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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 2,944 $ 2,943
Marketable securities 75 81
Accounts receivable, less allowance of $167 ($131 in 2020) 3,022 2,701
Inventories:    
Materials and supplies 691 678
Work in process 264 251
Finished goods 2,359 2,565
Total inventories 3,314 3,494
Prepaid expenses and other current assets 662 488
Total current assets 10,017 9,707
Property, plant and equipment:    
Land, buildings and improvements 1,656 1,546
Machinery and equipment 3,842 3,636
Total property, plant and equipment 5,498 5,182
Less allowance for depreciation 2,665 2,430
Property, plant and equipment, net 2,833 2,752
Goodwill 12,918 12,778
Other intangibles, net 4,840 5,554
Noncurrent deferred income tax assets 1,760 1,530
Other noncurrent assets 2,263 2,009
Total assets 34,631 34,330
Current liabilities    
Accounts payable 1,129 810
Accrued compensation 1,092 925
Income taxes 192 207
Dividend payable 263 237
Accrued product liabilities 401 515
Accrued expenses and other liabilities 1,465 1,586
Current maturities of debt 7 761
Total current liabilities 4,549 5,041
Long-term debt, excluding current maturities 12,472 13,230
Income taxes 913 990
Other noncurrent liabilities 1,820 1,985
Total liabilities 19,754 21,246
Shareholders' equity    
Common stock, $0.10 par value 38 38
Additional paid-in capital 1,890 1,741
Retained earnings 13,480 12,462
Accumulated other comprehensive loss (531) (1,157)
Total shareholders' equity 14,877 13,084
Total liabilities & shareholders' equity $ 34,631 $ 34,330
Common stock, par value (in dollars per share) $ 0.10 $ 0.10