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Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and temporary investments $ 1,149 $ 804
Accounts and notes receivable, net 3,078 3,284
Contract assets 474 481
Inventories 1,929 1,942
Assets held for sale 0 133
Other current assets 150 126
Total Current Assets 6,780 6,770
Plants, Properties and Equipment, net 10,433 10,431
Investments 184 186
Long-Term Financial Assets of Variable Interest Entities (Note 15) 2,308 2,294
Goodwill 3,041 3,041
Overfunded Pension Plan Assets 324 297
Right of Use Assets 459 424
Deferred Charges and Other Assets 422 497
Total Assets 23,951 23,940
Current Liabilities    
Notes payable and current maturities of long-term debt 120 763
Accounts payable 2,363 2,708
Accrued payroll and benefits 370 355
Other current liabilities 1,029 1,174
Total Current Liabilities 3,882 5,000
Long-Term Debt 5,549 4,816
Long-Term Nonrecourse Financial Liabilities of Variable Interest Entities (Note 15) 2,112 2,106
Deferred Income Taxes 1,708 1,732
Underfunded Pension Benefit Obligation 281 281
Postretirement and Postemployment Benefit Obligation 134 150
Long-Term Lease Obligations 317 283
Other Liabilities 1,086 1,075
Equity    
Common stock, $1 par value, 2023 – 448.9 shares and 2022 – 448.9 shares 449 449
Paid-in capital 4,705 4,725
Retained earnings 9,938 9,855
Accumulated other comprehensive loss (1,460) (1,925)
Shareholders' Equity before Treasury Stock, Total 13,632 13,104
Less: Common stock held in treasury, at cost, 2023 – 102.9 shares and 2022 – 98.6 shares 4,750 4,607
Total Equity 8,882 8,497
Total Liabilities and Equity $ 23,951 $ 23,940