Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,483 $ 1,275
Trade and other receivables, net of allowance for credit losses of $93 million and $111 million, respectively 931 1,394
Inventory, net 1,168 1,346
Indemnification agreement receivable 10 50
Other current assets 167 210
Total current assets 3,759 4,275
Property and equipment, net 513 570
Intangible assets not subject to amortization (note 5):    
Goodwill 3,482 3,501
Trademarks 2,698 2,718
Intangible assets not subject to amortization 6,180 6,219
Intangible assets subject to amortization, net (note 5) 610 612
Operating lease right-of-use assets 585 585
Other assets, at cost, net of accumulated amortization 152 310
Total assets 11,799 12,571
Current liabilities:    
Accounts payable 697 976
Accrued liabilities 843 1,133
Current portion of debt, $287 million and $614 million measured at fair value (note 6) 710 828
Other current liabilities 147 162
Total current liabilities 2,397 3,099
Long-term debt (note 6) 5,268 5,525
Deferred income tax liabilities 1,478 1,440
Preferred stock (note 7) 1,269 1,266
Operating lease liabilities 544 518
Other liabilities 116 198
Total liabilities 11,072 12,046
Stockholders' equity:    
Additional paid-in capital 79 53
Accumulated other comprehensive earnings (loss), net of taxes 71 18
Retained earnings 467 337
Total stockholders' equity 621 412
Noncontrolling interests in equity of subsidiaries 106 113
Total equity 727 525
Commitments and contingencies (note 8)
Total liabilities and equity 11,799 12,571
Common Class A    
Stockholders' equity:    
Common stock value 4 4
Common Class B    
Stockholders' equity:    
Common stock value
Common Class C    
Stockholders' equity:    
Common stock value