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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 1,874 $ 2,971
Marketable securities 83 82
Accounts receivable, less allowance of $186 ($182 in 2023) 3,622 3,765
Inventories:    
Materials and supplies 1,163 1,242
Work in process 380 330
Finished goods 3,501 3,271
Total inventories 5,044 4,843
Prepaid expenses and other current assets 1,022 857
Total current assets 11,645 12,518
Property, plant and equipment:    
Land, buildings and improvements 1,685 1,692
Machinery and equipment 4,937 4,652
Total property, plant and equipment 6,622 6,344
Less allowance for depreciation 3,304 3,129
Property, plant and equipment, net 3,318 3,215
Goodwill 15,408 15,243
Other intangibles, net 4,363 4,593
Noncurrent deferred income tax assets 1,606 1,670
Other noncurrent assets 2,790 2,673
Total assets 39,130 39,912 Close
Current liabilities    
Accounts payable 1,304 1,517
Accrued compensation 887 1,478
Income taxes 334 391
Dividends payable 305 304
Accrued expenses and other liabilities 2,001 2,137
Current maturities of debt 2,095 2,094
Total current liabilities 6,926 7,921
Long-term debt, excluding current maturities 10,127 10,901
Income taxes 350 567
Other noncurrent liabilities 1,965 1,930
Total liabilities 19,368 21,319 Close
Shareholders' equity    
Common stock, $0.10 par value 38 38
Additional paid-in capital 2,305 2,200
Retained earnings 17,774 16,771
Accumulated other comprehensive loss (355) (416)
Total shareholders' equity 19,762 18,593 Close
Total liabilities and shareholders' equity $ 39,130 $ 39,912