Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 806 $ 673
Trade and other receivables, net 1,640 1,854
Inventory, net 1,301 1,413
Indemnification agreement receivable 345 202
Other current assets 473 434
Total current assets 4,565 4,576
Property and equipment, at cost 2,989 2,806
Accumulated depreciation (1,689) (1,455)
Property and equipment, net 1,300 1,351
Intangible assets not subject to amortization (note 6):    
Goodwill 6,638 6,576
Tradenames 3,168 3,168
Intangible assets not subject to amortization 9,806 9,744
Intangible assets subject to amortization, net (note 6) 779 955
Other assets, at cost, net of accumulated amortization 549 679
Total assets 16,999 17,305
Current liabilities:    
Accounts payable 1,305 1,091
Accrued liabilities 1,418 1,173
Current portion of debt, including $1,750 million and $1,557 million measured at fair value (note 7) 1,750 1,557
Other current liabilities 231 180
Total current liabilities 4,704 4,001
Long-term debt 5,186 5,855
Deferred income tax liabilities (note 9) 1,359 1,716
Preferred stock (note 10) 1,249  
Other liabilities 768 761
Total liabilities 13,266 12,333
Stockholders' equity (note 10):    
Accumulated other comprehensive earnings (loss), net of taxes 72 (55)
Retained earnings 3,522 4,891
Total stockholders' equity 3,598 4,840
Noncontrolling interests in equity of subsidiaries 135 132
Total equity 3,733 4,972
Commitments and contingencies (note 15)
Total liabilities and equity 16,999 17,305
Common Class A    
Stockholders' equity (note 10):    
Common stock value 4 4
Common Class B    
Stockholders' equity (note 10):    
Common stock value