Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 28, 2020	Dec. 29, 2019
Current assets:
Cash and cash equivalents	$ 11,174	$ 17,305
Marketable securities	7,961	1,982
Accounts receivable, trade, less allowances for doubtful accounts and credit losses $334 (2019, $226)	14,645	14,481
Inventories (Note 2)	9,424	9,020
Prepaid expenses and other	2,588	2,392
Assets held for sale (Note 10)	100	94
Total current assets	45,892	45,274
Property, plant and equipment at cost	44,056	43,332
Less: accumulated depreciation	(26,458)	(25,674)
Property, plant and equipment, net	17,598	17,658
Intangible assets, net (Note 3)	47,413	47,643
Goodwill (Note 3)	33,890	33,639
Deferred taxes on income (Note 5)	7,805	7,819
Other assets	5,782	5,695
Total assets	158,380	157,728
Current liabilities:
Loans and notes payable	5,332	1,202
Accounts payable	6,765	8,544
Accrued liabilities	8,940	9,715
Accrued rebates, returns and promotions	11,790	10,883
Accrued compensation and employee related obligations	2,313	3,354
Accrued taxes on income (Note 5)	1,632	2,266
Total current liabilities	36,772	35,964
Long-term debt (Note 4)	25,062	26,494
Deferred taxes on income (Note 5)	5,532	5,958
Employee related obligations (Note 6)	10,411	10,663
Long-term taxes payable (Note 5)	6,591	7,444
Other liabilities	11,034	11,734
Total liabilities	95,402	98,257
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)	(15,891)
Retained earnings	113,898	110,659
Less: common stock held in treasury, at cost (487,466,000 and 487,336,000 shares)	38,507	38,417
Total shareholders’ equity	62,978	59,471
Total liabilities and shareholders' equity	$ 158,380	$ 157,728