Statement of Financial Position (Unaudited) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current Assets:
Cash and equivalents	$ 862	$ 1,065
Trade receivables	3,250	3,123
Inventories	1,819	1,707
Prepaid expenses and other current assets	325	340
Total current assets	6,256	6,235
Net plant and equipment	2,011	1,976
Goodwill	4,910	4,909
Intangible assets	641	657
Deferred income taxes	448	479
Other assets	1,311	1,262
Total assets	15,577	15,518
Current Liabilities:
Short-term debt	2,044	1,825
Accounts payable	576	581
Accrued expenses	1,615	1,663
Cash dividends payable	416	419
Income taxes payable	153	187
Total current liabilities	4,804	4,675
Noncurrent Liabilities:
Long-term debt	6,429	6,339
Deferred income taxes	381	326
Noncurrent income taxes payable	0	151
Other liabilities	1,001	1,014
Total noncurrent liabilities	7,811	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- 269.9 shares in 2024 and 299.3 shares in 2023	6	6
Additional paid-in-capital	1,636	1,588
Retained earnings	27,866	27,122
Common stock held in treasury	(24,622)	(23,870)
Accumulated other comprehensive income (loss)	(1,925)	(1,834)
Noncontrolling interest	1	1
Total stockholders' equity	2,962	3,013
Total liabilities and stockholders' equity	$ 15,577	$ 15,518

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
Period Type:	instant

- Definition

Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations.