Annual report pursuant to Section 13 and 15(d)

BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.22.4
BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Cash, Cash Equivalents and Investments
The following table provides a summary of cash, cash equivalents, restricted cash and restricted cash equivalents that constitute the total amounts shown in our consolidated statements of cash flows (in millions):
December 31, 2022 2021 2020
Cash and cash equivalents $ 9,519  $ 9,684  $ 6,795 
Restricted cash and restricted cash equivalents1,2
 306  341  315 
Cash, cash equivalents, restricted cash and restricted cash equivalents $ 9,825  $ 10,025  $ 7,110 
1Amounts include cash and cash equivalents in our solvency capital portfolio, which are included in the line item other noncurrent assets in our consolidated balance sheets. Refer to Note 4.
2Amounts as of December 31, 2022 and 2021 include cash and cash equivalents related to assets held for sale, which are included in the line item prepaid expenses and other current assets in our consolidated balance sheets. Refer to Note 2.
Inventories
Inventories consisted of the following (in millions):
December 31, 2022 2021
Raw materials and packaging $ 2,627  $ 2,133 
Finished goods 1,247  982 
Other 359  299 
Total inventories $ 4,233  $ 3,414 
Property, Plant and Equipment
The following table summarizes our property, plant and equipment (in millions):
December 31, 2022 2021
Land $ 611  $ 652 
Buildings and improvements 4,434  4,349 
Machinery and equipment 14,030  13,861 
Property, plant and equipment — cost 19,075  18,862 
Less: Accumulated depreciation 9,234  8,942 
Property, plant and equipment — net $ 9,841  $ 9,920