Cummins Inc(NYSE:CMI) 
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and New Power. The company offers diesel and natural ga...
Website: http://www.cummins.com
Founded: 1919
Full Time Employees: 61,615
Sector: Industrials
Industry: Specialty Industrial Machinery
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At a glance:
- Demand Supported by Power Systems and Aftermarket Services: Cummins benefits from a diversified mix across engine, components, power systems, and a sizable aftermarket/service footprint that can help stabilize results across cycles.
- Emissions and Fuel-Efficiency Regulations Drive Product Investment: Tighter global emissions standards continue to require ongoing R&D and product updates, supporting competitive positioning but pressuring costs and execution timelines.
- Energy Transition Creates Both Opportunity and Uncertainty: Hydrogen, fuel cells, and electrified powertrain initiatives expand Cummins’ long-term addressable market, though adoption timing and returns on investment remain key watch points.
- Cyclical End-Markets and Industrial Activity Remain Key Swing Factors: Results are sensitive to heavy-duty truck builds, off-highway equipment demand, and broader industrial/energy capex trends, which can drive volatility in volumes and margins.
- Supply Chain and Commodity Costs Influence Margins: Input costs and supply availability (e.g., metals, electronics) can affect manufacturing efficiency and pricing dynamics, making cost control and sourcing strategy important margin levers.
Bull Thesis:
- Leadership in Energy Transition with Accelera: Cummins is strategically investing heavily in its Accelera business unit, focusing on hydrogen fuel cells, electrolyzers, and electric powertrains. This positions the company as a key player in the global shift towards zero-emissions technologies, offering significant long-term growth potential and market diversification beyond traditional engines.
- Robust Diversified Portfolio and Market Leadership: Cummins maintains strong market positions across its Engine, Components, Power Systems, and Distribution segments. Its broad product portfolio and global reach in various end markets (on-highway, off-highway, power generation) provide resilience against downturns in any single sector and ensure a stable revenue base.
- Stable and High-Margin Aftermarket Business: The Distribution segment, which includes parts, service, and support for Cummins' vast installed base of engines, provides a consistent and high-margin revenue stream. This aftermarket business acts as a significant buffer during periods of lower new equipment sales and contributes substantially to overall profitability.
- "Destination Zero" Strategy Mitigates Transition Risk: Cummins' 'Destination Zero' strategy offers customers a range of power solutions, from advanced diesel and natural gas to hydrogen and electric. This allows customers to transition at their own pace, ensuring Cummins remains a relevant and preferred supplier across the entire spectrum of evolving energy needs, rather than being solely reliant on one technology.
Bear Thesis:
- Significant Investment Drag on Short-Term Profitability: The substantial capital expenditure and R&D required for developing and scaling the Accelera zero-emissions technologies are currently a drag on Cummins' short-term profitability and free cash flow. It will take time for these new ventures to achieve scale and become net positive contributors to earnings.
- Cyclicality of Core Heavy-Duty Markets: Cummins' traditional engine and power generation businesses are highly susceptible to economic cycles, particularly in the construction, mining, agriculture, and trucking sectors. A slowdown in global economic growth or industrial activity could lead to reduced demand for new equipment and impact core revenue and earnings.
- Intense Competition in Emerging Zero-Emissions Markets: The nascent zero-emissions technology market (e.g., hydrogen, electric powertrains) is attracting numerous new entrants and established competitors. Cummins faces significant competition from both startups and other large industrial players, which could make it challenging to achieve dominant market share and profitability in these new segments.
- Risk of Faster Decline in Legacy ICE Business: While Cummins is investing in new technologies, there's a risk that the decline in demand for traditional internal combustion engines (ICE) could accelerate due to stricter regulations or faster customer adoption of alternative fuels. This could outpace the growth of the Accelera business, leading to overall revenue stagnation or decline.
Main Competitors:
- Caterpillar Inc. ($CAT) (Cat engines (diesel, natural gas), power generation systems, heavy equipment), Competes directly with Cummins in the supply of diesel and natural gas engines for heavy-duty industrial applications, construction, mining, marine, and power generation. They also offer complete power generation systems, including generators and switchgear, and are a major OEM that often uses its own engines.
- Daimler Truck AG ($DTG.DE) (Detroit Diesel engines, Mercedes-Benz engines, Freightliner/Western Star trucks), A major competitor in the heavy-duty truck market, where its Detroit Diesel engines (and Mercedes-Benz engines globally) compete directly with Cummins for OEM installations in their own truck brands (Freightliner, Western Star, Mercedes-Benz) and potentially for other OEMs.
- Volvo Group ($VOLV-B.ST) (Volvo Penta engines, Volvo D-series engines, Mack/Volvo trucks), Competes with Cummins through its own engine manufacturing capabilities (Volvo D-series for trucks, Volvo Penta for marine and industrial applications). As a significant OEM, Volvo often integrates its proprietary engines, reducing the market for Cummins' engine supply.
- Rolls-Royce Power Systems (MTU) ($RR.L) (MTU engines (diesel, gas), power generation systems), Specializes in high-performance diesel and gas engines for marine, rail, power generation, defense, and industrial applications, directly competing with Cummins in these higher-horsepower and specialized segments, particularly for critical power needs.
Moat:
Cummins Inc. maintains a strong competitive moat primarily through its global reputation for reliable and durable power solutions, an extensive worldwide service and distribution network, and continuous investment in advanced engine technologies and alternative power solutions. Its long-standing relationships with major OEMs across diverse industries (trucking, construction, marine, power generation) also provide a significant advantage. The competitive landscape is intense, characterized by large, diversified industrial conglomerates like Caterpillar, Volvo, and Daimler Truck, which often produce their own engines, as well as specialized engine manufacturers such as Rolls-Royce Power Systems (MTU). Cummins also faces increasing competition and the need for substantial R&D investment in the rapidly evolving areas of electrification, hydrogen, and other alternative fuels, driven by stringent global emissions regulations and the broader energy transition.
Income Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-10-03 | 2021-07-04 | 2021-04-04 | 2020-12-31 | 2020-09-27 | 2020-06-28 | 2020-03-29 | 2019-12-31 | 2019-09-29 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-07-01 | 2018-04-01 | 2017-12-31 | 2017-10-01 | 2017-07-02 | 2017-04-02 | 2016-12-31 | 2016-10-02 | 2016-07-03 | 2016-04-03 | 2015-12-31 | 2015-09-27 | 2015-06-28 | 2015-03-29 | 2014-12-31 | 2014-09-28 | 2014-06-29 | 2014-03-30 | 2013-12-31 | 2013-09-29 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-07-01 | 2012-04-01 | 2011-09-25 | 2011-06-26 | 2011-03-27 | 2010-09-26 | 2010-06-27 | 2010-03-28 | 2009-09-27 | 2009-06-28 | 2009-03-29 | 2008-09-28 | 2008-03-30 | 2007-09-30 | 2007-08-02 | 2007-07-01 | 2007-04-01 | 2006-12-31 | 2006-10-01 | 2006-04-02 | 2005-12-31 | 2005-09-25 | 2005-06-26 | 2005-03-27 | 2004-12-31 | 2004-06-27 |
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total segment ebitda | 1,166,000,000 | 1,572,000,000 | 1,519,000,000 | 1,006,750,000 | 1,361,000,000 | 1,349,000,000 | 1,317,000,000 | 995,750,000 | 1,262,000,000 | 1,297,000,000 | 845,000,000 | 726,250,000 | 912,000,000 | 983,000,000 | 1,010,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intersegment eliminations and other | 21,000,000 | 15,000,000 | -59,000,000 | 319,750,000 | 28,000,000 | -4,000,000 | 1,255,000,000 | -22,000,000 | -32,000,000 | 7,000,000 | -90,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | 83,000,000 | 87,000,000 | 77,000,000 | 89,000,000 | 83,000,000 | 109,000,000 | 89,000,000 | 92,000,000 | 97,000,000 | 99,000,000 | 87,000,000 | 198,999,939 | 61 | 34 | 17,000,000 | 26,000,000 | 28,000,000 | 29,000,000 | 28,000,000 | 6.25 | 25 | 23 | 23 | 108,999,974 | 26 | 29 | 32 | -81,999,919 | 30,000,000 | 28,000,000 | 24,000,000 | 12,000,000 | 18,000,000 | 21,000,000 | 18,000,000 | 18,000,000 | 16,000,000 | 16,000,000 | 19,000,000 | 18,000,000 | 16,000,000 | 17,000,000 | 14,000,000 | 17,000,000 | 15,000,000 | 15,000,000 | 17,000,000 | 19,000,000 | 8,000,000 | 8,000,000 | 6,000,000 | 9,000,000 | 8,000,000 | 8,000,000 | 11,000,000 | 13,000,000 | 10,000,000 | 11,000,000 | 9,000,000 | 9,000,000 | 9,000,000 | 10,000,000 | 7,000,000 | 10,000,000 | 11,000,000 | 14,000,000 | 14,000,000 | 14,000,000 | 16,000,000 | 20,000,000 | 23,000,000 | 27,000,000 | 26,000,000 | 27,000,000 | 28,000,000 | 28,000,000 | 27,000,000 | |
depreciation and amortization | 274,000,000 | 275,000,000 | 266,000,000 | 196,000,000 | 263,000,000 | 259,000,000 | 262,000,000 | 189,000,000 | 255,000,000 | 256,000,000 | 160,000,000 | 123,500,000 | 159,000,000 | 166,000,000 | 169,000,000 | 168 | 156 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | 830,000,000 | 1,225,000,000 | 1,117,000,000 | 662,000,000 | 1,043,000,000 | 977,000,000 | 2,221,000,000 | -1,230,000,000 | 878,000,000 | 949,000,000 | 1,029,000,000 | 2,818,999,392 | 608 | 855 | 578,000,000 | 514,000,000 | 675,000,000 | 779,000,000 | 783,000,000 | 171.5 | 686 | 362 | 655 | 2,833,999,245 | 755 | 871 | 845 | -2,042,997,635 | 805,000,000 | 715,000,000 | 523,000,000 | 161,000,000 | 622,000,000 | 599,000,000 | 548,000,000 | 508,000,000 | 382,000,000 | 575,000,000 | 465,000,000 | 212,000,000 | 561,000,000 | 704,000,000 | 548,000,000 | 612,000,000 | 669,000,000 | 642,000,000 | 511,000,000 | 547,000,000 | 528,000,000 | 613,000,000 | 431,000,000 | 487,000,000 | 661,000,000 | 650,000,000 | 629,000,000 | 762,000,000 | 522,000,000 | 438,000,000 | 392,000,000 | 257,000,000 | 146,000,000 | 99,000,000 | 21,000,000 | |||||||||||||||
included intersegment sales, intersegment profit in inventory and unallocated corporate expenses. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
included a 1.3 billion gain related the divestiture of atmus and 14 million of costs associated with the divestiture of atmus (included in corporate expenses) for the nine months ended september 30, 2024. see note 15, "atmus divestiture," for additional information. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
in millions, except per share amounts | 2,025 | 2,025 | 2,025 | 506 | 2,024 | 2,024 | 2,024 | 505.75 | 2,023 | 2,023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net sales | 8,317 | 8,643 | 8,174 | 34,101,974,345 | 8,456 | 8,796 | 8,403 | 34,064,974,478 | 8,431 | 8,638 | 8,453,000,000 | 28,073,992,667 | 7,333 | 6,586 | 6,385 | 24,020,981,829 | 5,968 | 6,111 | 6,092 | 19,810,994,882 | 5,118 | 3,852 | 23,570,994,232 | 5,768 | 6,221 | 6,004 | -17,644,976,229 | 5,943,000,000 | 6,132,000,000 | 5,570,000,000 | 5,476,000,000 | 5,285,000,000 | 5,078,000,000 | 4,589,000,000 | 4,503,000,000 | 4,187,000,000 | 4,528,000,000 | 4,291,000,000 | 4,766,000,000 | 4,620,000,000 | 5,015,000,000 | 4,709,000,000 | 5,090,000,000 | 4,890,000,000 | 4,835,000,000 | 4,406,000,000 | 4,588,000,000 | 4,266,000,000 | 4,525,000,000 | 3,922,000,000 | 4,118,000,000 | 4,452,000,000 | 4,472,000,000 | 4,626,000,000 | 4,641,000,000 | 3,860,000,000 | 3,401,000,000 | 3,208,000,000 | 2,478,000,000 | 2,530,000,000 | 2,431,000,000 | 2,439,000,000 | 3,693,000,000 | 3,474,000,000 | 3,372,000,000 | 3,343,000,000 | 3,343,000,000 | 2,817,000,000 | 3,033,000,000 | 2,809,000,000 | 2,678,000,000 | 2,753,000,000 | 2,467,000,000 | 2,490,000,000 | 2,208,000,000 | 2,124,000,000 | ||
yoy | -1.64% | -1.74% | -2.73% | 0.11% | 0.30% | 1.83% | -100.00% | 21.34% | 14.97% | 31.16% | 132388310.34% | 16.87% | 22.87% | 7.77% | 4.81% | 21.25% | 16.61% | 58.64% | -15.95% | -11.27% | -38.08% | -233.58% | -100.00% | -100.00% | -100.00% | -422.22% | 12.45% | 20.76% | 21.38% | 21.61% | 26.22% | 12.15% | 6.94% | -5.52% | -9.37% | -9.71% | -8.88% | -6.37% | -5.52% | 3.72% | 6.88% | 10.94% | 14.63% | 6.85% | 12.34% | 11.41% | -4.18% | 1.19% | -15.22% | -11.27% | 15.34% | 31.49% | 44.20% | 87.29% | 52.57% | 39.90% | 31.53% | -32.90% | -27.17% | -27.91% | -27.04% | 10.47% | 23.32% | 11.18% | 19.01% | 24.83% | 2.32% | 22.94% | 12.81% | 21.29% | 16.15% | |||||||
qoq | -3.77% | 5.74% | -100.00% | 403287203.04% | -3.87% | 4.68% | -100.00% | 404044194.60% | -2.40% | -100.00% | -69.89% | 382844474.76% | 11.34% | 3.15% | -100.00% | 402496244.32% | -2.34% | 0.31% | -100.00% | 387084598.75% | 32.87% | 408650978.92% | -7.28% | 3.61% | -100.00% | -396.90% | -3.08% | 10.09% | 1.72% | 3.61% | 4.08% | 10.66% | 1.91% | 7.55% | -7.53% | 5.52% | -9.97% | 3.16% | -7.88% | 6.50% | -7.49% | 4.09% | 1.14% | 9.74% | -3.97% | 7.55% | -5.72% | 15.37% | -4.76% | -7.50% | -0.45% | -3.33% | -0.32% | 20.23% | 13.50% | 6.02% | 29.46% | -2.06% | 4.07% | -0.33% | -33.96% | 6.30% | 3.02% | 0.87% | 0.00% | 18.67% | -7.12% | 7.97% | 4.89% | -2.72% | 11.59% | -0.92% | 12.77% | |||||
net income attributable to cummins inc. | 536 | 890 | 824 | 3,945,996,472 | 809 | 726 | 1,993 | 734,997,834 | 656 | 720 | 790,000,000 | 2,150,999,600 | 400 | 702 | 418,000,000 | 394,000,000 | 534,000,000 | 600,000,000 | 603,000,000 | 1,788,999,499 | 501 | 276 | 2,259,999,378 | 622 | 675 | 663 | -1,561,997,859 | 692,000,000 | 545,000,000 | 325,000,000 | -274,000,000 | 453,000,000 | 424,000,000 | 396,000,000 | 378,000,000 | 289,000,000 | 406,000,000 | 321,000,000 | 161,000,000 | 380,000,000 | 471,000,000 | 387,000,000 | 444,000,000 | 423,000,000 | 446,000,000 | 338,000,000 | 432,000,000 | 355,000,000 | 414,000,000 | 282,000,000 | 352,000,000 | 469,000,000 | 455,000,000 | 452,000,000 | 505,000,000 | 343,000,000 | 283,000,000 | 246,000,000 | 149,000,000 | 95,000,000 | 56,000,000 | 7,000,000 | ||||||||||||||||
earnings per common share attributable to cummins inc. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 3.88 | 6.46 | 5.99 | 6.368 | 5.9 | 5.3 | 14.1 | 3.823 | 4.63 | 5.08 | 5,580,000 | 2.94 | 2.99 | 3.72 | 4.14 | 4.1 | 2,392,500 | 4,290,000 | 3,330,000 | 1,970,000 | 1,905,000 | 2,720,000 | 2,530,000 | 2,360,000 | 1,497,500 | 1,720,000 | 2,410,000 | 1,870,000 | 1,730,000 | 2,150,000 | 2,630,000 | 2,140,000 | 1,647,500 | 2,320,000 | 2,440,000 | 1,830,000 | 2,320,000 | 1,910,000 | 2,200,000 | 1,500,000 | 1,870,000 | 2,470,000 | 2,390,000 | 2,350,000 | 2,610,000 | 1,750,000 | 1,450,000 | 1,250,000 | 750,000 | 480,000 | 280,000 | 40,000 | 1,180,000 | 970,000 | 1,860,000 | 2,140,000 | 2,140,000 | |||||||||||||||||||||
diluted | 3.86 | 6.43 | 5.96 | 6.328 | 5.86 | 5.26 | 14.03 | 3.798 | 4.59 | 5.05 | 5,550,000 | 2.92 | 2.965 | 3.69 | 4.1 | 4.07 | 2,382,500 | 4,280,000 | 3,320,000 | 1,960,000 | 1,900,000 | 2,710,000 | 2,530,000 | 2,360,000 | 1,497,500 | 1,720,000 | 2,400,000 | 1,870,000 | 1,725,000 | 2,140,000 | 2,620,000 | 2,140,000 | 1,645,000 | 2,320,000 | 2,430,000 | 1,830,000 | 2,310,000 | 1,900,000 | 2,200,000 | 1,490,000 | 1,860,000 | 2,470,000 | 2,380,000 | 2,350,000 | 2,600,000 | 1,750,000 | 1,440,000 | 1,250,000 | 750,000 | 480,000 | 280,000 | 40,000 | 1,170,000 | 970,000 | 1,840,000 | 2,130,000 | 2,130,000 | |||||||||||||||||||||
net income and earnings per common share included the 1.3 billion non-taxable gain associated with the divestiture of atmus for the nine months ended september 30, 2024. see note 15, "atmus divestiture," to our condensed consolidated financial statements for additional information. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
included a 1.3 billion gain related the divestiture of atmus and 14 million of costs associated with the divestiture of atmus (included in corporate expenses) for the six months ended june 30, 2024. see note 14, "atmus divestiture," for additional information. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income and earnings per common share included the 1.3 billion non-taxable gain associated with the divestiture of atmus for the six months ended june 30, 2024. see note 14, "atmus divestiture," to our condensed consolidated financial statements for additional information. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
included a 1.3 billion gain related the divestiture of atmus and 14 million of costs associated with the divestiture of atmus (included in corporate expenses) for the three months ended march 31, 2024. see note 14, "atmus divestiture," for additional information. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income and earnings per common share included the 1.3 billion non-taxable gain associated with the divestiture of atmus for the three months ended march 31, 2024. see note 14, "atmus divestiture," to our condensed consolidated financial statements for additional information. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
included 6 million and 17 million of costs associated with the divestiture of atmus for the three and nine months ended september 30, 2023. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
included a 1.3 billion gain related the divestiture of atmus and 14 million of costs associated with the divestiture of atmus (included in corporate expenses) for the nine months ended september 30, 2024. see note 14, "atmus initial public offering (ipo) and divestiture," for additional information. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income and earnings per common share included the non-taxable gain associated with the divestiture of atmus for the nine months ended september 30, 2024. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
included 5 million and 11 million of costs associated with the divestiture of atmus for the three and six months ended june 30, 2023. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
