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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Millions, $ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and equivalents   $ 2,268
Cash and equivalents $ 1,811  
Receivables net of allowances for bad debts 3,345 4,577
Allowance for bad debts 796 776
Inventories 2,745 3,139
Other current assets 1,198 1,228
Total current assets 9,099 11,212
Property, plant, and equipment, net of accumulated depreciation 5,156 7,310
Accumulated depreciation 11,145 12,630
Goodwill 2,801 2,812
Deferred income taxes 2,034 1,683
Operating lease right-of-use assets 750 931
Other assets 1,264 1,429
Total assets 21,104 25,377
Current liabilities:    
Accounts payable 1,708 2,432
Accrued employee compensation and benefits 486 604
Current portion of operating lease liabilities 212 208
Current maturities of long-term debt 188 11
Other current liabilities 1,500 1,623
Total current liabilities 4,094 4,878
Long-term debt 9,638 10,316
Operating lease liabilities 779 825
Employee compensation and benefits 511 525
Other liabilities 886 808
Total liabilities 15,908 17,352
Shareholders' equity:    
Common stock, par value $2.50 per share $ 2,666 $ 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) 1,067 1,068
Paid-in capital in excess of par value $ 125 $ 143
Accumulated other comprehensive loss (342) (362)
Retained earnings 9,098 11,989
Treasury stock, at cost $ (6,358) $ (6,427)
Treasury shares (in shares) 190 190
Company shareholders' equity $ 5,189 $ 8,012
Noncontrolling interest in consolidated subsidiaries 7 13
Total shareholders' equity 5,196 8,025
Total liabilities and shareholders' equity $ 21,104 $ 25,377