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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 1,230 $ 1,158
Accounts receivable, net of allowance for credit losses of $29 and $28 as of March 31, 2021 and December 31, 2020, respectively 1,382 1,520
Inventories 223 223
Prepaid expenses and other current assets 164 157
Total current assets 2,999 3,058
Property, plant and equipment, net 1,624 1,627
Operating lease right-of-use assets 600 604
Goodwill 6,870 6,873
Intangible assets, net 1,141 1,167
Investments in equity method investees 527 521
Other assets 170 176
Total assets 13,931 14,026
Liabilities and Stockholders' Equity    
Accounts payable and accrued expenses 1,559 1,633
Current portion of long-term debt 2 2
Current portion of long-term operating lease liabilities 146 141
Total current liabilities 1,707 1,776
Long-term debt 4,010 4,013
Long-term operating lease liabilities 503 499
Other liabilities 842 847
Commitments and contingencies
Redeemable noncontrolling interest 79 82
Quest Diagnostics stockholders’ equity:    
Common stock, par value $0.01 per share; 600 shares authorized as of both March 31, 2021 and December 31, 2020; 217 shares issued as of both March 31, 2021 and December 31, 2020 2 2
Additional paid-in capital 2,824 2,841
Retained earnings 9,690 9,303
Accumulated other comprehensive loss (31) (21)
Treasury stock, at cost; 86 and 84 shares as of March 31, 2021 and December 31, 2020, respectively (5,740) (5,366)
Total Quest Diagnostics stockholders' equity 6,745 6,759
Noncontrolling interests 45 50
Total stockholders' equity 6,790 6,809
Total liabilities and stockholders' equity $ 13,931 $ 14,026