included 1.3 billion of gain related the divestiture of atmus and 14 million of costs associated with the divestiture of atmus (included in corporate expenses) for the six months ended june 30, 2024. see note 14, "atmus divestiture," for additional information. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
included 1.3 billion of gain related the divestiture of atmus and 14 million of costs associated with the divestiture of atmus (included in corporate expenses) for the three months ended march 31, 2024. see note 14, "atmus divestiture," for additional information. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
included 6 million of costs associated with the divestiture of atmus for the three months ended march 31, 2023. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intersegment eliminations and other included 6 million and 17 million of costs associated with the ipo and separation of atmus for the three and nine month periods ended september 30, 2023, respectively and 6 million and 47 million for the comparable periods in 2022, respectively. see note 15, "formation of atmus and ipo," to our condensed consolidated financial statements for additional information. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intersegment eliminations and other included 5 million and 11 million of costs associated with the ipo and separation of atmus for the three and six month periods ended june 30, 2023, respectively and 24 million and 41 million for the comparable periods in 2022, respectively. see note 15, "formation of atmus and ipo," to our condensed consolidated financial statements for additional information. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of sales | 6,424,000,000 | 21,354,994,309 | 5,691 | 4,860 | 942.25 | 3,769 | 2,962 | 17,590,995,726 | 4,274 | 4,580 | 4,472 | -13,453,984,672 | 4,392,000,000 | 4,692,000,000 | 4,370,000,000 | 1,821,000,000 | 3,946,000,000 | 3,829,000,000 | 3,461,000,000 | 3,383,000,000 | 3,108,000,000 | 3,331,000,000 | 3,235,000,000 | 3,554,000,000 | 3,412,000,000 | 3,683,000,000 | 3,514,000,000 | 3,817,000,000 | 3,606,000,000 | 3,608,000,000 | 3,290,000,000 | 3,424,000,000 | 3,157,000,000 | 3,372,000,000 | 2,965,000,000 | 3,076,000,000 | 3,242,000,000 | 3,274,000,000 | 3,438,000,000 | 3,438,000,000 | 2,903,000,000 | 2,571,000,000 | 2,455,000,000 | 1,877,000,000 | 2,027,000,000 | 1,983,000,000 | 1,994,000,000 | 2,873,000,000 | 2,767,000,000 | 2,720,000,000 | 2,673,000,000 | 2,673,000,000 | 2,265,000,000 | 2,363,000,000 | 2,155,000,000 | 2,079,000,000 | 2,134,000,000 | 1,906,000,000 | 1,940,000,000 | 1,752,000,000 | ||||||||||||||||||
gross margin | 2,029,000,000 | 6,718,998,358 | 1,642 | 1,726 | 337.25 | 1,349 | 890 | 5,979,998,506 | 1,494 | 1,641 | 1,532 | -4,190,994,900 | 1,551,000,000 | 1,440,000,000 | 1,200,000,000 | 736,000,000 | 1,339,000,000 | 1,249,000,000 | 1,128,000,000 | 1,120,000,000 | 1,079,000,000 | 1,197,000,000 | 1,056,000,000 | 1,212,000,000 | 1,208,000,000 | 1,332,000,000 | 1,195,000,000 | 1,273,000,000 | 1,284,000,000 | 1,227,000,000 | 1,116,000,000 | 1,164,000,000 | 1,109,000,000 | 1,153,000,000 | 957,000,000 | 1,042,000,000 | 1,210,000,000 | 1,198,000,000 | 1,188,000,000 | 1,203,000,000 | 957,000,000 | 830,000,000 | 753,000,000 | 601,000,000 | 503,000,000 | 448,000,000 | 445,000,000 | 820,000,000 | 707,000,000 | 652,000,000 | 670,000,000 | 670,000,000 | 552,000,000 | 670,000,000 | 654,000,000 | 599,000,000 | 619,000,000 | 561,000,000 | 550,000,000 | 456,000,000 | 428,000,000 | |||||||||||||||||
yoy | -100.00% | -9.71% | -45.76% | -242.69% | -100.00% | -100.00% | -100.00% | -669.43% | 15.83% | 15.29% | 6.38% | -34.29% | 24.10% | 4.34% | 6.82% | -7.59% | -10.68% | -10.14% | -11.63% | -4.79% | -5.92% | 8.56% | 7.08% | 9.36% | 15.78% | 6.42% | 16.61% | 11.71% | -8.35% | -3.76% | -19.44% | -13.38% | 26.44% | 44.34% | 57.77% | 100.17% | 90.26% | 85.27% | 69.21% | -26.71% | -28.85% | -31.29% | -33.58% | 22.39% | 28.08% | -2.69% | 2.45% | 11.85% | -10.82% | 19.43% | 18.91% | 31.36% | 31.07% | |||||||||||||||||||||||||
qoq | -69.80% | 409195902.31% | -4.87% | -75.00% | 51.57% | 400267537.62% | -8.96% | 7.11% | -100.00% | -370.21% | 7.71% | 20.00% | 63.04% | -45.03% | 7.21% | 10.73% | 0.71% | 3.80% | -9.86% | 13.35% | -12.87% | 0.33% | -9.31% | 11.46% | -6.13% | -0.86% | 4.65% | 9.95% | -4.12% | 4.96% | -3.82% | 20.48% | -8.16% | -13.88% | 1.00% | 0.84% | -1.25% | 25.71% | 15.30% | 10.23% | 25.29% | 19.48% | 12.28% | 0.67% | -45.73% | 15.98% | 8.44% | -2.69% | 0.00% | 21.38% | -17.61% | 2.45% | 9.18% | -3.23% | 10.34% | 2.00% | 20.61% | |||||||||||||||||||||
gross margin % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 24.00% | 23.93% | 22.39% | 26.21% | 0% | 0% | 0% | 0% | 0% | 0.00% | 26.36% | 23.10% | NaN% | 25.37% | 25.90% | 26.38% | 25.52% | 23.75% | 26.10% | 23.48% | 21.54% | 13.44% | 25.34% | 24.60% | 24.58% | 24.87% | 25.77% | 26.44% | 24.61% | 25.43% | 26.15% | 26.56% | 25.38% | 25.01% | 26.26% | 25.38% | 25.33% | 25.37% | 26.00% | 25.48% | 24.40% | 25.30% | 27.18% | 26.79% | 25.68% | 25.92% | 24.79% | 24.40% | 23.47% | 24.25% | 19.88% | 18.43% | 18.25% | 22.20% | 20.35% | 19.34% | 20.04% | 20.04% | 19.60% | 22.09% | 23.28% | 22.37% | 22.48% | 22.74% | 22.09% | 20.65% | NaN% | 20.15% |
operating expenses and income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
selling, general and administrative expenses | 753,000,000 | 2,686,999,292 | 708 | 622 | 133.25 | 533 | 470 | 2,453,999,400 | 600 | 629 | 593 | -1,793,997,571 | 604,000,000 | 613,000,000 | 577,000,000 | 289,000,000 | 624,000,000 | 596,000,000 | 537,000,000 | 519,000,000 | 513,000,000 | 524,000,000 | 490,000,000 | 508,000,000 | 530,000,000 | 537,000,000 | 517,000,000 | 568,000,000 | 529,000,000 | 535,000,000 | 502,000,000 | 500,000,000 | 492,000,000 | 484,000,000 | 444,000,000 | 456,000,000 | 487,000,000 | 475,000,000 | 489,000,000 | 463,000,000 | 389,000,000 | 375,000,000 | 354,000,000 | 335,000,000 | 304,000,000 | 287,000,000 | 300,000,000 | 388,000,000 | 351,000,000 | |||||||||||||||||||||||||||||
research, development and engineering expenses | 350,000,000 | 1,277,999,652 | 348 | 299 | 56 | 224 | 189 | 1,000,999,758 | 242 | 251 | 237 | -657,999,246 | 229,000,000 | 219,000,000 | 210,000,000 | 91,000,000 | 213,000,000 | 174,000,000 | 158,000,000 | 158,000,000 | 157,000,000 | 155,000,000 | 166,000,000 | 177,000,000 | 197,000,000 | 166,000,000 | 195,000,000 | 187,000,000 | 198,000,000 | 179,000,000 | 190,000,000 | 181,000,000 | 173,000,000 | 177,000,000 | 182,000,000 | 186,000,000 | 187,000,000 | 181,000,000 | 164,000,000 | 157,000,000 | 129,000,000 | 103,000,000 | 96,000,000 | 92,000,000 | 90,000,000 | 79,000,000 | 85,000,000 | 113,000,000 | 103,000,000 | |||||||||||||||||||||||||||||
equity, royalty and interest income from investees | 119,000,000 | 348,999,930 | 70 | 95 | 24.5 | 98 | 115 | 329,999,932 | 68 | 96 | 92 | -314,999,643 | 90,000,000 | 110,000,000 | 115,000,000 | 95,000,000 | 98,000,000 | 108,000,000 | 67,000,000 | 74,000,000 | 88,000,000 | 72,000,000 | 75,000,000 | 78,000,000 | 94,000,000 | 68,000,000 | 76,000,000 | 99,000,000 | 105,000,000 | 90,000,000 | 80,000,000 | 91,000,000 | 108,000,000 | 82,000,000 | 94,000,000 | 104,000,000 | 104,000,000 | 102,000,000 | 117,000,000 | 96,000,000 | 88,000,000 | 97,000,000 | 76,000,000 | 57,000,000 | 57,000,000 | 33,000,000 | 66,000,000 | 67,000,000 | ||||||||||||||||||||||||||||||
other operating expense | 19,000,000 | 173,999,970 | 30 | 3 | -5 | -20 | -10 | -3,000,000 | -39,000,000 | -2,000,000 | 1,000,000 | 750,000 | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income | 1,026,000,000 | 2,928,999,374 | 626 | 897 | 167.5 | 670 | 336 | 2,699,999,301 | 699 | 848 | 799 | -2,054,997,666 | 803,000,000 | 722,000,000 | 530,000,000 | 158,000,000 | 629,000,000 | 595,000,000 | 546,000,000 | 507,000,000 | 384,000,000 | 567,000,000 | 470,000,000 | 229,000,000 | 557,000,000 | 723,000,000 | 548,000,000 | 581,000,000 | 659,000,000 | 612,000,000 | 513,000,000 | 553,000,000 | 524,000,000 | 610,000,000 | 414,000,000 | 493,000,000 | 648,000,000 | 648,000,000 | 639,000,000 | 768,000,000 | 529,000,000 | 435,000,000 | 396,000,000 | 246,000,000 | 147,000,000 | 121,000,000 | 29,000,000 | 383,000,000 | 319,000,000 | |||||||||||||||||||||||||||||
yoy | -100.00% | -4.15% | -60.38% | -231.39% | -100.00% | -100.00% | -100.00% | -1400.63% | 27.66% | 21.34% | -2.93% | -68.84% | 63.80% | 4.94% | 16.17% | 121.40% | -31.06% | -21.58% | -14.23% | -60.59% | -15.48% | 18.14% | 6.82% | 5.06% | 25.76% | 0.33% | 23.91% | 12.17% | -19.14% | -5.86% | -35.21% | -35.81% | 22.50% | 48.97% | 61.36% | 212.20% | 259.86% | 259.50% | 1265.52% | -35.77% | -53.92% | |||||||||||||||||||||||||||||||||||||
qoq | -64.97% | 467891173.80% | -30.21% | -75.00% | 99.40% | 386265894.42% | -17.57% | 6.13% | -100.00% | -355.92% | 11.22% | 36.23% | 235.44% | -74.88% | 5.71% | 8.97% | 7.69% | 32.03% | -32.28% | 20.64% | 105.24% | -58.89% | -22.96% | 31.93% | -5.68% | -11.84% | 7.68% | 19.30% | -7.23% | 5.53% | -14.10% | 47.34% | -16.02% | -23.92% | 0.00% | 1.41% | -16.80% | 45.18% | 21.61% | 9.85% | 60.98% | 67.35% | 21.49% | 317.24% | -92.43% | 20.06% | ||||||||||||||||||||||||||||||||
operating margin % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 12.14% | 10.43% | 8.54% | 13.62% | 0% | 0% | 0% | 0% | 0% | 0.00% | 13.09% | 8.72% | NaN% | 11.45% | 12.12% | 13.63% | 13.31% | 11.65% | 13.51% | 11.77% | 9.52% | 2.89% | 11.90% | 11.72% | 11.90% | 11.26% | 9.17% | 12.52% | 10.95% | 4.80% | 12.06% | 14.42% | 11.64% | 11.41% | 13.48% | 12.66% | 11.64% | 12.05% | 12.28% | 13.48% | 10.56% | 11.97% | 14.56% | 14.49% | 13.81% | 16.55% | 13.70% | 12.79% | 12.34% | 9.93% | 5.81% | 4.98% | 1.19% | 10.37% | 9.18% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | NaN% | 0% |
other income | 90,000,000 | 88,999,957 | 43 | 73 | 9.25 | 37 | 45 | 196,999,932 | 68 | 40 | 66 | -43,999,906 | 23,000,000 | 11,000,000 | 10,000,000 | 3,000,000 | 7,000,000 | 20,000,000 | 18,000,000 | 14,000,000 | 8,000,000 | 18,000,000 | 8,000,000 | -3,000,000 | 11,000,000 | -8,000,000 | 9,000,000 | 42,000,000 | 19,000,000 | 39,000,000 | 10,000,000 | 7,000,000 | 6,000,000 | 1,000,000 | 18,000,000 | 14,000,000 | 2,000,000 | 8,000,000 | 17,000,000 | 6,000,000 | 8,000,000 | 6,000,000 | 6,000,000 | 9,000,000 | -4,000,000 | -10,000,000 | ||||||||||||||||||||||||||||||||
income tax expense | 223,000,000 | 635,999,801 | 199 | 148 | 45.5 | 182 | 93 | 565,999,861 | 139 | 186 | 176 | -465,998,629 | 107,000,000 | 161,000,000 | 198,000,000 | 8,000,000 | 165,000,000 | 158,000,000 | 143,000,000 | 112,000,000 | 82,000,000 | 148,000,000 | 132,000,000 | 34,000,000 | 169,000,000 | 208,000,000 | 144,000,000 | 145,000,000 | 230,000,000 | 170,000,000 | 153,000,000 | 86,000,000 | 154,000,000 | 172,000,000 | 119,000,000 | 117,000,000 | 166,000,000 | 175,000,000 | 157,000,000 | 225,000,000 | 157,000,000 | 129,000,000 | 122,000,000 | 87,000,000 | 36,000,000 | 29,000,000 | 7,000,000 | 123,000,000 | 102,000,000 | |||||||||||||||||||||||||||||
consolidated net income | 806,000,000 | 2,182,999,591 | 409 | 707 | 423,000,000 | 400,000,000 | 541,000,000 | 612,000,000 | 611,000,000 | 126 | 504 | 269 | 2,267,999,384 | 616 | 685 | 669 | -1,576,999,006 | 698,000,000 | 554,000,000 | 325,000,000 | 153,000,000 | 457,000,000 | 441,000,000 | 405,000,000 | 396,000,000 | 300,000,000 | 427,000,000 | 333,000,000 | 178,000,000 | 392,000,000 | 496,000,000 | 404,000,000 | 467,000,000 | 439,000,000 | 472,000,000 | 358,000,000 | 461,000,000 | 374,000,000 | 441,000,000 | 312,000,000 | 370,000,000 | 495,000,000 | 475,000,000 | 472,000,000 | 537,000,000 | 365,000,000 | 309,000,000 | 270,000,000 | 170,000,000 | |||||||||||||||||||||||||||||
less: net income attributable to noncontrolling interests | 16,000,000 | 31,999,991 | 9 | 5 | 5,000,000 | 6,000,000 | 7,000,000 | 12,000,000 | 8,000,000 | 0.75 | 3 | 10 | 8,000,006 | -6 | 10 | 6 | -15,000,005 | 6,000,000 | 9,000,000 | 7,500,000 | 4,000,000 | 17,000,000 | 9,000,000 | 18,000,000 | 11,000,000 | 21,000,000 | 12,000,000 | 17,000,000 | 12,000,000 | 25,000,000 | 17,000,000 | 23,000,000 | 16,000,000 | 26,000,000 | 20,000,000 | 29,000,000 | 19,000,000 | 27,000,000 | 30,000,000 | 18,000,000 | 26,000,000 | 20,000,000 | 20,000,000 | 32,000,000 | 22,000,000 | 26,000,000 | 24,000,000 | 21,000,000 | 15,000,000 | 14,000,000 | 7,000,000 | |||||||||||||||||||||||||||
weighted-average common shares outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 141,500,000 | 161,300,000 | 163,800,000 | 164,900,000 | 166,300,000 | 167,300,000 | 167,500,000 | 167,800,000 | 168,800,000 | 171,800,000 | 177,000,000 | 179,200,000 | 180,600,000 | 182,200,000 | 182,800,000 | 184,300,000 | 186,000,000 | 187,800,000 | 188,400,000 | 188,600,000 | 189,800,000 | 190,400,000 | 192,100,000 | 193,800,000 | 195,500,000 | 195,800,000 | 196,900,000 | 198,400,000 | 197,400,000 | 197,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
dilutive effect of stock compensation awards | 900,000 | 150,000 | 500,000 | 500,000 | 800,000 | 150,000 | 700,000 | 500,000 | 500,000 | 50,000 | 400,000 | 200,000 | 200,000 | 100,000 | 400,000 | 400,000 | 400,000 | 100,000 | 500,000 | 400,000 | 400,000 | 100,000 | 500,000 | 400,000 | 400,000 | 400,000 | 300,000 | 400,000 | 600,000 | 600,000 | 600,000 | 500,000 | 400,000 | 300,000 | 400,000 | 300,000 | 200,000 | 1,600,000 | 1,300,000 | |||||||||||||||||||||||||||||||||||||||
diluted | 142,400,000 | 40,975,000 | 161,800,000 | 164,300,000 | 165,700,000 | 41,900,000 | 167,000,000 | 167,800,000 | 168,000,000 | 42,425,000 | 168,200,000 | 169,000,000 | 172,000,000 | 44,825,000 | 177,400,000 | 179,600,000 | 181,000,000 | 45,875,000 | 182,700,000 | 183,200,000 | 184,700,000 | 46,950,000 | 186,500,000 | 188,200,000 | 188,800,000 | 189,000,000 | 190,100,000 | 190,800,000 | 192,700,000 | 194,400,000 | 196,100,000 | 196,300,000 | 197,300,000 | 198,700,000 | 197,800,000 | 197,400,000 | 197,000,000 | 196,500,000 | 196,400,000 | |||||||||||||||||||||||||||||||||||||||
in millions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
engine | 2,638,000,000 | 8,307,000,000 | 5,528,000,000 | -3,250,000 | 2,112,000,000 | 1,423,000,000 | 2,158 | 2,284,000,000 | 2,416,000,000 | 2,703,000,000 | 2,653 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution | 2,320,000,000 | 6,609,000,000 | 4,370,000,000 | -3,500,000 | 1,721,000,000 | 1,605,000,000 | 1,814 | 8,067,000,000 | 2,004,000,000 | 2,028,000,000 | 2,001 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
components | 3,095,000,000 | 6,641,000,000 | 3,938,000,000 | 1,048,250,000 | 1,541,000,000 | 1,150,000,000 | 1,502 | 1,557,000,000 | 1,650,000,000 | 1,846,000,000 | 1,861 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
power systems | 1,321,000,000 | 3,712,000,000 | 2,363,000,000 | -3,250,000 | 981,000,000 | 777,000,000 | 884 | 4,458,000,000 | 1,126,000,000 | 1,203,000,000 | 1,077 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
new power | 75,000,000 | 123,000,000 | 73,000,000 | 25,000,000 | 18,000,000 | 10,000,000 | 10 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intersegment eliminations | -1,679,000,000 | -5,088,000,000 | -3,301,000,000 | -3,250,000 | -1,255,000,000 | -1,113,000,000 | -1,357 | -1,373,000,000 | -1,437,000,000 | -1,567,000,000 | -1,591 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total | 7,770,000,000 | 20,304,000,000 | 12,971,000,000 | -2,750,000 | 5,118,000,000 | 3,852,000,000 | 5,011 | 5,578,000,000 | 5,768,000,000 | 6,221,000,000 | 6,004 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
"nm" - not meaningful information | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ebitda includes 112 million of costs associated with the suspension of our russian operations, 62 million of costs associated with the planned separation of our filtration business and 56 million of costs related to the acquisition and integration of meritor. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per common share attributable to cummins inc. | 15,119,997.18 | 2.82 | 4.94 | 0.84 | 3.36 | 1.86 | 14,479,996.03 | 3.97 | 4.27 | 4.2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ebitda includes 111 million of costs associated with the suspension of our russian operations and 46 million of costs associated with the planned separation of our filtration business. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total segment sales | 8,049,000,000 | 5,648,000,000 | 7,517,000,000 | 7,572,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
elimination of intersegment sales | -1,664,000,000 | -1,105,250,000 | -1,549,000,000 | -1,461,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total net sales | 6,385,000,000 | 4,542,750,000 | 5,968,000,000 | 6,111,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less: income tax expense | 155,000,000 | 118,250,000 | 134,000,000 | 167,000,000 | 172,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intersegment eliminations and other for the three months ended march 31, 2022, included 17 million of costs associated with the planned separation of our filtration business. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intersegment elimination | -22,250,000 | -50,000,000 | -9,000,000 | -30,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
add: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total ebitda | 980,000,000 | 846 | 1,033 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating segments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | 1 | 4 | 4 | 45,999,986 | 14 | 12 | 12 | -25,999,982 | 9,000,000 | 10,000,000 | 7,000,000 | 12,000,000 | 4,000,000 | 5,000,000 | 2,000,000 | 5,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 4,000,000 | 9,000,000 | 6,000,000 | 5,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 5,000,000 | 6,000,000 | 6,000,000 | 10,000,000 | 5,000,000 | 5,000,000 | 7,000,000 | 8,000,000 | 9,000,000 | 10,000,000 | 6,000,000 | 6,000,000 | 5,000,000 | 3,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 4,000,000 | 6,000,000 | 9,000,000 | 7,000,000 | 7,000,000 | 11,000,000 | |||||||||||||||||||||||||||||
other operating income | -35,999,979 | -21 | -9 | 5 | 250,000 | -5,000,000 | 4,000,000 | 2,000,000 | -60,000,000 | 32,000,000 | 18,000,000 | 5,000,000 | -1,250,000 | -2,000,000 | -3,000,000 | -13,000,000 | 3,000,000 | -6,000,000 | -1,000,000 | -11,000,000 | 10,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 2,000,000 | 1,000,000 | 7,000,000 | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
