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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 2,563 $ 2,943
Marketable securities 76 81
Accounts receivable, less allowance of $146 ($131 in 2020) 2,817 2,701
Inventories:    
Materials and supplies 663 678
Work in process 274 251
Finished goods 2,497 2,565
Total inventories 3,434 3,494
Prepaid expenses and other current assets 570 488
Total current assets 9,460 9,707
Property, plant and equipment:    
Land, buildings and improvements 1,627 1,546
Machinery and equipment 3,813 3,636
Total property, plant and equipment 5,440 5,182
Less accumulated depreciation 2,694 2,430
Property, plant and equipment, net 2,746 2,752
Goodwill 12,893 12,778
Other intangibles, net 5,058 5,554
Noncurrent deferred income tax assets 1,860 1,530
Other noncurrent assets 2,128 2,009
Total assets 34,145 34,330
Current liabilities    
Accounts payable 934 810
Accrued compensation 976 925
Income taxes 373 207
Dividends payable 238 237
Accrued product liabilities 439 515
Accrued expenses and other liabilities 1,467 1,586
Current maturities of debt 22 761
Total current liabilities 4,449 5,041
Long-term debt, excluding current maturities 12,629 13,230
Income taxes 929 990
Other noncurrent liabilities 1,960 1,985
Total liabilities 19,967 21,246
Shareholders' equity    
Common stock, $0.10 par value 38 38
Additional paid-in capital 1,875 1,741
Retained earnings 13,081 12,462
Accumulated other comprehensive loss (816) (1,157)
Total shareholders' equity 14,178 13,084
Total liabilities and shareholders' equity $ 34,145 $ 34,330