Supplemental Balance Sheet Information (Tables)

12 Months Ended

Dec. 31, 2020

Supplemental Balance Sheet Information

Supplemental Balance Sheet Information

(Millions)	2020		2019
Other current assets
Derivative assets-current	$	34	$	75
Held-to-maturity debt security held in trust		—		470
Insurance related (receivables, prepaid expenses and other)		125		172
Other		166		174
Total other current assets	$	325	$	891
Property, plant and equipment - at cost
Land	$	338	$	351
Buildings and leasehold improvements		8,021		7,877
Machinery and equipment		16,866		16,586
Construction in progress		1,425		1,310
Gross property, plant and equipment		26,650		26,124
Accumulated depreciation		(17,229)		(16,791)
Property, plant and equipment - net	$	9,421	$	9,333
Other assets
Deferred income taxes	$	871	$	521
Prepaid pension and post retirement		630		230
Insurance related receivables and other		49		67
Cash surrender value of life insurance policies		258		254
Equity method investments		134		70
Equity and other investments		80		126
Other		418		406
Total other assets	$	2,440	$	1,674
Other current liabilities
Accrued rebates	$	639	$	594
Deferred revenue		498		430
Derivative liabilities		81		17
Employee benefits and withholdings		192		229
Contingent liability claims and other		556		566
Property, sales-related and other taxes		308		247
Pension and postretirement benefits		71		67
Other		933		906
Total other current liabilities	$	3,278	$	3,056
Other liabilities
Long term income taxes payable	$	1,511	$	1,507
Employee benefits		410		312
Contingent liability claims and other		815		787
Finance lease obligations		93		111
Deferred income taxes		333		301
Other		300		257
Total other liabilities	$	3,462	$	3,275