electrified power | 5,000,000 | 9,000,000 | 8,000,000 | 3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends declared per common share | 825,000 | 1,140,000 | 1,080,000 | 1,080,000 | 782,500 | 1,080,000 | 1,025,000 | 1,025,000 | 743,750 | 1,025,000 | 975,000 | 975,000 | 633,750 | 975,000 | 780,000 | 780,000 | 507,500 | 780,000 | 625,000 | 625,000 | 406,250 | 625,000 | 500,000 | 500,000 | 500,000 | 400,000 | 400,000 | 400,000 | 262,500 | 262,500 | 262,500 | 175,000 | 175,000 | 175,000 | 175,000 | 175,000 | 175,000 | 125,000 | 180,000 | |||||||||||||||||||||||||||||||||||||||
loss contingency | 34,500,000 | 99,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 141,500,000 | 161,300,000 | 163,800,000 | 164,900,000 | 166,300,000 | 167,300,000 | 167,500,000 | 167,800,000 | 168,800,000 | 171,800,000 | 177,000,000 | 179,200,000 | 180,600,000 | 182,200,000 | 182,800,000 | 184,300,000 | 186,000,000 | 187,800,000 | 188,400,000 | 188,600,000 | 189,800,000 | 190,400,000 | 192,100,000 | 193,800,000 | 195,500,000 | 195,800,000 | 196,900,000 | 198,400,000 | 197,400,000 | 197,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of businesses | 6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of business | 68,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring and other charges | 22,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring charges | 7,000,000 | 66,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 110,000,000 | 70,000,000 | 14,000,000 | 229,000,000 | 190,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
yoy | -42.11% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
qoq | 57.14% | 400.00% | -93.89% | 20.53% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income margin % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | NaN% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 4.35% | 2.88% | 0.57% | 6.20% | 5.47% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | NaN% | 0% |
weighted average shares outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 196,800,000 | 194,900,000 | 195,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
flood damage expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes and minority interests | 370,000,000 | 304,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests in income of consolidated subsidiaries | 18,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 3.88 | 6.46 | 5.99 | 6.368 | 5.9 | 5.3 | 14.1 | 3.823 | 4.63 | 5.08 | 5,580,000 | 2.94 | 2.99 | 3.72 | 4.14 | 4.1 | 2,392,500 | 4,290,000 | 3,330,000 | 1,970,000 | 1,905,000 | 2,720,000 | 2,530,000 | 2,360,000 | 1,497,500 | 1,720,000 | 2,410,000 | 1,870,000 | 1,730,000 | 2,150,000 | 2,630,000 | 2,140,000 | 1,647,500 | 2,320,000 | 2,440,000 | 1,830,000 | 2,320,000 | 1,910,000 | 2,200,000 | 1,500,000 | 1,870,000 | 2,470,000 | 2,390,000 | 2,350,000 | 2,610,000 | 1,750,000 | 1,450,000 | 1,250,000 | 750,000 | 480,000 | 280,000 | 40,000 | 1,180,000 | 970,000 | 1,860,000 | 2,140,000 | 2,140,000 | |||||||||||||||||||||
diluted | 3.86 | 6.43 | 5.96 | 6.328 | 5.86 | 5.26 | 14.03 | 3.798 | 4.59 | 5.05 | 5,550,000 | 2.92 | 2.965 | 3.69 | 4.1 | 4.07 | 2,382,500 | 4,280,000 | 3,320,000 | 1,960,000 | 1,900,000 | 2,710,000 | 2,530,000 | 2,360,000 | 1,497,500 | 1,720,000 | 2,400,000 | 1,870,000 | 1,725,000 | 2,140,000 | 2,620,000 | 2,140,000 | 1,645,000 | 2,320,000 | 2,430,000 | 1,830,000 | 2,310,000 | 1,900,000 | 2,200,000 | 1,490,000 | 1,860,000 | 2,470,000 | 2,380,000 | 2,350,000 | 2,600,000 | 1,750,000 | 1,440,000 | 1,250,000 | 750,000 | 480,000 | 280,000 | 40,000 | 1,170,000 | 970,000 | 1,840,000 | 2,130,000 | 2,130,000 | |||||||||||||||||||||
minority interest in income of consolidated subsidiaries | 12,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
selling and administrative expenses | 340,000,000 | 314,000,000 | 314,000,000 | 283,000,000 | 334,000,000 | 328,000,000 | 301,000,000 | 313,000,000 | 286,000,000 | 287,000,000 | 259,000,000 | 251,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
research and engineering expenses | 82,000,000 | 74,000,000 | 74,000,000 | 80,000,000 | 78,000,000 | 81,000,000 | 82,000,000 | 71,000,000 | 71,000,000 | 73,000,000 | 63,000,000 | 59,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investee equity, royalty and other income | 58,000,000 | 52,000,000 | 52,000,000 | 36,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating earnings | 289,000,000 | 341,000,000 | 341,000,000 | 223,000,000 | 296,000,000 | 278,000,000 | 248,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings before income taxes and minority interests | 292,000,000 | 340,000,000 | 340,000,000 | 227,000,000 | 283,000,000 | 273,000,000 | 228,000,000 | 138,750,000 | 213,000,000 | 207,000,000 | 135,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for income taxes | 97,000,000 | 112,000,000 | 75,000,000 | 61,000,000 | 92,000,000 | 85,000,000 | 34,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests in earnings of consolidated subsidiaries | 11,000,000 | 14,000,000 | 14,000,000 | 9,000,000 | 14,000,000 | 10,000,000 | 8,000,000 | 13,000,000 | 7,000,000 | 8,000,000 | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings | 184,000,000 | 214,000,000 | 214,000,000 | 143,000,000 | 189,000,000 | 171,000,000 | 135,000,000 | 167,000,000 | 145,000,000 | 141,000,000 | 97,000,000 | 82,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends declared per share | 0.25 | 0.18 | 0.18 | 0.24 | 0.36 | 0.3 | 0.225 | 0.3 | 0.3 | 0.3 | 0.3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from income taxes | 112,000,000 | 58,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 1,430,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 1,420,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 2.81 | 3.4 | 3.04 | 2.17 | 3.27 | 3.2 | 2.2 | 1.97 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 2.615 | 3.37 | 2.7 | 1.925 | 2.9 | 2.83 | 1.96 | 1.76 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other expenses | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expense and other income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity, royalty and other income from investees | -23,500,000 | -28,000,000 | -35,000,000 | -31,000,000 | -29,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total expense and other income | 253,000,000 | 348,000,000 | 343,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit for income taxes | 38,250,000 | 61,000,000 | 34,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expenses and other income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other expense | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of goods sold | 1,696,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expenses and other income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings before income taxes, minority interest, and dividends on preferred securities | 121,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in earnings of consolidated subsidiaries | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends on preferred securities of subsidiary trust |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-10-03 | 2021-07-04 | 2021-04-04 | 2020-12-31 | 2020-09-27 | 2020-06-28 | 2020-03-29 | 2019-12-31 | 2019-09-29 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-07-01 | 2018-04-01 | 2017-12-31 | 2017-10-01 | 2017-07-02 | 2017-04-02 | 2016-12-31 | 2016-10-02 | 2016-07-03 | 2016-04-03 | 2015-12-31 | 2015-09-27 | 2015-06-28 | 2015-03-29 | 2014-12-31 | 2014-09-28 | 2014-06-29 | 2014-03-30 | 2013-12-31 | 2013-09-29 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-07-01 | 2012-04-01 | 2011-12-31 | 2011-09-25 | 2011-06-26 | 2011-03-27 | 2010-09-26 | 2010-06-27 | 2010-03-28 | 2009-09-27 | 2009-06-28 | 2009-03-29 | 2008-09-28 | 2008-06-29 | 2008-03-30 | 2007-09-30 | 2007-08-02 | 2007-07-01 | 2007-04-01 | 2006-12-31 | 2006-10-01 | 2006-04-02 | 2005-12-31 | 2005-09-25 | 2005-06-26 | 2005-03-27 | 2004-12-31 | 2004-06-27 |
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assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 2,614,000,000 | 2,845,000,000 | 2,566,000,000 | 2,319,000,000 | 1,532,000,000 | 1,671,000,000 | 1,733,000,000 | 1,590,000,000 | 2,541,000,000 | 2,179,000,000 | 2,387,000,000 | 1,802,000,000 | 1,980,000,000 | 2,101,000,000 | 2,499,000,000 | 2,462,000,000 | 2,276,000,000 | 2,592,000,000 | 2,588,000,000 | 2,481,000,000 | 2,958,000,000 | 3,401,000,000 | 2,967,000,000 | 1,751,000,000 | 1,691,000,000 | 1,129,000,000 | 1,560,000,000 | 1,397,000,000 | 1,328,000,000 | 1,303,000,000 | 1,222,000,000 | 1,318,000,000 | 1,207,000,000 | 1,369,000,000 | 1,290,000,000 | 1,293,000,000 | 1,322,000,000 | 1,120,000,000 | 1,251,000,000 | 1,045,000,000 | 915,000,000 | 1,711,000,000 | 1,688,000,000 | 1,760,000,000 | 1,997,000,000 | 2,301,000,000 | 2,328,000,000 | 2,219,000,000 | 2,178,000,000 | 2,699,000,000 | 2,499,000,000 | 1,382,000,000 | 1,483,000,000 | 1,033,000,000 | 1,145,000,000 | 1,317,000,000 | 1,165,000,000 | 1,111,000,000 | 779,000,000 | 937,000,000 | 924,000,000 | 885,000,000 | 686,000,000 | 534,000,000 | 353,000,000 | 572,000,000 | 522,000,000 | 446,000,000 | 624,000,000 | 626,000,000 | 626,000,000 | 521,000,000 | 840,000,000 | 1,027,000,000 | 676,000,000 | 779,000,000 | 561,000,000 | 404,000,000 | 261,000,000 | 611,000,000 | 322,000,000 | |
marketable securities | 568,000,000 | 764,000,000 | 593,000,000 | 755,000,000 | 626,000,000 | 593,000,000 | 518,000,000 | 593,000,000 | 510,000,000 | 562,000,000 | 452,000,000 | 512,000,000 | 459,000,000 | 472,000,000 | 466,000,000 | 536,000,000 | 527,000,000 | 595,000,000 | 430,000,000 | 438,000,000 | 397,000,000 | 461,000,000 | 345,000,000 | 353,000,000 | 339,000,000 | 341,000,000 | 303,000,000 | 335,000,000 | 246,000,000 | 222,000,000 | 185,000,000 | 214,000,000 | 180,000,000 | 198,000,000 | 154,000,000 | 174,000,000 | 145,000,000 | 260,000,000 | 250,000,000 | 235,000,000 | 359,000,000 | 100,000,000 | 35,000,000 | 89,000,000 | 115,000,000 | 93,000,000 | 53,000,000 | 158,000,000 | 129,000,000 | 150,000,000 | 162,000,000 | 205,000,000 | 196,000,000 | 239,000,000 | 261,000,000 | 252,000,000 | 273,000,000 | 363,000,000 | 307,000,000 | 308,000,000 | 269,000,000 | 217,000,000 | 148,000,000 | 17,000,000 | 65,000,000 | 83,000,000 | 107,000,000 | 108,000,000 | 120,000,000 | 105,000,000 | 105,000,000 | 69,000,000 | 95,000,000 | 82,000,000 | 58,000,000 | 61,000,000 | 53,000,000 | 53,000,000 | 48,000,000 | 79,000,000 | 86,000,000 | |
total cash, cash equivalents and marketable securities | 3,182,000,000 | 3,609,000,000 | 3,159,000,000 | 3,074,000,000 | 2,158,000,000 | 2,264,000,000 | 2,251,000,000 | 2,183,000,000 | 3,051,000,000 | 2,741,000,000 | 2,314,000,000 | 2,439,000,000 | 2,573,000,000 | 2,965,000,000 | 2,998,000,000 | 2,803,000,000 | 3,187,000,000 | 3,018,000,000 | 2,919,000,000 | 3,355,000,000 | 3,862,000,000 | 3,312,000,000 | 2,104,000,000 | 2,030,000,000 | 1,470,000,000 | 1,863,000,000 | 1,732,000,000 | 1,574,000,000 | 1,525,000,000 | 1,407,000,000 | 1,532,000,000 | 1,387,000,000 | 1,567,000,000 | 1,444,000,000 | 1,467,000,000 | 1,467,000,000 | 1,380,000,000 | 1,501,000,000 | 1,280,000,000 | 1,274,000,000 | 1,811,000,000 | 1,723,000,000 | 1,849,000,000 | 2,112,000,000 | 2,394,000,000 | 2,381,000,000 | 2,377,000,000 | 2,307,000,000 | 2,849,000,000 | 2,661,000,000 | 1,587,000,000 | 1,679,000,000 | 1,272,000,000 | 1,406,000,000 | 1,569,000,000 | 1,438,000,000 | 1,474,000,000 | |||||||||||||||||||||||||
accounts and notes receivable | 6,528,000,000 | 5,818,000,000 | 5,640,000,000 | 5,874,000,000 | 5,680,000,000 | 5,181,000,000 | 5,387,000,000 | 5,606,000,000 | 5,463,000,000 | 5,583,000,000 | 5,662,000,000 | 5,863,000,000 | 5,834,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventories | 6,126,000,000 | 5,822,000,000 | 6,256,000,000 | 6,287,000,000 | 6,123,000,000 | 5,742,000,000 | 6,134,000,000 | 5,857,000,000 | 5,758,000,000 | 5,677,000,000 | 5,906,000,000 | 6,026,000,000 | 5,878,000,000 | 5,603,000,000 | 5,543,000,000 | 4,765,000,000 | 4,586,000,000 | 4,355,000,000 | 4,322,000,000 | 4,076,000,000 | 3,753,000,000 | 3,425,000,000 | 3,470,000,000 | 3,655,000,000 | 3,579,000,000 | 3,486,000,000 | 3,821,000,000 | 3,896,000,000 | 3,893,000,000 | 3,759,000,000 | 3,831,000,000 | 3,559,000,000 | 3,411,000,000 | 3,166,000,000 | 3,146,000,000 | 2,982,000,000 | 2,894,000,000 | 2,675,000,000 | 2,820,000,000 | 2,778,000,000 | 2,759,000,000 | 2,707,000,000 | 3,059,000,000 | 2,986,000,000 | 2,936,000,000 | 2,866,000,000 | 2,833,000,000 | 2,745,000,000 | 2,580,000,000 | 2,381,000,000 | 2,513,000,000 | 2,475,000,000 | 2,387,000,000 | 2,570,000,000 | 2,581,000,000 | 2,382,000,000 | 2,295,000,000 | 2,275,000,000 | 2,202,000,000 | 1,910,000,000 | 1,652,000,000 | 1,549,000,000 | 1,461,000,000 | 1,535,000,000 | 1,738,000,000 | 1,991,000,000 | 1,924,000,000 | 1,877,000,000 | 1,770,000,000 | 1,652,000,000 | 1,652,000,000 | 1,563,000,000 | 1,393,000,000 | 1,405,000,000 | 1,251,000,000 | 1,174,000,000 | 1,198,000,000 | 1,095,000,000 | 1,065,000,000 | 1,016,000,000 | 936,000,000 | |
prepaid expenses and other current assets | 1,543,000,000 | 1,676,000,000 | 1,665,000,000 | 1,698,000,000 | 1,579,000,000 | 1,565,000,000 | 1,544,000,000 | 1,316,000,000 | 1,348,000,000 | 1,197,000,000 | 1,280,000,000 | 1,207,000,000 | 1,217,000,000 | 1,073,000,000 | 1,091,000,000 | 843,000,000 | 839,000,000 | 777,000,000 | 828,000,000 | 804,000,000 | 805,000,000 | 790,000,000 | 652,000,000 | 634,000,000 | 676,000,000 | 761,000,000 | 610,000,000 | 643,000,000 | 599,000,000 | 668,000,000 | 696,000,000 | 649,000,000 | 558,000,000 | 577,000,000 | 656,000,000 | 600,000,000 | 551,000,000 | 627,000,000 | 600,000,000 | 549,000,000 | 514,000,000 | 609,000,000 | 921,000,000 | 746,000,000 | 712,000,000 | 849,000,000 | 795,000,000 | 770,000,000 | 663,000,000 | 760,000,000 | 643,000,000 | 597,000,000 | 658,000,000 | 770,000,000 | 639,000,000 | 682,000,000 | 350,000,000 | 303,000,000 | 329,000,000 | 260,000,000 | 236,000,000 | 240,000,000 | 254,000,000 | 198,000,000 | 196,000,000 | 191,000,000 | 186,000,000 | 189,000,000 | 143,000,000 | 128,000,000 | 128,000,000 | 119,000,000 | 116,000,000 | 146,000,000 | 118,000,000 | 116,000,000 | 97,000,000 | 103,000,000 | 102,000,000 | 106,000,000 | ||
total current assets | 17,379,000,000 | 16,925,000,000 | 16,720,000,000 | 16,933,000,000 | 15,540,000,000 | 14,752,000,000 | 15,316,000,000 | 14,962,000,000 | 15,620,000,000 | 15,198,000,000 | 15,912,000,000 | 15,410,000,000 | 15,368,000,000 | 14,451,000,000 | 14,398,000,000 | 12,762,000,000 | 12,596,000,000 | 12,309,000,000 | 12,320,000,000 | 11,931,000,000 | 12,122,000,000 | 11,897,000,000 | 11,062,000,000 | 9,834,000,000 | 9,790,000,000 | 9,387,000,000 | 10,228,000,000 | 10,450,000,000 | 10,091,000,000 | 9,818,000,000 | 9,863,000,000 | 9,835,000,000 | 9,201,000,000 | 8,928,000,000 | 9,056,000,000 | 8,602,000,000 | 8,159,000,000 | 7,707,000,000 | 7,794,000,000 | 7,630,000,000 | 7,468,000,000 | 7,947,000,000 | 8,862,000,000 | 9,003,000,000 | 9,000,000,000 | 9,055,000,000 | 9,068,000,000 | 9,080,000,000 | 8,499,000,000 | 8,639,000,000 | 8,526,000,000 | 7,404,000,000 | 7,220,000,000 | 7,115,000,000 | 7,246,000,000 | 7,317,000,000 | 7,026,000,000 | 7,137,000,000 | 6,494,000,000 | 5,978,000,000 | 5,445,000,000 | 4,920,000,000 | 4,643,000,000 | 4,373,000,000 | 4,434,000,000 | 5,448,000,000 | 5,412,000,000 | 5,132,000,000 | 4,947,000,000 | 4,852,000,000 | 4,852,000,000 | 4,463,000,000 | 4,488,000,000 | 4,662,000,000 | 4,088,000,000 | 3,916,000,000 | 3,686,000,000 | 3,397,000,000 | 3,202,000,000 | 3,273,000,000 | 2,831,000,000 | |
long-term assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant and equipment | 13,003,000,000 | 6,958,000,000 | 12,545,000,000 | 12,341,000,000 | 12,007,000,000 | 6,356,000,000 | 11,603,000,000 | 11,417,000,000 | 11,253,000,000 | 6,249,000,000 | 11,098,000,000 | 10,922,000,000 | 10,629,000,000 | 5,521,000,000 | 10,231,000,000 | 9,374,000,000 | 9,333,000,000 | 4,422,000,000 | 9,156,000,000 | 9,109,000,000 | 9,044,000,000 | 4,255,000,000 | 8,753,000,000 | 8,620,000,000 | 8,578,000,000 | 4,245,000,000 | 8,452,000,000 | 8,424,000,000 | 8,349,000,000 | 4,096,000,000 | 8,079,000,000 | 7,982,000,000 | 8,044,000,000 | 3,927,000,000 | 7,901,000,000 | 7,804,000,000 | 7,746,000,000 | 3,800,000,000 | 7,460,000,000 | 7,432,000,000 | 7,360,000,000 | 3,745,000,000 | 7,262,000,000 | 7,151,000,000 | 7,046,000,000 | 3,686,000,000 | 6,899,000,000 | 6,739,000,000 | 6,563,000,000 | 3,156,000,000 | 6,182,000,000 | 6,077,000,000 | 5,942,000,000 | 5,691,000,000 | 5,475,000,000 | 5,416,000,000 | 5,131,000,000 | 5,103,000,000 | 5,026,000,000 | 4,838,000,000 | 4,705,000,000 | 4,696,000,000 | 4,736,000,000 | 4,681,000,000 | 4,574,000,000 | 4,484,000,000 | 4,443,000,000 | 4,377,000,000 | 1,574,000,000 | 1,557,000,000 | 1,648,000,000 | |||||||||||
accumulated depreciation | -6,079,000,000 | -5,887,000,000 | -5,801,000,000 | -5,600,000,000 | -5,427,000,000 | -5,364,000,000 | -5,242,000,000 | -5,297,000,000 | -5,199,000,000 | -5,039,000,000 | -5,030,000,000 | -4,985,000,000 | -4,952,000,000 | -4,971,000,000 | -4,935,000,000 | -4,848,000,000 | -4,666,000,000 | -4,553,000,000 | -4,450,000,000 | -4,396,000,000 | -4,347,000,000 | -4,283,000,000 | -4,209,000,000 | -4,158,000,000 | -4,152,000,000 | -4,085,000,000 | -4,017,000,000 | -3,944,000,000 | -3,783,000,000 | -3,729,000,000 | -3,648,000,000 | -3,545,000,000 | -3,498,000,000 | -3,409,000,000 | -3,435,000,000 | -3,410,000,000 | -3,331,000,000 | -3,234,000,000 | -2,741,000,000 | -2,744,000,000 | -2,743,000,000 | -2,705,000,000 | ||||||||||||||||||||||||||||||||||||||||
investments and advances related to equity method investees | 2,221,000,000 | 2,133,000,000 | 1,972,000,000 | 2,018,000,000 | 1,990,000,000 | 1,889,000,000 | 1,922,000,000 | 1,828,000,000 | 1,774,000,000 | 1,800,000,000 | 1,785,000,000 | 1,861,000,000 | 1,860,000,000 | 1,759,000,000 | 1,826,000,000 | 1,544,000,000 | 1,592,000,000 | 1,538,000,000 | 1,543,000,000 | 1,494,000,000 | 1,592,000,000 | 1,441,000,000 | 1,418,000,000 | 1,362,000,000 | 1,304,000,000 | 1,237,000,000 | 1,250,000,000 | 1,274,000,000 | 1,303,000,000 | 1,222,000,000 | 1,255,000,000 | 1,303,000,000 | 1,288,000,000 | 1,156,000,000 | 1,213,000,000 | 1,162,000,000 | 1,059,000,000 | 946,000,000 | 1,077,000,000 | 1,073,000,000 | 1,053,000,000 | 975,000,000 | 959,000,000 | 995,000,000 | 968,000,000 | 981,000,000 | 981,000,000 | 934,000,000 | 966,000,000 | 931,000,000 | 966,000,000 | 924,000,000 | 944,000,000 | 962,000,000 | 890,000,000 | 903,000,000 | 830,000,000 | 761,000,000 | 822,000,000 | 689,000,000 | 622,000,000 | 638,000,000 | 538,000,000 | 527,000,000 | 526,000,000 | 590,000,000 | 629,000,000 | 588,000,000 | ||||||||||||||
