Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 624 $ 587
Trade and other receivables, net of allowance for credit losses of $107 million and $107 million, respectively 1,027 1,679
Inventory, net 1,737 1,623
Indemnification agreement receivable   324
Other current assets 189 235
Total current assets 3,577 4,448
Property and equipment, net 594 1,030
Intangible assets not subject to amortization (note 5):    
Goodwill 3,430 6,339
Trademarks 2,718 3,038
Intangible assets not subject to amortization 6,148 9,377
Intangible assets not subject to amortization (note 5): 645 745
Other assets, at cost, net of accumulated amortization 832 602
Total assets 11,796 16,202
Current liabilities:    
Accounts payable 977 1,429
Accrued liabilities 940 1,236
Current portion of debt, $389 million and $1,315 million measured at fair value (note 6) 603 1,315
Other current liabilities 214 244
Total current liabilities 2,734 4,224
Long-term debt, $310 million and zero measured at fair value (note 6) 5,303 5,674
Deferred income tax liabilities 1,447 1,350
Preferred stock (note 7) 1,266 1,261
Other liabilities 698 707
Total liabilities 11,448 13,216
Stockholders' equity :    
Additional paid-in capital 38  
Accumulated other comprehensive earnings (loss), net of taxes (194) (79)
Retained earnings 387 2,925
Total stockholders' equity 235 2,850
Noncontrolling interests in equity of subsidiaries 113 136
Total equity 348 2,986
Commitments and contingencies (note 8)
Total liabilities and equity 11,796 16,202
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