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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Jan. 01, 2023
Current assets:    
Cash and cash equivalents $ 21,859 $ 12,889
Marketable securities 1,068 9,392
Accounts receivable trade, less allowances $166 (2022, $169) 14,873 14,039
Inventories 11,181 10,268
Prepaid expenses and other receivables 4,514 2,876
Total current assets of discontinued operations 0 5,830
Total current assets 53,495 55,294
Property, plant and equipment, net 19,898 17,982
Intangible assets, net 34,175 38,489
Goodwill 36,558 36,047
Deferred taxes on income 9,279 8,947
Other assets 14,153 9,212
Noncurrent assets of discontinued operations 0 21,407
Total assets 167,558 187,378
Current liabilities    
Loans and notes payable 3,451 12,756
Accounts payable 9,632 9,889
Accrued liabilities 10,212 10,719
Accrued rebates, returns and promotions 16,001 13,579
Accrued compensation and employee related obligations 3,993 3,049
Accrued taxes on income 2,993 2,220
Current liabilities of discontinued operations 0 3,590
Total current liabilities 46,282 55,802
Long-term debt 25,881 26,886
Deferred taxes on income 3,193 3,991
Employee related obligations 7,149 6,542
Long-term taxes payable 2,881 4,306
Other liabilities 13,398 10,146
Noncurrent liabilities of discontinued operations 0 2,901
Total liabilities 98,784 110,574
Commitments and Contingencies
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) (12,527) (12,967)
Retained earnings and Additional-paid-in-capital 153,843 128,345
Less: common stock held in treasury, at cost (Note 12) (712,765,000 shares and 506,246,000 shares) 75,662 41,694
Total shareholders’ equity 68,774 76,804
Total liabilities and shareholders’ equity $ 167,558 $ 187,378