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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents (Note 4) $ 24,878 $ 21,859
Marketable securities 597 1,068
Accounts receivable, trade, less allowances $161 (2023, $166) 15,794 14,873
Inventories (Note 2) 12,169 11,181
Prepaid expenses and other 4,379 4,514
Total current assets 57,817 53,495
Property, plant and equipment at cost 48,035 47,776
Less: accumulated depreciation (28,287) (27,878)
Property, plant and equipment, net 19,748 19,898
Intangible assets, net (Note 3) 39,725 34,175
Goodwill (Note 3) 44,250 36,558
Deferred taxes on income (Note 5) 9,004 9,279
Other assets 10,544 14,153
Total assets 181,088 167,558
Current liabilities:    
Loans and notes payable 9,855 3,451
Accounts payable 8,848 9,632
Accrued liabilities 10,539 10,212
Accrued rebates, returns and promotions 17,539 16,001
Accrued compensation and employee related obligations 2,843 3,993
Accrued taxes on income (Note 5) 4,309 2,993
Total current liabilities 53,933 46,282
Long-term debt (Note 4) 31,636 25,881
Deferred taxes on income (Note 5) 2,635 3,193
Employee related obligations (Note 6) 6,919 7,149
Long-term taxes payable (Note 5) 341 2,881
Other liabilities 14,086 13,398
Total liabilities 109,550 98,784
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) (11,253) (12,527)
Retained earnings and Additional paid-in capital 155,360 153,843
Less: common stock held in treasury, at cost (712,997,000 and 712,765,000 shares) 75,689 75,662
Total shareholders’ equity 71,538 68,774
Total shareholders’ equity 71,538 68,774
Total liabilities and shareholders’ equity $ 181,088 $ 167,558