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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 3,256 $ 3,652
Short-term investments 0 750
Marketable securities 87 91
Accounts receivable, less allowance of $223 ($213 in 2024) 3,643 3,987
Inventories:    
Materials and supplies 1,371 1,147
Work in process 442 336
Finished goods 3,557 3,291
Total inventories 5,370 4,774
Prepaid expenses and other current assets 1,355 1,593
Total current assets 13,711 14,847
Property, plant and equipment:    
Land, buildings and improvements 1,783 1,627
Machinery and equipment 5,622 5,056
Total property, plant and equipment 7,405 6,683
Less allowance for depreciation 3,671 3,235
Property, plant and equipment, net 3,734 3,448
Goodwill 19,256 15,855
Other intangibles, net 5,845 4,395
Noncurrent deferred income tax assets 1,374 1,742
Other noncurrent assets 3,137 2,684
Total assets 47,057 42,971
Current liabilities    
Accounts payable 1,498 1,679
Accrued compensation 1,306 1,403
Income taxes 118 539
Dividends payable 321 320
Accrued expenses and other liabilities 2,421 2,266
Current maturities of debt 1,750 1,409
Total current liabilities 7,414 7,616
Long-term debt, excluding current maturities 14,845 12,188
Income taxes 400 349
Other noncurrent liabilities 2,613 2,184
Total liabilities 25,272 22,337
Shareholders' equity    
Common stock, $0.10 par value 38 38
Additional paid-in capital 2,553 2,361
Retained earnings 19,960 18,528
Accumulated other comprehensive loss (766) (293)
Total shareholders' equity 21,785 20,634
Total liabilities and shareholders' equity $ 47,057 $ 42,971