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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 7,083 $ 4,337
Marketable securities 78 88
Accounts receivable, less allowance of $125 ($88 in 2019) 2,426 2,893
Inventories:    
Materials and supplies 751 677
Work in process 174 178
Finished goods 2,534 2,427
Total inventories 3,459 3,282
Prepaid expenses and other current assets 499 760
Total current assets 13,545 11,360
Property, plant and equipment:    
Land, buildings and improvements 1,443 1,263
Machinery and equipment 3,396 3,451
Total property, plant and equipment 4,839 4,714
Less accumulated depreciation 2,310 2,147
Property, plant and equipment, net 2,529 2,567
Goodwill 9,128 9,069
Other intangibles, net 3,917 4,227
Noncurrent deferred income tax assets 1,627 1,575
Other noncurrent assets 1,540 1,369
Total assets 32,286 30,167
Current liabilities    
Accounts payable 647 675
Accrued compensation 680 955
Income taxes 261 171
Dividends payable 216 213
Accrued expenses and other liabilities 1,766 1,527
Current maturities of debt 1,119 859
Total current liabilities 4,689 4,400
Long-term debt, excluding current maturities 12,008 10,231
Income taxes 999 1,068
Other noncurrent liabilities 1,604 1,661
Total liabilities 19,300 17,360
Shareholders' equity    
Common stock, $0.10 par value 38 37
Additional paid-in capital 1,736 1,628
Retained earnings 12,129 11,748
Accumulated other comprehensive loss (917) (606)
Total shareholders' equity 12,986 12,807
Total liabilities and shareholders' equity $ 32,286 $ 30,167