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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 2,971 $ 1,844
Marketable securities 82 84
Accounts receivable, less allowance of $182 ($154 in 2022) 3,765 3,565
Inventories:    
Materials and supplies 1,242 1,006
Work in process 330 348
Finished goods 3,271 2,641
Total inventories 4,843 3,995
Prepaid expenses and other current assets 857 787
Total current assets 12,518 10,275
Property, plant and equipment:    
Land, buildings and improvements 1,692 1,739
Machinery and equipment 4,652 4,066
Total property, plant and equipment 6,344 5,805
Less allowance for depreciation 3,129 2,835
Property, plant and equipment, net 3,215 2,970
Goodwill 15,243 14,880
Other intangibles, net 4,593 4,885
Noncurrent deferred income tax assets 1,670 1,410
Other noncurrent assets 2,673 2,464
Total assets 39,912 36,884 Close
Current liabilities    
Accounts payable 1,517 1,413
Accrued compensation 1,478 1,149
Income taxes 391 292
Dividend payable 304 284
Accrued product liabilities 209 230
Accrued expenses and other liabilities 1,928 1,744
Current maturities of debt 2,094 1,191
Total current liabilities 7,921 6,303
Long-term debt, excluding current maturities 10,901 11,857
Income taxes 567 641
Other noncurrent liabilities 1,930 1,467
Total liabilities 21,319 20,268 Close
Shareholders' equity    
Common stock, $0.10 par value 38 38
Additional paid-in capital 2,200 2,034
Retained earnings 16,771 14,765
Accumulated other comprehensive loss (416) (221)
Total shareholders' equity 18,593 16,616 Close
Total liabilities & shareholders' equity $ 39,912 $ 36,884
Common stock, par value (in dollars per share) $ 0.10 $ 0.10