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Consolidated Balance Sheets - USD ($)
shares in Millions, $ in Millions
Dec. 31, 2020
Dec. 31, 2019
Assets, Current [Abstract]    
Cash and equivalents $ 2,563 $ 2,268
Receivables (net of allowances for bad debts) 3,071 4,577
Inventories 2,349 3,139
Other current assets 942 1,048
Total current assets 9,475 11,212
Accounts Receivable, Allowance for Credit Loss, Current 824 776
Accounts Receivable, Allowance for Credit Loss, Current 824 776
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 11,039 12,630
Property, plant and equipment (net of accumulated depreciation) 4,325 7,310
Goodwill 2,804 2,812
Operating lease right-of-use assets 786 931
Other assets 1,124 1,429
Total assets 20,680 25,377
Current liabilities:    
Accounts payable 1,573 2,432
Accrued employee compensation and benefits 517 604
Taxes other than income 292 310
Current portion of operating lease liabliities 251 208
Other current liabilities 1,093 1,313
Total current liabilities 4,421 4,878
Long-term debt 9,132 10,316
Operating lease liabilities 758 825
Employee compensation and benefits 562 525
Other liabilities 824 808
Total liabilities 15,697 17,352
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]    
Common stock, par value $2.50 per share 2,666 2,669
Paid-in capital in excess of par value 0 143
Accumulated other comprehensive loss (362) (362)
Retained earnings 8,691 11,989
Treasury stock, at cost (6,021) (6,427)
Company shareholders’ equity 4,974 8,012
Noncontrolling interest in consolidated subsidiaries 9 13
Total shareholders’ equity 4,983 8,025
Total liabilities and shareholders’ equity $ 20,680 $ 25,377
Common Stock, Par or Stated Value Per Share $ 2.50 $ 2.50
Common Stock, Shares Authorized 2,000 2,000
Common Stock, Shares, Issued 1,066 1,068
Treasury Stock, Shares 181 190
Assets Held-for-sale, Not Part of Disposal Group, Current $ 550 $ 180
Long-term Debt, Current Maturities 695 11
Deferred Income Tax Assets, Net $ 2,166 $ 1,683