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Supplemental Balance Sheet Information
 12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental Balance Sheet Information
NOTE 8. Supplemental Balance Sheet Information
Additional supplemental balance sheet information is provided in the table that follows.
(Millions)20242023
Other current assets
Derivative assets-current$64 $73 
Insurance related (receivables, prepaid expenses and other)78 109 
Other686 144 
Total other current assets$828 $326 
Property, plant and equipment - at cost
Land$200 $215 
Buildings and leasehold improvements (original lives 10 to 40 years)
7,432 7,031 
Machinery and equipment (original lives 3 to 15 years)
14,780 14,716 
Construction in progress994 1,532 
Gross property, plant and equipment23,406 23,494 
Accumulated depreciation(16,018)(15,804)
Property, plant and equipment - net$7,388 $7,690 
Other assets
Deferred income taxes$4,146 $4,779 
Prepaid pension and post retirement1,243 1,239 
Insurance related receivables and other31 33 
Cash surrender value of life insurance policies257 270 
Equity method investments75 73 
Equity and other investments2,430 137 
Other358 275 
Total other assets$8,540 $6,806 
Other current liabilities
Accrued rebates$607 $593 
Deferred revenue15 23 
Derivative liabilities19 34 
Employee benefits and withholdings181 232 
Contingent liability claims and other3,518 4,786 
Property, sales-related and other taxes184 154 
Pension and postretirement benefits75 71 
Other872 767 
Total other current liabilities$5,471 $6,660 
Other liabilities
Long term income taxes payable$605 $832 
Employee benefits322 322 
Contingent liability claims and other9,648 12,135 
Finance lease obligations47 60 
Deferred income taxes354 315 
Other399 357 
Total other liabilities$11,375 $14,021 
As of December 31, 2024, contingent liability claims and other (within other current liabilities) includes $2.0 billion and $1.3 billion, respectively, and contingent liability claims and other (within other liabilities) includes $6.6 billion and $2.4 billion, respectively of amounts for other environmental liabilities (which includes the PWS Settlement) and for Combat Arms Earplugs (which includes the CAE Settlement). Refer to Note 19 for additional information.
As of December 31, 2023, contingent liability claims and other (within other current liabilities) includes $3.0 billion and $1.5 billion, respectively, and contingent liability claims and other (within other liabilities) includes $8.0 billion and $3.5 billion, respectively of amounts for other environmental liabilities and for Combat Arms Earplugs, as similarly described above. Refer to Note 19 for additional information.