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Supplemental Balance Sheet Information (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Supplemental Balance Sheet Information [Abstract] |
Trade accounts receivable, net | Trade accounts receivable, net
| As of
(in millions) | March 31, 2025 |  | December 31, 2024
Trade accounts receivable | $ | 2,806 |  |  | $ | 2,667 |
Allowance for credit losses | (113) |  |  | (109) |
| $ | 2,693 |  |  | $ | 2,558 |
The following is a roll forward of our Allowance for credit losses:
| Three Months Ended March 31, |  |
(in millions) | 2025 |  | 2024 |  |  |  |
Beginning balance | $ | 109 |  |  | $ | 110 |  |  |  |  |
Credit loss expense | 17 |  |  | 9 |  |  |  |  |
Write-offs | (13) |  |  | (10) |  |  |  |  |
Ending balance | $ | 113 |  |  | $ | 109 |  |  |  |  |
Inventory Disclosure | Inventories
| As of
(in millions) | March 31, 2025 |  | December 31, 2024
Finished goods | $ | 1,805 |  |  | $ | 1,798 |
Work-in-process | 218 |  |  | 193 |
Raw materials | 843 |  |  | 819 |
| $ | 2,867 |  |  | $ | 2,810 |
Schedule of Other Current Assets | Other current assets
| As of
(in millions) | March 31, 2025 |  | December 31, 2024
Restricted cash and restricted cash equivalents | $ | 103 |  |  | $ | 111 |
Derivative assets | 221 |  |  | 305 |
Other | 432 |  |  | 414 |
| $ | 756 |  |  | $ | 831 |
Property, plant and equipment, net | Property, plant and equipment, net
| As of
(in millions) | March 31, 2025 |  | December 31, 2024
Land | $ | 145 |  |  | $ | 144 |
Buildings and improvements | 2,096 |  |  | 2,019 |
Equipment, furniture and fixtures | 3,781 |  |  | 3,630 |
Capital in progress | 1,009 |  |  | 1,035 |
| 7,031 |  |  | 6,827 |
Less: accumulated depreciation | 3,642 |  |  | 3,533 |
| $ | 3,389 |  |  | $ | 3,294 |
Schedule of Other Assets | Other long-term assets
| As of
(in millions) | March 31, 2025 |  | December 31, 2024
Restricted cash equivalents | $ | 91 |  |  | $ | 80 |
Operating lease right-of-use assets | 448 |  |  | 449 |
Derivative assets | 11 |  |  | 79 |
Investments | 655 |  |  | 555 |
Indemnification asset | 187 |  |  | 188 |
Other | 443 |  |  | 402 |
| $ | 1,834 |  |  | $ | 1,754 |
Schedule of Accrued Liabilities | Accrued expenses
| As of
(in millions) | March 31, 2025 |  | December 31, 2024
Legal reserves | $ | 137 |  |  | $ | 177 |
Payroll and related liabilities | 927 |  |  | 1,288 |
Rebates | 519 |  |  | 494 |
Contingent consideration | 114 |  |  | 63 |
Other | 657 |  |  | 751 |
| $ | 2,354 |  |  | $ | 2,773 |
Other Current Liabilities | Other current liabilities
| As of
(in millions) | March 31, 2025 |  | December 31, 2024
Deferred revenue | $ | 306 |  |  | $ | 306 |
Taxes payable | 315 |  |  | 268 |
Other | 302 |  |  | 313 |
| $ | 923 |  |  | $ | 887 |
Other long-term liabilities | Other long-term liabilities
| As of
(in millions) | March 31, 2025 |  | December 31, 2024
Legal reserves | $ | 180 |  |  | $ | 149 |
Accrued income taxes | 361 |  |  | 357 |
Contingent consideration | 100 |  |  | 108 |
Operating lease liabilities | 399 |  |  | 401 |
Deferred revenue | 335 |  |  | 329 |
Other | 572 |  |  | 527 |
| $ | 1,946 |  |  | $ | 1,870 |

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