Consolidated Balance Sheets (USD $) In Millions	Sep. 30, 2011	Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 1,581	$ 1,319
Short-term investments	1,037	1,753
Accounts receivable, net of allowances of ($26) and ($18)	1,784	1,518
Raw materials	148	122
Work in process	1,185	919
Finished goods	632	479
Inventories	1,965	1,520
Deferred income taxes	1,046	770
Prepaid expenses and other current assets	303	180
Total current assets	7,716	7,060
Property, plant and equipment at cost	7,239	6,907
Less accumulated depreciation	(2,667)	(3,227)
Property, plant and equipment, net	4,572	3,680
Long-term investments	350	453
Goodwill	4,451	924
Acquisition-related intangibles	3,024	76
Deferred income taxes	497	927
Capitalized software licenses, net	199	205
Overfunded retirement plans	28	31
Other assets	70	45
Total assets	20,907	13,401
Current liabilities:
Short-term and current portion of long-term debt	1,586	0
Accounts payable	627	621
Accrued compensation	532	629
Income taxes payable	60	109
Accrued expenses and other liabilities	863	622
Total current liabilities	3,668	1,981
Long-term debt	4,215	0
Underfunded retirement plans	617	519
Deferred income taxes	822	86
Deferred credits and other liabilities	559	378
Total liabilities	9,881	2,964
Stockholders' equity:
Preferred stock, $25 par value. Authorized - 10,000,000 shares. Participating cumulative preferred. None issued.	0	0
Common stock, $1 par value. Authorized - 2,400,000,000 shares. Shares issued: September 30, 2011 – 1,740,552,451; December 31, 2010 – 1,740,166,101	1,741	1,740
Paid-in capital	1,172	1,114
Retained earnings	26,175	24,695
Less treasury common stock at cost. Shares: September 30, 2011 – 597,902,577; December 31, 2010 – 572,722,397	(17,372)	(16,411)
Accumulated other comprehensive income (loss), net of taxes	(690)	(701)
Total stockholders' equity	11,026	10,437
Total liabilities and stockholders' equity	$ 20,907	$ 13,401