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Statement of Financial Position (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and equivalents $ 924 $ 948
Trade receivables 3,255 2,991
Inventories 1,725 1,605
Prepaid expenses and other current assets 416 312
Total current assets 6,320 5,856
Net plant and equipment 2,203 2,036
Goodwill 5,028 4,839
Intangible assets 540 592
Deferred income taxes 573 369
Other assets 1,471 1,375
Total assets 16,135 15,067
Current Liabilities:    
Short-term debt 1,267 1,555
Accounts payable 608 519
Accrued expenses 1,567 1,576
Cash dividends payable 467 441
Income taxes payable 223 217
Total current liabilities 4,132 4,308
Noncurrent Liabilities:    
Long-term debt 7,675 6,308
Deferred income taxes 149 119
Other liabilities 970 1,015
Total noncurrent liabilities 8,794 7,442
Stockholders' Equity:    
Common stock (Authorized- 700.0 shares; par value of $0.01 per share): Issued- 550.0 shares in 2025 and 2024 Outstanding- 290.1 shares in 2025 and 294.0 shares in 2024 6 6
Additional paid-in-capital 1,751 1,669
Retained earnings 29,825 28,893
Common stock held in treasury (26,498) (25,375)
Accumulated other comprehensive income (loss) (1,876) (1,877)
Noncontrolling interest 1 1
Total stockholders' equity 3,209 3,317
Total liabilities and stockholders' equity $ 16,135 $ 15,067