Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,099 $ 1,275
Trade and other receivables, net of allowance for credit losses of $92 million and $111 million, respectively 952 1,394
Inventory, net 1,229 1,346
Indemnification agreement receivable 21 50
Other current assets 184 210
Total current assets 3,485 4,275
Property and equipment, net 506 570
Intangible assets not subject to amortization (note 5):    
Goodwill 3,457 3,501
Trademarks 2,698 2,718
Intangible assets not subject to amortization 6,155 6,219
Intangible assets subject to amortization, net (note 5) 567 612
Operating lease right-of-use assets 577 585
Other assets, at cost, net of accumulated amortization 147 310
Total assets 11,437 12,571
Current liabilities:    
Accounts payable 813 976
Accrued liabilities 804 1,133
Current portion of debt, $307 million and $614 million measured at fair value (note 6) 730 828
Other current liabilities 109 162
Total current liabilities 2,456 3,099
Long-term debt (note 6) 4,835 5,525
Deferred income tax liabilities 1,515 1,440
Preferred stock (note 7) 1,270 1,266
Operating lease liabilities 539 518
Other liabilities 129 198
Total liabilities 10,744 12,046
Stockholders' equity:    
Additional paid-in capital 90 53
Accumulated other comprehensive earnings (loss), net of taxes 28 18
Retained earnings 468 337
Total stockholders' equity 590 412
Noncontrolling interests in equity of subsidiaries 103 113
Total equity 693 525
Commitments and contingencies (note 8)
Total liabilities and equity 11,437 12,571
Common Class A    
Stockholders' equity:    
Common stock value 4 4
Common Class B    
Stockholders' equity:    
Common stock value
Common Class C    
Stockholders' equity:    
Common stock value