Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 905 $ 1,121
Trade and other receivables, net 1,143 1,308
Inventory, net 1,061 1,044
Other current assets 190 209
Total current assets 3,299 3,682
Property and equipment 1,460 1,475
Accumulated depreciation (958) (963)
Property and equipment, net 502 512
Intangible assets not subject to amortization (note 5):    
Goodwill 2,217 3,164
Tradenames 2,120 2,698
Intangible assets not subject to amortization 4,337 5,862
Intangible assets subject to amortization, net (note 5) 402 526
Operating lease right-of-use assets (note 7) 600 635
Other assets, at cost, net of accumulated amortization 103 151
Total assets 9,243 11,368
Current liabilities:    
Accounts payable 776 895
Accrued liabilities 953 983
Current portion of debt, including $282 million and $219 million measured at fair value (note 6) 867 642
Other current liabilities 128 97
Total current liabilities 2,724 2,617
Long-term debt (note 6) 4,101 4,698
Deferred income tax liabilities (note 8) 1,313 1,531
Preferred stock (note 9) 1,272 1,270
Operating lease liabilities (note 7) 598 615
Other liabilities 120 148
Total liabilities 10,128 10,879
Stockholders' equity (note 9):    
Additional paid-in capital 134 99
Accumulated other comprehensive earnings (loss), net of taxes (15) 86
Retained earnings (1,094) 196
Total stockholders' equity (971) 385
Noncontrolling interests in equity of subsidiaries 86 104
Total equity (885) 489
Commitments and contingencies (note 14)
Total liabilities and equity 9,243 11,368
Series A common stock    
Stockholders' equity (note 9):    
Common stock value 4 4
Series B common stock    
Stockholders' equity (note 9):    
Common stock value