goodwill | 2,219,000,000 | 2,224,000,000 | 2,222,000,000 | 2,433,000,000 | 2,397,000,000 | 2,370,000,000 | 2,412,000,000 | 2,394,000,000 | 2,406,000,000 | 2,499,000,000 | 2,379,000,000 | 2,404,000,000 | 2,365,000,000 | 2,343,000,000 | 2,229,000,000 | 1,391,000,000 | 1,286,000,000 | 1,287,000,000 | 1,289,000,000 | 1,291,000,000 | 1,290,000,000 | 1,293,000,000 | 1,288,000,000 | 1,284,000,000 | 1,283,000,000 | 1,286,000,000 | 1,288,000,000 | 1,125,000,000 | 1,125,000,000 | 1,126,000,000 | 1,110,000,000 | 1,079,000,000 | 1,085,000,000 | 1,082,000,000 | 1,036,000,000 | 488,000,000 | 482,000,000 | 480,000,000 | 482,000,000 | 481,000,000 | 485,000,000 | 482,000,000 | 481,000,000 | 473,000,000 | 470,000,000 | 479,000,000 | 465,000,000 | 465,000,000 | 464,000,000 | 461,000,000 | 457,000,000 | 450,000,000 | 444,000,000 | 443,000,000 | 345,000,000 | 342,000,000 | 346,000,000 | 348,000,000 | 368,000,000 | 365,000,000 | 363,000,000 | 365,000,000 | 363,000,000 | 362,000,000 | 371,000,000 | 369,000,000 | 369,000,000 | 369,000,000 | 356,000,000 | 359,000,000 | 358,000,000 | 358,000,000 | 357,000,000 | 357,000,000 | 354,000,000 | 355,000,000 | 353,000,000 | |||||
other intangible assets | 2,193,000,000 | 2,167,000,000 | 2,345,000,000 | 2,395,000,000 | 2,401,000,000 | 2,351,000,000 | 2,462,000,000 | 2,502,000,000 | 2,455,000,000 | 2,519,000,000 | 2,518,000,000 | 2,584,000,000 | 2,640,000,000 | 2,687,000,000 | 2,602,000,000 | 1,054,000,000 | 917,000,000 | 900,000,000 | 921,000,000 | 942,000,000 | 964,000,000 | 963,000,000 | 990,000,000 | 1,017,000,000 | 965,000,000 | 1,003,000,000 | 1,022,000,000 | 901,000,000 | 895,000,000 | 909,000,000 | 950,000,000 | 940,000,000 | 960,000,000 | 973,000,000 | 964,000,000 | 339,000,000 | 345,000,000 | 332,000,000 | 319,000,000 | 328,000,000 | 344,000,000 | 328,000,000 | 337,000,000 | 339,000,000 | 340,000,000 | 343,000,000 | 346,000,000 | 353,000,000 | 357,000,000 | 357,000,000 | 362,000,000 | 360,000,000 | 366,000,000 | 365,000,000 | 268,000,000 | 250,000,000 | 215,000,000 | 216,000,000 | 217,000,000 | 219,000,000 | 225,000,000 | 239,000,000 | 229,000,000 | 241,000,000 | 160,000,000 | 148,000,000 | 148,000,000 | 141,000,000 | 128,000,000 | 113,000,000 | 105,000,000 | 100,000,000 | 94,000,000 | 92,000,000 | 91,000,000 | 93,000,000 | 87,000,000 | |||||
pension assets | 1,001,000,000 | 1,033,000,000 | 1,157,000,000 | 1,158,000,000 | 1,150,000,000 | 1,189,000,000 | 1,208,000,000 | 1,192,000,000 | 1,187,000,000 | 1,197,000,000 | 1,500,000,000 | 1,523,000,000 | 1,496,000,000 | 1,398,000,000 | 1,536,000,000 | 1,461,000,000 | 1,506,000,000 | 1,488,000,000 | 1,100,000,000 | 1,096,000,000 | 1,085,000,000 | 1,042,000,000 | 1,010,000,000 | 998,000,000 | 989,000,000 | 1,001,000,000 | 970,000,000 | 960,000,000 | 939,000,000 | 929,000,000 | 1,022,000,000 | 1,022,000,000 | 1,058,000,000 | 1,043,000,000 | 912,000,000 | 852,000,000 | 785,000,000 | 731,000,000 | 773,000,000 | 764,000,000 | 763,000,000 | 735,000,000 | 785,000,000 | |||||||||||||||||||||||||||||||||||||||
other assets | 2,508,000,000 | 2,552,000,000 | 2,564,000,000 | 2,782,000,000 | 2,646,000,000 | 2,633,000,000 | 2,556,000,000 | 2,389,000,000 | 2,374,000,000 | 2,543,000,000 | 2,202,000,000 | 2,230,000,000 | 2,114,000,000 | 2,140,000,000 | 1,977,000,000 | 1,876,000,000 | 1,844,000,000 | 1,766,000,000 | 1,705,000,000 | 1,680,000,000 | 1,713,000,000 | 1,733,000,000 | 1,713,000,000 | 1,752,000,000 | 1,617,000,000 | 1,578,000,000 | 1,532,000,000 | 1,467,000,000 | 1,427,000,000 | 962,000,000 | 922,000,000 | 912,000,000 | 908,000,000 | 966,000,000 | 995,000,000 | 1,030,000,000 | 1,002,000,000 | 1,015,000,000 | 1,014,000,000 | 1,041,000,000 | 1,002,000,000 | 922,000,000 | 656,000,000 | 631,000,000 | 607,000,000 | 595,000,000 | 619,000,000 | 668,000,000 | 611,000,000 | 670,000,000 | 1,077,000,000 | 1,028,000,000 | 1,013,000,000 | 972,000,000 | 996,000,000 | 916,000,000 | 628,000,000 | 619,000,000 | 574,000,000 | 417,000,000 | 340,000,000 | 332,000,000 | 323,000,000 | 259,000,000 | 271,000,000 | 196,000,000 | 142,000,000 | 142,000,000 | 141,000,000 | 141,000,000 | 169,000,000 | 175,000,000 | 176,000,000 | 190,000,000 | 192,000,000 | 180,000,000 | 183,000,000 | 197,000,000 | ||||
total assets | 34,445,000,000 | 33,992,000,000 | 33,638,000,000 | 34,259,000,000 | 32,531,000,000 | 31,540,000,000 | 32,052,000,000 | 31,320,000,000 | 31,827,000,000 | 32,005,000,000 | 32,097,000,000 | 31,735,000,000 | 31,433,000,000 | 30,299,000,000 | 29,769,000,000 | 24,477,000,000 | 24,122,000,000 | 23,710,000,000 | 23,063,000,000 | 22,608,000,000 | 22,962,000,000 | 22,624,000,000 | 21,568,000,000 | 20,314,000,000 | 20,076,000,000 | 19,737,000,000 | 20,346,000,000 | 20,254,000,000 | 19,846,000,000 | 19,062,000,000 | 18,992,000,000 | 18,915,000,000 | 18,392,000,000 | 18,075,000,000 | 17,992,000,000 | 16,260,000,000 | 15,634,000,000 | 15,011,000,000 | 15,136,000,000 | 15,020,000,000 | 14,827,000,000 | 15,134,000,000 | 15,797,000,000 | 15,878,000,000 | 15,736,000,000 | 15,776,000,000 | 15,644,000,000 | 15,500,000,000 | 14,751,000,000 | 14,728,000,000 | 14,336,000,000 | 13,048,000,000 | 12,756,000,000 | 12,414,000,000 | 12,169,000,000 | 12,119,000,000 | 11,338,000,000 | 11,313,000,000 | 10,726,000,000 | 9,872,000,000 | 9,210,000,000 | 8,769,000,000 | 8,355,000,000 | 8,121,000,000 | 8,178,000,000 | 8,985,000,000 | 8,955,000,000 | 8,625,000,000 | 8,032,000,000 | 7,844,000,000 | 7,844,000,000 | 7,448,000,000 | 7,465,000,000 | 7,579,000,000 | 6,997,000,000 | 6,885,000,000 | 6,862,000,000 | 6,580,000,000 | 6,425,000,000 | 6,527,000,000 | 5,961,000,000 | |
liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 4,433,000,000 | 3,800,000,000 | 3,819,000,000 | 4,151,000,000 | 4,311,000,000 | 3,951,000,000 | 4,206,000,000 | 4,405,000,000 | 4,476,000,000 | 4,260,000,000 | 4,262,000,000 | 4,308,000,000 | 4,636,000,000 | 4,252,000,000 | 4,000,000,000 | 3,405,000,000 | 3,497,000,000 | 3,021,000,000 | 3,210,000,000 | 3,172,000,000 | 3,279,000,000 | 2,820,000,000 | 2,597,000,000 | 2,281,000,000 | 2,648,000,000 | 2,534,000,000 | 2,830,000,000 | 2,991,000,000 | 3,018,000,000 | 2,822,000,000 | 2,980,000,000 | 2,981,000,000 | 2,854,000,000 | 2,579,000,000 | 2,486,000,000 | 2,300,000,000 | 2,168,000,000 | 1,854,000,000 | 1,781,000,000 | 1,825,000,000 | 1,809,000,000 | 1,706,000,000 | 1,824,000,000 | 1,974,000,000 | 2,013,000,000 | 1,881,000,000 | 1,930,000,000 | 1,905,000,000 | 1,887,000,000 | 1,557,000,000 | 1,613,000,000 | 1,669,000,000 | 1,554,000,000 | 1,460,000,000 | 1,634,000,000 | 1,731,000,000 | 1,659,000,000 | 1,686,000,000 | 1,626,000,000 | 1,339,000,000 | 1,213,000,000 | 1,030,000,000 | 875,000,000 | 773,000,000 | 912,000,000 | 1,446,000,000 | 1,460,000,000 | 1,454,000,000 | 1,345,000,000 | 1,329,000,000 | 1,329,000,000 | 1,230,000,000 | 1,104,000,000 | 1,061,000,000 | 1,014,000,000 | 904,000,000 | 982,000,000 | 916,000,000 | 942,000,000 | 823,000,000 | 849,000,000 | |
loans payable | 451,000,000 | 313,000,000 | 315,000,000 | 336,000,000 | 291,000,000 | 356,000,000 | 441,000,000 | 329,000,000 | 342,000,000 | 280,000,000 | 231,000,000 | 419,000,000 | 229,000,000 | 210,000,000 | 217,000,000 | 165,000,000 | 243,000,000 | 208,000,000 | 85,000,000 | 54,000,000 | 93,000,000 | 169,000,000 | 129,000,000 | 109,000,000 | 121,000,000 | 100,000,000 | 103,000,000 | 119,000,000 | 70,000,000 | 54,000,000 | 61,000,000 | 55,000,000 | 56,000,000 | 57,000,000 | 64,000,000 | 54,000,000 | 48,000,000 | 41,000,000 | 48,000,000 | 19,000,000 | 117,000,000 | 24,000,000 | 27,000,000 | 70,000,000 | 71,000,000 | 86,000,000 | 78,000,000 | 30,000,000 | 24,000,000 | 17,000,000 | 15,000,000 | 40,000,000 | 13,000,000 | 54,000,000 | 58,000,000 | 33,000,000 | 48,000,000 | 59,000,000 | 82,000,000 | 98,000,000 | 87,000,000 | 95,000,000 | 41,000,000 | |||||||||||||||||||
commercial paper | 349,000,000 | 353,000,000 | 353,000,000 | 353,000,000 | 1,740,000,000 | 1,259,000,000 | 1,636,000,000 | 1,581,000,000 | 609,000,000 | 1,496,000,000 | 1,710,000,000 | 1,617,000,000 | 2,545,000,000 | 2,574,000,000 | 2,393,000,000 | 705,000,000 | 311,000,000 | 313,000,000 | 200,000,000 | 200,000,000 | 317,000,000 | 323,000,000 | 316,000,000 | 2,027,000,000 | 1,617,000,000 | 660,000,000 | 902,000,000 | 434,000,000 | 709,000,000 | 780,000,000 | 800,000,000 | 802,000,000 | 593,000,000 | 298,000,000 | 514,000,000 | 134,000,000 | 274,000,000 | 212,000,000 | 273,000,000 | 200,000,000 | 50,000,000 | |||||||||||||||||||||||||||||||||||||||||
current maturities of long-term debt | 157,000,000 | 94,000,000 | 122,000,000 | 615,000,000 | 661,000,000 | 660,000,000 | 654,000,000 | 167,000,000 | 113,000,000 | 118,000,000 | 573,000,000 | 575,000,000 | 569,000,000 | 573,000,000 | 55,000,000 | 65,000,000 | 69,000,000 | 59,000,000 | 55,000,000 | 57,000,000 | 61,000,000 | 62,000,000 | 58,000,000 | 66,000,000 | 33,000,000 | 31,000,000 | 37,000,000 | 46,000,000 | 37,000,000 | 45,000,000 | 41,000,000 | 49,000,000 | 57,000,000 | 63,000,000 | 62,000,000 | 45,000,000 | 47,000,000 | 35,000,000 | 35,000,000 | 38,000,000 | 49,000,000 | 39,000,000 | 31,000,000 | 31,000,000 | 33,000,000 | 23,000,000 | 27,000,000 | 33,000,000 | 37,000,000 | 51,000,000 | 47,000,000 | 43,000,000 | 54,000,000 | 77,000,000 | 83,000,000 | 257,000,000 | ||||||||||||||||||||||||||
accrued compensation, benefits and retirement costs | 597,000,000 | 825,000,000 | 770,000,000 | 657,000,000 | 523,000,000 | 1,084,000,000 | 1,011,000,000 | 801,000,000 | 561,000,000 | 1,108,000,000 | 884,000,000 | 721,000,000 | 510,000,000 | 617,000,000 | 575,000,000 | 443,000,000 | 411,000,000 | 683,000,000 | 626,000,000 | 569,000,000 | 393,000,000 | 484,000,000 | 433,000,000 | 309,000,000 | 322,000,000 | 560,000,000 | 494,000,000 | 465,000,000 | 364,000,000 | 679,000,000 | 576,000,000 | 468,000,000 | 361,000,000 | 811,000,000 | 674,000,000 | 475,000,000 | 334,000,000 | 412,000,000 | 393,000,000 | 353,000,000 | 302,000,000 | 409,000,000 | 505,000,000 | 432,000,000 | 390,000,000 | 508,000,000 | 507,000,000 | 401,000,000 | 323,000,000 | 433,000,000 | 413,000,000 | 348,000,000 | 280,000,000 | 388,000,000 | 340,000,000 | 289,000,000 | 481,000,000 | 419,000,000 | 323,000,000 | 452,000,000 | 346,000,000 | 308,000,000 | 335,000,000 | 283,000,000 | 251,000,000 | 404,000,000 | 338,000,000 | 286,000,000 | ||||||||||||||
current portion of accrued product warranty | 638,000,000 | 693,000,000 | 660,000,000 | 657,000,000 | 685,000,000 | 679,000,000 | 685,000,000 | 660,000,000 | 652,000,000 | 667,000,000 | 731,000,000 | 751,000,000 | 746,000,000 | 726,000,000 | 801,000,000 | 796,000,000 | 798,000,000 | 755,000,000 | 694,000,000 | 661,000,000 | 623,000,000 | 674,000,000 | 646,000,000 | 681,000,000 | 743,000,000 | 803,000,000 | 817,000,000 | 809,000,000 | 762,000,000 | 654,000,000 | 624,000,000 | 464,000,000 | 658,000,000 | 454,000,000 | 462,000,000 | 392,000,000 | 352,000,000 | 333,000,000 | 333,000,000 | 335,000,000 | 350,000,000 | 359,000,000 | 388,000,000 | 405,000,000 | 379,000,000 | 363,000,000 | 351,000,000 | 353,000,000 | 345,000,000 | 360,000,000 | 374,000,000 | 393,000,000 | 396,000,000 | 406,000,000 | 407,000,000 | 418,000,000 | 417,000,000 | 429,000,000 | 435,000,000 | 396,000,000 | 407,000,000 | 387,000,000 | 422,000,000 | 373,000,000 | 382,000,000 | 376,000,000 | 372,000,000 | 347,000,000 | ||||||||||||||
current portion of deferred revenue | 1,591,000,000 | 1,606,000,000 | 1,600,000,000 | 1,620,000,000 | 1,506,000,000 | 1,347,000,000 | 1,225,000,000 | 1,311,000,000 | 1,236,000,000 | 1,220,000,000 | 1,029,000,000 | 1,017,000,000 | 1,040,000,000 | 1,004,000,000 | 921,000,000 | 871,000,000 | 883,000,000 | 855,000,000 | 806,000,000 | 805,000,000 | 773,000,000 | 691,000,000 | 540,000,000 | 523,000,000 | 527,000,000 | 533,000,000 | 545,000,000 | 505,000,000 | 509,000,000 | 498,000,000 | 500,000,000 | 479,000,000 | 489,000,000 | 500,000,000 | 528,000,000 | 520,000,000 | 498,000,000 | 468,000,000 | 460,000,000 | 433,000,000 | 425,000,000 | 403,000,000 | 414,000,000 | |||||||||||||||||||||||||||||||||||||||
other accrued expenses | 1,951,000,000 | 1,926,000,000 | 1,815,000,000 | 1,926,000,000 | 1,858,000,000 | 1,898,000,000 | 1,745,000,000 | 1,890,000,000 | 3,697,000,000 | 3,754,000,000 | 1,706,000,000 | 1,637,000,000 | 1,648,000,000 | 1,465,000,000 | 1,568,000,000 | 1,221,000,000 | 1,300,000,000 | 1,190,000,000 | 1,185,000,000 | 1,086,000,000 | 1,121,000,000 | 1,112,000,000 | 990,000,000 | 920,000,000 | 971,000,000 | 1,039,000,000 | 997,000,000 | 920,000,000 | 958,000,000 | 852,000,000 | 834,000,000 | 806,000,000 | 764,000,000 | 915,000,000 | 968,000,000 | 974,000,000 | 941,000,000 | 970,000,000 | 985,000,000 | 947,000,000 | 815,000,000 | 863,000,000 | 779,000,000 | 739,000,000 | 778,000,000 | 689,000,000 | 683,000,000 | 646,000,000 | 575,000,000 | 566,000,000 | 547,000,000 | 567,000,000 | 527,000,000 | 544,000,000 | 582,000,000 | 651,000,000 | 678,000,000 | 663,000,000 | 572,000,000 | 620,000,000 | 612,000,000 | 522,000,000 | 619,000,000 | 622,000,000 | 660,000,000 | 672,000,000 | 695,000,000 | 656,000,000 | 1,244,000,000 | 1,092,000,000 | 1,092,000,000 | 973,000,000 | 1,131,000,000 | 1,300,000,000 | 1,080,000,000 | 1,160,000,000 | 827,000,000 | 759,000,000 | 644,000,000 | 749,000,000 | 614,000,000 | |
total current liabilities | 10,167,000,000 | 9,610,000,000 | 9,454,000,000 | 10,315,000,000 | 11,575,000,000 | 11,234,000,000 | 11,603,000,000 | 11,144,000,000 | 11,686,000,000 | 12,903,000,000 | 11,126,000,000 | 11,045,000,000 | 11,923,000,000 | 11,421,000,000 | 10,530,000,000 | 7,671,000,000 | 7,512,000,000 | 7,084,000,000 | 6,861,000,000 | 6,604,000,000 | 6,660,000,000 | 6,335,000,000 | 5,709,000,000 | 6,916,000,000 | 6,982,000,000 | 6,260,000,000 | 6,725,000,000 | 6,289,000,000 | 6,427,000,000 | 6,384,000,000 | 6,416,000,000 | 6,104,000,000 | 5,832,000,000 | 5,677,000,000 | 5,758,000,000 | 4,894,000,000 | 4,662,000,000 | 4,325,000,000 | 4,308,000,000 | 4,150,000,000 | 3,917,000,000 | 3,803,000,000 | 3,968,000,000 | 4,053,000,000 | 4,057,000,000 | 4,021,000,000 | 4,038,000,000 | 3,809,000,000 | 3,555,000,000 | 3,368,000,000 | 3,390,000,000 | 3,462,000,000 | 3,257,000,000 | 3,309,000,000 | 3,570,000,000 | 3,630,000,000 | 3,742,000,000 | 3,713,000,000 | 3,451,000,000 | 3,071,000,000 | 2,807,000,000 | 2,486,000,000 | 2,311,000,000 | 2,114,000,000 | 2,281,000,000 | 2,978,000,000 | 2,936,000,000 | 2,862,000,000 | 2,704,000,000 | 2,543,000,000 | 2,543,000,000 | 2,285,000,000 | 2,399,000,000 | 2,609,000,000 | 2,256,000,000 | 2,218,000,000 | 2,228,000,000 | 2,083,000,000 | 2,007,000,000 | 2,197,000,000 | 2,055,000,000 | |
long-term liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt | 6,729,000,000 | 6,792,000,000 | 6,824,000,000 | 6,807,000,000 | 4,796,000,000 | 4,784,000,000 | 4,856,000,000 | 5,426,000,000 | 5,771,000,000 | 4,802,000,000 | 4,950,000,000 | 5,089,000,000 | 4,409,000,000 | 4,498,000,000 | 5,450,000,000 | 3,490,000,000 | 3,502,000,000 | 3,579,000,000 | 3,602,000,000 | 3,620,000,000 | 3,620,000,000 | 3,610,000,000 | 3,609,000,000 | 1,639,000,000 | 1,580,000,000 | 1,576,000,000 | 1,619,000,000 | 1,624,000,000 | 1,605,000,000 | 1,597,000,000 | 1,563,000,000 | 1,556,000,000 | 1,571,000,000 | 1,588,000,000 | 1,615,000,000 | 1,564,000,000 | 1,576,000,000 | 1,568,000,000 | 1,593,000,000 | 1,614,000,000 | 1,614,000,000 | 1,576,000,000 | 1,595,000,000 | 1,576,000,000 | 1,602,000,000 | 1,589,000,000 | 1,584,000,000 | 1,627,000,000 | 1,632,000,000 | 1,672,000,000 | 1,731,000,000 | 754,000,000 | 736,000,000 | 670,000,000 | 653,000,000 | 650,000,000 | 665,000,000 | 702,000,000 | 685,000,000 | 732,000,000 | 669,000,000 | 640,000,000 | 621,000,000 | 617,000,000 | 651,000,000 | 587,000,000 | 586,000,000 | 578,000,000 | 549,000,000 | 544,000,000 | 544,000,000 | 613,000,000 | 647,000,000 | 813,000,000 | 1,164,000,000 | 1,213,000,000 | 1,252,000,000 | 1,247,000,000 | 1,255,000,000 | 1,299,000,000 | 1,299,000,000 | |
deferred revenue | 1,053,000,000 | 1,054,000,000 | 1,119,000,000 | 1,059,000,000 | 1,053,000,000 | 1,065,000,000 | 1,090,000,000 | 1,046,000,000 | 1,061,000,000 | 966,000,000 | 1,011,000,000 | 939,000,000 | 937,000,000 | 844,000,000 | 867,000,000 | 852,000,000 | 877,000,000 | 850,000,000 | 836,000,000 | 828,000,000 | 828,000,000 | 840,000,000 | 837,000,000 | 829,000,000 | 837,000,000 | 821,000,000 | 769,000,000 | 726,000,000 | 697,000,000 | 658,000,000 | 402,000,000 | 393,000,000 | 401,000,000 | 328,000,000 | 316,000,000 | 295,000,000 | 285,000,000 | 269,000,000 | 243,000,000 | 230,000,000 | 208,000,000 | 208,000,000 | 211,000,000 | 208,000,000 | 202,000,000 | 189,000,000 | 166,000,000 | 142,000,000 | 144,000,000 | |||||||||||||||||||||||||||||||||
