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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 1,065 $ 966
Short-term investments 2 76
Trade accounts receivable, net of allowance for doubtful accounts of $4 at June 30, 2022 and December 31, 2021 481 443
Inventories 689 577
Other current assets 112 85
Total current assets 2,349 2,147
Property, plant and equipment, net 377 326
Right-of-use assets 170 184
Goodwill 1,220 1,228
Intangible assets, net 544 576
Other assets 89 79
Total assets 4,749 4,540
Current liabilities:    
Short-term debt 11 9
Accounts payable 181 168
Accrued compensation 84 132
Income taxes payable 31 25
Lease liabilities 18 18
Deferred revenue and customer advances 51 37
Other current liabilities 81 71
Total current liabilities 457 460
Long-term debt, net 804 808
Non-current deferred taxes 101 99
Non-current accrued compensation 46 49
Non-current lease liabilities 180 193
Other non-current liabilities 32 44
Total liabilities 1,620 1,653
Commitments and contingencies (Note 18)
Stockholders’ equity:    
Preferred Stock, $0.01 par value per share, 2 shares authorized; none issued and outstanding
Common Stock, no par value, 200 shares authorized; 55.7 and 55.5 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively
Additional paid-in capital 923 907
Retained earnings 2,240 1,991
Accumulated other comprehensive loss (34) (11)
Total stockholders’ equity 3,129 2,887
Total liabilities and stockholders’ equity $ 4,749 $ 4,540