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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and equivalents $ 2,139 $ 4,009
Receivables net of allowances for bad debts 4,385 3,922
Inventories 2,283 2,275
Prepaid income taxes 557 585
Other current assets 896 886
Total current assets 10,260 11,677
Property, plant, and equipment, net of accumulated depreciation 8,374 8,532
Goodwill 2,407 2,414
Deferred income taxes 2,232 1,960
Other assets 2,052 2,417
Total assets 25,325 27,000
Current liabilities:    
Accounts payable 2,166 1,764
Accrued employee compensation and benefits 583 544
Short-term borrowings and current maturities of long-term debt 336 170
Other current liabilities 983 1,545
Total current liabilities 4,068 4,023
Long-term debt 10,816 12,214
Employee compensation and benefits 550 574
Other liabilities 938 741
Total liabilities 16,372 17,552
Shareholders' equity:    
Common shares, par value $2.50 per share 2,673 2,674
Paid-in capital in excess of par value 131 201
Accumulated other comprehensive loss (450) (454)
Retained earnings 13,441 14,141
Treasury stock, at cost (6,878) (7,153)
Company shareholders' equity 8,917 9,409
Noncontrolling interest in consolidated subsidiaries 36 39
Total shareholders' equity 8,953 9,448
Total liabilities and shareholders' equity $ 25,325 $ 27,000