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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and equivalents $ 1,898 $ 4,009
Receivables net of allowances for bad debts 4,852 3,922
Inventories 2,444 2,275
Prepaid income taxes 53 585
Other current assets 897 886
Total current assets 10,144 11,677
Property, plant, and equipment, net of accumulated depreciation 8,432 8,532
Goodwill 2,685 2,414
Deferred income taxes 2,191 1,960
Other assets 2,338 2,417
Total assets 25,790 27,000
Current liabilities:    
Accounts payable 2,416 1,764
Accrued employee compensation and benefits 706 544
Short-term borrowings and current maturities of long-term debt 515 170
Other current liabilities 964 1,545
Total current liabilities 4,601 4,023
Long-term debt 10,423 12,214
Employee compensation and benefits 571 574
Other liabilities 949 741
Total liabilities 16,544 17,552
Shareholders' equity:    
Common shares, par value $2.50 per share 2,673 2,674
Paid-in capital in excess of par value 169 201
Accumulated other comprehensive loss (448) (454)
Retained earnings 13,649 14,141
Treasury stock, at cost (6,826) (7,153)
Company shareholders' equity 9,217 9,409
Noncontrolling interest in consolidated subsidiaries 29 39
Total shareholders' equity 9,246 9,448
Total liabilities and shareholders' equity $ 25,790 $ 27,000