v3.24.1.u1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and equivalents $ 1,891 $ 2,264
Receivables net of allowances for bad debts 5,103 4,860
Inventories 3,258 3,226
Other current assets 1,171 1,193
Total current assets 11,423 11,543
Property, Plant and Equipment, Net 4,973 4,900
Goodwill 2,850 2,850
Deferred income taxes 2,472 2,505
Operating lease right-of-use assets 1,082 1,088
Other assets 1,854 1,797
Total assets 24,654 24,683
Current liabilities:    
Accounts payable 3,092 3,147
Accrued employee compensation and benefits 542 689
Accrual for Taxes Other than Income Taxes, Current 311 370
Current portion of operating lease liabilities 267 262
Other current liabilities 739 750
Total current liabilities 5,379 5,608
Long-term debt 7,637 7,636
Operating lease liabilities 883 911
Employee compensation and benefits 381 408
Other liabilities 692 687
Total liabilities 14,972 15,250
Shareholders' equity:    
Common stock, par value $2.50 per share $ 2,662 $ 2,663
Common stock, par value (in dollars per share) $ 2.50 $ 2.50
Common stock, shares authorized (in shares) 2,000 2,000
Common stock, shares issued (in shares) 1,065 1,065
Paid-in capital in excess of par value $ 0 $ 63
Accumulated other comprehensive loss (332) (331)
Retained earnings 12,988 12,536
Treasury stock, at cost $ (5,682) $ (5,540)
Treasury shares (in shares) 180 176
Company shareholders' equity $ 9,636 $ 9,391
Noncontrolling interest in consolidated subsidiaries 46 42
Total shareholders' equity 9,682 9,433
Total liabilities and shareholders' equity 24,654 24,683
Accrued Income Taxes, Current $ 428 $ 390
UNITED STATES | Revenue Benchmark [Member] | Geographic Concentration Risk [Member]    
Shareholders' equity:    
Concentration Risk, Percentage 42.00%