and other current liabilities 677 650
Current portion of long-term debt 112 116
Total current liabilities 3,252 2,796
Long-term debt 4,574 4,738
Deferred tax liabilities 304 298
Other long-term liabilities 450 446
Total liabilities 8,580 8,278 Close
Commitments and contingencies (Note 18)
Series A convertible preferred stock, $0.01 par value—25 shares authorized; 0 and 0.5 issued and outstanding as of September 30, 2023 and December 31, 2022, respectively 0 534 Close
Shareholders’ equity:    
Common stock, $0.01 par value—600 shares authorized; 252.5 issued and 246.3 outstanding as of September 30, 2023, and 225.2 issued and 224.8 outstanding as of December 31, 2022 3 2
Additional paid-in capital 3,642 3,036
Retained earnings 1,362 1,010
Accumulated other comprehensive loss (70) (73)
Treasury Stock, 6.2 and 0.4 shares, respectively (245) (14)
Total shareholders’ equity 4,692 3,961 Close
Total liabilities, mezzanine equity and shareholders’ equity $ 13,272 $ 12,773