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Supplemental Balance Sheet Information | 12 Months Ended
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Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Supplemental Balance Sheet Information | NOTE 7. Supplemental Balance Sheet Information Additional supplemental balance sheet information is provided in the table that follows.
(Millions) |  | 2023 |  | 2022
Other current assets |  |  |  |
Derivative assets-current |  | $ | 73 |  |  | $ | 162 |
Insurance related (receivables, prepaid expenses and other) |  | 114 |  |  | 103 |
Other |  | 149 |  |  | 191 |
Total other current assets |  | $ | 336 |  |  | $ | 456 |
Property, plant and equipment - at cost |  |  |  |
Land |  | $ | 255 |  |  | $ | 255 |
Buildings and leasehold improvements (original lives 10 to 40 years) |  | 7,908 |  |  | 7,560 |
Machinery and equipment (original lives 3 to 15 years) |  | 16,855 |  |  | 16,455 |
Construction in progress |  | 1,852 |  |  | 1,728 |
Gross property, plant and equipment |  | 26,870 |  |  | 25,998 |
Accumulated depreciation |  | (17,711) |  |  | (16,820) |
Property, plant and equipment - net |  | $ | 9,159 |  |  | $ | 9,178 |
Other assets |  |  |  |
Deferred income taxes |  | $ | 4,918 |  |  | $ | 959 |
Prepaid pension and post retirement |  | 1,253 |  |  | 1,225 |
Insurance related receivables and other |  | 33 |  |  | 73 |
Cash surrender value of life insurance policies |  | 270 |  |  | 265 |
Equity method investments |  | 74 |  |  | 81 |
Equity and other investments |  | 170 |  |  | 886 |
Other |  | 412 |  |  | 782 |
Total other assets |  | $ | 7,130 |  |  | $ | 4,271 |
Other current liabilities |  |  |  |
Accrued rebates |  | $ | 804 |  |  | $ | 751 |
Deferred revenue |  | 572 |  |  | 538 |
Derivative liabilities |  | 34 |  |  | 31 |
Employee benefits and withholdings |  | 257 |  |  | 247 |
Contingent liability claims and other |  | 4,797 |  |  | 534 |
Property, sales-related and other taxes |  | 217 |  |  | 224 |
Pension and postretirement benefits |  | 79 |  |  | 77 |
Other |  | 851 |  |  | 788 |
Total other current liabilities |  | $ | 7,611 |  |  | $ | 3,190 |
Other liabilities |  |  |  |
Long term income taxes payable |  | $ | 872 |  |  | $ | 1,051 |
Employee benefits |  | 332 |  |  | 386 |
Contingent liability claims and other |  | 12,158 |  |  | 2,179 |
Finance lease obligations |  | 60 |  |  | 75 |
Deferred income taxes |  | 528 |  |  | 559 |
Other |  | 372 |  |  | 1,365 |
Total other liabilities |  | $ | 14,322 |  |  | $ | 5,615 |
As of December 31, 2023, contingent liability claims and other (within other current liabilities) includes $2.9 billion and $1.5 billion, respectively, and contingent liability claims and other (within other liabilities) includes $7.5 billion and $3.5 billion, respectively of amounts due under the PWS Settlement and CAE Settlement (refer to Note 18), both reached in 2023. As of December 31, 2022, balances include amounts associated with the deconsolidated Aearo Entities, which were reconsolidated in 2023 (refer to Note 18). These include: $0.7 billion in equity and other investments (within other assets), $0.3 billion in other (within other assets), $1.2 billion accrued liability largely reflected within contingent liability claims and other (within other liabilities), and $0.9 billion in other (within other liabilities).

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//210/tableOfContent + Details
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