Supplemental Balance Sheet Information

12 Months Ended

Dec. 31, 2011

Supplemental Balance Sheet Information

Supplemental Balance Sheet Information

NOTE 5.  Supplemental Balance Sheet Information

Accounts payable (included as a separate line item in the Consolidated Balance Sheet) includes drafts payable on demand of $82 million at both December 31, 2011, and 2010. Accumulated depreciation for capital leases totaled $60 million and $50 million as of December 31, 2011, and 2010, respectively. Additional supplemental balance sheet information is provided in the table that follows.

(Millions)	2011			2010
Other current assets
Prepaid expenses and other	$	676		$	555
Deferred income taxes	385			282
Derivative assets-current	107			38
Product and other insurance receivables	109			92
Total other current assets	$	1,277		$	967
Investments
Equity method	$	98		$	84
Cost method	47			36
Other investments	10			26
Total investments	$	155		$	146
Property, plant and equipment — at cost
Land	$	377		$	358
Buildings and leasehold improvements	6,587			6,321
Machinery and equipment	13,240			12,769
Construction in progress	814			656
Capital leases	148			149
Gross property, plant and equipment	21,166			20,253
Accumulated depreciation	(13,500		)	(12,974		)
Property, plant and equipment — net	$	7,666		$	7,279
Other assets
Deferred income taxes	$	1,018		$	648
Product and other insurance receivables	151			143
Cash surrender value of life insurance policies	223			213
Other	264			258
Total other assets	$	1,656		$	1,262
Other current liabilities
Accrued trade payables	$	516		$	476
Deferred income	389			369
Derivative liabilities	49			87
Restructuring actions	6			22
Employee benefits and withholdings	160			167
Product and other claims	159			132
Property and other taxes	94			196
Pension and postretirement benefits	53			41
Deferred income taxes	23			26
Other	636			506
Total other current liabilities	$	2,085		$	2,022
Other liabilities
Long term income taxes payable	$	595		$	627
Employee benefits	577			524
Product and other claims	329			324
Capital lease obligations	79			94
Deferred income	19			18
Deferred income taxes	251			198
Other	7			69
Total other liabilities	$	1,857		$	1,854