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BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

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 equivalents1,2			326			306			341
Cash, cash equivalents, restricted cash and restricted cash equivalents			$	9,692		$	9,825		$	10,025

1Amounts 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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