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Consolidated Balance Sheets - USD ($)
shares in Millions, $ in Millions
Dec. 31, 2023
Dec. 31, 2022
Assets, Current [Abstract]    
Cash and equivalents $ 2,264 $ 2,346
Receivables (net of allowances for bad debts) 4,860 4,627
Inventories 3,226 2,923
Other current assets 1,193 1,056
Total current assets 11,543 10,952
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 12,064 11,660
Property, plant and equipment (net of accumulated depreciation) 4,900 4,348
Goodwill 2,850 2,829
Operating lease right-of-use assets 1,088 913
Other Assets 1,797 1,577
Total assets 24,683 23,255
Current liabilities:    
Accounts payable 3,147 3,121
Accrued employee compensation and benefits 689 634
Accrued Income Taxes, Current 390 294
Accrual for Taxes Other than Income Taxes 370 349
Current portion of operating lease liabliities 262 224
Other current liabilities 750 723
Total current liabilities 5,608 5,345
Long-term debt 7,636 7,928
Operating lease liabilities 911 791
Employee compensation and benefits 408 408
Other liabilities 687 806
Total liabilities $ 15,250 $ 15,278
Common Stock, Shares, Issued 1,065 1,066
Common Stock, Shares Authorized 2,000 2,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]    
Common stock, par value $2.50 per share $ 2,663 $ 2,664
Paid-in capital in excess of par value 63 50
Accumulated other comprehensive loss (331) (230)
Retained earnings 12,536 10,572
Treasury stock, at cost (5,540) (5,108)
Company shareholders’ equity 9,391 7,948
Noncontrolling interest in consolidated subsidiaries 42 29
Total shareholders’ equity 9,433 7,977
Total liabilities and shareholders’ equity $ 24,683 $ 23,255
Treasury Stock, Shares 176 164
Deferred Income Tax Assets, Net $ 2,505 $ 2,636
Common Stock, Par or Stated Value Per Share $ 2.50 $ 2.50