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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 2,238 $ 2,943
Marketable securities 74 81
Accounts receivable, less allowance of $132 ($131 in 2020) 2,616 2,701
Inventories:    
Materials and supplies 664 678
Work in process 266 251
Finished goods 2,543 2,565
Total inventories 3,473 3,494
Prepaid expenses and other current assets 578 488
Total current assets 8,979 9,707
Property, plant and equipment:    
Land, buildings and improvements 1,566 1,546
Machinery and equipment 3,640 3,636
Total property, plant and equipment 5,206 5,182
Less accumulated depreciation 2,496 2,430
Property, plant and equipment, net 2,710 2,752
Goodwill 12,803 12,778
Other intangibles, net 5,378 5,554
Noncurrent deferred income tax assets 1,519 1,530
Other noncurrent assets 2,066 2,009
Total assets 33,455 34,330
Current liabilities    
Accounts payable 767 810
Accrued compensation 689 925
Income taxes 253 207
Dividends payable 237 237
Accrued product liabilities 505 515
Accrued expenses and other liabilities 1,487 1,586
Current maturities of debt 15 761
Total current liabilities 3,953 5,041
Long-term debt, excluding current maturities 13,059 13,230
Income taxes 986 990
Other noncurrent liabilities 1,955 1,985
Total liabilities 19,953 21,246
Shareholders' equity    
Common stock, $0.10 par value 38 38
Additional paid-in capital 1,806 1,741
Retained earnings 12,525 12,462
Accumulated other comprehensive loss (867) (1,157)
Total shareholders' equity 13,502 13,084
Total liabilities and shareholders' equity $ 33,455 $ 34,330