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Consolidated Balance Sheets - USD ($)
$ in Millions
Jan. 03, 2021
Dec. 29, 2019
Current assets:    
Cash and cash equivalents (Notes 1 and 2) $ 13,985 $ 17,305
Marketable securities (Notes 1 and 2) 11,200 1,982
Accounts receivable trade, less allowances for doubtful accounts $293 (2019, $226) 13,576 14,481
Inventories (Notes 1 and 3) 9,344 9,020
Prepaid expenses and other receivables 3,132 2,392
Assets held for sale (Note 18) 0 94
Total current assets 51,237 45,274
Property, plant and equipment, net (Notes 1 and 4) 18,766 17,658
Intangible assets, net (Notes 1 and 5) 53,402 47,643
Goodwill (Notes 1 and 5) 36,393 33,639
Deferred taxes on income (Note 8) 8,534 7,819
Other assets 6,562 5,695
Total assets 174,894 157,728
Current liabilities:    
Loans and notes payable (Note 7) 2,631 1,202
Accounts payable 9,505 8,544
Accrued liabilities 13,968 9,715
Accrued rebates, returns and promotions 11,513 10,883
Accrued compensation and employee related obligations 3,484 3,354
Accrued taxes on income (Note 8) 1,392 2,266
Total current liabilities 42,493 35,964
Long-term debt (Note 7) 32,635 26,494
Deferred taxes on income (Note 8) 7,214 5,958
Employee related obligations (Notes 9 and 10) 10,771 10,663
Long-term taxes payable (Note 1) 6,559 7,444
Other liabilities 11,944 11,734
Total liabilities 111,616 98,257
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) (15,242) (15,891)
Retained earnings 113,890 110,659
Stockholders' Equity before Treasury Stock 101,768 97,888
Less: common stock held in treasury, at cost (Note 12) (487,331,000 shares and 487,336,000 shares) 38,490 38,417
Total shareholders’ equity 63,278 59,471
Total liabilities and shareholders’ equity $ 174,894 $ 157,728
Preferred stock, shares authorized (in shares) 2,000,000 2,000,000
Common Stock, Par or Stated Value Per Share $ 1.00 $ 1.00
Common Stock, Shares Authorized 4,320,000,000 4,320,000,000
Common Stock, Shares, Issued 3,119,843,000 3,119,843,000