Consolidated Balance Sheet - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current Assets
Cash and temporary investments	$ 1,031	$ 1,295
Restricted Cash, Current	88
Accounts and notes receivable, net	3,363	3,232
Contract assets	491	378
Inventories	1,746	1,814
Current investments	291	245
Other current assets	174	132
Total Current Assets	7,184	7,096
Plants, Properties and Equipment, net	10,336	10,441
Long-Term Investments	608	751
Long-Term Financial Assets of Variable Interest Entities (Note 16)	2,280	2,275
Goodwill	3,128	3,130
Overfunded Pension Plan Assets	653	595
Right of Use Assets	373	365
Deferred Charges and Other Assets	596	590
Total Assets	25,158	25,243
Current Liabilities
Notes payable and current maturities of long-term debt	197	196
Accounts payable	2,657	2,606
Accrued payroll and benefits	345	440
Other current liabilities	943	902
Total Current Liabilities	4,142	4,144
Long-Term Debt	5,468	5,383
Long-Term Nonrecourse Financial Liabilities of Variable Interest Entities (Note 16)	2,101	2,099
Deferred Income Taxes	2,642	2,618
Underfunded Pension Benefit Obligation	375	377
Postretirement and Postemployment Benefit Obligation	201	205
Long-Term Lease Obligations	241	236
Other Liabilities	1,101	1,099
Equity
Common stock, $1 par value, 2022 – 448.9 shares and 2021 – 448.9 shares	449	449
Paid-in capital	4,670	4,668
Retained earnings	9,218	9,029
Accumulated other comprehensive loss	(1,694)	(1,666)
Shareholders' Equity before Treasury Stock, Total	12,643	12,480
Less: Common stock held in treasury, at cost, 2022 – 78.3 shares and 2021 – 70.4 shares	3,756	3,398
Total Equity	8,887	9,082
Total Liabilities and Equity	$ 25,158	$ 25,243