Statement of Financial Position (Unaudited) - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current Assets:
Cash and equivalents	$ 839	$ 851
Trade receivables	3,564	3,227
Inventories	1,756	1,659
Prepaid expenses and other current assets	441	463
Total current assets	6,600	6,200
Net plant and equipment	2,235	2,230
Goodwill	5,074	5,098
Intangible assets	558	591
Deferred income taxes	489	519
Other assets	1,538	1,510
Total assets	16,494	16,148
Current Liabilities:
Short-term debt	3,145	2,286
Accounts payable	636	522
Accrued expenses	1,592	1,636
Cash dividends payable	457	465
Income taxes payable	123	217
Total current liabilities	5,953	5,126
Noncurrent Liabilities:
Long-term debt	6,549	6,683
Deferred income taxes	162	154
Other liabilities	935	959
Total noncurrent liabilities	7,646	7,796
Stockholders' Equity:
Common stock (Authorized- 700.0 shares; par value of $0.01 per share): Issued- 550.0 shares in 2026 and 2025 Outstanding- 0.0 shares in 2026 and 288.6 shares in 2025	6	6
Additional paid-in-capital	1,838	1,771
Retained earnings	30,812	30,150
Common stock held in treasury	(28,004)	(26,875)
Accumulated other comprehensive income (loss)	(1,758)	(1,827)
Noncontrolling interest	1	1
Total stockholders' equity	2,895	3,226
Total liabilities and stockholders' equity	$ 16,494	$ 16,148

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
Period Type:	instant

- Definition

Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations.