Consolidated Balance Sheet - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current Assets
Cash and temporary investments	$ 1,049	$ 1,113
Accounts and notes receivable, net	3,197	3,059
Contract assets	436	433
Inventories	1,728	1,889
Other current assets	147	114
Total Current Assets	6,557	6,608
Plants, Properties and Equipment, net	9,953	10,150
Investments	163	163
Long-Term Financial Assets of Variable Interest Entities (Note 15)	2,321	2,312
Goodwill	3,040	3,041
Overfunded Pension Plan Assets	171	118
Right of Use Assets	439	448
Deferred Charges and Other Assets	419	421
Total Assets	23,063	23,261
Current Liabilities
Notes payable and current maturities of long-term debt	259	138
Accounts payable	2,350	2,442
Accrued payroll and benefits	473	397
Other current liabilities	1,032	982
Total Current Liabilities	4,114	3,959
Long-Term Debt	5,329	5,455
Long-Term Nonrecourse Financial Liabilities of Variable Interest Entities (Note 15)	2,117	2,113
Deferred Income Taxes	1,131	1,552
Underfunded Pension Benefit Obligation	249	280
Postretirement and Postemployment Benefit Obligation	130	140
Long-Term Lease Obligations	299	312
Other Liabilities	1,099	1,095
Equity
Common stock, $1 par value, 2024 – 448.9 shares and 2023 – 448.9 shares	449	449
Paid-in capital	4,688	4,730
Retained earnings	9,719	9,491
Accumulated other comprehensive loss	(1,580)	(1,565)
Shareholders' Equity before Treasury Stock, Total	13,276	13,105
Less: Common stock held in treasury, at cost, 2024 – 101.6 shares and 2023 – 102.9 shares	4,681	4,750
Total Equity	8,595	8,355
Total Liabilities and Equity	$ 23,063	$ 23,261