Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.19.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 605 $ 653
Trade and other receivables, net of allowance for doubtful accounts of $117 million and $117 million, respectively 1,260 1,835
Inventory, net 1,674 1,474
Other current assets 290 224
Total current assets 3,829 4,186
Investments in equity securities 101 96
Property and equipment, net 1,321 1,322
Intangible assets not subject to amortization (note 6):    
Goodwill 6,559 7,017
Trademarks 3,315 3,895
Intangible assets not subject to amortization 9,874 10,912
Intangible assets subject to amortization, net (note 6) 1,009 1,058
Other assets, at cost, net of accumulated amortization 845 267
Total assets 16,979 17,841
Current liabilities:    
Accounts payable 1,013 1,204
Accrued liabilities 927 1,182
Current portion of debt, including $1,202 million and $990 million measured at fair value (note 7) 1,202 1,410
Other current liabilities 209 155
Total current liabilities 3,351 3,951
Long-term debt, including $425 million and $344 million measured at fair value (note 7) 6,338 5,963
Deferred income tax liabilities 1,757 1,925
Other liabilities 764 258
Total liabilities 12,210 12,097
Stockholders' equity:    
Preferred stock, $.01 par value. Authorized 50,000,000 shares; no shares issued
Additional paid-in capital
Accumulated other comprehensive earnings (loss), net of taxes (95) (55)
Retained earnings 4,734 5,675
Total stockholders' equity 4,643 5,624
Noncontrolling interests in equity of subsidiaries 126 120
Total equity 4,769 5,744
Commitments and contingencies (note 9)
Total liabilities and equity 16,979 17,841
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