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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 339 $ 438
Accounts and notes receivable-trade, net 750 667
Inventories, net 515 476
Prepaid expenses and other current assets 248 217
Total Current Assets 1,852 1,798
Property, plant and equipment, net 773 791
Operating lease right-of-use assets, net 198 176
Identifiable intangible assets, net 2,319 2,504
Goodwill, net 3,976 3,986
Other noncurrent assets 121 95
Total Assets 9,239 9,350
Current Liabilities:    
Accounts payable 262 302
Accrued liabilities 760 712
Income taxes payable 57 59
Notes payable and current portion of long-term debt 182 299
Total Current Liabilities 1,261 1,372
Long-term debt 1,913 1,978
Operating lease liabilities 149 130
Deferred income taxes 391 381
Other noncurrent liabilities 528 554
Total Liabilities 4,242 4,415
Commitments and contingencies (Note 22)
Equity:    
Preferred stock, $1.00 par value; 0.25 million shares authorized; no shares issued 0 0
Common stock, $.01 par value; 400.0 million shares authorized at December 31, 2021 and 2020; 264.5 million shares issued at December 31, 2021 and 2020; 217.4 million and 218.7 million shares outstanding at December 31, 2021 and 2020, respectively 3 3
Capital in excess of par value 6,606 6,604
Retained earnings 1,514 1,198
Accumulated other comprehensive loss (592) (464)
Treasury stock, at cost, 47.1 million and 45.8 million shares at December 31, 2021 and 2020, respectively (2,535) (2,409)
Total Dentsply Sirona Equity 4,996 4,932
Noncontrolling interests 1 3
Total Equity 4,997 4,935
Total Liabilities and Equity $ 9,239 $ 9,350