Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,210 $ 1,121
Trade and other receivables, net of allowance for credit losses of $86 million and $102 million, respectively 897 1,308
Inventory, net 1,122 1,044
Other current assets 187 209
Total current assets 3,416 3,682
Property and equipment, net 488 512
Intangible assets not subject to amortization (note 5):    
Goodwill 3,126 3,164
Trademarks 2,698 2,698
Intangible assets not subject to amortization 5,824 5,862
Intangible assets subject to amortization, net (note 5) 457 526
Operating lease right-of-use assets 619 635
Other assets, at cost, net of accumulated amortization 135 151
Total assets 10,939 11,368
Current liabilities:    
Accounts payable 762 895
Accrued liabilities 787 983
Current portion of debt, $271 million and $219 million measured at fair value (note 6) 856 642
Other current liabilities 138 97
Total current liabilities 2,543 2,617
Long-term debt (note 6) 4,483 4,698
Deferred income tax liabilities 1,468 1,531
Preferred stock (note 7) 1,272 1,270
Operating lease liabilities 612 615
Other liabilities 140 148
Total liabilities 10,518 10,879
Stockholders' equity:    
Additional paid-in capital 115 99
Accumulated other comprehensive earnings (loss), net of taxes (6) 86
Retained earnings 215 196
Total stockholders' equity 328 385
Noncontrolling interests in equity of subsidiaries 93 104
Total equity 421 489
Commitments and contingencies (note 8)
Total liabilities and equity 10,939 11,368
Series A common stock    
Stockholders' equity:    
Common stock value 4 4
Series B common stock    
Stockholders' equity:    
Common stock value
Series C common stock    
Stockholders' equity:    
Common stock value