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23	23	Net income of the company during the period is $1,273 million, up from $979 million. Reported income from continuing operations increased $295 million, or 30%, for the third quarter of 2022 and increased $22 million, or 1%, for the nine months ended September 30, 2022 versus the respective 2021 periods. On an adjusted basis, which excludes the impacts of purchase accounting and Russia-Ukraine conflict and other charges, income from continuing operations increased $134 million, or 9%, for the quarter and increased $473 million, or 11%, for the nine months ended September 30, 2022 versus the respective 2021 periods. On both a reported and adjusted basis, the increase was driven by higher operating profit.
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25		-Cash & cash equivalent for the company reported is $3,756 million on September 30, 2022, which was $2,823 million on December 31, 2021. The cash position of the company has depleted during this time period.
	25	+Cash & cash equivalent for the company reported is $3,756 million on September 30, 2022, which was $2,823 million on December 31, 2021. The cash position of the company has depleted during this time period. Accounts receivable net of reserves were $4,599 million at September 30, 2022 and $4,499 million at December 31, 2021. Allowances for expected credit losses were $377 million at September 30, 2022 and $405 million at December 31, 2021. Provisions for expected credit losses were $112 million and $101 million for the nine months ended September 30, 2022 and 2021, respectively. The company has reported $2,954 million commercial paper on September 30, 2022, up from $278 million at the end of previous financial year. Bank borrowing of the company during the same period has decreased from $885 million to $225 million. Total reported long-term debt of the company on September 30, 2022 is $10,608 million, down from $11,335 million on December 31, 2021.
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