v3.26.1
Condensed Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash and temporary investments $ 1,236 $ 1,145
Restricted cash 63 0
Accounts and notes receivable, net 4,022 3,791
Contract assets 670 635
Assets held for sale 85 1,800
Inventories 1,902 2,012
Other current assets 602 723
Total Current Assets 8,580 10,106
Plants, Properties and Equipment, net 14,252 14,443
Goodwill 5,297 5,326
Intangibles, net 4,060 4,043
Long-Term Financial Assets of Variable Interest Entities (Note 15) 2,354 2,349
Right of Use Assets 652 697
Overfunded Pension Plan Assets 507 486
Deferred Charges and Other Assets 732 514
Total Assets 36,434 37,964
Current Liabilities    
Notes payable and current maturities of long-term debt 918 992
Accounts payable 3,833 3,902
Accrued payroll and benefits 693 834
Liabilities held for sale 6 502
Other current liabilities 1,623 1,669
Total Current Liabilities 7,073 7,899
Long-Term Debt 8,175 8,839
Deferred Income Taxes 1,963 1,898
Long-Term Nonrecourse Financial Liabilities of Variable Interest Entities (Note 15) 2,129 2,127
Long-Term Lease Obligations 450 486
Underfunded Pension Benefit Obligation 297 316
Postretirement and Postemployment Benefit Obligation 131 133
Other Liabilities 1,408 1,439
Equity    
Common stock, $1 par value, 2026 – 627.0 shares and 2025 – 627.0 shares 627 627
Paid-in capital 14,352 14,414
Retained earnings 4,699 4,885
Accumulated other comprehensive income (loss) (366) (528)
Total Shareholders' Equity Before Treasury Stock 19,312 19,398
Less: Common stock held in treasury, at cost, 2026 – 97.6 shares and 2025 – 99.0 shares 4,504 4,571
Total Equity 14,808 14,827
Total Liabilities and Equity $ 36,434 $ 37,964