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Consolidated Balance Sheets - USD ($)
shares in Millions, $ in Millions
Dec. 31, 2024
Dec. 31, 2023
Assets, Current [Abstract]    
Cash and equivalents $ 2,618 $ 2,264
Receivables (net of allowances for bad debts) 5,117 4,860
Inventories 3,040 3,226
Other current assets 1,607 1,193
Total current assets 12,382 11,543
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 12,461 12,064
Property, plant and equipment (net of accumulated depreciation) 5,113 4,900
Goodwill 2,838 2,850
Deferred income taxes 2,339 2,505
Operating lease right-of-use assets 1,022 1,088
Other Assets 1,893 1,797
Total assets 25,587 24,683
Current liabilities:    
Accounts payable 3,189 3,147
Accrued employee compensation and benefits 711 689
Accrued Income Taxes, Current 449 390
Long-Term Debt, Current Maturities 381 0
Accrual for Taxes Other than Income Taxes 328 370
Current portion of operating lease liabliities 263 262
Other current liabilities 729 750
Total current liabilities 6,050 5,608
Long-term debt 7,160 7,636
Operating lease liabilities 798 911
Employee compensation and benefits 414 408
Other liabilities 617 687
Total liabilities $ 15,039 $ 15,250
Common Stock, Shares, Issued 1,065 1,065
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 $ 2,662 $ 2,663
Paid-in capital in excess of par value 79 63
Accumulated other comprehensive loss (353) (331)
Retained earnings 14,332 12,536
Treasury stock, at cost (6,214) (5,540)
Company shareholders’ equity 10,506 9,391
Noncontrolling interest in consolidated subsidiaries 42 42
Total shareholders’ equity 10,548 9,433
Total liabilities and shareholders’ equity $ 25,587 $ 24,683