Annual report pursuant to Section 13 and 15(d)

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.20.4
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2020
Summary of Significant Accounting Policies [Abstract]  
Cash, Cash Equivalents and Investments [Table Text Block]
The following table provides a summary of cash, cash equivalents, restricted cash and restricted cash equivalents that constitute the total amounts shown in the consolidated statements of cash flows (in millions):
December 31, 2020 2019 2018
Cash and cash equivalents $ 6,795  $ 6,480  $ 9,077 
Restricted cash and restricted cash equivalents included in other assets1
315  257  241 
Cash, cash equivalents, restricted cash and restricted cash equivalents $ 7,110  $ 6,737  $ 9,318 
1 Amounts represent restricted cash and restricted cash equivalents in our solvency capital portfolio set aside primarily to cover pension obligations in certain of our European and Canadian pension plans. Refer to Note 4.
Inventories [Table Text Block]
Inventories consisted of the following (in millions):
December 31, 2020 2019
Raw materials and packaging $ 2,106  $ 2,180 
Finished goods 791  851 
Other 369  348 
Total inventories $ 3,266  $ 3,379 
Property, Plant and Equipment [Table Text Block]
The following table summarizes our property, plant and equipment (in millions):
December 31, 2020 2019
Land $ 676  $ 659 
Buildings and improvements 4,782  4,576 
Machinery and equipment 14,242  13,686 
Property, plant and equipment — cost 19,700  18,921 
Less: Accumulated depreciation 8,923  8,083 
Property, plant and equipment — net $ 10,777  $ 10,838