Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Current assets:
Cash and equivalents	$ 2,008
Cash and equivalents	2,008	$ 2,337
Receivables (net of allowances for bad debts)	5,234	5,036
Inventories	3,028	2,396
Other current assets	881	1,008
Total current assets	11,151	10,777
Property, plant and equipment (net of accumulated depreciation)	8,961	8,521
Goodwill	2,825	2,693
Deferred income taxes	1,384	1,230
Other assets	1,661	1,864
Total assets	25,982	25,085
Current liabilities:
Accounts payable	3,018	2,554
Accrued employee compensation and benefits	714	746
Taxes other than income	248	231
Short-term borrowings and current maturities of long-term debt	36	512
Other current liabilities	786	819
Total current liabilities	4,802	4,862
Long-term debt	10,421	10,430
Employee compensation and benefits	483	609
Other liabilities	732	835
Total liabilities	16,438	16,736
Shareholders’ equity:
Common shares, par value $2.50 per share	2,671	2,673
Paid-in capital in excess of par value	211	207
Accumulated other comprehensive loss	(355)	(469)
Retained earnings	13,739	12,668
Treasury stock, at cost	(6,744)	(6,757)
Company shareholders’ equity	9,522	8,322
Noncontrolling interest in consolidated subsidiaries	22	27
Total shareholders’ equity	9,544	8,349
Total liabilities and shareholders’ equity	$ 25,982	$ 25,085