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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,290 $ 1,286
Restricted cash 1 1
Short-term investments 26 14
Accounts receivable, net of allowance for doubtful accounts: 2023- $54 ; 2022 - $48 2,826 2,494
Prepaid and other current assets 1,000 574
Assets of businesses held for sale 0 1,298
Total current assets 5,143 5,667
Property and equipment:    
Buildings and leasehold improvements 424 468
Equipment and furniture 628 688
Total property and equipment 1,052 1,156
Less: accumulated depreciation (794) (859)
Property and equipment, net 258 297
Right of use assets 379 423
Goodwill 34,850 34,545
Other intangible assets, net 17,398 18,306
Equity investments in unconsolidated subsidiaries 1,787 1,752
Asset for pension benefits 238 232
Other non-current assets 536 562
Total Assets 60,589 61,784 Close
Current liabilities:    
Accounts payable 557 450
Accrued compensation and contributions to retirement plans 906 753
Short-term debt 47 226
Income taxes currently payable 121 116
Unearned revenue 3,461 3,126
Other current liabilities 1,033 1,094
Liabilities of businesses held for sale 0 234
Total current liabilities 6,125 5,999
Long-term debt 11,412 10,730
Lease liabilities – non-current 541 577
Pension and other postretirement benefits 199 180
Deferred tax liability – non-current 3,690 4,065
Other non-current liabilities 522 489
Total liabilities 22,489 22,040 Close
Redeemable noncontrolling interest 3,800 3,267 Close
Commitments and contingencies (Note 13)
Equity:    
Common stock, $1 par value: authorized - 600 million shares; issued: 415 million shares in 2023 and 2022 415 415
Additional paid-in capital 44,231 44,422
Retained income 18,728 17,784
Accumulated other comprehensive loss (763) (886)
Less: common stock in treasury - at cost: 2023 - 93 million shares; 2022- 86 million shares (28,411) (25,347)
Total equity – controlling interests 34,200 36,388
Total equity – noncontrolling interests 100 89
Total equity 34,300 36,477 Close
Total liabilities and equity $ 60,589 $ 61,784