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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 1,671 $ 1,844
Marketable securities 86 84
Accounts receivable, less allowance of $180 ($154 in 2022) 3,215 3,565
Inventories:    
Materials and supplies 1,144 1,006
Work in process 366 348
Finished goods 2,823 2,641
Total inventories 4,333 3,995
Prepaid expenses and other current assets 850 787
Total current assets 10,155 10,275
Property, plant and equipment:    
Land, buildings and improvements 1,770 1,739
Machinery and equipment 4,200 4,066
Total property, plant and equipment 5,970 5,805
Less allowance for depreciation 2,933 2,835
Property, plant and equipment, net 3,037 2,970
Goodwill 14,849 14,880
Other intangibles, net 4,779 4,885
Noncurrent deferred income tax assets 1,443 1,410
Other noncurrent assets 2,567 2,464
Total assets 36,830 36,884
Current liabilities    
Accounts payable 1,366 1,413
Accrued compensation 713 1,149
Income taxes 371 292
Dividends payable 285 284
Accrued product liabilities 227 230
Accrued expenses and other liabilities 1,700 1,744
Current maturities of debt 1,204 1,191
Total current liabilities 5,866 6,303
Long-term debt, excluding current maturities 11,857 11,857
Income taxes 625 641
Other noncurrent liabilities 1,587 1,467
Total liabilities 19,935 20,268
Shareholders' equity    
Common stock, $0.10 par value 38 38
Additional paid-in capital 2,090 2,034
Retained earnings 15,072 14,765
Accumulated other comprehensive loss (305) (221)
Total shareholders' equity 16,895 16,616
Total liabilities and shareholders' equity $ 36,830 $ 36,884
Common stock, par value (in dollars per share) $ 0.10 $ 0.10