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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 3,652 $ 2,971
Short-term investments 750 0
Marketable securities 91 82
Accounts receivable, less allowance of $213 ($182 in 2023) 3,987 3,765
Inventories:    
Materials and supplies 1,147 1,242
Work in process 336 330
Finished goods 3,291 3,271
Total inventories 4,774 4,843
Prepaid expenses and other current assets 1,593 857
Total current assets 14,847 12,518
Property, plant and equipment:    
Land, buildings and improvements 1,627 1,692
Machinery and equipment 5,056 4,652
Total property, plant and equipment 6,683 6,344
Less allowance for depreciation 3,235 3,129
Property, plant and equipment, net 3,448 3,215
Goodwill 15,855 15,243
Other intangibles, net 4,395 4,593
Noncurrent deferred income tax assets 1,742 1,670
Other noncurrent assets 2,684 2,673
Total assets 42,971 39,912
Current liabilities    
Accounts payable 1,679 1,517
Accrued compensation 1,403 1,478
Income taxes 539 391
Dividend payable 320 304
Accrued expenses and other liabilities 2,266 2,137
Current maturities of debt 1,409 2,094
Total current liabilities 7,616 7,921
Long-term debt, excluding current maturities 12,188 10,901
Income taxes 349 567
Other noncurrent liabilities 2,184 1,930
Total liabilities 22,337 21,319
Shareholders' equity    
Common stock, $0.10 par value 38 38
Additional paid-in capital 2,361 2,200
Retained earnings 18,528 16,771
Accumulated other comprehensive loss (293) (416)
Total shareholders' equity 20,634 18,593
Total liabilities & shareholders' equity $ 42,971 $ 39,912
Common stock, par value (in dollars per share) $ 0.10 $ 0.10