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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 697 $ 714
Trade accounts receivable, net of allowance for doubtful accounts of $5 at both September 30, 2025 and December 31, 2024 611 615
Inventories 934 893
Other current assets 294 252
Total current assets 2,536 2,474
Property, plant and equipment, net 769 771
Right-of-use assets 275 238
Goodwill 2,563 2,479
Intangible assets, net 2,196 2,272
Other assets 438 356
Total assets 8,777 8,590
Current liabilities:    
Short-term debt 51 50
Accounts payable 382 341
Other current liabilities 453 384
Total current liabilities 886 775
Long-term debt, net 4,253 4,488
Non-current deferred taxes 483 504
Non-current accrued compensation 154 141
Non-current lease liabilities 250 211
Other non-current liabilities 151 149
Total liabilities 6,177 6,268
Commitments and contingencies (Note 17)
Stockholders’ equity:    
Preferred stock, $0.01 par value, 2 shares authorized; no shares issued and outstanding
Common stock, no par value, 200 shares authorized; 67.2 and 67.4 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 0 0
Additional paid-in capital 2,090 2,067
Retained earnings 618 503
Accumulated other comprehensive loss (108) (248)
Total stockholders’ equity 2,600 2,322
Total liabilities and stockholders’ equity $ 8,777 $ 8,590