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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 29, 2019
Dec. 30, 2018
Current assets:    
Cash and cash equivalents $ 16,249 $ 18,107
Marketable securities 1,696 1,580
Accounts receivable, trade, less allowances for doubtful accounts $227 (2018, $248) 14,801 14,098
Inventories (Note 2) 9,173 8,599
Prepaid expenses and other 2,220 2,699
Assets held for sale (Note 10) 194 950
Total current assets 44,333 46,033
Property, plant and equipment at cost 42,625 41,851
Less: accumulated depreciation (25,577) (24,816)
Property, plant and equipment, net 17,048 17,035
Intangible assets, net (Note 3) 47,846 47,611
Goodwill (Note 3) 33,291 30,453
Deferred taxes on income 7,696 7,640
Other assets 5,307 4,182
Total assets 155,521 152,954
Current liabilities:    
Loans and notes payable 2,299 2,796
Accounts payable 7,491 7,537
Accrued liabilities 9,004 7,601
Accrued rebates, returns and promotions 10,977 9,380
Accrued compensation and employee related obligations 2,886 3,098
Accrued taxes on income 2,505 818
Total current liabilities 35,162 31,230
Long-term debt (Note 4) 26,919 27,684
Deferred taxes on income 6,526 7,506
Employee related obligations 9,830 9,951
Long-term taxes payable 7,493 8,242
Other liabilities 11,381 8,589
Total liabilities 97,311 93,202
Commitments and Contingencies (Note 11)
Shareholders’ equity:    
Common stock — par value $1.00 per share (authorized 4,320,000,000 shares; issued 3,119,843,000 shares) 3,120 3,120
Accumulated other comprehensive income (loss) (Note 7) (15,533) (15,222)
Retained earnings 109,242 106,216
Less: common stock held in treasury, at cost (488,882,000 and 457,519,000 shares) 38,619 34,362
Total shareholders’ equity 58,210 59,752
Total liabilities and shareholders' equity $ 155,521 $ 152,954