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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 1,844 $ 2,944
Marketable securities 84 75
Accounts receivable, less allowance of $154 ($167 in 2021) 3,565 3,022
Inventories:    
Materials and supplies 1,006 691
Work in process 348 264
Finished goods 2,641 2,359
Total inventories 3,995 3,314
Prepaid expenses and other current assets 787 662
Total current assets 10,275 10,017
Property, plant and equipment:    
Land, buildings and improvements 1,739 1,656
Machinery and equipment 4,066 3,842
Total property, plant and equipment 5,805 5,498
Less allowance for depreciation 2,835 2,665
Property, plant and equipment, net 2,970 2,833
Goodwill 14,880 12,918
Other intangibles, net 4,885 4,840
Noncurrent deferred income tax assets 1,410 1,760
Other noncurrent assets 2,464 2,263
Total assets 36,884 34,631
Current liabilities    
Accounts payable 1,413 1,129
Accrued compensation 1,149 1,092
Income taxes 292 192
Dividend payable 284 263
Accrued product liabilities 230 401
Accrued expenses and other liabilities 1,744 1,465
Current maturities of debt 1,191 7
Total current liabilities 6,303 4,549
Long-term debt, excluding current maturities 11,857 12,472
Income taxes 641 913
Other noncurrent liabilities 1,467 1,820
Total liabilities 20,268 19,754
Shareholders' equity    
Common stock, $0.10 par value 38 38
Additional paid-in capital 2,034 1,890
Retained earnings 14,765 13,480
Accumulated other comprehensive loss (221) (531)
Total shareholders' equity 16,616 14,877
Total liabilities & shareholders' equity $ 36,884 $ 34,631
Common stock, par value (in dollars per share) $ 0.10 $ 0.10