Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,286 $ 1,275
Trade and other receivables, net of allowance for credit losses of $107 million and $111 million, respectively 1,062 1,394
Inventory, net 1,326 1,346
Indemnification agreement receivable 29 50
Other current assets 183 210
Total current assets 3,886 4,275
Property and equipment, net 563 570
Intangible assets not subject to amortization (note 5):    
Goodwill 3,512 3,501
Trademarks 2,718 2,718
Intangible assets not subject to amortization 6,230 6,219
Intangible assets subject to amortization, net (note 5) 646 612
Operating lease right-of-use assets 643 585
Other assets, at cost, net of accumulated amortization 232 310
Total assets 12,200 12,571
Current liabilities:    
Accounts payable 819 976
Accrued liabilities 948 1,133
Current portion of debt, $319 million and $614 million measured at fair value (note 6) 319 828
Other current liabilities 176 162
Total current liabilities 2,262 3,099
Long-term debt (note 6) 5,796 5,525
Deferred income tax liabilities 1,474 1,440
Preferred stock (note 7) 1,269 1,266
Operating lease liabilities 582 518
Other liabilities 126 198
Total liabilities 11,509 12,046
Stockholders' equity:    
Additional paid-in capital 67 53
Accumulated other comprehensive earnings (loss), net of taxes 149 18
Retained earnings 358 337
Total stockholders' equity 578 412
Noncontrolling interests in equity of subsidiaries 113 113
Total equity 691 525
Commitments and contingencies (note 8)
Total liabilities and equity 12,200 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