Table 2: Condensed consolidated balance sheet (unaudited)
| ($ in millions) | As of | |||||||||||
| April 2, 2023 | December 31, 2022 | April 3, 2022 | ||||||||||
| ASSETS | ||||||||||||
| Current assets: | ||||||||||||
| Cash and cash equivalents | $ | 3,930 | $ | 3,845 | $ | 2,683 | ||||||
| Accounts receivable, net | 1,063 | 960 | 925 | |||||||||
| Inventories, net | 1,977 | 1,782 | 1,311 | |||||||||
| Other current assets | 387 | 348 | 356 | |||||||||
| Total current assets | 7,357 | 6,935 | 5,275 | |||||||||
| Non-current assets: | ||||||||||||
| Other non-current assets | 2,095 | 1,942 | 1,701 | |||||||||
| Property, plant and equipment, net | 3,123 | 3,105 | 2,814 | |||||||||
| Identified intangible assets, net | 1,208 | 1,311 | 1,577 | |||||||||
| Goodwill | 9,949 | 9,943 | 9,954 | |||||||||
| Total non-current assets | 16,375 | 16,301 | 16,046 | |||||||||
| Total assets | 23,732 | 23,236 | 21,321 | |||||||||
| LIABILITIES AND EQUITY | ||||||||||||
| Current liabilities: | ||||||||||||
| Accounts payable 1) | 1,002 | 1,185 | 1,132 | |||||||||
| Restructuring liabilities-current | 27 | 19 | 16 | |||||||||
| Other current liabilities 1) | 2,186 | 2,066 | 1,697 | |||||||||
| Short-term debt | 998 | — | — | |||||||||
| Total current liabilities | 4,213 | 3,270 | 2,845 | |||||||||
| Non-current liabilities: | ||||||||||||
| Long-term debt | 10,169 | 11,165 | 10,573 | |||||||||
| Restructuring liabilities | 7 | 1 | 14 | |||||||||
| Deferred tax liabilities | 38 | 45 | 53 | |||||||||
| Other non-current liabilities | 1,057 | 1,015 | 1,076 | |||||||||
| Total non-current liabilities | 11,271 | 12,226 | 11,716 | |||||||||
| Non-controlling interests | 299 | 291 | 251 | |||||||||
| Stockholders’ equity | 7,949 | 7,449 | 6,509 | |||||||||
| Total equity | 8,248 | 7,740 | 6,760 | |||||||||
| Total liabilities and equity | 23,732 | 23,236 | 21,321 | |||||||||
| 1) | We have reclassified the following amounts related to customer programs previously presented in “Accounts payable” to “Other current liabilities”: $432 million as of December 31, 2022 and $237 million as of April 3, 2022, to conform to current period presentation. | |||||||||||
