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Condensed Consolidated Balance Sheets (USD $)
In Millions
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and equivalents $ 1,438 $ 1,398
Receivables (less allowance for bad debts of $128 and $91) 4,448 3,924
Inventories 2,235 1,940
Investments in marketable securities 451 653
Current deferred income taxes 258 257
Other current assets 710 714
Total current assets 9,540 8,886
Property, plant, and equipment, net of accumulated depreciation of $6,611 and $6,064 7,626 6,842
Goodwill 1,369 1,315
Other assets 1,421 1,254
Total assets 19,956 18,297
Current liabilities:    
Accounts payable 1,554 1,139
Accrued employee compensation and benefits 706 716
Deferred revenue 260 266
Other current liabilities 646 636
Total current liabilities 3,166 2,757
Long-term debt 3,824 3,824
Employee compensation and benefits 483 487
Other liabilities 825 842
Total liabilities 8,298 7,910
Shareholders' equity:    
Common shares, par value $2.50 per share - authorized 2,000 shares, issued 1,072 and 1,069 shares 2,680 2,674
Paid-in capital in excess of par value 360 339
Accumulated other comprehensive loss (237) (240)
Retained earnings 13,456 12,371
Treasury stock, at cost - 154 and 159 shares (4,617) (4,771)
Company shareholders' equity 11,642 10,373
Noncontrolling interest in consolidated subsidiaries 16 14
Total shareholders' equity 11,658 10,387
Total liabilities and shareholders' equity $ 19,956 $ 18,297