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Consolidated Condensed Balance Sheets (USD $)
In Millions
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 1,160 $ 1,032
Receivables, net 2,200 1,944
Inventories, net 980 856
Other current assets 678 562
Total current assets 5,018 4,394
Plant, property and equipment, net 1,242 1,205
Goodwill 4,340 4,277
Other intangible assets, net 741 766
Asbestos-related assets 923 930
Other non-current assets 836 866
Total non-current assets 8,082 8,044
Total assets 13,100 12,438
Current liabilities:    
Accounts payable 1,115 1,020
Accrued and other current liabilities 1,714 1,714
Short-term borrowings and current maturities of long-term debt 131 11
Total current liabilities 2,960 2,745
Postretirement benefits 1,740 1,733
Long-term debt 1,297 1,354
Asbestos-related liabilities 1,576 1,559
Other non-current liabilities 551 542
Total non-current liabilities 5,164 5,188
Total liabilities 8,124 7,933
Common Stock:    
Authorized - 500.0 shares, $1 par value per share (207.0 shares issued) Outstanding - 185.2 shares and 184.0 shares, respectively 184 [1] 183 [1]
Retained earnings 5,676 5,409
Total accumulated other comprehensive loss (884) (1,087)
Total shareholders' equity 4,976 4,505
Total liabilities and shareholders' equity $ 13,100 $ 12,438
[1] Shares outstanding include unvested restricted common stock of .9 and 1.0 at June 30, 2011 and December 31, 2010.