other liabilities | 3,124,000,000 | 3,128,000,000 | 3,143,000,000 | 3,205,000,000 | 3,136,000,000 | 3,149,000,000 | 3,162,000,000 | 3,128,000,000 | 3,208,000,000 | 3,430,000,000 | 3,332,000,000 | 3,306,000,000 | 3,283,000,000 | 3,311,000,000 | 1,892,000,000 | 1,506,000,000 | 1,566,000,000 | 1,508,000,000 | 1,435,000,000 | 1,472,000,000 | 1,510,000,000 | 1,548,000,000 | 1,566,000,000 | 1,586,000,000 | 1,431,000,000 | 1,379,000,000 | 1,314,000,000 | 1,234,000,000 | 1,188,000,000 | 892,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities | 21,073,000,000 | 20,584,000,000 | 20,540,000,000 | 21,386,000,000 | 20,560,000,000 | 20,232,000,000 | 20,711,000,000 | 20,744,000,000 | 21,726,000,000 | 22,101,000,000 | 20,419,000,000 | 20,379,000,000 | 20,552,000,000 | 20,074,000,000 | 20,159,000,000 | 14,822,000,000 | 14,759,000,000 | 14,309,000,000 | 14,060,000,000 | 13,815,000,000 | 13,931,000,000 | 13,635,000,000 | 12,927,000,000 | 12,184,000,000 | 12,058,000,000 | 11,272,000,000 | 11,593,000,000 | 11,058,000,000 | 11,119,000,000 | 10,803,000,000 | 10,932,000,000 | 10,721,000,000 | 10,096,000,000 | 9,911,000,000 | 9,431,000,000 | 8,438,000,000 | 8,158,000,000 | 7,837,000,000 | 7,872,000,000 | 7,825,000,000 | 7,567,000,000 | 7,384,000,000 | 7,716,000,000 | 7,664,000,000 | 7,667,000,000 | 7,683,000,000 | 7,547,000,000 | 7,342,000,000 | 7,017,000,000 | 6,858,000,000 | 6,872,000,000 | 5,955,000,000 | 5,711,000,000 | 5,580,000,000 | 5,732,000,000 | 5,761,000,000 | 5,794,000,000 | 5,796,000,000 | 5,527,000,000 | 5,378,000,000 | 5,050,000,000 | 4,717,000,000 | 4,552,000,000 | 4,526,000,000 | 4,751,000,000 | 4,840,000,000 | 4,814,000,000 | 4,704,000,000 | 4,562,000,000 | 4,415,000,000 | 4,415,000,000 | 4,258,000,000 | 4,409,000,000 | 4,668,000,000 | 4,784,000,000 | 4,796,000,000 | 4,880,000,000 | 4,758,000,000 | 4,715,000,000 | 4,918,000,000 | 4,650,000,000 | |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cummins inc. shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 2,602,000,000 | 2,673,000,000 | 2,651,000,000 | 2,624,000,000 | 2,600,000,000 | 2,636,000,000 | 2,612,000,000 | 2,582,000,000 | 2,557,000,000 | 2,564,000,000 | 2,558,000,000 | 2,532,000,000 | 2,230,000,000 | 2,243,000,000 | 2,214,000,000 | 2,423,000,000 | 2,411,000,000 | 2,427,000,000 | 2,412,000,000 | 2,405,000,000 | 2,393,000,000 | 2,404,000,000 | 2,385,000,000 | 2,353,000,000 | 2,335,000,000 | 2,346,000,000 | 2,322,000,000 | 2,307,000,000 | 2,273,000,000 | 2,271,000,000 | 2,151,000,000 | 2,239,000,000 | 2,217,000,000 | 2,210,000,000 | 2,198,000,000 | 2,184,000,000 | 2,163,000,000 | 2,153,000,000 | 2,209,000,000 | 2,196,000,000 | 2,076,000,000 | 2,178,000,000 | 2,173,000,000 | 2,164,000,000 | 2,146,000,000 | 2,139,000,000 | 2,125,000,000 | 2,113,000,000 | 2,101,000,000 | 2,099,000,000 | 2,095,000,000 | 2,082,000,000 | 2,064,000,000 | 2,046,000,000 | 2,036,000,000 | 2,017,000,000 | 1,982,000,000 | 1,968,000,000 | 1,949,000,000 | 1,922,000,000 | 1,868,000,000 | 1,862,000,000 | 1,842,000,000 | 1,796,000,000 | 1,790,000,000 | 1,784,000,000 | 1,734,000,000 | 1,726,000,000 | 276,000,000 | 276,000,000 | 276,000,000 | 275,000,000 | 137,000,000 | 137,000,000 | 122,000,000 | 121,000,000 | 121,000,000 | |||||
retained earnings | 22,994,000,000 | 22,616,000,000 | 22,300,000,000 | 22,040,000,000 | 21,401,000,000 | 20,828,000,000 | 20,660,000,000 | 20,101,000,000 | 19,605,000,000 | 17,851,000,000 | 19,520,000,000 | 19,102,000,000 | 18,605,000,000 | 18,037,000,000 | 17,628,000,000 | 17,450,000,000 | 16,952,000,000 | 16,741,000,000 | 16,555,000,000 | 16,228,000,000 | 15,825,000,000 | 15,419,000,000 | 15,118,000,000 | 14,811,000,000 | 14,728,000,000 | 14,416,000,000 | 14,315,000,000 | 13,897,000,000 | 13,401,000,000 | 12,917,000,000 | 12,519,000,000 | 12,009,000,000 | 11,641,000,000 | 11,464,000,000 | 11,791,000,000 | 11,517,000,000 | 11,265,000,000 | 11,040,000,000 | 10,833,000,000 | 10,716,000,000 | 10,473,000,000 | 10,322,000,000 | 10,331,000,000 | 10,123,000,000 | 9,792,000,000 | 9,545,000,000 | 9,243,000,000 | 8,961,000,000 | 8,629,000,000 | 8,406,000,000 | 8,089,000,000 | 7,850,000,000 | 7,530,000,000 | 7,068,000,000 | 6,810,000,000 | 6,416,000,000 | 5,567,000,000 | 5,191,000,000 | 4,737,000,000 | 4,135,000,000 | 3,900,000,000 | 3,689,000,000 | 3,340,000,000 | 3,280,000,000 | 3,260,000,000 | 3,281,000,000 | 3,087,000,000 | 2,820,000,000 | 2,488,000,000 | 2,329,000,000 | 2,329,000,000 | 2,134,000,000 | 2,009,000,000 | 1,839,000,000 | 1,480,000,000 | 1,360,000,000 | 1,207,000,000 | 1,076,000,000 | 948,000,000 | 866,000,000 | 658,000,000 | |
treasury stock | -10,868,000,000 | -10,662,000,000 | -10,676,000,000 | -10,708,000,000 | -10,711,000,000 | -10,748,000,000 | -10,783,000,000 | -10,797,000,000 | -10,831,000,000 | -9,359,000,000 | -9,369,000,000 | -9,380,000,000 | -9,389,000,000 | -9,415,000,000 | -9,449,000,000 | -9,439,000,000 | -9,412,000,000 | -9,123,000,000 | -8,974,000,000 | -8,838,000,000 | -8,172,000,000 | -7,779,000,000 | -7,696,000,000 | -7,729,000,000 | -7,744,000,000 | -7,225,000,000 | -6,784,000,000 | -6,082,000,000 | -6,111,000,000 | -6,028,000,000 | -5,674,000,000 | -5,276,000,000 | -5,061,000,000 | -4,905,000,000 | -4,849,000,000 | -4,586,000,000 | -4,524,000,000 | -4,489,000,000 | -4,468,000,000 | -4,422,000,000 | -4,203,000,000 | -3,735,000,000 | -3,486,000,000 | -3,350,000,000 | -2,975,000,000 | -2,844,000,000 | -2,779,000,000 | -2,604,000,000 | -2,600,000,000 | -2,195,000,000 | -2,104,000,000 | -714,000,000 | -711,000,000 | -634,000,000 | -603,000,000 | -469,000,000 | -245,000,000 | -245,000,000 | -222,000,000 | |||||||||||||||||||||||
accumulated other comprehensive loss | -2,377,000,000 | -2,278,000,000 | -2,211,000,000 | -2,167,000,000 | -2,366,000,000 | -2,445,000,000 | -2,174,000,000 | -2,335,000,000 | -2,264,000,000 | -2,206,000,000 | -2,051,000,000 | -1,917,000,000 | -1,823,000,000 | -1,890,000,000 | -2,013,000,000 | -1,696,000,000 | -1,515,000,000 | -1,571,000,000 | -1,911,000,000 | -1,929,000,000 | -1,937,000,000 | -1,982,000,000 | -2,107,000,000 | -2,242,000,000 | -2,250,000,000 | -2,028,000,000 | -2,040,000,000 | -1,840,000,000 | -1,739,000,000 | -1,807,000,000 | -1,799,000,000 | -1,667,000,000 | -1,397,000,000 | -1,503,000,000 | -1,504,000,000 | -1,615,000,000 | -1,732,000,000 | -1,821,000,000 | -1,632,000,000 | -1,620,000,000 | -1,417,000,000 | -1,348,000,000 | -1,258,000,000 | -1,071,000,000 | -1,245,000,000 | |||||||||||||||||||||||||||||||||||||
total cummins inc. shareholders’ equity | 12,351,000,000 | 12,349,000,000 | 12,064,000,000 | 11,789,000,000 | 10,924,000,000 | 10,271,000,000 | 10,315,000,000 | 9,551,000,000 | 9,067,000,000 | 8,850,000,000 | 10,658,000,000 | 10,337,000,000 | 9,623,000,000 | 8,975,000,000 | 8,380,000,000 | 8,738,000,000 | 8,436,000,000 | 8,474,000,000 | 8,082,000,000 | 7,866,000,000 | 8,109,000,000 | 8,062,000,000 | 7,700,000,000 | 7,192,000,000 | 7,068,000,000 | 7,507,000,000 | 7,810,000,000 | 8,278,000,000 | 7,820,000,000 | 7,348,000,000 | 7,191,000,000 | 7,299,000,000 | 7,394,000,000 | 7,259,000,000 | 7,629,000,000 | 7,493,000,000 | 7,165,000,000 | 6,875,000,000 | 6,934,000,000 | 6,861,000,000 | 6,920,000,000 | 7,406,000,000 | 7,749,000,000 | 7,854,000,000 | 7,706,000,000 | 7,749,000,000 | 7,748,000,000 | 7,787,000,000 | 7,360,000,000 | 7,510,000,000 | 7,096,000,000 | 6,704,000,000 | 6,655,000,000 | 6,478,000,000 | 6,103,000,000 | 6,010,000,000 | 5,211,000,000 | 5,158,000,000 | 4,867,000,000 | 4,199,000,000 | 3,883,000,000 | 3,791,000,000 | 3,563,000,000 | 3,372,000,000 | 3,223,000,000 | |||||||||||||||||
noncontrolling interests | 1,021,000,000 | 1,059,000,000 | 1,034,000,000 | 1,084,000,000 | 1,047,000,000 | 1,037,000,000 | 1,026,000,000 | 1,025,000,000 | 1,034,000,000 | 1,054,000,000 | 1,020,000,000 | 1,019,000,000 | 997,000,000 | 992,000,000 | 978,000,000 | 917,000,000 | 927,000,000 | 927,000,000 | 921,000,000 | 927,000,000 | 922,000,000 | 927,000,000 | 941,000,000 | 938,000,000 | 950,000,000 | 958,000,000 | 943,000,000 | 918,000,000 | 907,000,000 | 911,000,000 | 869,000,000 | 895,000,000 | 902,000,000 | 905,000,000 | 932,000,000 | 329,000,000 | 311,000,000 | 299,000,000 | 330,000,000 | 334,000,000 | 340,000,000 | 344,000,000 | 332,000,000 | 360,000,000 | 363,000,000 | 344,000,000 | 349,000,000 | 371,000,000 | 374,000,000 | 360,000,000 | 368,000,000 | 389,000,000 | 390,000,000 | 356,000,000 | 334,000,000 | 348,000,000 | 333,000,000 | 359,000,000 | 332,000,000 | 295,000,000 | 277,000,000 | 261,000,000 | 240,000,000 | 223,000,000 | 204,000,000 | |||||||||||||||||
total equity | 13,372,000,000 | 13,408,000,000 | 13,098,000,000 | 12,873,000,000 | 11,971,000,000 | 11,308,000,000 | 11,341,000,000 | 10,576,000,000 | 10,101,000,000 | 9,904,000,000 | 11,678,000,000 | 11,356,000,000 | 10,620,000,000 | 9,967,000,000 | 9,358,000,000 | 9,655,000,000 | 9,363,000,000 | 9,401,000,000 | 9,003,000,000 | 8,793,000,000 | 9,031,000,000 | 8,989,000,000 | 8,641,000,000 | 8,130,000,000 | 8,018,000,000 | 8,465,000,000 | 8,753,000,000 | 9,196,000,000 | 8,727,000,000 | 8,259,000,000 | 8,060,000,000 | 8,194,000,000 | 8,296,000,000 | 8,164,000,000 | 8,561,000,000 | 7,822,000,000 | 7,476,000,000 | 7,174,000,000 | 7,264,000,000 | 7,195,000,000 | 7,260,000,000 | 7,750,000,000 | 8,081,000,000 | 8,214,000,000 | 8,069,000,000 | 8,093,000,000 | 8,097,000,000 | 8,158,000,000 | 7,734,000,000 | 7,870,000,000 | 7,464,000,000 | 7,093,000,000 | 7,045,000,000 | 6,834,000,000 | 6,437,000,000 | 6,358,000,000 | 5,544,000,000 | 5,517,000,000 | 5,199,000,000 | 4,494,000,000 | 4,160,000,000 | 4,052,000,000 | 3,803,000,000 | 3,595,000,000 | 3,427,000,000 | |||||||||||||||||
total liabilities and equity | 34,445,000,000 | 33,992,000,000 | 33,638,000,000 | 34,259,000,000 | 32,531,000,000 | 31,540,000,000 | 32,052,000,000 | 31,320,000,000 | 31,827,000,000 | 24,477,000,000 | 24,122,000,000 | 23,710,000,000 | 23,063,000,000 | 22,608,000,000 | 22,962,000,000 | 22,624,000,000 | 21,568,000,000 | 20,314,000,000 | 20,076,000,000 | 19,737,000,000 | 20,346,000,000 | 20,254,000,000 | 19,846,000,000 | 19,062,000,000 | 18,992,000,000 | 18,915,000,000 | 18,392,000,000 | 18,075,000,000 | 17,992,000,000 | 16,260,000,000 | 15,634,000,000 | 15,011,000,000 | 15,136,000,000 | 15,020,000,000 | 14,827,000,000 | 15,134,000,000 | 15,797,000,000 | 15,878,000,000 | 15,736,000,000 | 15,776,000,000 | 15,644,000,000 | 15,500,000,000 | 14,751,000,000 | 14,728,000,000 | 14,336,000,000 | 13,048,000,000 | 12,756,000,000 | 12,414,000,000 | 12,169,000,000 | 12,119,000,000 | 11,338,000,000 | 11,313,000,000 | 10,726,000,000 | 9,872,000,000 | 9,210,000,000 | 8,769,000,000 | 8,355,000,000 | 8,121,000,000 | 8,178,000,000 | |||||||||||||||||||||||
redeemable noncontrolling interests | 261,000,000 | 258,000,000 | 252,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, redeemable noncontrolling interests and equity | 32,005,000,000 | 32,097,000,000 | 31,735,000,000 | 31,433,000,000 | 30,299,000,000 | 29,769,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 225,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total cash, cash equivalents, restricted cash and marketable securities | 3,064,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade and other | 4,826,000,000 | 4,450,000,000 | 3,869,000,000 | 3,969,000,000 | 3,565,000,000 | 3,752,000,000 | 3,670,000,000 | 3,698,000,000 | 3,440,000,000 | 3,291,000,000 | 3,069,000,000 | 3,234,000,000 | 3,387,000,000 | 3,677,000,000 | 3,899,000,000 | 3,765,000,000 | 3,635,000,000 | 3,670,000,000 | 3,794,000,000 | 3,579,000,000 | 3,311,000,000 | 3,532,000,000 | 3,237,000,000 | 2,980,000,000 | 2,803,000,000 | 2,680,000,000 | 2,811,000,000 | 2,736,000,000 | 2,640,000,000 | 2,915,000,000 | 3,118,000,000 | 2,930,000,000 | 2,744,000,000 | 2,774,000,000 | 2,845,000,000 | 2,661,000,000 | 2,362,000,000 | 2,449,000,000 | 2,479,000,000 | 2,250,000,000 | 2,266,000,000 | 2,331,000,000 | 2,388,000,000 | 2,398,000,000 | 2,511,000,000 | 2,288,000,000 | 1,938,000,000 | 1,783,000,000 | 1,502,000,000 | 1,534,000,000 | 1,533,000,000 | 1,538,000,000 | 2,072,000,000 | 2,079,000,000 | 1,948,000,000 | |||||||||||||||||||||||||||
nonconsolidated equity investees | 376,000,000 | 349,000,000 | 287,000,000 | 399,000,000 | 425,000,000 | 400,000,000 | 462,000,000 | 511,000,000 | 380,000,000 | 337,000,000 | 372,000,000 | 271,000,000 | 283,000,000 | 257,000,000 | 280,000,000 | 260,000,000 | 231,000,000 | 259,000,000 | 301,000,000 | 266,000,000 | 307,000,000 | 278,000,000 | 316,000,000 | 267,000,000 | 222,000,000 | 193,000,000 | 212,000,000 | 185,000,000 | 180,000,000 | 244,000,000 | 304,000,000 | 310,000,000 | 202,000,000 | 285,000,000 | 343,000,000 | 288,000,000 | 287,000,000 | 260,000,000 | 266,000,000 | 246,000,000 | 237,000,000 | 289,000,000 | 296,000,000 | 268,000,000 | 269,000,000 | 282,000,000 | 297,000,000 | 269,000,000 | 225,000,000 | 197,000,000 | 192,000,000 | 191,000,000 | 231,000,000 | 298,000,000 | 276,000,000 | |||||||||||||||||||||||||||
pensions and other postretirement benefits | 678,000,000 | 589,000,000 | 593,000,000 | 604,000,000 | 623,000,000 | 617,000,000 | 621,000,000 | 630,000,000 | 571,000,000 | 578,000,000 | 588,000,000 | 591,000,000 | 521,000,000 | 522,000,000 | 520,000,000 | 532,000,000 | 571,000,000 | 619,000,000 | 629,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued product warranty | 742,000,000 | 714,000,000 | 709,000,000 | 684,000,000 | 703,000,000 | 674,000,000 | 692,000,000 | 672,000,000 | 635,000,000 | 636,000,000 | 640,000,000 | 645,000,000 | 645,000,000 | 663,000,000 | 682,000,000 | 740,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, — and 0.2 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 0.0 and 0.2 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 0.1 and 0.2 shares | -1,000,000 | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 0.2 and 0.4 shares | -2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 0.3 and 0.4 shares | -3,000,000 | -4,000,000 | -4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 0.4 and 0.5 shares | -5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
postretirement benefits other than pensions | 281,000,000 | 289,000,000 | 284,000,000 | 289,000,000 | 319,000,000 | 318,000,000 | 317,000,000 | 329,000,000 | 326,000,000 | 328,000,000 | 339,000,000 | 349,000,000 | 347,000,000 | 351,000,000 | 359,000,000 | 369,000,000 | 333,000,000 | 341,000,000 | 347,000,000 | 356,000,000 | 407,000,000 | 414,000,000 | 422,000,000 | 417,000,000 | 425,000,000 | 428,000,000 | 446,000,000 | 432,000,000 | 435,000,000 | 448,000,000 | 461,000,000 | 466,000,000 | 455,000,000 | 442,000,000 | 448,000,000 | 507,000,000 | 511,000,000 | 511,000,000 | 523,000,000 | 523,000,000 | 528,000,000 | 550,000,000 | 554,000,000 | 556,000,000 | 551,000,000 | 570,000,000 | 570,000,000 | 565,000,000 | ||||||||||||||||||||||||||||||||||
pensions | 331,000,000 | 331,000,000 | 331,000,000 | 330,000,000 | 328,000,000 | 327,000,000 | 325,000,000 | 326,000,000 | 301,000,000 | 299,000,000 | 298,000,000 | 298,000,000 | 292,000,000 | 291,000,000 | 290,000,000 | 289,000,000 | 234,000,000 | 233,000,000 | 232,000,000 | 232,000,000 | 118,000,000 | 157,000,000 | 75,000,000 | 110,000,000 | 146,000,000 | 362,000,000 | 370,000,000 | 406,000,000 | 425,000,000 | 561,000,000 | 590,000,000 | 260,000,000 | 291,000,000 | 291,000,000 | 319,000,000 | 367,000,000 | 263,000,000 | 386,000,000 | 396,000,000 | 412,000,000 | 445,000,000 | 487,000,000 | 466,000,000 | 446,000,000 | ||||||||||||||||||||||||||||||||||||||
other liabilities and deferred revenue | 2,341,000,000 | 2,441,000,000 | 2,078,000,000 | 2,027,000,000 | 1,411,000,000 | 1,335,000,000 | 1,278,000,000 | 1,289,000,000 | 1,344,000,000 | 1,434,000,000 | 1,399,000,000 | 1,358,000,000 | 1,514,000,000 | 1,393,000,000 | 1,359,000,000 | 1,415,000,000 | 1,358,000,000 | 1,332,000,000 | 1,251,000,000 | 1,230,000,000 | 1,344,000,000 | 1,325,000,000 | 1,296,000,000 | 1,184,000,000 | 966,000,000 | 896,000,000 | 866,000,000 | 839,000,000 | 810,000,000 | 765,000,000 | 743,000,000 | 719,000,000 | 740,000,000 | 792,000,000 | 781,000,000 | 704,000,000 | 673,000,000 | 635,000,000 | 542,000,000 | 526,000,000 | 526,000,000 | 518,000,000 | 473,000,000 | 455,000,000 | 428,000,000 | 415,000,000 | ||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 0.5 and 0.5 shares | -6,000,000 | -6,000,000 | -6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 0.5 and 0.7 shares | -7,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 0.6 and 0.7 shares | -7,000,000 | -7,000,000 | -7,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 0.7 and 0.9 shares | -8,000,000 | -8,000,000 | -9,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 0.8 and 0.9 shares | -9,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 0.9 and 1.1 shares | -11,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 1.0 and 1.1 shares | -11,000,000 | -12,000,000 | -12,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid pensions | 784,000,000 | 714,000,000 | 637,000,000 | 701,000,000 | 671,000,000 | 622,000,000 | 514,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
taxes payable | 70,000,000 | 134,000,000 | 125,000,000 | 69,000,000 | 99,000,000 | 112,000,000 | 159,000,000 | 203,000,000 | 172,000,000 | 258,000,000 | 297,000,000 | 251,000,000 | 255,000,000 | 224,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 1.1 and 1.3 shares | -13,000,000 | -14,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
defined benefit postretirement plans | -669,000,000 | -583,000,000 | -597,000,000 | -607,000,000 | -611,000,000 | -738,000,000 | -801,000,000 | -363,000,000 | -368,000,000 | -373,000,000 | -528,000,000 | -536,000,000 | -536,000,000 | -543,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | -409,000,000 | -244,000,000 | -72,000,000 | -148,000,000 | -173,000,000 | -230,000,000 | -251,000,000 | -25,000,000 | 99,000,000 | 125,000,000 | 96,000,000 | 63,000,000 | 63,000,000 | 30,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total accumulated other comprehensive loss | -1,078,000,000 | -827,000,000 | -669,000,000 | -755,000,000 | -784,000,000 | -968,000,000 | -1,052,000,000 | -388,000,000 | -269,000,000 | -248,000,000 | -432,000,000 | -473,000,000 | -473,000,000 | -513,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 1.2 and 1.3 shares | -14,000,000 | -15,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 1.3 and 1.5 shares | -16,000,000 | -16,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 1.4 and 1.5 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 1.6 and 1.8 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 1.7 and 1.8 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt and capital lease obligations | 1,564,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating leases | 23,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase commitments for inventory | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other purchase commitments | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
joint venture funding commitments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension funding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other postretirement benefits | 235,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total | 1,823,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other commercial commitments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
standby letters of credit under revolving credit agreement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
international and other domestic letters of credit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
performance and excise bonds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other guarantees | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit rating agency | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
