v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Assets:    
Cash and cash equivalents $ 219 $ 198
Accounts receivable, net 1,081 878
Inventories 1,515 1,400
Prepaid expenses and other current assets 296 299
Total current assets 3,111 2,775
Property, plant and equipment, net 1,204 1,157
Operating lease assets 474 466
Goodwill 3,103 3,038
Other intangible assets, net 2,025 2,008
Deferred income taxes 820 806
Other assets 770 754
Total assets 11,507 11,004
Liabilities:    
Accounts payable 885 891
Other accrued liabilities 1,352 1,459
Short-term debt and current portion of long-term debt 542 87
Total current liabilities 2,779 2,437
Long-term debt 4,535 4,508
Deferred income taxes 117 178
Operating lease liabilities 442 418
Other noncurrent liabilities 942 712
Total liabilities 8,815 8,253
Commitments and contingencies (Footnote 14)
Stockholders’ equity:    
Preferred stock (10.0 authorized shares, $1.00 par value, no shares issued at June 30, 2025 and December 31, 2024) 0 0
Common stock (800.0 authorized shares, $1.00 par value, 445.0 shares and 442.3 shares issued at June 30, 2025 and December 31, 2024, respectively) 445 442
Treasury stock, at cost (27.1 shares and 26.2 shares at June 30, 2025 and December 31, 2024, respectively) (640) (634)
Additional paid-in capital 6,834 6,866
Retained deficit (2,933) (2,942)
Accumulated other comprehensive loss (1,014) (981)
Total stockholders’ equity 2,692 2,751
Total liabilities and stockholders’ equity $ 11,507 $ 11,004