v3.26.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 3,271 $ 4,011
Marketable securities 0 89
Accounts receivable, less allowance of $226 ($216 in 2025) 3,693 4,039
Inventories:    
Materials and supplies 1,377 1,349
Work in process 484 415
Finished goods 3,886 3,546
Total inventories 5,747 5,310
Prepaid expenses and other current assets 1,472 1,306
Total current assets 14,183 14,755
Property, plant and equipment:    
Land, buildings and improvements 1,822 1,793
Machinery and equipment 6,176 5,744
Total property, plant and equipment 7,998 7,537
Less allowance for depreciation 3,944 3,661
Property, plant and equipment, net 4,054 3,876
Goodwill 19,326 19,291
Other intangibles, net 5,542 5,681
Noncurrent deferred income tax assets 901 1,098
Other noncurrent assets 3,241 3,143
Total assets 47,247 47,844
Current liabilities    
Accounts payable 1,634 1,799
Accrued compensation 1,363 1,595
Income taxes 65 418
Dividends payable 335 337
Accrued expenses and other liabilities 2,349 2,645
Current maturities of debt 754 1,000
Total current liabilities 6,500 7,794
Long-term debt, excluding current maturities 14,176 14,859
Income taxes 413 402
Other noncurrent liabilities 2,701 2,369
Total liabilities 23,790 25,424
Shareholders' equity    
Common stock, $0.10 par value 38 38
Additional paid-in capital 2,764 2,597
Retained earnings 21,248 20,472
Accumulated other comprehensive loss (593) (687)
Total shareholders' equity 23,457 22,420
Total liabilities and shareholders' equity $ 47,247 $ 47,844