Solventum Corp
For the period ended Mar 31, 2024. Filed May 10, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 10, 2024
SOLV$90.43+0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Combined Balance Sheets
| March 31, | December 31, | |
|---|---|---|
| (Millions) | 2024 | 2023 |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $996 | $194 |
| Receivables — net of allowances of $86 and $82 | 1,220 | 1,313 |
| Inventories | ||
| Finished goods | 490 | 453 |
| Work in process | 171 | 171 |
| Raw materials and supplies | 240 | 233 |
| Total inventories | 901 | 857 |
| Other current assets | 242 | 155 |
| Total current assets | 3,359 | 2,519 |
| Property, plant and equipment — net | 1,491 | 1,457 |
| Goodwill | 6,468 | 6,535 |
| Intangible assets — net | 2,810 | 2,902 |
| Other assets | 583 | 530 |
| Total assets | $14,711 | $13,943 |
| Liabilities | ||
| Current liabilities | ||
| Accounts payable | $587 | $477 |
| Unearned revenue | 566 | 574 |
| Other current liabilities | 701 | 677 |
| Total current liabilities | 1,854 | 1,728 |
| Long-term debt | 8,303 | — |
| Pension and postretirement benefits | 321 | 166 |
| Deferred income taxes | 211 | 231 |
| Other liabilities | 171 | 152 |
| Total liabilities | 10,860 | 2,277 |
| Commitments and contingencies (Note 9) | ||
| Equity | ||
| Net parent investment | 4,809 | 12,003 |
| Accumulated other comprehensive income (loss) — net | (958) | (337) |
| Total equity | 3,851 | 11,666 |
| Total liabilities and equity | $14,711 | $13,943 |
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