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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 483 $ 711
Restricted cash 10 4
Receivables:    
Trade 1,871 1,952
Allowance for doubtful accounts (53) (46)
Inventories 3,151 2,516
Assets held for sale 1,200 1,122
Prepaid expenses and other current assets 770 728
Total Current Assets 7,432 6,987
Property, plant and equipment, net 4,203 4,368
Goodwill 13,355 16,414
Other intangible assets, net 9,082 10,506
Operating lease right-of-use assets 636 767
Other assets 699 616
Total Assets 35,407 39,658
Current Liabilities:    
Bank borrowings, overdrafts and current portion of long-term debt 410 308
Commercial paper 187 324
Accounts payable 1,418 1,532
Accrued payroll and bonus 267 335
Dividends payable 206 201
Liabilities held for sale 212 101
Other current liabilities 1,028 832
Total Current Liabilities 3,728 3,633
Other Liabilities:    
Long-term debt 10,373 10,768
Retirement liabilities 231 385
Deferred income taxes 2,265 2,518
Operating lease liabilities 565 670
Other liabilities 472 462
Total Other Liabilities 13,906 14,803
Commitments and Contingencies (Note 19)
Redeemable non-controlling interests 59 105
Shareholders’ Equity:    
Common stock, value, issued 35 35
Capital in excess of par value 19,841 19,826
Retained earnings 955 3,641
Accumulated other comprehensive loss (2,169) (1,423)
Treasury stock, value (978) (997)
Total Shareholders’ Equity 17,684 21,082
Non-controlling interest 30 35
Total Shareholders’ Equity including non-controlling interest 17,714 21,117
Total Liabilities and Shareholders’ Equity $ 35,407 $ 39,658