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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash, cash equivalents and restricted cash $ 816 $ 469
Trade receivables, net 1,801 1,624
Inventories 2,371 2,133
Assets held for sale 0 3,030
Prepaid expenses and other current assets 940 737
Total Current Assets 5,928 7,993
Property, plant and equipment, net 3,905 3,739
Goodwill 8,283 9,080
Other intangible assets, net 6,430 6,445
Operating lease right-of-use assets 620 573
Other assets 955 837
Total Assets 26,121 28,667
Current Liabilities:    
Short-term debt and current portion of long-term debt 500 1,413
Accounts payable 1,348 1,283
Accrued payroll and bonus 258 420
Dividends payable 102 102
Liabilities held for sale 0 332
Other current liabilities 975 783
Total Current Liabilities 3,183 4,333
Long-term debt 5,684 7,564
Retirement liabilities 180 167
Deferred income taxes 1,387 1,592
Operating lease liability 571 534
Other liabilities 680 566
Total Other Liabilities 8,502 10,423
Commitments and Contingencies
Shareholders' Equity:    
Common Stock, Value, Issued 35 35
Capital in excess of par value 19,916 19,917
Accumulated deficit (3,215) (2,605)
Accumulated other comprehensive loss (1,415) (2,527)
Treasury stock, at cost (19.4 and 20.0 shares as of June 30, 2025 and December 31, 2024, respectively) (917) (944)
Total Shareholders’ Equity 14,404 13,876
Non-controlling interests 32 35
Total Shareholders’ Equity including Non-controlling interests 14,436 13,911
Total Liabilities and Shareholders’ Equity $ 26,121 $ 28,667