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Supplemental Balance Sheet Information (Tables) | 12 Months Ended
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Dec. 31, 2024
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) | 2024 |  | 2023
Trade accounts receivable | $ | 2,667 |  |  | $ | 2,338 |
Allowance for credit losses | (109) |  |  | (110) |
| $ | 2,558 |  |  | $ | 2,228 |
The following is a roll forward of our Allowance for credit losses:
| Year Ended December 31,
(in millions) | 2024 |  | 2023 |  | 2022
Beginning balance | $ | 110 |  |  | $ | 109 |  |  | $ | 108 |
Credit loss expense | 41 |  |  | 50 |  |  | 35 |
Write-offs | (43) |  |  | (48) |  |  | (35) |
Ending balance | $ | 109 |  |  | $ | 110 |  |  | $ | 109 |
Schedule of Inventory, Current | Inventories
| As of December 31,
(in millions) | 2024 |  | 2023
Finished goods | $ | 1,798 |  |  | $ | 1,537 |
Work-in-process | 193 |  |  | 174 |
Raw materials | 819 |  |  | 773 |
| $ | 2,810 |  |  | $ | 2,484 |
Schedule of Other Current Assets | Other current assets
| As of December 31,
(in millions) | 2024 |  | 2023
Restricted cash and restricted cash equivalents | $ | 111 |  |  | $ | 130 |
Derivative assets | 305 |  |  | 159 |
Other | 414 |  |  | 332 |
| $ | 831 |  |  | $ | 621 |
Property, plant and equipment, net | Property, plant and equipment, net
| As of December 31,
(in millions) | 2024 |  | 2023
Land | $ | 144 |  |  | $ | 140 |
Buildings and improvements | 2,019 |  |  | 1,843 |
Equipment, furniture and fixtures | 3,630 |  |  | 3,503 |
Capital in progress | 1,035 |  |  | 857 |
| 6,827 |  |  | 6,343 |
Less: accumulated depreciation | 3,533 |  |  | 3,484 |
| $ | 3,294 |  |  | $ | 2,859 |
Schedule of Other Assets | Other long-term assets
| As of December 31,
(in millions) | 2024 |  | 2023
Restricted cash equivalents | $ | 80 |  |  | $ | 60 |
Operating lease right-of-use assets | 449 |  |  | 439 |
Derivative assets | 79 |  |  | 107 |
Investments | 555 |  |  | 413 |
Indemnification asset | 188 |  |  | 176 |
Other | 402 |  |  | 336 |
| $ | 1,754 |  |  | $ | 1,531 |
Schedule of Accrued Liabilities | Accrued expenses
| As of December 31,
(in millions) | 2024 |  | 2023
Legal reserves | $ | 177 |  |  | $ | 206 |
Payroll and related liabilities | 1,288 |  |  | 1,051 |
Rebates | 494 |  |  | 389 |
Contingent consideration | 63 |  |  | 304 |
Other | 751 |  |  | 696 |
| $ | 2,773 |  |  | $ | 2,646 |
Other Current Liabilities | Other current liabilities
| As of December 31,
(in millions) | 2024 |  | 2023
Deferred revenue | $ | 306 |  |  | $ | 266 |
Taxes payable | 268 |  |  | 220 |
Other | 313 |  |  | 328 |
| $ | 887 |  |  | $ | 814 |
Other long-term liabilities | Other long-term liabilities
| As of December 31,
(in millions) | 2024 |  | 2023
Accrued income taxes | $ | 357 |  |  | $ | 470 |
Legal reserves | 149 |  |  | 172 |
Contingent consideration | 108 |  |  | 100 |
Operating lease liabilities | 401 |  |  | 390 |
Deferred revenue | 329 |  |  | 311 |
Other | 527 |  |  | 525 |
| $ | 1,870 |  |  | $ | 1,967 |

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