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Condensed Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 4,480 $ 3,860
Short-term investments 251 280
Trade receivables, less allowances of $446 in 2020 and $384 in 2019 5,649 5,425
Inventories:    
Finished products 3,173 2,784
Work in process 721 560
Materials 1,258 972
Total inventories 5,152 4,316
Prepaid expenses and other receivables 1,858 1,786
Total Current Assets 17,390 15,667
Investments 803 883
Property and equipment, at cost 17,972 16,799
Less: accumulated depreciation and amortization 9,352 8,761
Net property and equipment 8,620 8,038
Intangible assets, net of amortization 15,208 17,025
Goodwill 23,338 23,195
Deferred income taxes and other assets 3,684 3,079
Total Assets 69,043 67,887
Current Liabilities:    
Short-term borrowings 208 201
Trade accounts payable 3,189 3,252
Salaries, wages and commissions 1,439 1,237
Other accrued liabilities 4,659 4,035
Dividends payable 639 635
Income taxes payable 117 226
Current portion of long-term debt 6 1,277
Total Current Liabilities 10,257 10,863
Long-term debt 18,349 16,661
Post-employment obligations, deferred income taxes and other long-term liabilities 8,842 9,062
Commitments and Contingencies
Shareholders' Investment:    
Preferred shares, one dollar par value Authorized - 1,000,000 shares, none issued
Common shares, without par value Authorized - 2,400,000,000 shares, Issued at stated capital amount - Shares: 2020: 1,980,767,223; 2019: 1,976,855,085 24,037 23,853
Common shares held in treasury, at cost - Shares: 2020: 208,405,642; 2019: 214,351,838 (9,873) (10,147)
Earnings employed in the business 26,266 25,847
Accumulated other comprehensive income (loss) (9,044) (8,465)
Total Abbott Shareholders' Investment 31,386 31,088
Noncontrolling Interests in Subsidiaries 209 213
Total Shareholders' Investment 31,595 31,301
Total Liabilities and Shareholders' Investment $ 69,043 $ 67,887