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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 29, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents (Note 4) $ 19,980 $ 21,859
Marketable securities 317 1,068
Accounts receivable, trade, less allowances $153 (2023, $166) 16,174 14,873
Inventories (Note 2) 12,603 11,181
Prepaid expenses and other 4,175 4,514
Total current assets 53,249 53,495
Property, plant and equipment at cost 49,274 47,776
Less: accumulated depreciation (28,795) (27,878)
Property, plant and equipment, net 20,479 19,898
Intangible assets, net (Note 3) 39,490 34,175
Goodwill (Note 3) 44,799 36,558
Deferred taxes on income (Note 5) 9,349 9,279
Other assets 10,921 14,153
Total assets 178,287 167,558
Current liabilities:    
Loans and notes payable 4,462 3,451
Accounts payable 8,954 9,632
Accrued liabilities 11,450 10,212
Accrued rebates, returns and promotions 18,439 16,001
Accrued compensation and employee related obligations 3,620 3,993
Accrued taxes on income (Note 5) 4,834 2,993
Total current liabilities 51,759 46,282
Long-term debt (Note 4) 31,289 25,881
Deferred taxes on income (Note 5) 2,952 3,193
Employee related obligations (Note 6) 6,852 7,149
Long-term taxes payable (Note 5) 354 2,881
Other liabilities 14,923 13,398
Total liabilities 108,129 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) (12,522) (12,527)
Retained earnings and Additional paid-in capital 155,179 153,843
Less: common stock held in treasury, at cost (712,545,000 and 712,765,000 shares) 75,619 75,662
Total shareholders’ equity 70,158 68,774
Total shareholders’ equity 70,158 68,774
Total liabilities and shareholders’ equity $ 178,287 $ 167,558