Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 1,275 $ 587
Trade and other receivables, net 1,394 1,679
Inventory, net 1,346 1,623
Indemnification agreement receivable 50 324
Other current assets 210 235
Total current assets 4,275 4,448
Property and equipment 1,661 2,601
Accumulated depreciation (1,091) (1,571)
Property and equipment, net 570 1,030
Intangible assets not subject to amortization (note 5):    
Goodwill 3,501 6,339
Tradenames 2,718 3,038
Intangible assets not subject to amortization 6,219 9,377
Intangible assets subject to amortization, net (note 5) 612 745
Operating lease right-of-use assets (note 7) 585 351
Other assets, at cost, net of accumulated amortization 310 251
Total assets 12,571 16,202
Current liabilities:    
Accounts payable 976 1,429
Accrued liabilities 1,133 1,236
Current portion of debt, including $614 million and $1,315 million measured at fair value (note 6) 828 1,315
Other current liabilities 162 244
Total current liabilities 3,099 4,224
Long-term debt (note 6) 5,525 5,674
Deferred income tax liabilities (note 8) 1,440 1,350
Preferred stock (note 9) 1,266 1,261
Operating lease liabilities (note 7) 518 303
Other liabilities 198 404
Total liabilities 12,046 13,216
Stockholders' equity (note 9):    
Additional paid-in capital 53  
Accumulated other comprehensive earnings (loss), net of taxes 18 (79)
Retained earnings 337 2,925
Total stockholders' equity 412 2,850
Noncontrolling interests in equity of subsidiaries 113 136
Total equity 525 2,986
Commitments and contingencies (note 14)
Total liabilities and equity 12,571 16,202
Common Class A    
Stockholders' equity (note 9):    
Common stock value 4 4
Common Class B    
Stockholders' equity (note 9):    
Common stock value