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Supplemental Balance Sheet Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Supplemental Balance Sheet Information [Abstract] |
Trade accounts receivable, net | Components of selected captions in our accompanying consolidated balance sheets are as follows: Trade accounts receivable, net
| As of December 31,
(in millions) | 2023 |  | 2022
Trade accounts receivable | $ | 2,338 |  |  | $ | 2,079 |
Allowance for credit losses | (110) |  |  | (109) |
| $ | 2,228 |  |  | $ | 1,970 |
The following is a rollforward of our Allowance for credit losses:
| Year Ended December 31,
(in millions) | 2023 |  | 2022 |  | 2021
Beginning balance | $ | 109 |  |  | $ | 108 |  |  | $ | 105 |
Credit loss expense | 50 |  |  | 35 |  |  | 28 |
Write-offs | (48) |  |  | (35) |  |  | (25) |
Ending balance | $ | 110 |  |  | $ | 109 |  |  | $ | 108 |
Schedule of Inventory, Current | Inventories
| As of December 31,
(in millions) | 2023 |  | 2022
Finished goods | $ | 1,537 |  |  | $ | 1,171 |
Work-in-process | 174 |  |  | 147 |
Raw materials | 773 |  |  | 548 |
| $ | 2,484 |  |  | $ | 1,867 |
Schedule of Other Current Assets | Other current assets
| As of December 31,
(in millions) | 2023 |  | 2022
Restricted cash and restricted cash equivalents | $ | 130 |  |  | $ | 149 |
Derivative assets | 159 |  |  | 232 |
Licensing arrangements | 47 |  |  | 60 |
Other | 285 |  |  | 290 |
| $ | 621 |  |  | $ | 731 |
Property, plant and equipment, net | Property, plant and equipment, net
| As of December 31,
(in millions) | 2023 |  | 2022
Land | $ | 140 |  |  | $ | 137 |
Buildings and improvements | 1,843 |  |  | 1,695 |
Equipment, furniture and fixtures | 3,503 |  |  | 3,297 |
Capital in progress | 857 |  |  | 598 |
| 6,343 |  |  | 5,728 |
Less: accumulated depreciation | 3,484 |  |  | 3,282 |
| $ | 2,859 |  |  | $ | 2,446 |
Schedule of Other Assets | Other long-term assets
| As of December 31,
(in millions) | 2023 |  | 2022
Restricted cash equivalents | $ | 60 |  |  | $ | 48 |
Operating lease right-of-use assets | 439 |  |  | 386 |
Derivative assets | 107 |  |  | 149 |
Investments | 413 |  |  | 407 |
Licensing arrangements | 30 |  |  | 67 |
Indemnification asset | 176 |  |  | 172 |
Other | 306 |  |  | 271 |
| $ | 1,531 |  |  | $ | 1,500 |
Schedule of Accrued Liabilities | Accrued expenses
| As of December 31,
(in millions) | 2023 |  | 2022
Legal reserves | $ | 206 |  |  | $ | 231 |
Payroll and related liabilities | 1,051 |  |  | 830 |
Rebates | 389 |  |  | 352 |
Contingent consideration | 304 |  |  | 74 |
Other | 696 |  |  | 674 |
| $ | 2,646 |  |  | $ | 2,160 |
Other Current Liabilities | Other current liabilities
| As of December 31,
(in millions) | 2023 |  | 2022
Deferred revenue | $ | 266 |  |  | $ | 220 |
Licensing arrangements | 49 |  |  | 79 |
Taxes payable | 220 |  |  | 232 |
Other | 278 |  |  | 230 |
| $ | 814 |  |  | $ | 761 |
Other long-term liabilities | Other long-term liabilities
| As of December 31,
(in millions) | 2023 |  | 2022
Accrued income taxes | $ | 470 |  |  | $ | 597 |
Legal reserves | 172 |  |  | 212 |
Contingent consideration | 100 |  |  | 75 |
Licensing arrangements | 41 |  |  | 80 |
Operating lease liabilities | 390 |  |  | 347 |
Deferred revenue | 311 |  |  | 289 |
Other | 484 |  |  | 434 |
| $ | 1,967 |  |  | $ | 2,035 |

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