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BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2023
Accounting Policies [Abstract] |
Cash, Cash Equivalents and Investments | The following table provides a summary of cash, cash equivalents, restricted cash and restricted cash equivalents that constitute the total amounts shown in our consolidated statements of cash flows (in millions):
December 31, | 2023 | 2022 | 2021
Cash and cash equivalents | $ | 9,366 |  | $ | 9,519 |  | $ | 9,684 |
Restricted cash and restricted cash equivalents 1,2 | 326 |  | 306 |  | 341 |
Cash, cash equivalents, restricted cash and restricted cash equivalents | $ | 9,692 |  | $ | 9,825 |  | $ | 10,025 |
1 Amounts include cash and cash equivalents in our solvency capital portfolio, which are included in the line item other noncurrent assets in our consolidated balance sheets. Refer to Note 4. 2Amounts include cash and cash equivalents related to assets held for sale, which are included in the line item prepaid expenses and other current assets in our consolidated balance sheets. Refer to Note 2.
Inventories | Inventories consisted of the following (in millions):
December 31, | 2023 | 2022
Raw materials and packaging | $ | 2,618 |  | $ | 2,627 |
Finished goods | 1,449 |  | 1,247 |
Other | 357 |  | 359 |
Total inventories | $ | 4,424 |  | $ | 4,233 |
Property, Plant and Equipment | The following table summarizes our property, plant and equipment (in millions):
December 31, | 2023 | 2022
Land | $ | 229 |  | $ | 611 |
Buildings and improvements | 4,647 |  | 4,434 |
Machinery and equipment | 13,593 |  | 14,030 |
Property, plant and equipment — cost | 18,469 |  | 19,075 |
Less: Accumulated depreciation | 9,233 |  | 9,234 |
Property, plant and equipment — net | $ | 9,236 |  | $ | 9,841 |

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