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Statement of Financial Position (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and equivalents $ 959 $ 1,065
Trade receivables 3,238 3,123
Inventories 1,825 1,707
Prepaid expenses and other current assets 349 340
Total current assets 6,371 6,235
Net plant and equipment 1,973 1,976
Goodwill 4,904 4,909
Intangible assets 653 657
Deferred income taxes 462 479
Other assets 1,290 1,262
Total assets 15,653 15,518
Current Liabilities:    
Short-term debt 2,066 1,825
Accounts payable 597 581
Accrued expenses 1,512 1,663
Cash dividends payable 418 419
Income taxes payable 251 187
Total current liabilities 4,844 4,675
Noncurrent Liabilities:    
Long-term debt 6,259 6,339
Deferred income taxes 380 326
Noncurrent income taxes payable 151 151
Other liabilities 998 1,014
Total noncurrent liabilities 7,788 7,830
Stockholders' Equity:    
Common stock (Authorized- 700.0 shares; par value of $0.01 per share): Issued- 550.0 shares in 2024 and 2023 Outstanding- 298.4 shares in 2024 and 299.3 shares in 2023 6 6
Additional paid-in-capital 1,618 1,588
Retained earnings 27,523 27,122
Common stock held in treasury (24,243) (23,870)
Accumulated other comprehensive income (loss) (1,884) (1,834)
Noncontrolling interest 1 1
Total stockholders' equity 3,021 3,013
Total liabilities and stockholders' equity $ 15,653 $ 15,518