(Millions)

2020

2019

Other current assets

​

​

​

​

​

​

​

Derivative assets-current

​

$

34

​

$

75

​

Held-to-maturity debt security held in trust

​

​

—

​

​

470

​

Insurance related (receivables, prepaid expenses and other)

​

125

​

172

​

Other

​

166

​

174

​

Total other current assets

​

$

325

​

$

891

​

​

​

​

​

​

​

​

​

Property, plant and equipment - at cost

​

​

​

​

​

​

​

Land

​

$

338

​

$

351

​

Buildings and leasehold improvements

​

8,021

​

7,877

​

Machinery and equipment

​

16,866

​

16,586

​

Construction in progress

​

1,425

​

1,310

​

Gross property, plant and equipment

​

26,650

​

26,124

​

Accumulated depreciation

​

(17,229)

​

(16,791)

​

Property, plant and equipment - net

​

$

9,421

​

$

9,333

​

​

​

​

​

​

​

​

​

Other assets

​

​

​

​

​

​

​

Deferred income taxes

​

$

871

​

$

521

​

Prepaid pension and post retirement

​

​

630

​

230

​

Insurance related receivables and other

​

49

​

67

​

Cash surrender value of life insurance policies

​

​

258

​

​

254

​

Equity method investments

​

134

​

70

​

Equity and other investments

​

​

80

​

126

​

Other

​

418

​

406

​

Total other assets

​

$

2,440

​

$

1,674

​

​

​

​

​

​

​

​

​

Other current liabilities

​

​

​

​

​

​

​

Accrued rebates

​

$

639

​

$

594

​

Deferred revenue

​

498

​

430

​

Derivative liabilities

​

81

​

17

​

Employee benefits and withholdings

​

192

​

229

​

Contingent liability claims and other

​

556

​

566

​

Property, sales-related and other taxes

​

308

​

247

​

Pension and postretirement benefits

​

71

​

67

​

Other

​

933

​

906

​

Total other current liabilities

​

$

3,278

​

$

3,056

​

​

​

​

​

​

​

​

​

Other liabilities

​

​

​

​

​

​

​

Long term income taxes payable

​

$

1,511

​

$

1,507

​

Employee benefits

​

410

​

312

​

Contingent liability claims and other

​

815

​

787

​

Finance lease obligations

​

93

​

111

​

Deferred income taxes

​

333

​

301

​

Other

​

300

​

257

​

Total other liabilities

​

$

3,462

​

$

3,275

​