moody’s investors service, inc. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
standard & poor’s | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fitch | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | 277,000,000 | 305,000,000 | 307,000,000 | 328,000,000 | 312,000,000 | 302,000,000 | 363,000,000 | 364,000,000 | 353,000,000 | 308,000,000 | 296,000,000 | 288,000,000 | 265,000,000 | 270,000,000 | 270,000,000 | 274,000,000 | 277,000,000 | 313,000,000 | 365,000,000 | 363,000,000 | 239,000,000 | 255,000,000 | 289,000,000 | 301,000,000 | 663,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 1.9 and 2.1 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 2.0 and 2.1 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 2.2 and 3.0 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 2.9 and 3.0 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 3.0 and 3.0 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term debt and loans payable | 60,000,000 | 63,000,000 | 76,000,000 | 80,000,000 | 71,000,000 | 119,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 3.5 and 5.1 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unearned compensation | -3,000,000 | -6,000,000 | -7,000,000 | -8,000,000 | -12,000,000 | -13,000,000 | -13,000,000 | -13,000,000 | -17,000,000 | -17,000,000 | -17,000,000 | -21,000,000 | -21,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 4.8 and 5.1 shares | -58,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill and other intangible assets | 607,000,000 | 577,000,000 | 572,000,000 | 555,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes and other assets | 630,000,000 | 642,000,000 | 678,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests | 253,000,000 | 309,000,000 | 313,000,000 | 275,000,000 | 270,000,000 | 270,000,000 | 253,000,000 | 254,000,000 | 240,000,000 | 235,000,000 | 225,000,000 | 221,000,000 | 218,000,000 | 216,000,000 | 208,000,000 | 185,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 5.6 and 6.5 shares | -68,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 3,892,000,000 | 3,832,000,000 | 3,608,000,000 | 3,159,000,000 | 3,159,000,000 | 2,802,000,000 | 1,978,000,000 | 1,864,000,000 | 1,401,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, minority interests and shareholders’ equity | 8,985,000,000 | 8,955,000,000 | 8,625,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held by employee benefits trust, at cost, 6.5 and 6.5 shares | -79,000,000 | -79,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables | 2,025,000,000 | 2,071,000,000 | 2,071,000,000 | 1,917,000,000 | 1,767,000,000 | 1,561,000,000 | 1,482,000,000 | 1,314,000,000 | 1,413,000,000 | 1,363,000,000 | 1,321,000,000 | 1,039,000,000 | 1,099,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant and equipment, net of accumulated depreciation | 1,544,000,000 | 1,536,000,000 | 1,536,000,000 | 1,541,000,000 | 1,545,000,000 | 1,535,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in and advances to equity investees | 448,000,000 | 406,000,000 | 406,000,000 | 378,000,000 | 345,000,000 | 331,000,000 | 287,000,000 | 278,000,000 | 291,000,000 | 276,000,000 | 303,000,000 | 286,000,000 | 250,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term borrowings | 115,000,000 | 122,000,000 | 122,000,000 | 82,000,000 | 164,000,000 | 248,000,000 | 162,000,000 | 154,000,000 | 100,000,000 | 121,000,000 | 113,000,000 | 346,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 1,426,000,000 | 1,377,000,000 | 1,377,000,000 | 1,368,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in trust for employee benefit plans, 3.4 and 3.8 shares | -82,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders' equity | 3,195,000,000 | 2,937,000,000 | 1,761,000,000 | 1,604,000,000 | 1,494,000,000 | 1,126,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, minority interests and shareholders' equity | 8,032,000,000 | 7,844,000,000 | 7,844,000,000 | 7,448,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in trust for employee benefit plans, 3.8 and 3.8 shares | -92,000,000 | -92,000,000 | -92,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional contributed capital | 1,500,000,000 | 1,495,000,000 | 1,205,000,000 | 1,201,000,000 | 1,195,000,000 | 1,183,000,000 | 1,176,000,000 | 1,167,000,000 | 1,134,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
defined other postretirement benefits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
defined benefit pension plans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minimum pension liability adjustment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency translation adjustments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on marketable securities | 2,000,000 | 2,000,000 | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on derivatives | 8,000,000 | 24,000,000 | 8,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost, 2.9 and 2.0 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in trust for employee benefit plans, 1.9 and 2.0 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 7,465,000,000 | 6,997,000,000 | 6,885,000,000 | 6,527,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables from related parties | 128,000,000 | 138,000,000 | 109,000,000 | 125,000,000 | 124,000,000 | 116,000,000 | 121,000,000 | 101,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost, 2.5 and 2.0 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’equity | 2,671,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’equity | 7,579,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost, 2.2 and 2.0 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in trust for employee benefit plans, 2.0 and 2.0 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minimum pension liability | -499,000,000 | -499,000,000 | -499,000,000 | -499,000,000 | -435,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other components | -83,000,000 | -81,000,000 | -50,000,000 | -41,000,000 | -66,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost, 2.0 and 2.2 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in trust for employee benefit plans, 2.0 and 2.2 shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2,316, 2,277 and 2,206, respectively | 1,555,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued product coverage and marketing expenses | 319,000,000 | 287,000,000 | 308,000,000 | 279,000,000 | 294,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other long-term liabilities | 432,000,000 | 432,000,000 | 396,000,000 | 386,000,000 | 285,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
48.5, 48.2 and 48.2 shares issued, respectively | 121,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost, 1.6, 2.2 and 2.7 shares, respectively | -65,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in trust for employee benefit plans, 2.0, 2.2 and | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2.2 shares, respectively | -98,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders' equity | 6,862,000,000 | 6,580,000,000 | 6,425,000,000 | 5,961,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2,284, 2,277 and 2,137, respectively | 1,577,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
48.4, 48.2 and 48.2 shares issued, respectively | 121,000,000 | 121,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost, 2.0, 2.2 and 3.9 shares, respectively | -79,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in trust for employee benefit plans, 2.1, 2.2 and 2.2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares, respectively | -100,000,000 | -102,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2,323, 2,277 and 2,094, respectively | 1,606,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost, 2.1, 2.2 and 5.1 shares, respectively | -83,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in trust for employee benefit plans, 2.1, 2.2 and 2.3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost, 2.2 and 5.6 million shares | -88,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in trust for employee benefit plans, 2.2 and 2.3 million shares | -104,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other current assets | 287,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2,137 and 1,774 | 1,580,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
48.2 and 48.3 million shares issued | 121,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock in treasury, at cost, 3.9 and 5.6 million shares | -157,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock held in trust for employee benefit plans, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2.2 and 2.3 million shares | -108,000,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-10-03 | 2021-07-04 | 2021-04-04 | 2020-12-31 | 2020-09-27 | 2020-06-28 | 2020-03-29 | 2019-12-31 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-07-01 | 2018-04-01 | 2017-12-31 | 2017-10-01 | 2017-07-02 | 2017-04-02 | 2016-12-31 | 2016-10-02 | 2016-07-03 | 2016-04-03 | 2015-12-31 | 2015-09-27 | 2015-06-28 | 2015-03-29 | 2014-12-31 | 2014-09-28 | 2014-06-29 | 2014-03-30 | 2013-12-31 | 2013-09-29 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-07-01 | 2012-04-01 | 2011-12-31 | 2011-09-25 | 2011-06-26 | 2011-03-27 | 2010-09-26 | 2010-06-27 | 2010-03-28 | 2009-09-27 | 2009-06-28 | 2009-03-29 | 2008-09-28 | 2008-06-29 | 2008-03-30 | 2007-09-30 | 2007-08-02 | 2007-04-01 | 2006-12-31 | 2006-04-02 | 2005-12-31 | 2005-09-25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consolidated net income | 680,000,000 | 620,000,000 | 559,000,000 | 928,000,000 | 850,000,000 | 445,000,000 | 843,000,000 | 752,000,000 | 2,028,000,000 | -1,393,000,000 | 690,000,000 | 737,000,000 | 806,000,000 | 644,000,000 | 409,000,000 | 707,000,000 | 423,000,000 | 400,000,000 | 541,000,000 | 612,000,000 | 611,000,000 | 510,000,000 | 504,000,000 | 269,000,000 | 528,000,000 | 298,000,000 | 1,354,000,000 | 669,000,000 | 610,000,000 | 698,000,000 | 554,000,000 | 325,000,000 | -309,000,000 | 457,000,000 | 441,000,000 | 405,000,000 | 396,000,000 | 300,000,000 | 427,000,000 | 333,000,000 | 178,000,000 | 392,000,000 | 496,000,000 | 404,000,000 | 467,000,000 | 439,000,000 | 472,000,000 | 358,000,000 | 461,000,000 | 374,000,000 | 441,000,000 | 312,000,000 | 370,000,000 | 495,000,000 | 475,000,000 | 472,000,000 | 537,000,000 | 365,000,000 | 309,000,000 | 270,000,000 | 170,000,000 | ||||||||||||||
adjustments to reconcile consolidated net income to net cash from operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 282,000,000 | 280,000,000 | 277,000,000 | 279,000,000 | 269,000,000 | 271,000,000 | 266,000,000 | 263,000,000 | 265,000,000 | 264,000,000 | 257,000,000 | 257,000,000 | 246,000,000 | 240,000,000 | 216,000,000 | 167,000,000 | 161,000,000 | 165,000,000 | 160,000,000 | 167,000,000 | 170,000,000 | 174,000,000 | 166,000,000 | 165,000,000 | 168,000,000 | 179,000,000 | 315,000,000 | 157,000,000 | 155,000,000 | 148,000,000 | 154,000,000 | 154,000,000 | 150,000,000 | 149,000,000 | 145,000,000 | 139,000,000 | 139,000,000 | 132,000,000 | 131,000,000 | 128,000,000 | 131,000,000 | 129,000,000 | 126,000,000 | 128,000,000 | 125,000,000 | 113,000,000 | 112,000,000 | 105,000,000 | 102,000,000 | 105,000,000 | 102,000,000 | 98,000,000 | 91,000,000 | 86,000,000 | 85,000,000 | 84,000,000 | 80,000,000 | 79,000,000 | 78,000,000 | 82,000,000 | 79,000,000 | 84,000,000 | 78,000,000 | 76,000,000 | 75,000,000 | 83,000,000 | 75,000,000 | 73,000,000 | 74,000,000 | 68,000,000 | 74,000,000 | 74,000,000 | 79,000,000 | 72,000,000 | |
deferred income taxes | -12,000,000 | 18,000,000 | 206,000,000 | -113,000,000 | -25,000,000 | -103,000,000 | -7,000,000 | -61,000,000 | -38,000,000 | -219,000,000 | -106,000,000 | -94,000,000 | -38,000,000 | -80,000,000 | -82,000,000 | -46,000,000 | -66,000,000 | -37,000,000 | 27,000,000 | 9,000,000 | 8,000,000 | 14,000,000 | 4,000,000 | 0 | -11,000,000 | 10,000,000 | 17,000,000 | 11,000,000 | 70,000,000 | -146,000,000 | 6,000,000 | -27,000,000 | -80,000,000 | 10,000,000 | -10,000,000 | 58,000,000 | 4,000,000 | -2,000,000 | 12,000,000 | -57,000,000 | -62,000,000 | -1,000,000 | 68,000,000 | 51,000,000 | -110,000,000 | 22,000,000 | 22,000,000 | 58,000,000 | 15,000,000 | 5,000,000 | 61,000,000 | 66,000,000 | 21,000,000 | 40,000,000 | 24,000,000 | ||||||||||||||||||||
equity in income of investees, net of dividends | -86,000,000 | -17,000,000 | 50,000,000 | -18,000,000 | -70,000,000 | 87,000,000 | 12,000,000 | -8,000,000 | -78,000,000 | 19,000,000 | 13,000,000 | -46,000,000 | -67,000,000 | 94,000,000 | 32,000,000 | 14,000,000 | -76,000,000 | 67,000,000 | -36,000,000 | 22,000,000 | -136,000,000 | 31,000,000 | -12,000,000 | -46,000,000 | -78,000,000 | 30,000,000 | -43,000,000 | -64,000,000 | 63,000,000 | 7,000,000 | -68,000,000 | -95,000,000 | 43,000,000 | -34,000,000 | -49,000,000 | -83,000,000 | 48,000,000 | -7,000,000 | -39,000,000 | -48,000,000 | 32,000,000 | 0 | -15,000,000 | -53,000,000 | 3,000,000 | 5,000,000 | -56,000,000 | -52,000,000 | 36,000,000 | 5,000,000 | -4,000,000 | 8,000,000 | 52,000,000 | ||||||||||||||||||||||
pension and opeb expense | 19,000,000 | 19,000,000 | 21,000,000 | 20,000,000 | 19,000,000 | 10,000,000 | 9,000,000 | 10,000,000 | 9,000,000 | 4,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 6,000,000 | 8,000,000 | 9,000,000 | 21,000,000 | 21,000,000 | 21,000,000 | 20,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | 27,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
pension contributions and opeb payments | -13,000,000 | -17,000,000 | -12,000,000 | -13,000,000 | -13,000,000 | -18,000,000 | -13,000,000 | -11,000,000 | -48,000,000 | -19,000,000 | -12,000,000 | -11,000,000 | -92,000,000 | -14,000,000 | -16,000,000 | -12,000,000 | -43,000,000 | -16,000,000 | -18,000,000 | -17,000,000 | -51,000,000 | -19,000,000 | -20,000,000 | -22,000,000 | -60,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
changes in current assets and liabilities, net of acquisitions and divestiture | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts and notes receivable | -678,000,000 | -146,000,000 | 177,000,000 | -186,000,000 | -457,000,000 | 189,000,000 | 270,000,000 | -150,000,000 | -11,000,000 | 117,000,000 | 188,000,000 | -14,000,000 | -621,000,000 | -364,000,000 | -81,000,000 | 165,000,000 | -417,000,000 | 179,000,000 | -22,000,000 | 43,000,000 | -374,000,000 | -98,000,000 | -123,000,000 | 63,000,000 | 107,000,000 | 296,000,000 | -312,000,000 | -135,000,000 | 66,000,000 | 126,000,000 | -338,000,000 | -217,000,000 | 214,000,000 | -234,000,000 | -283,000,000 | -205,000,000 | -153,000,000 | 140,000,000 | -154,000,000 | -98,000,000 | 266,000,000 | 263,000,000 | -150,000,000 | -276,000,000 | 147,000,000 | 85,000,000 | -89,000,000 | -232,000,000 | 275,000,000 | 3,000,000 | 37,000,000 | 49,000,000 | |||||||||||||||||||||||
inventories | -333,000,000 | 407,000,000 | -10,000,000 | -105,000,000 | -331,000,000 | 324,000,000 | -257,000,000 | -115,000,000 | -354,000,000 | 85,000,000 | -140,000,000 | -263,000,000 | 30,000,000 | -99,000,000 | -209,000,000 | -289,000,000 | -26,000,000 | -291,000,000 | -292,000,000 | -336,000,000 | 96,000,000 | 174,000,000 | -53,000,000 | -171,000,000 | 353,000,000 | -125,000,000 | -107,000,000 | 78,000,000 | -298,000,000 | -216,000,000 | -259,000,000 | -6,000,000 | -137,000,000 | -62,000,000 | -202,000,000 | 146,000,000 | -49,000,000 | -47,000,000 | -54,000,000 | 329,000,000 | -52,000,000 | -29,000,000 | -98,000,000 | 46,000,000 | -79,000,000 | -88,000,000 | -135,000,000 | 78,000,000 | 238,000,000 | 44,000,000 | -108,000,000 | ||||||||||||||||||||||||
other current assets | -50,000,000 | 80,000,000 | 26,000,000 | -136,000,000 | -36,000,000 | 65,000,000 | -219,000,000 | 24,000,000 | -175,000,000 | 71,000,000 | -54,000,000 | 5,000,000 | -142,000,000 | -91,000,000 | 47,000,000 | -8,000,000 | -57,000,000 | 47,000,000 | -27,000,000 | 6,000,000 | -24,000,000 | -112,000,000 | -22,000,000 | 16,000,000 | 79,000,000 | -143,000,000 | 15,000,000 | 67,000,000 | -62,000,000 | -58,000,000 | -98,000,000 | 56,000,000 | 16,000,000 | -49,000,000 | -52,000,000 | 73,000,000 | -124,000,000 | -51,000,000 | 1,000,000 | 188,000,000 | -284,000,000 | 115,000,000 | -2,000,000 | 20,000,000 | 7,000,000 | -10,000,000 | 2,000,000 | 2,000,000 | -32,000,000 | 56,000,000 | 158,000,000 | -2,000,000 | 3,000,000 | 10,000,000 | 13,000,000 | 9,000,000 | |||||||||||||||||||
accounts payable | 629,000,000 | -1,000,000 | -295,000,000 | -182,000,000 | 330,000,000 | -210,000,000 | -236,000,000 | -64,000,000 | 327,000,000 | -109,000,000 | -22,000,000 | -316,000,000 | 381,000,000 | 185,000,000 | -73,000,000 | -58,000,000 | 484,000,000 | -199,000,000 | 39,000,000 | -88,000,000 | 465,000,000 | 179,000,000 | 329,000,000 | -391,000,000 | 171,000,000 | -307,000,000 | 148,000,000 | 166,000,000 | -165,000,000 | 25,000,000 | 196,000,000 | 246,000,000 | 72,000,000 | 164,000,000 | 107,000,000 | 296,000,000 | 87,000,000 | -42,000,000 | 36,000,000 | 103,000,000 | -84,000,000 | -149,000,000 | -50,000,000 | 147,000,000 | -72,000,000 | 27,000,000 | -13,000,000 | 302,000,000 | -58,000,000 | 106,000,000 | 204,000,000 | -87,000,000 | 148,000,000 | 10,000,000 | 56,000,000 | 251,000,000 | 97,000,000 | 185,000,000 | 54,000,000 | 26,000,000 | 8,000,000 | 164,000,000 | 3,000,000 | 89,000,000 | 126,000,000 | 17,000,000 | 108,000,000 | -67,000,000 | 69,000,000 | ||||||
accrued expenses | -167,000,000 | 205,000,000 | 43,000,000 | 243,000,000 | -487,000,000 | 427,000,000 | -67,000,000 | -1,540,000,000 | -393,000,000 | 2,391,000,000 | 282,000,000 | 110,000,000 | 151,000,000 | -46,000,000 | 157,000,000 | -30,000,000 | -251,000,000 | 106,000,000 | 266,000,000 | 193,000,000 | -24,000,000 | 357,000,000 | 186,000,000 | -101,000,000 | -321,000,000 | -38,000,000 | -194,000,000 | -293,000,000 | 92,000,000 | 247,000,000 | 366,000,000 | -272,000,000 | 9,000,000 | 237,000,000 | 222,000,000 | -90,000,000 | 84,000,000 | -70,000,000 | 74,000,000 | -283,000,000 | -73,000,000 | -132,000,000 | 14,000,000 | -35,000,000 | 6,000,000 | 42,000,000 | 215,000,000 | -95,000,000 | 4,000,000 | 104,000,000 | 24,000,000 | -14,000,000 | |||||||||||||||||||||||
