Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 1,173	$ 607
Receivables, net	1,783	1,528
Inventories	1,673	1,626
Prepaid expenses and other current assets	254	241
Total current assets	4,883	4,002
Goodwill	4,593	4,430
Intangible assets	1,880	2,015
Property, plant and equipment, net	4,198	3,887
Operating lease right-of-use assets	214	204
Other non-current assets	902	967
Total	16,670	15,505
Current liabilities
Short-term debt	121	75
Current maturities of long-term debt	67	62
Current portion of operating lease liabilities	55	51
Accounts payable	2,845	2,646
Accrued liabilities	1,173	1,065
Total current liabilities	4,261	3,899
Long-term debt, excluding current maturities	8,023	7,818
Postretirement and pension liabilities	762	683
Non-current portion of operating lease liabilities	164	156
Other non-current liabilities	856	857
Commitments and contingent liabilities (Note O)
Equity
Noncontrolling interests	406	379
Preferred stock, authorized: 30,000,000; none issued (Note S)	0	0
Common stock, par value: $5.00; authorized: 500,000,000 shares; issued: 185,744,072 shares (Note T)	929	929
Additional paid-in capital	179	207
Accumulated earnings	4,538	3,959
Accumulated other comprehensive loss	(3,193)	(3,131)
Treasury stock at par value (2020 - 50,943,042 shares; 2019 - 50,166,194 shares)	(255)	(251)
Crown Holdings shareholders’ equity	2,198	1,713
Total equity	2,604	2,092
Total	$ 16,670	$ 15,505

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).