v3.25.3

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 2,975	$ 3,019
Accounts receivable	2,518	2,536
Inventories of supplies, at cost	346	346
Assets held for sale	82	21
Other current assets	1,889	1,760
Total current assets	7,810	7,682
Investments and other assets	2,939	3,037
Deferred income taxes	72	80
Property and equipment, at cost, less accumulated depreciation and amortization ($6,196 at September 30, 2025 and $5,809 at December 31, 2024)	6,091	6,049
Goodwill	11,158	10,691
Other intangible assets, at cost, less accumulated amortization ($1,357 at September 30, 2025 and $1,288 at December 31, 2024)	1,348	1,397
Total assets	29,418	28,936
Current liabilities:
Current portion of long-term debt	85	92
Accounts payable	1,356	1,294
Accrued compensation and benefits	857	899
Professional and general liability reserves	287	238
Accrued interest payable	248	149
Liabilities held for sale	12	13
Income tax payable	28	18
Other current liabilities	1,687	1,607
Total current liabilities	4,560	4,310
Long-term debt, net of current portion	13,102	13,081
Professional and general liability reserves	891	900
Defined benefit plan obligations	296	298
Deferred income taxes	269	227
Other long-term liabilities	1,600	1,573
Total liabilities	20,718	20,389
Commitments and contingencies
Redeemable noncontrolling interests in equity of consolidated subsidiaries	2,917	2,727
Shareholders’ equity:
Common stock, $0.05 par value; authorized 262,500 shares; 158,585 shares issued at September 30, 2025 and 158,001 shares issued at December 31, 2024	8	8
Additional paid-in capital	4,872	4,873
Accumulated other comprehensive loss	(174)	(180)
Retained earnings	4,044	3,008
Common stock in treasury, at cost, 70,718 shares at September 30, 2025 and 62,892 shares at December 31, 2024	(4,736)	(3,538)
Total shareholders’ equity	4,014	4,171
Noncontrolling interests	1,769	1,649
Total equity	5,783	5,820
Total liabilities and equity	$ 29,418	$ 28,936

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

TENET HEALTHCARE CORP 10-Q