other | 38,000,000 | 86,000,000 | 263,000,000 | 68,000,000 | -52,000,000 | -65,000,000 | 39,000,000 | 49,000,000 | 77,000,000 | 15,000,000 | 203,000,000 | 31,000,000 | 99,000,000 | 142,000,000 | -18,000,000 | -25,000,000 | -13,000,000 | -39,000,000 | -89,000,000 | -24,000,000 | -31,000,000 | 1,000,000 | 27,000,000 | -69,000,000 | -30,000,000 | 10,000,000 | -39,000,000 | -145,000,000 | 84,000,000 | 46,000,000 | 79,000,000 | -45,000,000 | -58,000,000 | -34,000,000 | -84,000,000 | 3,000,000 | 58,000,000 | 13,000,000 | 22,000,000 | 10,000,000 | 23,000,000 | -18,000,000 | -5,000,000 | -30,000,000 | -2,000,000 | 3,000,000 | -31,000,000 | 50,000,000 | -6,000,000 | -51,000,000 | 8,000,000 | 62,000,000 | 6,000,000 | 2,000,000 | 1,000,000 | 0 | 0 | 2,000,000 | 11,000,000 | 8,000,000 | 10,000,000 | 1,000,000 | -2,000,000 | 4,000,000 | -7,000,000 | 15,000,000 | 2,000,000 | 14,000,000 | 17,000,000 | -59,000,000 | |||||
net cash from operating activities | 309,000,000 | 1,534,000,000 | 1,305,000,000 | 785,000,000 | -3,000,000 | 1,422,000,000 | 640,000,000 | -851,000,000 | 276,000,000 | 1,459,000,000 | 1,529,000,000 | 483,000,000 | 495,000,000 | 817,000,000 | 382,000,000 | 599,000,000 | 164,000,000 | 732,000,000 | 569,000,000 | 616,000,000 | 339,000,000 | 1,142,000,000 | 1,223,000,000 | -22,000,000 | 379,000,000 | 838,000,000 | 1,220,000,000 | 412,000,000 | 990,000,000 | 915,000,000 | 590,000,000 | -117,000,000 | 806,000,000 | 645,000,000 | 447,000,000 | 379,000,000 | 625,000,000 | 576,000,000 | 471,000,000 | 263,000,000 | 928,000,000 | 562,000,000 | 396,000,000 | 173,000,000 | 687,000,000 | 438,000,000 | 263,000,000 | 756,000,000 | 373,000,000 | 532,000,000 | 428,000,000 | 390,000,000 | 376,000,000 | 21,000,000 | 624,000,000 | 656,000,000 | 88,000,000 | 192,000,000 | 301,000,000 | 126,000,000 | 409,000,000 | 245,000,000 | 76,000,000 | 319,000,000 | 369,000,000 | 37,000,000 | 367,000,000 | 227,000,000 | 18,000,000 | 230,000,000 | |||||
cash flows from investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | -189,000,000 | -544,000,000 | -298,000,000 | -231,000,000 | -162,000,000 | -540,000,000 | -259,000,000 | -240,000,000 | -169,000,000 | -519,000,000 | -280,000,000 | -221,000,000 | -193,000,000 | -463,000,000 | -202,000,000 | -147,000,000 | -104,000,000 | -372,000,000 | -150,000,000 | -125,000,000 | -87,000,000 | -260,000,000 | -116,000,000 | -77,000,000 | -75,000,000 | -305,000,000 | -242,000,000 | -109,000,000 | -348,000,000 | -175,000,000 | -114,000,000 | -72,000,000 | -224,000,000 | -100,000,000 | -101,000,000 | -81,000,000 | -219,000,000 | -123,000,000 | -118,000,000 | -71,000,000 | -351,000,000 | -146,000,000 | -147,000,000 | -100,000,000 | -164,000,000 | -138,000,000 | -107,000,000 | -259,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -43,000,000 | |||||
free cash flows | 120,000,000 | 990,000,000 | 1,007,000,000 | 554,000,000 | -165,000,000 | 882,000,000 | 381,000,000 | -1,091,000,000 | 107,000,000 | 940,000,000 | 1,249,000,000 | 262,000,000 | 302,000,000 | 354,000,000 | 180,000,000 | 452,000,000 | 60,000,000 | 360,000,000 | 419,000,000 | 491,000,000 | 252,000,000 | 882,000,000 | 1,107,000,000 | -99,000,000 | 304,000,000 | 533,000,000 | 978,000,000 | 303,000,000 | 642,000,000 | 740,000,000 | 476,000,000 | -189,000,000 | 582,000,000 | 545,000,000 | 346,000,000 | 298,000,000 | 406,000,000 | 453,000,000 | 353,000,000 | 192,000,000 | 577,000,000 | 416,000,000 | 249,000,000 | 73,000,000 | 523,000,000 | 300,000,000 | 156,000,000 | 497,000,000 | 373,000,000 | 532,000,000 | 428,000,000 | 390,000,000 | 376,000,000 | 21,000,000 | 624,000,000 | 656,000,000 | 88,000,000 | 192,000,000 | 301,000,000 | 126,000,000 | 409,000,000 | 245,000,000 | 76,000,000 | 319,000,000 | 369,000,000 | 37,000,000 | 367,000,000 | 227,000,000 | 18,000,000 | 187,000,000 | |||||
investments in marketable securities—acquisitions | -232,000,000 | -494,000,000 | -350,000,000 | -326,000,000 | -457,000,000 | -438,000,000 | -349,000,000 | -334,000,000 | -379,000,000 | -433,000,000 | -328,000,000 | -322,000,000 | -326,000,000 | -335,000,000 | -305,000,000 | -236,000,000 | -197,000,000 | -237,000,000 | -207,000,000 | -219,000,000 | -143,000,000 | -171,000,000 | -137,000,000 | -169,000,000 | -116,000,000 | -128,000,000 | -259,000,000 | -121,000,000 | -52,000,000 | -173,000,000 | -76,000,000 | -67,000,000 | -88,000,000 | -37,000,000 | -43,000,000 | -26,000,000 | -31,000,000 | -68,000,000 | -88,000,000 | -291,000,000 | -107,000,000 | -2,000,000 | -78,000,000 | -95,000,000 | -62,000,000 | -34,000,000 | -95,000,000 | -84,000,000 | -58,000,000 | ||||||||||||||||||||||||||
investments in marketable securities—liquidations | 407,000,000 | 319,000,000 | 495,000,000 | 204,000,000 | 432,000,000 | 347,000,000 | 428,000,000 | 254,000,000 | 431,000,000 | 332,000,000 | 382,000,000 | 275,000,000 | 345,000,000 | 332,000,000 | 358,000,000 | 207,000,000 | 254,000,000 | 71,000,000 | 221,000,000 | 174,000,000 | 207,000,000 | 61,000,000 | 154,000,000 | 159,000,000 | 95,000,000 | 93,000,000 | 153,000,000 | 103,000,000 | 33,000,000 | 182,000,000 | 34,000,000 | 82,000,000 | 48,000,000 | 56,000,000 | 15,000,000 | 147,000,000 | 15,000,000 | 54,000,000 | 202,000,000 | 35,000,000 | 42,000,000 | 73,000,000 | 84,000,000 | 71,000,000 | 20,000,000 | 137,000,000 | 71,000,000 | 108,000,000 | 92,000,000 | 153,000,000 | 93,000,000 | 187,000,000 | 195,000,000 | 96,000,000 | 184,000,000 | 229,000,000 | 209,000,000 | 134,000,000 | 174,000,000 | 170,000,000 | 108,000,000 | 38,000,000 | 55,000,000 | 78,000,000 | 122,000,000 | 90,000,000 | 69,000,000 | 97,000,000 | 94,000,000 | 114,000,000 | 42,000,000 | ||||
net cash from investing activities | -10,000,000 | -885,000,000 | -231,000,000 | -369,000,000 | -246,000,000 | -713,000,000 | -263,000,000 | -400,000,000 | -406,000,000 | -783,000,000 | -254,000,000 | -378,000,000 | -228,000,000 | -676,000,000 | -2,920,000,000 | -566,000,000 | -10,000,000 | -595,000,000 | -132,000,000 | -121,000,000 | -25,000,000 | -382,000,000 | -103,000,000 | -135,000,000 | -99,000,000 | -321,000,000 | -411,000,000 | -71,000,000 | -455,000,000 | -283,000,000 | -200,000,000 | -36,000,000 | -266,000,000 | -626,000,000 | -133,000,000 | -27,000,000 | -327,000,000 | -199,000,000 | -3,000,000 | -388,000,000 | -441,000,000 | -177,000,000 | -175,000,000 | -125,000,000 | -594,000,000 | -177,000,000 | -276,000,000 | -187,000,000 | -301,000,000 | -49,000,000 | |||||||||||||||||||||||||
cash flows from financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from borrowings | 213,000,000 | 103,000,000 | 86,000,000 | 2,094,000,000 | 52,000,000 | 97,000,000 | 141,000,000 | 84,000,000 | 2,398,000,000 | 82,000,000 | 42,000,000 | 694,000,000 | 43,000,000 | 27,000,000 | 2,020,000,000 | 44,000,000 | 15,000,000 | 2,000,000 | 2,000,000 | 0 | 2,000,000 | 4,000,000 | 105,000,000 | 20,000,000 | 12,000,000 | 10,000,000 | 2,000,000 | 16,000,000 | 22,000,000 | 10,000,000 | 7,000,000 | 17,000,000 | 985,000,000 | 18,000,000 | 34,000,000 | 12,000,000 | 36,000,000 | 22,000,000 | 38,000,000 | 78,000,000 | 15,000,000 | 70,000,000 | 1,000,000 | 3,000,000 | 7,000,000 | 14,000,000 | 35,000,000 | 42,000,000 | -1,000,000 | 0 | 4,000,000 | 14,000,000 | 19,000,000 | 19,000,000 | 24,000,000 | ||||||||||||||||||||
net (payments) borrowings of commercial paper | -4,000,000 | 0 | -213,000,000 | 92,000,000 | -117,000,000 | -6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on borrowings and finance lease obligations | -108,000,000 | -148,000,000 | -617,000,000 | -66,000,000 | -144,000,000 | -182,000,000 | -163,000,000 | -475,000,000 | -748,000,000 | -745,000,000 | -163,000,000 | -86,000,000 | -142,000,000 | -480,000,000 | -999,000,000 | -47,000,000 | -24,000,000 | -16,000,000 | -24,000,000 | -17,000,000 | -16,000,000 | -32,000,000 | -16,000,000 | -15,000,000 | -10,000,000 | -49,000,000 | -17,000,000 | -10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
dividend payments on common stock | -276,000,000 | -277,000,000 | -276,000,000 | -251,000,000 | -251,000,000 | -250,000,000 | -250,000,000 | -230,000,000 | -239,000,000 | -238,000,000 | -238,000,000 | -223,000,000 | -222,000,000 | -222,000,000 | -222,000,000 | -204,000,000 | -207,000,000 | -208,000,000 | -207,000,000 | -197,000,000 | -197,000,000 | -200,000,000 | -194,000,000 | -193,000,000 | -195,000,000 | -199,000,000 | -358,000,000 | -179,000,000 | -181,000,000 | -182,000,000 | -177,000,000 | -178,000,000 | -179,000,000 | -179,000,000 | -172,000,000 | -171,000,000 | -171,000,000 | -172,000,000 | -163,000,000 | -170,000,000 | -170,000,000 | -172,000,000 | -140,000,000 | -140,000,000 | -142,000,000 | -141,000,000 | -114,000,000 | -115,000,000 | -115,000,000 | -14,000,000 | |||||||||||||||||||||||||
repurchases of common stock | -243,000,000 | -4,000,000 | -23,000,000 | -36,000,000 | -311,000,000 | -174,000,000 | -138,000,000 | -672,000,000 | -418,000,000 | -91,000,000 | 0 | 0 | -550,000,000 | -465,000,000 | -100,000,000 | -100,000,000 | -261,000,000 | -500,000,000 | -216,000,000 | -163,000,000 | -60,000,000 | -271,000,000 | -69,000,000 | -51,000,000 | -33,000,000 | -50,000,000 | -120,000,000 | -575,000,000 | -250,000,000 | -136,000,000 | -377,000,000 | -137,000,000 | -65,000,000 | -175,000,000 | -11,000,000 | -419,000,000 | -92,000,000 | ||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -517,000,000 | -369,000,000 | -827,000,000 | 332,000,000 | 92,000,000 | -737,000,000 | -243,000,000 | 308,000,000 | 499,000,000 | -1,108,000,000 | -466,000,000 | -240,000,000 | -363,000,000 | -442,000,000 | 2,502,000,000 | 106,000,000 | -497,000,000 | -148,000,000 | -357,000,000 | -977,000,000 | -745,000,000 | -284,000,000 | 104,000,000 | 226,000,000 | 234,000,000 | -897,000,000 | -711,000,000 | -347,000,000 | -440,000,000 | -707,000,000 | -201,000,000 | -52,000,000 | -474,000,000 | -56,000,000 | -380,000,000 | -164,000,000 | -368,000,000 | -149,000,000 | -260,000,000 | -632,000,000 | -429,000,000 | -386,000,000 | -533,000,000 | -296,000,000 | -244,000,000 | -343,000,000 | -154,000,000 | -602,000,000 | -292,000,000 | ||||||||||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents | -13,000,000 | -1,000,000 | 0 | 39,000,000 | 18,000,000 | -34,000,000 | 9,000,000 | -8,000,000 | -7,000,000 | -43,000,000 | -25,000,000 | -97,000,000 | 73,000,000 | 47,000,000 | 27,000,000 | 15,000,000 | 27,000,000 | 5,000,000 | -12,000,000 | -42,000,000 | -8,000,000 | -9,000,000 | 48,000,000 | -51,000,000 | -4,000,000 | 31,000,000 | -14,000,000 | -21,000,000 | -78,000,000 | 43,000,000 | 13,000,000 | 34,000,000 | 37,000,000 | 14,000,000 | -61,000,000 | -22,000,000 | -78,000,000 | -39,000,000 | -35,000,000 | -71,000,000 | 75,000,000 | -56,000,000 | -67,000,000 | -58,000,000 | 33,000,000 | 5,000,000 | 37,000,000 | 27,000,000 | 0 | 8,000,000 | -1,000,000 | 0 | 6,000,000 | 6,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | 1,000,000 | |||||||||||||||||
net decrease in cash and cash equivalents | -231,000,000 | -178,000,000 | -121,000,000 | 37,000,000 | 186,000,000 | -316,000,000 | -131,000,000 | 206,000,000 | 130,000,000 | -796,000,000 | -72,000,000 | -237,000,000 | -304,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | 2,845,000,000 | 0 | 0 | 0 | 1,671,000,000 | 0 | 0 | 0 | 2,179,000,000 | 0 | 2,101,000,000 | 0 | 0 | 0 | 2,592,000,000 | 0 | 0 | 0 | 3,401,000,000 | 0 | 0 | 0 | 1,129,000,000 | 0 | 1,303,000,000 | 1,303,000,000 | 0 | 0 | 0 | 1,369,000,000 | 0 | 0 | 0 | 1,120,000,000 | 0 | 0 | 0 | 1,711,000,000 | 0 | 0 | 0 | 2,301,000,000 | 0 | 0 | 0 | 2,699,000,000 | 0 | 0 | 0 | 1,369,000,000 | 0 | 0 | 1,484,000,000 | 0 | 0 | 1,023,000,000 | 0 | 0 | 930,000,000 | 0 | 0 | 426,000,000 | 0 | 0 | 577,000,000 | 0 | 0 | 840,000,000 | 0 | 779,000,000 | |||||
cash and cash equivalents at end of period | 2,614,000,000 | 279,000,000 | 247,000,000 | 787,000,000 | 1,532,000,000 | -62,000,000 | 143,000,000 | -951,000,000 | 2,541,000,000 | -178,000,000 | 1,980,000,000 | -398,000,000 | 37,000,000 | 186,000,000 | 2,276,000,000 | 4,000,000 | 107,000,000 | -477,000,000 | 2,958,000,000 | 434,000,000 | 1,216,000,000 | 60,000,000 | 1,691,000,000 | -431,000,000 | 1,397,000,000 | 1,328,000,000 | 81,000,000 | -96,000,000 | 111,000,000 | 1,207,000,000 | 79,000,000 | -3,000,000 | -29,000,000 | 1,322,000,000 | -131,000,000 | 206,000,000 | 130,000,000 | 915,000,000 | 23,000,000 | -72,000,000 | -237,000,000 | 1,997,000,000 | -27,000,000 | 109,000,000 | 41,000,000 | 2,178,000,000 | 200,000,000 | 1,117,000,000 | -101,000,000 | 1,483,000,000 | -112,000,000 | -172,000,000 | 1,317,000,000 | 54,000,000 | 332,000,000 | 779,000,000 | 13,000,000 | 39,000,000 | 885,000,000 | 152,000,000 | 181,000,000 | 353,000,000 | 50,000,000 | 76,000,000 | 446,000,000 | -2,000,000 | 105,000,000 | 521,000,000 | 676,000,000 | ||||||
gain related to divestiture of atmus | 0 | 0 | 0 | -1,333,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in and net advances (to) from equity investees | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of businesses, net of cash acquired | 0 | 0 | 0 | -12,000,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash associated with atmus divestiture | 0 | 0 | 0 | -174,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net payments of commercial paper | -887,000,000 | -29,000,000 | -2,000,000 | 113,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for purchase of redeemable noncontrolling interests | -55,000,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 279,000,000 | 247,000,000 | 787,000,000 | -139,000,000 | -62,000,000 | 362,000,000 | 4,000,000 | 107,000,000 | -477,000,000 | -443,000,000 | 434,000,000 | 1,216,000,000 | 60,000,000 | 562,000,000 | -431,000,000 | 94,000,000 | 25,000,000 | 81,000,000 | -96,000,000 | 111,000,000 | -162,000,000 | 79,000,000 | -3,000,000 | -29,000,000 | 202,000,000 | -27,000,000 | 109,000,000 | 41,000,000 | -521,000,000 | 200,000,000 | 1,117,000,000 | -101,000,000 | 114,000,000 | 54,000,000 | 152,000,000 | -187,000,000 | 218,000,000 | 157,000,000 | |||||||||||||||||||||||||||||||||||||
investments in and net advances to equity investees | -9,000,000 | 6,000,000 | -60,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net borrowings (payments) of commercial paper | 481,000,000 | 55,000,000 | 1,688,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
russian suspension costs, net of recoveries | -1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in current assets and liabilities, net of acquisitions and divestitures | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of business, net of cash acquired | -59,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in current assets and liabilities, net of acquisitions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of businesses, net of cash acquired | -165,000,000 | 7,000,000 | -183,000,000 | -2,763,000,000 | 0 | 0 | -62,000,000 | -93,000,000 | 0 | 0 | -1,000,000 | -15,000,000 | -87,000,000 | -4,000,000 | -11,000,000 | -170,000,000 | -73,000,000 | -103,000,000 | -90,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash, cash equivalents and restricted cash | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of period | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on corporate owned life insurance | -1,000,000 | -19,000,000 | -37,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency remeasurement and transaction exposure | -48,000,000 | -11,000,000 | 109,000,000 | -126,000,000 | -3,000,000 | -7,000,000 | 10,000,000 | 17,000,000 | 9,000,000 | 1,000,000 | 9,000,000 | -5,000,000 | -5,000,000 | 3,000,000 | -51,000,000 | 46,000,000 | 79,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in other liabilities | 11,000,000 | 64,000,000 | 40,000,000 | -30,000,000 | -81,000,000 | 70,000,000 | 53,000,000 | -25,000,000 | -19,000,000 | 9,000,000 | 171,000,000 | 28,000,000 | 72,000,000 | 120,000,000 | 64,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
russian suspension costs | 158,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of a business, net of cash acquired | 83,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring payments | 0 | -19,000,000 | -33,000,000 | -48,000,000 | -11,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on corporate owned life insurance | -1,000,000 | -20,000,000 | 32,000,000 | -12,000,000 | -21,000,000 | -17,000,000 | -55,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net borrowings | 410,000,000 | 957,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
share-based compensation expense | 10,000,000 | 9,000,000 | 5,000,000 | 12,000,000 | 7,000,000 | 10,000,000 | 8,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairments and other charges | 0 | 0 | 36,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on corporate owned life insurance | 29,000,000 | 48,000,000 | 37,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in internal use software | -20,000,000 | -13,000,000 | -11,000,000 | -16,000,000 | -14,000,000 | -11,000,000 | -11,000,000 | -14,000,000 | -12,000,000 | -13,000,000 | -8,000,000 | -25,000,000 | -34,000,000 | -20,000,000 | -20,000,000 | -20,000,000 | -20,000,000 | -15,000,000 | -22,000,000 | -19,000,000 | -13,000,000 | -27,000,000 | -21,000,000 | -15,000,000 | -14,000,000 | -13,000,000 | -17,000,000 | -16,000,000 | -14,000,000 | -8,000,000 | -15,000,000 | -14,000,000 | -12,000,000 | -14,000,000 | -21,000,000 | -10,000,000 | |||||||||||||||||||||||||||||||||||||||
proceeds from sale of land | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in and net advances from (to) equity investees | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from derivatives not designated as hedges | 3,000,000 | -30,000,000 | -2,000,000 | 30,000,000 | 7,000,000 | -2,000,000 | 14,000,000 | 19,000,000 | 7,000,000 | -28,000,000 | 6,000,000 | 42,000,000 | -26,000,000 | 55,000,000 | -46,000,000 | -47,000,000 | -36,000,000 | 27,000,000 | 67,000,000 | -10,000,000 | 43,000,000 | -24,000,000 | -38,000,000 | -43,000,000 | 5,000,000 | -26,000,000 | -9,000,000 | 12,000,000 | 1,000,000 | 4,000,000 | -1,000,000 | 5,000,000 | 16,000,000 | 12,000,000 | -10,000,000 | 11,000,000 | -2,000,000 | 2,000,000 | 4,000,000 | ||||||||||||||||||||||||||||||||||||
net borrowings (payments) under short-term credit agreements | 29,000,000 | 57,000,000 | -6,000,000 | -9,000,000 | -39,000,000 | 15,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to noncontrolling interests | -24,000,000 | 0 | -14,000,000 | 0 | -15,000,000 | 0 | -13,000,000 | 0 | -13,000,000 | 0 | -13,000,000 | 0 | -13,000,000 | -13,000,000 | 0 | -19,000,000 | 0 | -11,000,000 | 0 | -19,000,000 | 0 | -10,000,000 | -23,000,000 | -18,000,000 | -14,000,000 | -10,000,000 | -14,000,000 | -21,000,000 | -13,000,000 | -1,000,000 | -31,000,000 | -20,000,000 | -19,000,000 | -13,000,000 | -22,000,000 | ||||||||||||||||||||||||||||||||||||||||
