Table 2: Condensed consolidated balance sheet (unaudited)
($ in millions) | As of | |||||||||||
December 31, 2022 | October 2, 2022 | December 31, 2021 | ||||||||||
ASSETS | ||||||||||||
Current assets: | ||||||||||||
Cash and cash equivalents | $ | 3,845 | $ | 3,759 | $ | 2,830 | ||||||
Accounts receivable, net | 960 | 1,012 | 923 | |||||||||
Inventories, net | 1,782 | 1,581 | 1,189 | |||||||||
Other current assets | 348 | 351 | 286 | |||||||||
Total current assets | 6,935 | 6,703 | 5,228 | |||||||||
Non-current assets: | ||||||||||||
Other non-current assets | 1,942 | 1,940 | 1,346 | |||||||||
Property, plant and equipment, net | 3,105 | 2,971 | 2,635 | |||||||||
Identified intangible assets, net | 1,311 | 1,417 | 1,694 | |||||||||
Goodwill | 9,943 | 9,909 | 9,961 | |||||||||
Total non-current assets | 16,301 | 16,237 | 15,636 | |||||||||
Total assets | 23,236 | 22,940 | 20,864 | |||||||||
LIABILITIES AND EQUITY | ||||||||||||
Current liabilities: | ||||||||||||
Accounts payable | 1,617 | 1,534 | 1,252 | |||||||||
Restructuring liabilities-current | 19 | 8 | 25 | |||||||||
Other current liabilities | 1,634 | 1,677 | 1,175 | |||||||||
Total current liabilities | 3,270 | 3,219 | 2,452 | |||||||||
Non-current liabilities: | ||||||||||||
Long-term debt | 11,165 | 11,162 | 10,572 | |||||||||
Restructuring liabilities | 1 | 12 | 12 | |||||||||
Deferred tax liabilities | 45 | 39 | 57 | |||||||||
Other non-current liabilities | 1,015 | 1,123 | 1,001 | |||||||||
Total non-current liabilities | 12,226 | 12,336 | 11,642 | |||||||||
Non-controlling interests | 291 | 279 | 242 | |||||||||
Stockholders’ equity | 7,449 | 7,106 | 6,528 | |||||||||
Total equity | 7,740 | 7,385 | 6,770 | |||||||||
Total liabilities and equity | 23,236 | 22,940 | 20,864 | |||||||||