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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,191 $ 1,121
Receivables, less allowances for discounts, returns and credit losses of $66 and $59 in 2025 and 2024, respectively 1,803 1,668
Inventories 1,035 996
Prepaid and other current assets 254 236
Assets held for sale 158 77
Total current assets 4,441 4,098
Property, plant and equipment, net 1,141 1,152
Goodwill 8,280 7,980
Other intangible assets, net 2,319 2,379
Other non-current assets 1,114 884
Total assets 17,295 16,493
Current liabilities:    
Accounts payable 968 1,006
Accrued and other current liabilities 1,172 1,271
Short-term borrowings and current maturities of long-term debt 49 38
Liabilities held for sale 80 21
Total current liabilities 2,269 2,336
Long-term debt 1,913 1,978
Accrued post-retirement benefit obligations 323 304
Deferred income tax liabilities 492 497
Other non-current accrued liabilities 853 496
Total liabilities 5,850 5,611
Commitments and contingencies (Note 18)
Redeemable non-controlling interest 226 235
Stockholders’ equity:    
Authorized 750.0 shares, issued 259.8 shares and 259.2 shares in 2025 and 2024, respectively 3 3
Capital in excess of par value 8,735 8,687
Retained earnings 3,469 3,140
Treasury stock – at cost 16.3 shares and 16.2 shares in 2025 and 2024, respectively (767) (753)
Accumulated other comprehensive loss (233) (435)
Total stockholders’ equity 11,207 10,642
Non-controlling interests 12 5
Total equity 11,219 10,647
Total liabilities, redeemable non-controlling interest, and stockholders’ equity $ 17,295 $ 16,493