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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and equivalents   $ 2,008
Cash and equivalents $ 1,571  
Receivables net of allowances for bad debts 5,290 5,234
Inventories 3,380 3,028
Other current assets 979 881
Total current assets 11,220 11,151
Property, plant, and equipment, net of accumulated depreciation 8,721 8,873
Goodwill 2,832 2,825
Deferred income taxes 1,344 1,384
Operating lease right-of-use assets 985 0
Other assets 1,687 1,749
Total assets 26,789 25,982
Current liabilities:    
Accounts payable 2,733 3,018
Accrued employee compensation and benefits 657 714
Current portion of operating lease liabilities 208 0
Other current liabilities 1,094 1,070
Total current liabilities 4,692 4,802
Long-term debt 10,313 10,312
Operating lease liabilities 762 0
Employee compensation and benefits 476 483
Other liabilities 784 841
Total liabilities 17,027 16,438
Shareholders' equity:    
Common shares, par value $2.50 per share 2,670 2,671
Paid-in capital in excess of par value 108 211
Accumulated other comprehensive loss (353) (355)
Retained earnings 13,800 13,739
Treasury stock, at cost (6,480) (6,744)
Company shareholders' equity 9,745 9,522
Noncontrolling interest in consolidated subsidiaries 17 22
Total shareholders' equity 9,762 9,544
Total liabilities and shareholders' equity $ 26,789 $ 25,982