v3.26.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and equivalents $ 1,843 $ 2,206
Receivables net of allowances for bad debts 5,515 4,942
Inventories 3,265 2,976
Other current assets 1,517 1,274
Total current assets 12,140 11,398
Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization 5,152 5,261
Goodwill 3,021 2,938
Deferred income taxes 2,377 2,298
Operating lease right-of-use assets 1,018 938
Other assets 2,365 2,177
Total assets 26,073 25,010
Current liabilities:    
Accounts payable 3,535 3,133
Accrued employee compensation and benefits 788 767
Accrued Income Taxes, Current 348 375
Accrual for Taxes Other than Income Taxes, Current 294 291
Current portion of operating lease liabilities 276 263
Current maturities of long-term debt 90 0
Other current liabilities 681 759
Total current liabilities 6,012 5,588
Long-term debt 7,072 7,158
Operating lease liabilities 760 712
Employee compensation and benefits 431 428
Other liabilities 637 619
Total liabilities 14,912 14,505
Shareholders' equity:    
Common stock, par value $2.50 per share 2,658 2,659
Paid-in capital in excess of par value 63 112
Accumulated other comprehensive loss (342) (363)
Retained earnings 15,999 15,036
Treasury stock, at cost (7,260) (6,983)
Company shareholders' equity 11,118 10,461
Noncontrolling interest in consolidated subsidiaries 43 44
Total shareholders' equity 11,161 10,505
Total liabilities and shareholders' equity $ 26,073 $ 25,010