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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Millions, $ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and equivalents $ 2,658 $ 2,563
Receivables net of allowances for bad debts 3,459 3,071
Allowance for bad debts 774 824
Inventories 2,355 2,349
Other current assets 1,455 1,492
Total current assets 9,927 9,475
Property, plant, and equipment, net of accumulated depreciation 4,214 4,325
Accumulated depreciation 11,081 11,039
Goodwill 2,804 2,804
Deferred income taxes 2,174 2,166
Operating lease right-of-use assets 735 786
Other assets 1,063 1,124
Total assets 20,917 20,680
Current liabilities:    
Accounts payable 1,891 1,573
Accrued employee compensation and benefits 528 517
Current portion of operating lease liabilities 247 251
Current maturities of long-term debt 515 695
Other current liabilities 1,153 1,385
Total current liabilities 4,334 4,421
Long-term debt 9,124 9,132
Operating lease liabilities 688 758
Employee compensation and benefits 536 562
Other liabilities 806 824
Total liabilities 15,488 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) 1,066 1,066
Paid-in capital in excess of par value $ 26 $ 0
Accumulated other comprehensive loss (360) (362)
Retained earnings 8,896 8,691
Treasury stock, at cost $ (5,808) $ (6,021)
Treasury shares (in shares) 177 181
Company shareholders' equity $ 5,420 $ 4,974
Noncontrolling interest in consolidated subsidiaries 9 9
Total shareholders' equity 5,429 4,983
Total liabilities and shareholders' equity $ 20,917 $ 20,680