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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 2,241 $ 2,943
Marketable securities 84 81
Accounts receivable, less allowance of $141 ($131 in 2020) 2,714 2,701
Inventories:    
Materials and supplies 658 678
Work in process 264 251
Finished goods 2,509 2,565
Total inventories 3,431 3,494
Prepaid expenses and other current assets 562 488
Total current assets 9,032 9,707
Property, plant and equipment:    
Land, buildings and improvements 1,607 1,546
Machinery and equipment 3,755 3,636
Total property, plant and equipment 5,362 5,182
Less accumulated depreciation 2,624 2,430
Property, plant and equipment, net 2,738 2,752
Goodwill 12,802 12,778
Other intangibles, net 5,261 5,554
Noncurrent deferred income tax assets 1,751 1,530
Other noncurrent assets 2,114 2,009
Total assets 33,698 34,330
Current liabilities    
Accounts payable 864 810
Accrued compensation 890 925
Income taxes 300 207
Dividends payable 238 237
Accrued product liabilities 444 515
Accrued expenses and other liabilities 1,510 1,586
Current maturities of debt 6 761
Total current liabilities 4,252 5,041
Long-term debt, excluding current maturities 12,734 13,230
Income taxes 927 990
Other noncurrent liabilities 1,965 1,985
Total liabilities 19,878 21,246
Shareholders' equity    
Common stock, $0.10 par value 38 38
Additional paid-in capital 1,844 1,741
Retained earnings 12,881 12,462
Accumulated other comprehensive loss (943) (1,157)
Total shareholders' equity 13,820 13,084
Total liabilities and shareholders' equity $ 33,698 $ 34,330