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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 1,754 $ 3,616
Marketable securities 85 83
Accounts receivable, less allowance of $70 ($64 in 2018) 2,408 2,332
Inventories:    
Materials and supplies 652 606
Work in process 186 149
Finished goods 2,360 2,200
Total inventories 3,198 2,955
Prepaid expenses and other current assets 740 747
Total current assets 8,185 9,733
Property, plant and equipment:    
Land, buildings and improvements 1,057 1,041
Machinery and equipment 3,421 3,236
Total property, plant and equipment 4,478 4,277
Less accumulated depreciation 2,091 1,986
Property, plant and equipment, net 2,387 2,291
Goodwill 8,762 8,563
Other intangibles, net 4,184 4,163
Noncurrent deferred income tax assets 1,613 1,678
Other noncurrent assets 1,223 801
Total assets 26,354 27,229
Current liabilities    
Accounts payable 616 646
Accrued compensation 640 917
Income taxes payable 139 158
Dividend payable 192 192
Accrued expenses and other liabilities 1,820 1,521
Current maturities of debt 539 1,373
Total current liabilities 3,946 4,807
Long-term debt, excluding current maturities 7,974 8,486
Income taxes 1,106 1,228
Other noncurrent liabilities 1,385 978
Total liabilities 14,411 15,499
Shareholders' equity    
Common stock, $0.10 par value 37 37
Additional paid-in capital 1,569 1,559
Retained earnings 10,967 10,765
Accumulated other comprehensive loss (630) (631)
Total shareholders' equity 11,943 11,730
Total liabilities and shareholders' equity $ 26,354 $ 27,229