proceeds from issuing common stock | 17,000,000 | 10,000,000 | 9,000,000 | 29,000,000 | 1,000,000 | 8,000,000 | 18,000,000 | 0 | 1,000,000 | 2,000,000 | 1,000,000 | 4,000,000 | 3,000,000 | 15,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net payments under short-term credit agreements | -3,000,000 | -28,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in and advances to equity investees | -32,000,000 | -51,000,000 | -7,000,000 | 34,000,000 | -24,000,000 | -21,000,000 | -13,000,000 | -10,000,000 | -7,000,000 | -4,000,000 | -18,000,000 | -10,000,000 | -28,000,000 | 6,000,000 | 1,000,000 | -16,000,000 | 5,000,000 | -7,000,000 | -44,000,000 | -20,000,000 | -12,000,000 | -12,000,000 | 8,000,000 | -25,000,000 | 2,000,000 | 8,000,000 | -27,000,000 | 10,000,000 | -21,000,000 | -28,000,000 | -5,000,000 | -6,000,000 | -30,000,000 | ||||||||||||||||||||||||||||||||||||||||||
restructuring actions, net of cash payments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (payments) borrowings under short-term credit agreements | 65,000,000 | 9,000,000 | 0 | -102,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in current assets and liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net | -346,000,000 | -71,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net borrowings under short-term credit agreements | 4,000,000 | 2,000,000 | -21,000,000 | 25,000,000 | 0 | -8,000,000 | -37,000,000 | -22,000,000 | 2,000,000 | 10,000,000 | 1,000,000 | 5,000,000 | 4,000,000 | 4,000,000 | -13,000,000 | 14,000,000 | 13,000,000 | 1,000,000 | -19,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
in millions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance at december 31, 2017 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adoption of new accounting standards | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 110,000,000 | 70,000,000 | 14,000,000 | 229,000,000 | 293,000,000 | 190,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive loss, net of tax | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
employee benefits trust activity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends on common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
share-based awards | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other shareholder transactions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance at december 31, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance at december 31, 2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance at december 31, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation expense | 10,000,000 | 8,000,000 | 4,000,000 | 12,000,000 | 28,000,000 | 9,000,000 | 15,000,000 | 10,000,000 | 19,000,000 | 9,000,000 | 7,000,000 | 11,000,000 | 16,000,000 | 7,000,000 | 4,000,000 | 8,000,000 | 15,000,000 | 5,000,000 | 0 | 7,000,000 | 12,000,000 | 5,000,000 | 9,000,000 | 6,000,000 | 11,000,000 | 10,000,000 | 8,000,000 | 10,000,000 | 12,000,000 | 7,000,000 | 8,000,000 | 14,000,000 | 7,000,000 | 10,000,000 | 13,000,000 | 5,000,000 | 6,000,000 | 5,000,000 | 6,000,000 | 4,000,000 | 6,000,000 | 6,000,000 | 10,000,000 | 9,000,000 | 8,000,000 | 8,000,000 | 6,000,000 | 6,000,000 | 5,000,000 | 4,000,000 | 5,000,000 | 4,000,000 | |||||||||||||||||||||||
impact of tax legislation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from disposals of property, plant and equipment | 6,000,000 | 6,000,000 | 0 | 0 | 5,000,000 | 4,000,000 | 4,000,000 | 38,000,000 | 1,000,000 | 1,000,000 | 6,000,000 | 10,000,000 | 9,000,000 | 1,000,000 | 14,000,000 | 17,000,000 | 2,000,000 | 17,000,000 | 22,000,000 | 8,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension contributions | -45,000,000 | -17,000,000 | -66,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other postretirement benefits payments in excess of expense | -10,000,000 | -12,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net borrowings of commercial paper | -20,000,000 | 295,000,000 | -216,000,000 | 62,000,000 | -61,000,000 | 73,000,000 | 150,000,000 | 50,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
in millions, except per share amounts | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance at march 31, 2019 | 556,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income, net of tax | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends on common stock, 1.14 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock based awards | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance at june 30, 2019 | 556,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance at april 1, 2018 | 556,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends on common stock, 1.08 per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance at july 1, 2018 | 556,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension contributions under | 13,000,000 | 11,000,000 | 12,000,000 | 13,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other post retirement benefits payments in excess of expense | -11,000,000 | -5,000,000 | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss contingency charges, net of payments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of equity investees | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on borrowings and capital lease obligations | -8,000,000 | -21,000,000 | -17,000,000 | -16,000,000 | -22,000,000 | -9,000,000 | -18,000,000 | -11,000,000 | -7,000,000 | -23,000,000 | -118,000,000 | -15,000,000 | -12,000,000 | -33,000,000 | -13,000,000 | -18,000,000 | -22,000,000 | -33,000,000 | -14,000,000 | -25,000,000 | -28,000,000 | -25,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of noncontrolling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance at december 31, 2015 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance at december 31, 2016 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of business | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impact of adopting accounting standards | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss contingency payments | 0 | 0 | -65,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
translation and hedging activities | -6,000,000 | -59,000,000 | 38,000,000 | 10,000,000 | 30,000,000 | 20,000,000 | 11,000,000 | -16,000,000 | 6,000,000 | -31,000,000 | -14,000,000 | 4,000,000 | -5,000,000 | 20,000,000 | 7,000,000 | 6,000,000 | -10,000,000 | -6,000,000 | -3,000,000 | -9,000,000 | 23,000,000 | 9,000,000 | -3,000,000 | 10,000,000 | 4,000,000 | 7,000,000 | -18,000,000 | 32,000,000 | 19,000,000 | 7,000,000 | 2,000,000 | 6,000,000 | 2,000,000 | 3,000,000 | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||
changes in other liabilities and deferred revenue | 113,000,000 | -22,000,000 | 27,000,000 | 64,000,000 | 74,000,000 | 55,000,000 | 48,000,000 | 12,000,000 | 59,000,000 | 51,000,000 | 78,000,000 | 73,000,000 | 86,000,000 | 74,000,000 | 59,000,000 | 98,000,000 | 68,000,000 | 66,000,000 | 50,000,000 | 64,000,000 | 47,000,000 | 53,000,000 | 47,000,000 | 51,000,000 | 74,000,000 | 29,000,000 | 35,000,000 | 34,000,000 | 24,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
balance at october 1, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance at september 30, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on fair value adjustment for consolidated investees | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension contributions in excess of expense | -98,000,000 | -19,000,000 | -21,000,000 | -23,000,000 | 0 | -10,000,000 | -32,000,000 | -50,000,000 | -8,000,000 | 3,000,000 | -26,000,000 | -96,000,000 | 6,000,000 | -27,000,000 | -27,000,000 | -100,000,000 | 14,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of light-duty diesel assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring charges and other actions, net of cash payments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from corporate owned life insurance | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
balance at december 31, 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of noncontrolling interests | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss contingency | 99,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other post-retirement benefits payments in excess of expense | 2,000,000 | -10,000,000 | -9,000,000 | 1,000,000 | -9,000,000 | -8,000,000 | -5,000,000 | -3,000,000 | -7,000,000 | -8,000,000 | -6,000,000 | -8,000,000 | -6,000,000 | -8,000,000 | -5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on fair value adjustment for consolidated investees | -1,000,000 | -35,000,000 | -18,000,000 | -14,000,000 | -6,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring actions and other charges, net of cash payments | -25,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activites | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of other investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefits on stock-based awards | 0 | 0 | -5,000,000 | 0 | -21,000,000 | 1,000,000 | 7,000,000 | 1,000,000 | 0 | 11,000,000 | 0 | 2,000,000 | 2,000,000 | 0 | 2,000,000 | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring and other charges and credits, net of cash payments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of businesses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of equity investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of businesses, net of cash sold | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of equity investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in current assets and liabilities, net of acquisitions: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of business, net of cash sold | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on fair value adjustment for consolidated investee | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in current assets and liabilities, net of acquisitions and divestitures: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt and capital lease obligations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating leases | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase commitments for inventory | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other purchase commitments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
joint venture funding commitments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension funding | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other postretirement benefits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other commercial commitments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
standby letters of credit under revolving credit agreement | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
international and other domestic letters of credit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
performance and excise bonds | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other guarantees | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit rating agency | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
moody’s investors service, inc. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
standard & poor’s | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fitch | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile consolidated net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of business | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefits on stock based awards | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of common stock held by employee benefit trust | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in current assets and liabilities, net of acquisitions and dispositions: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring and other charges, net of cash payments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in long-term liabilities | 31,000,000 | 37,000,000 | 29,000,000 | 30,000,000 | 37,000,000 | 36,000,000 | 31,000,000 | 22,000,000 | 25,000,000 | 28,000,000 | 22,000,000 | 15,000,000 | 12,000,000 | 39,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring charges, net of cash payments | 1,000,000 | -28,000,000 | 48,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension expense, net of pension contributions | 15,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other post-retirement benefits expense, net of cash payments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in and advances (to) from equity investees | -4,000,000 | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax benefit | 13,000,000 | 17,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax deficiencies (benefits) on stock-based awards | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of an equity investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax (deficiencies) benefits on stock-based awards | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax (benefits) deficiencies on stock-based awards | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefits (deficiencies) on stock-based awards | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gain on disposal of property, plant and equipment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of investees, net of dividends | -13,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in income of consolidated subsidiaries | 18,000,000 | 17,000,000 | 12,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension expense | 18,000,000 | 18,000,000 | 18,000,000 | 24,000,000 | 25,000,000 | 24,000,000 | 31,000,000 | 28,000,000 | 23,000,000 | 26,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to minority shareholders | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss on disposal of property, plant and equipment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings | 184,000,000 | 214,000,000 | 143,000,000 | 189,000,000 | 135,000,000 | 167,000,000 | 145,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net earnings to net cash provided by operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (gain) loss on disposal of property, plant and equipment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax provision | 22,000,000 | 16,000,000 | 31,000,000 | 51,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests in earnings of consolidated subsidiaries | 11,000,000 | 14,000,000 | 9,000,000 | 14,000,000 | 8,000,000 | 13,000,000 | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other post-retirement benefit expense, net of cash payments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables | -42,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in marketable securities-acquisitions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in marketable securities-liquidations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of other investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit on share-based awards | 1,000,000 | 1,000,000 | 9,000,000 | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash payments for: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | 22,000,000 | 3,000,000 | 27,000,000 | 31,000,000 | 31,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes | 69,000,000 | 98,000,000 | 34,000,000 | 31,000,000 | 27,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal of property, plant and equipment | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in current assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net earnings to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of property, plant and equipment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal of a business | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investee equity, net of dividends | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit on stock based awards | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of gain on terminated interest rate swaps | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from disposal of a business | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposals of property, plant and equipment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit on stock options exercised | 0 | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative effect of change in accounting principle | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided by operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash used in investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net earnings to net cash | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provided by operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in certain current assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in marketable securities – acquisitions | -29,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in marketable securities – liquidations | 29,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used in) provided by financing activities | -25,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of the year | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of the period | 157,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative effect of change in accounting principles | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on early retirement of debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring, impairment and other charges and | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments from sale of receivables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(acquisitions) and dispositions of businesses, net of cash acquired | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in marketable securities—dispositions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net earnings to net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows provided by (used in) operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends over (under) equity in earnings of investees | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in earnings of consolidated subsidiaries | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of receivables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in marketable securities - acquisitions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in marketable securities - dispositions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on borrowings and capital leases | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of the period | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash payments for the six months ended: |