Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current Assets
Cash and temporary investments	$ 1,113	$ 804
Accounts and notes receivable (less allowances of $34 in 2023 and $31 in 2022)	3,059	3,284
Contract assets	433	481
Inventories	1,889	1,942
Assets held for sale	0	133
Other current assets	114	126
Total Current Assets	6,608	6,770
Plants, Properties and Equipment, net	10,150	10,431
Investments	163	186
Long-Term Financial Assets of Variable Interest Entities (Note 15)	2,312	2,294
Goodwill	3,041	3,041
Overfunded Pension Plan Assets	118	297
Right of Use Assets	448	424
Deferred Charges and Other Assets	421	497
TOTAL ASSETS	23,261	23,940
Current Liabilities
Notes payable and current maturities of long-term debt	138	763
Accounts payable	2,442	2,708
Accrued payroll and benefits	397	355
Other current liabilities	982	1,174
Total Current Liabilities	3,959	5,000
Long-Term Debt	5,455	4,816
Long-Term Nonrecourse Financial Liabilities of Variable Interest Entities (Note 15)	2,113	2,106
Deferred Income Taxes	1,552	1,732
Underfunded Pension Benefit Obligation	280	281
Postretirement and Postemployment Benefit Obligation	140	150
Long-Term Lease Obligations	312	283
Other Liabilities	1,095	1,075
Commitments and Contingent Liabilities (Note 14)
Equity
Common stock $1 par value, 2023 - 448.9 shares and 2022 - 448.9 shares	449	449
Paid-in capital	4,730	4,725
Retained earnings	9,491	9,855
Accumulated other comprehensive loss	(1,565)	(1,925)
Total Shareholders' Equity Before Treasury Stock	13,105	13,104
Less: Common stock held in treasury, at cost, 2023 – 102.9 shares and 2022 – 98.6 shares	4,750	4,607
Total Equity	8,355	8,497
TOTAL LIABILITIES AND EQUITY	$ 23,261	$ 23,940