v3.26.1
Condensed Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and temporary investments $ 726 $ 1,145
Accounts and notes receivable, net 4,253 3,791
Contract assets 622 635
Assets held for sale 0 1,800
Inventories 1,961 2,012
Other current assets 682 723
Total Current Assets 8,244 10,106
Plants, Properties and Equipment, net 14,825 14,443
Goodwill 5,290 5,326
Intangibles, net 3,940 4,043
Long-Term Financial Assets of Variable Interest Entities (Note 15) 2,358 2,349
Right of Use Assets 672 697
Overfunded Pension Plan Assets 533 486
Deferred Charges and Other Assets 659 514
Total Assets 36,521 37,964
Current Liabilities    
Notes payable and current maturities of long-term debt 1,002 992
Accounts payable 4,128 3,902
Accrued payroll and benefits 732 834
Liabilities held for sale 0 502
Other current liabilities 1,644 1,669
Total Current Liabilities 7,506 7,899
Long-Term Debt 8,215 8,839
Deferred Income Taxes 1,950 1,898
Long-Term Nonrecourse Financial Liabilities of Variable Interest Entities (Note 15) 2,131 2,127
Long-Term Lease Obligations 471 486
Underfunded Pension Benefit Obligation 296 316
Postretirement and Postemployment Benefit Obligation 128 133
Other Liabilities 1,369 1,439
Equity    
Common stock, $1 par value, 2026 – 627.0 shares and 2025 – 627.0 shares 627 627
Paid-in capital 14,372 14,414
Retained earnings 4,440 4,885
Accumulated other comprehensive income (loss) (485) (528)
Total Shareholders' Equity Before Treasury Stock 18,954 19,398
Less: Common stock held in treasury, at cost, 2026 – 97.5 shares and 2025 – 99.0 shares 4,499 4,571
Total Equity 14,455 14,827
Total Liabilities and Equity $ 36,521 $ 37,964