Consolidated Balance Sheet - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Current Assets
Cash and temporary investments	$ 826	$ 1,295
Accounts and notes receivable, net	3,462	3,232
Contract assets	506	378
Inventories	1,897	1,814
Current investments	151	245
Other current assets	204	132
Total Current Assets	7,046	7,096
Plants, Properties and Equipment, net	10,234	10,441
Long-Term Investments	930	751
Long-Term Financial Assets of Variable Interest Entities (Note 16)	2,284	2,275
Goodwill	3,124	3,130
Overfunded Pension Plan Assets	713	595
Right of Use Assets	383	365
Deferred Charges and Other Assets	568	590
Total Assets	25,282	25,243
Current Liabilities
Notes payable and current maturities of long-term debt	293	196
Accounts payable	2,678	2,606
Accrued payroll and benefits	380	440
Other current liabilities	1,001	902
Total Current Liabilities	4,352	4,144
Long-Term Debt	5,275	5,383
Long-Term Nonrecourse Financial Liabilities of Variable Interest Entities (Note 16)	2,103	2,099
Deferred Income Taxes	2,614	2,618
Underfunded Pension Benefit Obligation	364	377
Postretirement and Postemployment Benefit Obligation	194	205
Long-Term Lease Obligations	245	236
Other Liabilities	1,092	1,099
Equity
Common stock, $1 par value, 2022 – 448.9 shares and 2021 – 448.9 shares	449	449
Paid-in capital	4,675	4,668
Retained earnings	9,557	9,029
Accumulated other comprehensive loss	(1,489)	(1,666)
Shareholders' Equity before Treasury Stock, Total	13,192	12,480
Less: Common stock held in treasury, at cost, 2022 – 86.9 shares and 2021 – 70.4 shares	4,149	3,398
Total Equity	9,043	9,082
Total Liabilities and Equity	$ 25,282	$ 25,243