Consolidated Financial Position at December 31 - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 6,978	$ 7,004
Receivables – trade and other	9,310	8,856
Receivables – finance	9,510	9,013
Prepaid expenses and other current assets	4,586	2,642
Inventories	16,565	16,270
Total current assets	46,949	43,785
Property, plant and equipment - net	12,680	12,028
Long-term receivables – trade and other	1,238	1,265
Long-term receivables – finance	12,664	12,013
Noncurrent deferred and refundable income taxes	2,816	2,213
Intangible assets	564	758
Goodwill	5,308	5,288
Other assets	5,257	4,593
Total assets	87,476	81,943
Short-term borrowings:
Short-term borrowings	4,643	5,957
Accounts payable	7,906	8,689
Accrued expenses	4,958	4,080
Accrued wages, salaries and employee benefits	2,757	2,313
Customer advances	1,929	1,860
Dividends payable	649	620
Other current liabilities	3,123	2,690
Long-term debt due within one year:
Total current liabilities	34,728	31,531
Long-term debt due after one year:
Liability for postemployment benefits	4,098	4,203
Other liabilities	4,675	4,604
Total liabilities	67,973	66,052
Commitments and contingencies
Shareholders’ equity
Common stock, par value (in dollars per share)	$ 1.00
Authorized shares: 2,000,000,000 Issued shares: (2023 and 2022 – 814,894,624 shares) at paid-in amount	$ 6,403	6,560
Treasury stock: (2023 - 315,517,355 shares; and 2022 - 298,549,134 shares) at cost	(36,339)	(31,748)
Profit employed in the business	51,250	43,514
Accumulated other comprehensive income (loss)	(1,820)	(2,457)
Noncontrolling interests	9	22
Total shareholders’ equity	19,503	15,891
Total liabilities and shareholders’ equity	87,476	81,943
Machinery, Energy & Transportation
Short-term borrowings:
Short-term borrowings	0	3
Long-term debt due within one year:
Long-term debt due within one year	1,044	120
Long-term debt due after one year:
Long-term debt due after one year	8,579	9,498
Financial Products
Short-term borrowings:
Short-term borrowings	4,643	5,954
Long-term debt due within one year:
Long-term debt due within one year	7,719	5,202
Long-term debt due after one year:
Long-term debt due after one year	$ 15,893	$ 16,216