Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and equivalents	$ 2,268
Cash and equivalents	2,268	$ 2,008
Receivables (net of allowances for bad debts)	4,577	5,234
Inventories	3,139	3,028
Other current assets	1,228	881
Total current assets	11,212	11,151
Property, plant and equipment (net of accumulated depreciation)	7,310	8,873
Goodwill	2,812	2,825
Deferred income taxes	1,683	1,384
Operating lease right-of-use assets	931	0
Other assets	1,429	1,749
Total assets	25,377	25,982
Current liabilities:
Accounts payable	2,432	3,018
Accrued employee compensation and benefits	604	714
Taxes other than income	310	248
Current portion of operating lease liabliities	208	0
Other current liabilities	1,324	822
Total current liabilities	4,878	4,802
Long-term debt	10,316	10,312
Operating lease liabilities	825	0
Employee compensation and benefits	525	483
Other liabilities	808	841
Total liabilities	17,352	16,438
Shareholders’ equity:
Common stock, par value $2.50 per share	2,669	2,671
Paid-in capital in excess of par value	143	211
Accumulated other comprehensive loss	(362)	(355)
Retained earnings	11,989	13,739
Treasury stock, at cost	(6,427)	(6,744)
Company shareholders’ equity	8,012	9,522
Noncontrolling interest in consolidated subsidiaries	13	22
Total shareholders’ equity	8,025	9,544
Total liabilities and shareholders’ equity	$ 25,377	$ 25,982