Nature of Operations and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Contract with Customer, Asset and Liability [Table Text Block]

Contract asset and liability balances are as follows:

	June 30,		January 1,
(In millions)	2018		2018
Current Contract Assets, Net	$	471	$	396
Current Contract Liabilities	816		805
Noncurrent Contract Liabilities	337		302

Warranty Obligations [Table Text Block]

Warranty Obligations

The liability for warranties is included in other accrued expenses in the accompanying balance sheet.The changes in the carrying amount of standard product warranty obligations are as follows:

	Six Months Ended
	June 30,			July 1,
(In millions)	2018			2017
Beginning Balance	$	87		$	78
Provision charged to income	58			54
Usage	(53		)	(51		)
Acquisitions	—			1
Adjustments to previously provided warranties, net	(2		)	(1		)
Currency translation	(2		)	2
Ending Balance	$	88		$	83

Inventories [Table Text Block]

Inventories

The components of inventories are as follows:

	June 30,		December 31,
(In millions)	2018		2017
Raw Materials	$	776	$	708
Work in Process	415		505
Finished Goods	1,675		1,758
Inventories	$	2,866	$	2,971

Property, Plant and Equipment [Table Text Block]

Property, Plant and Equipment

Property, plant and equipment consists of the following:

	June 30,		December 31,
(In millions)	2018		2017
Land	$	398	$	401
Buildings and Improvements	1,668		1,662
Machinery, Equipment and Leasehold Improvements	4,408		4,276
Property, Plant and Equipment, at Cost	6,474		6,339
Less: Accumulated Depreciation and Amortization	2,522		2,292
Property, Plant and Equipment, Net	$	3,952	$	4,047

Finite-Lived Acquisition-related Intangible Assets [Table Text Block]

Acquisition-related Intangible Assets

Acquisition-related intangible assets are as follows:

	Balance at June 30, 2018							Balance at December 31, 2017
(In millions)	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Definite Lived:
Customer relationships	$	17,129	$	(6,336	)	$	10,793	$	17,356	$	(5,902	)	$	11,454
Product technology	6,012		(3,024		)	2,988		6,046		(2,811		)	3,235
Tradenames	1,516		(884		)	632		1,538		(817		)	721
Other	33		(33		)	—		34		(34		)	—
	24,690		(10,277		)	14,413		24,974		(9,564		)	15,410
Indefinite Lived:
Tradenames	1,235		N/A			1,235		1,235		N/A			1,235
In-process research and development	32		N/A			32		39		N/A			39
	1,267		N/A			1,267		1,274		N/A			1,274
Acquisition-related Intangible Assets	$	25,957	$	(10,277	)	$	15,680	$	26,248	$	(9,564	)	$	16,684

Indefinite-Lived Acquisition-related Intangible Assets [Table Text Block]

Acquisition-related Intangible Assets

Acquisition-related intangible assets are as follows:

	Balance at June 30, 2018							Balance at December 31, 2017
(In millions)	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Definite Lived:
Customer relationships	$	17,129	$	(6,336	)	$	10,793	$	17,356	$	(5,902	)	$	11,454
Product technology	6,012		(3,024		)	2,988		6,046		(2,811		)	3,235
Tradenames	1,516		(884		)	632		1,538		(817		)	721
Other	33		(33		)	—		34		(34		)	—
	24,690		(10,277		)	14,413		24,974		(9,564		)	15,410
Indefinite Lived:
Tradenames	1,235		N/A			1,235		1,235		N/A			1,235
In-process research and development	32		N/A			32		39		N/A			39
	1,267		N/A			1,267		1,274		N/A			1,274
Acquisition-related Intangible Assets	$	25,957	$	(10,277	)	$	15,680	$	26,248	$	(9,564	)	$	16,684

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

Adoption of new guidance that became effective on January 1, 2018, impacted the company's Consolidated Balance Sheet as follows:

(In millions)	December 31, 2017 as Reported			Impact of Adopting New Revenue Guidance			Impact of Adopting New Equity Investment Guidance			Impact of Adopting New Intra-entity Tax Guidance			Impact of Adopting New Hedge Accounting Guidance			Impact of Adopting New Tax Effects on Items in AOCI Guidance			January 1, 2018 as Adopted
Accounts Receivable, Less Allowances	$	3,879		$	(8	)	$	—		$	—		$	—		$	—		$	3,871
Inventories	2,971			(252		)	—			—			—			—			2,719
Other Current Assets	804			296			—			—			—			—			1,100
Other Assets	1,227			—			—			(77		)	—			—			1,150
Contract Liabilities	—			805			—			—			—			—			805
Deferred Revenue	719			(719		)	—			—			—			—			—
Other Accrued Expenses	1,848			(153		)	—			—			—			—			1,695
Deferred Income Taxes	2,766			—			—			(57		)	—			2			2,711
Other Long-term Liabilities	2,569			54			—			—			—			—			2,623
Long-term Obligations	18,873			—			—			—			(3		)	—			18,870
Retained Earnings	15,914			49			(1		)	(20		)	3			87			16,032
Accumulated Other Comprehensive Items	(2,003		)	—			1			—			—			(89		)	(2,091		)

	Three Months Ended		Six Months Ended
	July 1,		July 1,
(In millions)	2017		2017
Increase in Total Costs and Operating Expenses (principally Selling, General and Administrative Expenses)	$	3	$	5
Decrease in Operating Income	3		5
Increase in Other Income (Expense)	3		5