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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 1,044 $ 2,944
Marketable securities 83 75
Accounts receivable, less allowance of $144 ($167 in 2021) 3,145 3,022
Inventories:    
Materials and supplies 790 691
Work in process 315 264
Finished goods 2,644 2,359
Total inventories 3,749 3,314
Prepaid expenses and other current assets 804 662
Total current assets 8,825 10,017
Property, plant and equipment:    
Land, buildings and improvements 1,662 1,656
Machinery and equipment 3,887 3,842
Total property, plant and equipment 5,549 5,498
Less accumulated depreciation 2,746 2,665
Property, plant and equipment, net 2,803 2,833
Goodwill 15,115 12,918
Other intangibles, net 5,245 4,840
Noncurrent deferred income tax assets 1,625 1,760
Other noncurrent assets 2,419 2,263
Total assets 36,032 34,631
Current liabilities    
Accounts payable 1,160 1,129
Accrued compensation 779 1,092
Income taxes 300 192
Dividends payable 263 263
Accrued product liabilities 400 401
Accrued expenses and other liabilities 1,495 1,465
Current maturities of debt 7 7
Total current liabilities 4,404 4,549
Long-term debt, excluding current maturities 13,374 12,472
Income taxes 787 913
Other noncurrent liabilities 1,793 1,820
Total liabilities 20,358 19,754
Shareholders' equity    
Common stock, $0.10 par value 38 38
Additional paid-in capital 1,989 1,890
Retained earnings 13,933 13,480
Accumulated other comprehensive loss (286) (531)
Total shareholders' equity 15,674 14,877
Total liabilities and shareholders' equity $ 36,032 $ 34,631
Common stock, par value (in dollars per share) $ 0.10 $ 0.10