v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and Cash Equivalents $ 943 $ 916
Restricted Cash 60 59
Accounts Receivable, Net of Allowance for Credit Losses of $9 at June 30, 2025 and $8 at December 31, 2024 1,177 1,261
Inventories, Net 881 880
Other Current Assets 267 286
Total Current Assets 3,328 3,402
Property, Plant and Equipment, Net of Accumulated Depreciation of $1,070 at June 30, 2025 and $940 at December 31, 2024 1,136 1,061
Intangibles, Net of Accumulated Amortization of $828 at June 30, 2025 and $793 at December 31, 2024 305 325
Operating Lease Assets 124 124
Other Non-Current Assets 248 247
Total Assets 5,141 5,159
Liabilities:    
Current Portion of Long-term Debt 26 17
Accounts Payable 685 792
Accrued Salaries and Benefits 252 302
Income Taxes Payable 112 129
Current Portion of Operating Lease Liabilities 47 44
Other Current Liabilities 381 412
Total Current Liabilities 1,503 1,696
Long-term Debt 1,565 1,617
Operating Lease Liabilities 109 110
Non-current Taxes Payable 268 274
Other Non-Current Liabilities 177 179
Total Liabilities 3,622 3,876
Shareholders’ Equity:    
Ordinary Shares - Par Value $0.001; Authorized 1,356 shares, Issued and Outstanding 71.8 shares at June 30, 2025 and 72.1 at December 31, 2024 0 0
Capital in Excess of Par Value 2,810 2,921
Retained Deficit (1,311) (1,486)
Accumulated Other Comprehensive Income (Loss) 11 (150)
Shareholders’ Equity 1,510 1,285
Noncontrolling Interests 9 (2)
Total Shareholders’ Equity 1,519 1,283
Total Liabilities and Shareholders’ Equity $ 5,141 $ 5,159