v3.26.1
CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 562 $ 590
Receivables, Net, Current 1,830 1,731
Inventory, Net 2,250 2,245
Assets held for sale 0 151
Prepaid expenses and other current assets 795 877
Total Current Assets 5,437 5,594
Property, plant and equipment, net 3,997 4,029
Goodwill 8,220 8,269
Other intangible assets, net 5,867 6,043
Operating Lease, Right-of-Use Asset 572 579
Other assets 1,051 1,025
Total Assets 25,144 25,539
Current Liabilities:    
Short-term debt and current portion of long-term debt 1,078 1,254
Accounts payable 1,371 1,287
Accrued payroll and bonus 213 327
Dividends payable 102 102
Liabilities held for sale 0 44
Other current liabilities 881 919
Total Current Liabilities 3,645 3,933
Long-term debt 4,739 4,740
Retirement liabilities 182 186
Deferred income taxes 1,353 1,379
Operating lease liability 524 533
Other liabilities 548 582
Total Other Liabilities 7,346 7,420
Commitments and Contingencies
Shareholders' Equity:    
Common Stock, Value, Issued 35 35
Capital in excess of par value 19,932 19,918
Accumulated deficit (3,350) (3,417)
Accumulated other comprehensive loss (1,511) (1,430)
Treasury stock, at cost (20.5 and 20.0 shares as of March 31, 2026 and December 31, 2025, respectively) (986) (952)
Total Shareholders’ Equity 14,120 14,154
Non-controlling interests 33 32
Total Shareholders’ Equity including Non-controlling interests 14,153 14,186
Total Liabilities and Shareholders’ Equity $ 25,144 $ 25,539