Financial Instruments by Balance Sheet Grouping (Detail) (USD $) In Millions	Jul. 03, 2011		Dec. 31, 2010
Assets
Cash and cash equivalents	$ 597		$ 906
Short-term investments	22,388		26,277
Short-term loans	462		467
Long-term investments and loans	10,207		9,747
Taxes and other current assets	321	[1]	515	[1]
Taxes and other noncurrent assets	848	[2]	710	[2]
Total selected financial assets	34,823	[3]	38,622	[3]
Liabilities
Short-term borrowings, including current portion of long-term debt	5,988	[4]	5,603	[4]
Other current liabilities	606	[5]	339	[5]
Long-term debt	35,723	[6],[7]	38,410	[6],[7]
Other noncurrent liabilities	332	[8]	545	[8]
Total selected financial liabilities	$ 42,649		$ 44,897

[1] At July 3, 2011, derivative instruments at fair value include foreign currency swaps ($147 million), foreign currency forward-exchange contracts ($103 million) and interest rate swaps ($71 million) and at December 31, 2010, include foreign currency forward-exchange contracts ($494 million) and foreign currency swaps ($21 million).

[2] At July 3, 2011, derivative instruments at fair value include interest rate swaps ($538 million) and foreign currency swaps ($310 million) and at December 31, 2010, include interest rate swaps ($603 million) and foreign currency swaps ($107 million).

[3] The decrease in selected financial assets is primarily due to redemptions of investments, the proceeds from which were used to fund our acquisition of King (see Note 3. Acquisition of King Pharmaceuticals, Inc.)

[4] The differences between the estimated fair values and carrying values of our financial assets and liabilities not measured at fair value on a recurring basis were not significant at July 3, 2011 or December 31, 2010.

[5] At July 3, 2011, derivative instruments at fair value include foreign currency forward-exchange contracts ($393 million) and foreign currency swaps ($213 million) and at December 31, 2010, include foreign currency forward-exchange contracts ($257 million), foreign currency swaps ($79 million) and interest rate swaps ($3 million).

[6] Includes foreign currency debt with fair values of $881 million at July 3, 2011 and $880 million at December 31, 2010, which are used to hedge the exposure of certain foreign currency denominated net investments.

[7] The fair value of our long-term debt is $39.2 billion at July 3, 2011 and $42.3 billion at December 31, 2010.

[8] At July 3, 2011, derivative instruments at fair value include foreign currency swaps ($327 million) and interest rate swaps ($5 million) and at December 31, 2010, include foreign currency swaps ($544 million) and interest rate swaps ($1 million).