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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Jan. 01, 2017
Current assets:    
Cash and cash equivalents (Notes 1 and 2) $ 17,824 $ 18,972
Marketable securities (Notes 1 and 2) 472 22,935
Accounts receivable trade, less allowances for doubtful accounts $291 (2016, $252) 13,490 11,699
Inventories (Notes 1 and 3) 8,765 8,144
Prepaid expenses and other receivables 2,537 3,282
Total current assets 43,088 65,032
Property, plant and equipment, net (Notes 1 and 4) 17,005 15,912
Intangible assets, net (Notes 1 and 5) 53,228 26,876
Goodwill (Notes 1 and 5) 31,906 22,805
Deferred taxes on income (Note 8) 7,105 6,148
Other assets 4,971 4,435
Total assets 157,303 141,208
Current liabilities:    
Loans and notes payable (Note 7) 3,906 4,684
Accounts payable 7,310 6,918
Accrued liabilities 7,304 5,635
Accrued rebates, returns and promotions 7,210 5,403
Accrued compensation and employee related obligations 2,953 2,676
Accrued taxes on income (Note 8) 1,854 971
Total current liabilities 30,537 26,287
Long-term debt (Note 7) 30,675 22,442
Deferred taxes on income (Note 8) 8,368 2,910
Employee related obligations (Notes 9 and 10) 10,074 9,615
Long-term taxes payable (Note 8) 8,472 0
Other liabilities 9,017 9,536
Total liabilities 97,143 70,790
Shareholders' equity:    
Preferred stock — without par value (authorized and unissued 2,000,000 shares) 0 0
Common stock — par value $1.00 per share (Note 12) (authorized 4,320,000,000 shares; issued 3,119,843,000 shares) 3,120 3,120
Accumulated other comprehensive income (loss) (Note 13) (13,199) (14,901)
Retained earnings 101,793 110,551
Stockholders' Equity before Treasury Stock 91,714 98,770
Less: common stock held in treasury, at cost (Note 12) (437,318,000 shares and 413,332,000 shares) 31,554 28,352
Total shareholders’ equity 60,160 70,418
Total liabilities and shareholders’ equity $ 157,303 $ 141,208