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Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Thousands, $ in Millions
Sep. 30, 2023
Dec. 31, 2022
Assets    
Inventories $ 4,207 $ 3,550
Finance receivables, net 599 563
Total assets 16,492 16,293
Liabilities    
Total liabilities 9,425 9,180
Shareholders’ equity    
Common stock 26 26
Capital surplus 2,031 1,880
Treasury stock (976) (84)
Retained earnings 6,614 5,903
Accumulated other comprehensive loss (628) (612)
Total shareholders’ equity 7,067 7,113
Total liabilities and shareholders’ equity $ 16,492 $ 16,293
Common shares outstanding (in shares) 196,191 206,161
Manufacturing group    
Assets    
Cash and equivalents $ 1,671 $ 1,963
Accounts receivable, net 892 855
Inventories 4,207 3,550
Other current assets 815 1,033
Total current assets 7,585 7,401
Property, plant and equipment, less accumulated depreciation and amortization of $5,261 and $5,084, respectively 2,451 2,523
Goodwill 2,281 2,283
Other assets 3,508 3,422
Total assets 15,825 15,629
Liabilities    
Current portion of long-term debt 357 7
Accounts payable 1,216 1,018
Other current liabilities 2,814 2,645
Total current liabilities 4,387 3,670
Other liabilities 1,789 1,879
Long-term debt 2,824 3,175
Total liabilities 9,000 8,724
Finance group    
Assets    
Cash and equivalents 45 72
Finance receivables, net 599 563
Other assets 23 29
Total assets 667 664
Liabilities    
Other liabilities 75 81
Debt 350 375
Total liabilities $ 425 $ 456