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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Millions, $ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and equivalents   $ 2,268
Cash and equivalents $ 1,385  
Receivables net of allowances for bad debts 4,850 4,577
Allowance for bad debts 769 776
Inventories 3,220 3,139
Other current assets 1,200 1,228
Total current assets 10,655 11,212
Property, plant, and equipment, net of accumulated depreciation 6,223 7,310
Accumulated depreciation 12,978 12,630
Goodwill 2,812 2,812
Deferred income taxes 1,595 1,683
Operating lease right-of-use assets 897 931
Other assets 1,440 1,429
Total assets 23,622 25,377
Current liabilities:    
Accounts payable 2,640 2,432
Accrued employee compensation and benefits 547 604
Current portion of operating lease liabilities 222 208
Current maturities of long-term debt 193 11
Other current liabilities 1,451 1,623
Total current liabilities 5,053 4,878
Long-term debt 9,633 10,316
Operating lease liabilities 803 825
Employee compensation and benefits 477 525
Other liabilities 813 808
Total liabilities 16,779 17,352
Shareholders' equity:    
Common stock, par value $2.50 per share $ 2,669 $ 2,669
Common stock, par value (in dollars per share) $ 2.50 $ 2.50
Common stock, shares authorized (in shares) 2,000 2,000
Common stock, shares issued (in shares) 1,068 1,068
Paid-in capital in excess of par value $ 110 $ 143
Accumulated other comprehensive loss (351) (362)
Retained earnings 10,814 11,989
Treasury stock, at cost $ (6,412) $ (6,427)
Treasury shares (in shares) 194 190
Company shareholders' equity $ 6,830 $ 8,012
Noncontrolling interest in consolidated subsidiaries 13 13
Total shareholders' equity 6,843 8,025
Total liabilities and shareholders' equity $ 23,622 $ 25,377