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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Millions, $ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and equivalents $ 2,446 $ 2,563
Receivables net of allowances for bad debts 3,250 3,071
Allowance for bad debts 791 824
Inventories 2,349 2,349
Other current assets 1,475 1,492
Total current assets 9,520 9,475
Property, plant, and equipment, net of accumulated depreciation 4,231 4,325
Accumulated depreciation 10,999 11,039
Goodwill 2,804 2,804
Deferred income taxes 2,165 2,166
Operating lease right-of-use assets 760 786
Other assets 1,095 1,124
Total assets 20,575 20,680
Current liabilities:    
Accounts payable 1,769 1,573
Accrued employee compensation and benefits 479 517
Current portion of operating lease liabilities 250 251
Current maturities of long-term debt 515 695
Other current liabilities 1,212 1,385
Total current liabilities 4,225 4,421
Long-term debt 9,127 9,132
Operating lease liabilities 718 758
Employee compensation and benefits 518 562
Other liabilities 808 824
Total liabilities 15,396 15,697
Shareholders' equity:    
Common stock, par value $2.50 per share $ 2,666 $ 2,666
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 1,066
Paid-in capital in excess of par value $ 34 $ 0
Accumulated other comprehensive loss (362) (362)
Retained earnings 8,709 8,691
Treasury stock, at cost $ (5,877) $ (6,021)
Treasury shares (in shares) 178 181
Company shareholders' equity $ 5,170 $ 4,974
Noncontrolling interest in consolidated subsidiaries 9 9
Total shareholders' equity 5,179 4,983
Total liabilities and shareholders' equity $ 20,575 $ 20,680