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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Jun. 30, 2020
Current assets:      
Cash and cash equivalents $ 531 $ 563 $ 1,067
Trade receivables, net of allowance of $32 million, $33 million, and $30 million at June 30, 2021, December 31, 2020 and June 30, 2020 855 623 696
Inventories 796 841 1,004
Prepaid expenses and other current assets 217 270 245
Total current assets 2,399 2,297 3,012
Property, plant and equipment, net 2,842 2,907 2,976
Goodwill 1,932 1,951 1,806
Intangibles, net 309 325 314
Other assets 1,392 1,402 1,471
Total assets 8,874 8,882 9,579
Current liabilities:      
Accounts payable 1,038 1,126 916
Short-term loans and long-term debt due within one year 85 197 404
Other liabilities 564 575 566
Total current liabilities 1,687 1,898 1,886
Long-term debt 4,977 4,945 6,103
Paddock support agreement liability 625 471 471
Other long-term liabilities 1,083 1,167 1,077
Share owners' equity 502 401 42
Total liabilities and share owners' equity $ 8,874 $ 8,882 $ 9,579