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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 613 $ 469
Trade receivables, net 1,742 1,624
Inventories 2,249 2,133
Assets held for sale 3,254 3,030
Prepaid expenses and other current assets 775 737
Total Current Assets 8,633 7,993
Property, plant and equipment, net 3,771 3,739
Goodwill 8,030 9,080
Other intangible assets, net 6,383 6,445
Operating lease right-of-use assets 579 573
Other assets 869 837
Total Assets 28,265 28,667
Current Liabilities:    
Short-term debt and current portion of long-term debt 1,689 1,413
Accounts payable 1,325 1,283
Accrued payroll and bonus 216 420
Dividends payable 102 102
Liabilities held for sale 443 332
Other current liabilities 832 783
Total Current Liabilities 4,607 4,333
Long-term debt 7,601 7,564
Retirement liabilities 174 167
Deferred income taxes 1,543 1,592
Operating lease liability 535 534
Other liabilities 592 566
Total Other Liabilities 10,445 10,423
Commitments and Contingencies
Shareholders' Equity:    
Common Stock, Value, Issued 35 35
Capital in excess of par value 19,932 19,917
Accumulated deficit (3,725) (2,605)
Accumulated other comprehensive loss (2,123) (2,527)
Treasury stock, at cost (20.0 and 20.0 shares as of March 31, 2025 and December 31, 2024, respectively) (942) (944)
Total Shareholders’ Equity 13,177 13,876
Non-controlling interests 36 35
Total Shareholders’ Equity including Non-controlling interests 13,213 13,911
Total Liabilities and Shareholders’ Equity $ 28,265 $ 28,667