December 31,
Consolidated balance sheets		2010						2009
[Millions of dollars, except share amounts]
Assets
Current assets:
Cash and cash equivalents			$	1,319					$	1,182
Short-term investments				1,753						1,743
Accounts receivable, net of allowances				1,518						1,277
Inventories				1,520						1,202
Deferred income taxes				770						546
Prepaid expenses and other current assets				180						164
Total current assets				7,060						6,114
Property, plant and equipment at cost				6,907						6,705
Less accumulated depreciation				(3,227	)					(3,547	)
Property, plant and equipment, net				3,680						3,158
Long-term investments				453						637
Goodwill				924						926
Acquisition-related intangibles				76						124
Deferred income taxes				927						926
Capitalized software licenses, net				205						119
Overfunded retirement plans				31						64
Other assets				45						51
Total assets			$	13,401					$	12,119
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable			$	621					$	503
Accrued compensation				629						386
Income taxes payable				109						128
Accrued expenses and other liabilities				622						570
Total current liabilities				1,981						1,587
Underfunded retirement plans				519						425
Deferred income taxes				86						67
Deferred credits and other liabilities				378						318
Total liabilities				2,964						2,397
Stockholders’ equity:
Preferred stock, $25 par value. Authorized – 10,000,000 shares.
Participating cumulative preferred. None issued				—						—
Common stock, $1 par value. Authorized – 2,400,000,000 shares.
Shares issued: 2010 – 1,740,166,101; 2009 – 1,739,811,721				1,740						1,740
Paid-in capital				1,114						1,086
Retained earnings				24,695						22,066
Less treasury common stock at cost.
Shares: 2010 – 572,722,397; 2009 – 499,693,704				(16,411	)					(14,549	)
Accumulated other comprehensive income (loss), net of taxes				(701	)					(621	)
Total stockholders’ equity				10,437						9,722
Total liabilities and stockholders’ equity			$	13,401					$	12,119