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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 28, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents [1] $ 1,801 $ 1,305 [2]
Short-term investments [1] 9,581 8,525
Restricted short-term investments [1],[3] 11,412 0
Trade accounts receivable, less allowance for doubtful accounts: 2020—$525; 2019—$527 [1] 9,128 8,724
Inventories [1],[4] 8,564 8,283
Current tax assets [1] 3,426 3,344
Other current assets [1] 2,513 2,622
Total current assets [1] 46,424 32,803
Equity-method investments [1] 15,578 17,133
Long-term investments [1] 3,142 3,014
Property, plant and equipment, less accumulated depreciation: 2020—$16,889; 2019—$16,789 [1] 14,113 13,967
Identifiable intangible assets, less accumulated amortization [1],[5] 33,541 35,370
Goodwill [1] 58,449 58,653
Noncurrent deferred tax assets and other noncurrent tax assets [1] 2,360 2,099
Other noncurrent assets [1] 4,327 4,450
Total assets [1] 177,934 167,489
Liabilities and Equity    
Short-term borrowings, including current portion of long-term debt: 2020—$1,481; 2019—$1,462 [1] 13,084 16,195
Trade accounts payable [1] 3,872 4,220
Dividends payable [1] 2,111 2,104
Income taxes payable [1] 1,445 980
Accrued compensation and related items [1] 2,042 2,720
Other current liabilities [1] 10,168 11,083
Total current liabilities [1] 32,723 37,304
Long-term debt [1],[3] 50,529 35,955
Pension benefit obligations, net [1] 5,344 5,638
Postretirement benefit obligations, net [1] 1,086 1,124
Noncurrent deferred tax liabilities [1] 5,409 5,578
Other taxes payable [1] 11,468 12,126
Other noncurrent liabilities [1] 6,812 6,317
Total liabilities [1] 113,370 104,042
Commitments and Contingencies [1]
Preferred stock [1] 0 17
Common stock [1] 470 468
Additional paid-in capital [1] 87,886 87,428
Treasury stock [1] (110,978) (110,801)
Retained earnings [1] 100,203 97,670
Accumulated other comprehensive loss [1] (13,246) (11,640)
Total Pfizer Inc. shareholders’ equity [1] 64,336 63,143
Equity attributable to noncontrolling interests [1] 228 303
Total equity [1],[6] 64,564 63,447
Total liabilities and equity [1] $ 177,934 $ 167,489
[1]
Amounts may not add due to rounding.
[2]
Amounts may not add due to rounding.
[3] The balance as of June 28, 2020 reflects the Upjohn Inc. and Upjohn Finance B.V. debt issuances. For additional information see Note 7D. Financial Instruments: Long-Term Debt
[4]
The change from December 31, 2019 reflects increases for certain products, including inventory build for new product launches, network strategy and market demand, partially offset by a decrease due to foreign exchange.
[5]
The decrease in Identifiable intangible assets, less accumulated amortization, is primarily due to amortization.
[6]
Amounts may not add due to rounding.