Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 673 $ 653
Trade and other receivables, net 1,854 1,835
Inventory, net 1,413 1,474
Other current assets 636 224
Total current assets 4,576 4,186
Investments in equity securities 76 96
Property and equipment, at cost 2,806 2,685
Accumulated depreciation (1,455) (1,363)
Property and equipment, net 1,351 1,322
Intangible assets not subject to amortization (note 7):    
Goodwill 6,576 7,017
Tradenames 3,168 3,895
Intangible assets not subject to amortization 9,744 10,912
Intangible assets subject to amortization, net (note 7) 955 1,058
Other assets, at cost, net of accumulated amortization 603 267
Total assets 17,305 17,841
Current liabilities:    
Accounts payable 1,091 1,204
Accrued liabilities 1,173 1,182
Current portion of debt, including $1,557 million and $990 million measured at fair value (note 8) 1,557 1,410
Other current liabilities 180 155
Total current liabilities 4,001 3,951
Long-term debt, including $0 and $344 million measured at fair value (note 8) 5,855 5,963
Deferred income tax liabilities (note 10) 1,716 1,925
Other liabilities 761 258
Total liabilities 12,333 12,097
Stockholders' equity (note 11):    
Preferred stock, $.01 par value. Authorized 50,000,000 shares; no shares issued
Accumulated other comprehensive earnings (loss), net of taxes (55) (55)
Retained earnings 4,891 5,675
Total stockholders' equity 4,840 5,624
Noncontrolling interests in equity of subsidiaries 132 120
Total equity 4,972 5,744
Commitments and contingencies (note 16)
Total liabilities and equity 17,305 17,841
Common Class A    
Stockholders' equity (note 11):    
Common stock value 4 4
Common Class B    
Stockholders' equity (note 11):    
Common stock value