Statement of Financial Position (Unaudited) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current Assets:
Cash and equivalents	$ 1,296	$ 1,527
Trade receivables	3,126	2,840
Inventories	1,883	1,694
Prepaid expenses and other current assets	377	313
Total current assets	6,682	6,374
Net plant and equipment	1,795	1,809
Goodwill	5,008	4,965
Intangible assets	875	972
Deferred income taxes	546	552
Other assets	1,380	1,405
Total assets	16,286	16,077
Current Liabilities:
Short-term debt	1,041	778
Accounts payable	696	585
Accrued expenses	1,541	1,648
Cash dividends payable	380	382
Income taxes payable	200	77
Total current liabilities	3,858	3,470
Long-term debt	6,817	6,909
Noncurrent Liabilities:
Long-term debt	6,817	6,909
Deferred income taxes	627	654
Noncurrent income taxes payable	365	365
Other liabilities	1,037	1,053
Total noncurrent liabilities	8,846	8,981
Stockholders' Equity:
Common stock (par value of $0.01 per share): issued- 550.0 shares in 2022 and 2021 outstanding- 311.4 shares in 2022 and 312.9 shares in 2021	6	6
Additional paid-in-capital	1,447	1,432
Retained earnings	24,607	24,325
Common stock held in treasury	(21,008)	(20,636)
Accumulated other comprehensive income (loss)	(1,471)	(1,502)
Noncontrolling interest	1	1
Total stockholders' equity	3,582	3,626
Total liabilities and stockholders' equity	$ 16,286	$ 16,077

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
Period Type:	instant

- Definition

Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations.