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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 1,458 $ 2,944
Marketable securities 72 75
Accounts receivable, less allowance of $140 ($167 in 2021) 2,991 3,022
Inventories:    
Materials and supplies 750 691
Work in process 298 264
Finished goods 2,477 2,359
Total inventories 3,525 3,314
Prepaid expenses and other current assets 679 662
Total current assets 8,725 10,017
Property, plant and equipment:    
Land, buildings and improvements 1,708 1,656
Machinery and equipment 3,824 3,842
Total property, plant and equipment 5,532 5,498
Less accumulated depreciation 2,739 2,665
Property, plant and equipment, net 2,793 2,833
Goodwill 15,228 12,918
Other intangibles, net 5,430 4,840
Noncurrent deferred income tax assets 1,602 1,760
Other noncurrent assets 2,359 2,263
Total assets 36,137 34,631
Current liabilities    
Accounts payable 1,084 1,129
Accrued compensation 703 1,092
Income taxes 173 192
Dividends payable 263 263
Accrued product liabilities 430 401
Accrued expenses and other liabilities 1,541 1,465
Current maturities of debt 214 7
Total current liabilities 4,408 4,549
Long-term debt, excluding current maturities 13,885 12,472
Income taxes 917 913
Other noncurrent liabilities 1,881 1,820
Total liabilities 21,091 19,754
Shareholders' equity    
Common stock, $0.10 par value 38 38
Additional paid-in capital 1,947 1,890
Retained earnings 13,540 13,480
Accumulated other comprehensive loss (479) (531)
Total shareholders' equity 15,046 14,877
Total liabilities and shareholders' equity $ 36,137 $ 34,631
Common stock, par value (in dollars per share) $ 0.10 $ 0.10