Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 555 $ 673
Trade and other receivables, net of allowance for doubtful accounts of $139 million and $129 million, respectively 1,440 1,854
Inventory, net 1,433 1,413
Other current assets 320 636
Total current assets 3,748 4,576
Investments in equity securities 72 76
Property and equipment, net 1,317 1,351
Intangible assets not subject to amortization (note 5):    
Goodwill 6,563 6,576
Trademarks 3,168 3,168
Intangible assets not subject to amortization 9,731 9,744
Intangible assets subject to amortization, net (note 5) 886 955
Other assets, at cost, net of accumulated amortization 756 603
Total assets 16,510 17,305
Current liabilities:    
Accounts payable 844 1,091
Accrued liabilities 907 1,173
Current portion of debt, including $888 million and $1,557 million measured at fair value (note 6) 888 1,557
Other current liabilities 174 180
Total current liabilities 2,813 4,001
Long-term debt, including $444 and $0 million measured at fair value (note 6) 6,157 5,855
Deferred income tax liabilities 1,723 1,716
Other liabilities 716 761
Total liabilities 11,409 12,333
Stockholders' equity:    
Preferred stock, $.01 par value. Authorized 50,000,000 shares; no shares issued
Additional paid-in capital 9
Accumulated other comprehensive earnings (loss), net of taxes 88 (55)
Retained earnings 4,871 4,891
Total stockholders' equity 4,972 4,840
Noncontrolling interests in equity of subsidiaries 129 132
Total equity 5,101 4,972
Commitments and contingencies (note 7)
Total liabilities and equity 16,510 17,305
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