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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Millions
 12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Cash Flows From Operating Activities      
Net loss $ (611) $ (212) $ (937)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization of intangible assets 1,264 1,394 1,552
Amortization and write-off of debt discounts and debt issuance costs 65 99 55
Asset impairments, including loss on assets held for sale 54 15 234
Goodwill impairment 493 824 469
Acquisition-related contingent consideration 59 29 11
Allowances for losses on trade receivables and inventories 56 51 60
Deferred income taxes 51 (176) (225)
Net gain on sale of assets (3) (5) (2)
Additions to accrued legal settlements 26 9 569
Payments of accrued legal settlements (10) (1,572) (351)
Share-based compensation 132 126 128
Gain excluded from hedge effectiveness (13) (6) (20)
Gain on extinguishment of debt (1) (875) 62
Third party fees paid in connection with the Exchange Offer (2) (34) 0
Payments of contingent consideration adjustments, including accretion (10) (2) (16)
Amortization of interim contract and inventory step-up resulting from acquisitions 23 0 0
Foreign exchange and other 41 3 (35)
Changes in operating assets and liabilities:      
Trade receivables (195) (57) (229)
Inventories (322) (198) (16)
Prepaid expenses and other current assets (223) (66) (4)
Accounts payable, accrued and other liabilities 158 (75) 121
Net cash provided by (used in) operating activities 1,032 (728) 1,426
Cash Flows From Investing Activities      
Acquisition of businesses, net of cash acquired (1,890) (45) 0
Acquisition of intangible assets and other assets (57) (50) (14)
Purchases of property, plant and equipment (215) (218) (269)
Purchases of marketable securities (27) (17) (19)
Proceeds from sale of marketable securities 26 22 15
Proceeds from sale of assets and businesses, net of costs to sell 5 5 669
Interest settlements from cross-currency swaps 13 0 27
Net cash (used in) provided by investing activities (2,145) (303) 409
Cash Flows From Financing Activities      
Issuance of long-term debt, net of discounts 3,291 6,836 2,100
Repayments of long-term debt (1,710) (7,846) (3,440)
Proceeds from B+L initial public offering, net of costs 0 675 0
Payment of employee withholding taxes related to share-based awards (24) (31) (52)
Payments of acquisition-related contingent consideration (35) (26) (83)
Payments of financing costs (36) (71) (48)
Other (11) (11) 10
Net cash provided by (used in) financing activities 1,475 (474) (1,513)
Effect of exchange rate changes on cash and cash equivalents 9 (23) (19)
Net increase (decrease) in cash, cash equivalents, restricted cash and other settlement deposits 371 (1,528) 303
Cash, cash equivalents, restricted cash and other settlement deposits, beginning of period 591 2,119 1,816
Cash, cash equivalents, restricted cash and other settlement deposits, end of period 962 591 2,119
Cash and cash equivalents, end of year 947 564 582
Restricted cash and other settlement deposits, end of year 15 27 1,537
Cash, cash equivalents, restricted cash and other settlement deposits, end of period $ 962 $ 591 $ 2,119