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Condensed Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and temporary investments $ 1,135 $ 1,170
Accounts and notes receivable, net 4,767 2,966
Contract assets 451 396
Inventories 2,658 1,784
Assets held for sale 58 0
Other current assets 430 108
Total Current Assets 9,499 6,424
Plants, Properties and Equipment, net 16,876 9,658
Goodwill 7,531 3,038
Intangibles, net 4,406 145
Long-Term Financial Assets of Variable Interest Entities (Note 14) 2,340 2,331
Right of Use Assets 712 433
Overfunded Pension Plan Assets 218 92
Deferred Charges and Other Assets 794 679
Total Assets 42,376 22,800
Current Liabilities    
Notes payable and current maturities of long-term debt 225 193
Accounts payable 4,336 2,316
Accrued payroll and benefits 675 749
Other current liabilities 1,885 1,000
Total Current Liabilities 7,121 4,258
Long-Term Debt 9,694 5,368
Deferred Income Taxes 2,589 1,072
Long-Term Nonrecourse Financial Liabilities of Variable Interest Entities (Note 14) 2,124 2,120
Long-Term Lease Obligations 475 292
Underfunded Pension Benefit Obligation 308 233
Postretirement and Postemployment Benefit Obligation 126 133
Other Liabilities 1,322 1,151
Equity    
Common stock, $1 par value, 2025 – 627.0 shares and 2024 – 448.9 shares 627 449
Paid-in capital 14,374 4,732
Retained earnings 8,865 9,393
Accumulated other comprehensive loss (672) (1,722)
Shareholders' Equity before Treasury Stock 23,194 12,852
Less: Common stock held in treasury, at cost, 2025 – 99.1 shares and 2024 – 101.5 shares 4,577 4,679
Total Equity 18,617 8,173
Total Liabilities and Equity $ 42,376 $ 22,800