Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 587 $ 806
Trade and other receivables, net 1,679 1,640
Inventory, net 1,623 1,301
Indemnification agreement receivable 324 345
Other current assets 235 473
Total current assets 4,448 4,565
Property and equipment 2,601 2,989
Accumulated depreciation (1,524) (1,689)
Property and equipment, net 1,077 1,300
Intangible assets not subject to amortization (note 5):    
Goodwill 6,339 6,638
Tradenames 3,038 3,168
Intangible assets not subject to amortization 9,377 9,806
Intangible assets subject to amortization, net (note 5) 745 779
Other assets, at cost, net of accumulated amortization 602 549
Total assets 16,249 16,999
Current liabilities:    
Accounts payable 1,429 1,305
Accrued liabilities 1,236 1,418
Current portion of debt, including $1,315 million and $1,750 million measured at fair value (note 6) 1,315 1,750
Other current liabilities 244 231
Total current liabilities 4,224 4,704
Long-term debt (note 6) 5,674 5,186
Deferred income tax liabilities (note 8) 1,353 1,359
Preferred stock (note 9) 1,261 1,249
Other liabilities 707 768
Total liabilities 13,219 13,266
Stockholders' equity :    
Accumulated other comprehensive earnings (loss), net of taxes (79) 72
Retained earnings 2,969 3,522
Total stockholders' equity 2,894 3,598
Noncontrolling interests in equity of subsidiaries 136 135
Total equity 3,030 3,733
Commitments and contingencies (note 14)
Total liabilities and equity 16,249 16,999
Common Class A    
Stockholders' equity :    
Common stock value 4 4
Common Class B    
Stockholders' equity :    
Common stock value