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Supplemental Data (Tables)
12 Months Ended
Dec. 31, 2023
Supplemental Income Statement Data
Supplemental Income Statement Data
Year Ended December 31
202320222021
Advertising expense$1,075 $901 $893 
Research expense312 292 269 
Equity Companies' Data
Equity Companies' Data
Net
Sales
Gross
Profit
Operating
Profit
Net
Income
Corporation's
Share of Net
Income
2023$3,135 $1,003 $683 $410 $196 
20222,690 707 438 240 116 
20212,501 696 398 205 98 
Current
Assets
Noncurrent
Assets
Current
Liabilities
Noncurrent
Liabilities
Stockholders'
Equity
2023$1,974 $1,362 $1,175 $1,687 $474 
20221,585 1,303 814 1,751 323 
20211,283 1,219 809 1,334 360 
Summary of Inventories by Major Class
December 31
20232022
Summary of Inventories by Major ClassLIFONon-
LIFO
TotalLIFONon-
LIFO
Total
Raw materials$121 $292 $413 $147 $425 $572 
Work in process116 95 211 139 107 246 
Finished goods520 692 1,212 518 870 1,388 
Supplies and other 311 311 — 302 302 
757 1,390 2,147 804 1,704 2,508 
Excess of FIFO or weighted-average cost over LIFO cost(192) (192)(239)— (239)
Total$565 $1,390 $1,955 $565 $1,704 $2,269 
Property, Plant and Equipment
December 31
Summary of Property, Plant and Equipment, Net20232022
Land$149 $156 
Buildings3,067 3,062 
Machinery and equipment15,132 14,655 
Construction in progress803 676 
19,151 18,549 
Less accumulated depreciation(11,238)(10,664)
Total$7,913 $7,885 
Schedule of Accrued Liabilities
December 31
Summary of Accrued Expenses and Other Current Liabilities20232022
Accrued advertising and promotion$524 $455 
Accrued salaries and wages518 421 
Accrued rebates268 285 
Accrued taxes - income and other294 318 
Operating leases130 127 
Accrued interest88 82 
Derivative liabilities139 200 
Other355 401 
Total$2,316 $2,289 
Summary of Cash Flow Effects of Operating Working Capital
Supplemental Cash Flow Statement Data
Summary of Cash Flow Effects of Operating Working CapitalYear Ended December 31
202320222021
Accounts receivable$127 $(151)$(37)
Inventories290 (76)(417)
Trade accounts payable(109)109 627 
Accrued expenses125 92 (124)
Accrued income taxes122 20 (4)
Derivatives(15)30 
Currency and other42 (20)(29)
Total$582 $(17)$46 
Supplemental Cash Flow Data
Year Ended December 31
Other Cash Flow Data202320222021
Interest paid$277 $270 $243 
Income taxes paid648 468 492 
Accounts Receivable, Net  
Supplemental Balance Sheet Data
December 31
Summary of Accounts Receivable, Net20232022
From customers$2,063 $2,155 
Other150 189 
Less allowance for doubtful accounts and sales discounts(78)(64)
Total$2,135 $2,280