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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 884 $ 966
Short-term investments 1 76
Trade accounts receivable, net of allowance for doubtful accounts of $11 and $4 at September 30, 2022 and December 31, 2021, respectively 730 443
Inventories 961 577
Other current assets 215 85
Total current assets 2,791 2,147
Property, plant and equipment, net 655 326
Right-of-use assets 235 184
Goodwill 3,851 1,228
Intangible assets, net 3,653 576
Other assets 187 79
Total assets 11,372 4,540
Current liabilities:    
Short-term debt 95 9
Accounts payable 410 168
Accrued compensation 92 132
Income taxes payable 92 25
Lease liabilities 27 18
Deferred revenue and customer advances 103 37
Other current liabilities 192 71
Total current liabilities 1,011 460
Long-term debt, net 4,893 808
Non-current deferred taxes 893 99
Non-current accrued compensation 131 49
Non-current lease liabilities 220 193
Other non-current liabilities 75 44
Total liabilities 7,223 1,653
Commitments and contingencies (Note 18)
Stockholders’ equity:    
Preferred Stock, $0.01 par value per share, 2 shares authorized; none issued and outstanding 0 0
Common Stock, no par value, 200 shares authorized; 66.5 and 55.5 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively 0 0
Additional paid-in capital 2,124 907
Retained earnings 2,233 1,991
Accumulated other comprehensive loss (208) (11)
Total stockholders’ equity 4,149 2,887
Total liabilities and stockholders’ equity $ 11,372 $ 4,540