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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 935 $ 650
Restricted cash 7 7
Trade receivables (net of allowances of $42 and $21, respectively) 2,059 929
Inventories:    
Raw materials 836 566
Work in process 304 38
Finished goods 1,324 528
Total Inventories 2,464 1,132
Prepaid expenses and other current assets 832 342
Total Current Assets 6,297 3,060
Property, plant and equipment, at cost 6,148 2,928
Accumulated depreciation (1,582) (1,470)
Total Property Plant and Equipment 4,566 1,458
Goodwill 17,250 5,593
Other intangible assets, net 11,448 2,727
Operating lease right-of-use assets 785 299
Other assets 518 418
Total Assets 40,864 13,555
Current Liabilities:    
Bank borrowings, overdrafts, and current portion of long-term debt 616 634
Accounts payable 1,389 556
Accrued payroll and bonus 241 133
Dividends payable 191 82
Other current liabilities 790 499
Total Current Liabilities 3,227 1,904
Long-term debt 11,354 3,779
Retirement liabilities 550 326
Deferred income taxes 2,674 593
Operating lease liability 682 265
Other liabilities 477 268
Total Other Liabilities 15,737 5,231
Commitments and Contingencies
Redeemable noncontrolling interests 100 98
Shareholders' Equity:    
Common stock 12 1/2¢ par value; 500,000,000 shares authorized; 270,266,598 shares issued as of June 30, 2021 and 128,526,137 shares issued as of December 31, 2020; and 249,050,541 and 106,937,990 shares outstanding as of June 30, 2021 and December 31, 2020, respectively 34 16
Capital in excess of par value 19,800 3,853
Retained earnings 3,759 4,156
Accumulated other comprehensive loss (834) (698)
Treasury stock, at cost (21,216,057 and 21,588,147 shares as of June 30, 2021 and December 31, 2020, respectively) (998) (1,017)
Total Shareholders’ Equity 21,761 6,310
Noncontrolling interest 39 12
Total Shareholders’ Equity including Noncontrolling interest 21,800 6,322
Total Liabilities and Shareholders’ Equity $ 40,864 $ 13,555