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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 6,539 $ 4,337
Marketable securities 80 88
Accounts receivable, less allowance of $114 ($88 in 2019) 2,203 2,893
Inventories:    
Materials and supplies 785 677
Work in process 158 178
Finished goods 2,499 2,427
Total inventories 3,442 3,282
Prepaid expenses and other current assets 537 760
Total current assets 12,801 11,360
Property, plant and equipment:    
Land, buildings and improvements 1,445 1,263
Machinery and equipment 3,330 3,451
Total property, plant and equipment 4,775 4,714
Less accumulated depreciation 2,248 2,147
Property, plant and equipment, net 2,527 2,567
Goodwill 9,074 9,069
Other intangibles, net 4,012 4,227
Noncurrent deferred income tax assets 1,570 1,575
Other noncurrent assets 1,499 1,369
Total assets 31,483 30,167
Current liabilities    
Accounts payable 635 675
Accrued compensation 528 955
Income taxes 214 171
Dividends payable 216 213
Accrued expenses and other liabilities 1,702 1,527
Current maturities of debt 1,110 859
Total current liabilities 4,405 4,400
Long-term debt, excluding current maturities 11,811 10,231
Income taxes 990 1,068
Other noncurrent liabilities 1,523 1,661
Total liabilities 18,729 17,360
Shareholders' equity    
Common stock, $0.10 par value 38 37
Additional paid-in capital 1,706 1,628
Retained earnings 11,725 11,748
Accumulated other comprehensive loss (715) (606)
Total shareholders' equity 12,754 12,807
Total liabilities and shareholders' equity $ 31,483 $ 30,167