XML 17 R3.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Assets:    
Cash and cash equivalents $ 233 $ 198
Accounts receivable, net 892 878
Inventories 1,587 1,400
Prepaid expenses and other current assets 334 299
Total current assets 3,046 2,775
Property, plant and equipment, net 1,178 1,157
Operating lease assets 465 466
Goodwill 3,059 3,038
Other intangible assets, net 2,006 2,008
Deferred income taxes 799 806
Other assets 726 754
Total assets 11,279 11,004
Liabilities:    
Accounts payable 1,050 891
Other accrued liabilities 1,240 1,459
Short-term debt and current portion of long-term debt 397 87
Total current liabilities 2,687 2,437
Long-term debt 4,523 4,508
Deferred income taxes 184 178
Operating lease liabilities 432 418
Other noncurrent liabilities 763 712
Total liabilities 8,589 8,253
Commitments and contingencies (Footnote 14)
Stockholders’ equity:    
Preferred stock (10.0 authorized shares, $1.00 par value, no shares issued at March 31, 2025 and December 31, 2024) 0 0
Common stock (800.0 authorized shares, $1.00 par value, 444.7 shares and 442.3 shares issued at March 31, 2025 and December 31, 2024, respectively) 445 442
Treasury stock, at cost (27.0 shares and 26.2 shares at March 31, 2025 and December 31, 2024, respectively) (639) (634)
Additional paid-in capital 6,847 6,866
Retained deficit (2,979) (2,942)
Accumulated other comprehensive loss (984) (981)
Total stockholders’ equity 2,690 2,751
Total liabilities and stockholders’ equity $ 11,279 $ 11,004