Consolidated Financial Position at December 31 - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 6,889	$ 6,978
Receivables – trade and other	9,282	9,310
Receivables – finance	9,565	9,510
Prepaid expenses and other current assets	3,119	4,586
Inventories	16,827	16,565
Total current assets	45,682	46,949
Property, plant and equipment - net	13,361	12,680
Long-term receivables – trade and other	1,225	1,238
Long-term receivables – finance	13,242	12,664
Noncurrent deferred and refundable income taxes	3,312	2,816
Intangible assets	399	564
Goodwill	5,241	5,308
Other assets	5,302	5,257
Total assets	87,764	87,476
Short-term borrowings:
Short-term borrowings	4,393	4,643
Accounts payable	7,675	7,906
Accrued expenses	5,243	4,958
Accrued wages, salaries and employee benefits	2,391	2,757
Customer advances	2,322	1,929
Dividends payable	674	649
Other current liabilities	2,909	3,123
Long-term debt due within one year:
Total current liabilities	32,272	34,728
Long-term debt due after one year:
Liability for postemployment benefits	3,757	4,098
Other liabilities	4,890	4,675
Total liabilities	68,270	67,973
Commitments and contingencies
Shareholders’ equity
Common stock, par value (in dollars per share)	$ 1.00
Authorized shares: 2,000,000,000 Issued shares: (2024 and 2023 – 814,894,624 shares) at paid-in amount	$ 6,941	6,403
Treasury stock: (2024 - 336,962,600 shares; and 2023 - 315,517,355 shares) at cost	(44,331)	(36,339)
Profit employed in the business	59,352	51,250
Accumulated other comprehensive income (loss)	(2,471)	(1,820)
Noncontrolling interests	3	9
Total shareholders’ equity	19,494	19,503
Total liabilities and shareholders’ equity	87,764	87,476
Machinery, Energy & Transportation
Short-term borrowings:
Short-term borrowings	0	0
Long-term debt due within one year:
Long-term debt due within one year	46	1,044
Long-term debt due after one year:
Long-term debt due after one year	8,564	8,579
Financial Products
Short-term borrowings:
Short-term borrowings	4,393	4,643
Long-term debt due within one year:
Long-term debt due within one year	6,619	7,719
Long-term debt due after one year:
Long-term debt due after one year	$ 18,787	$ 15,893