XML 26 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 2,943 $ 4,337
Marketable securities 81 88
Accounts receivable, less allowance of $131 ($88 in 2019) 2,701 2,893
Inventories:    
Materials and supplies 678 677
Work in process 251 178
Finished goods 2,565 2,125
Total inventories 3,494 2,980
Prepaid expenses and other current assets 488 760
Total current assets 9,707 11,058
Property, plant and equipment:    
Land, buildings and improvements 1,546 1,263
Machinery and equipment 3,636 3,451
Total property, plant and equipment 5,182 4,714
Less allowance for depreciation 2,430 2,147
Property, plant and equipment, net 2,752 2,567
Goodwill 12,778 9,069
Other intangibles, net 5,554 4,227
Noncurrent deferred income tax assets 1,530 1,575
Other noncurrent assets 2,009 1,671
Total assets 34,330 30,167
Current liabilities    
Accounts payable 810 675
Accrued compensation 925 955
Income taxes 207 171
Dividend payable 237 213
Accrued product liabilities 515 331
Accrued expenses and other liabilities 1,586 1,196
Current maturities of debt 761 859
Total current liabilities 5,041 4,400
Long-term debt, excluding current maturities 13,230 10,231
Income taxes 990 1,068
Other noncurrent liabilities 1,985 1,661
Total liabilities 21,246 17,360
Shareholders' equity    
Common stock, $0.10 par value 38 37
Additional paid-in capital 1,741 1,628
Retained earnings 12,462 11,748
Accumulated other comprehensive loss (1,157) (606)
Total shareholders' equity 13,084 12,807
Total liabilities & shareholders' equity $ 34,330 $ 30,167