Consolidated balance sheets (USD $) In Millions, unless otherwise specified	Mar. 31, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 1,193	$ 992
Short-term investments	1,572	1,943
Accounts receivable, net of allowances of ($32) and ($19)	1,478	1,545
Raw materials	114	115
Work in process	996	1,004
Finished goods	743	669
Inventories	1,853	1,788
Deferred income taxes	1,192	1,174
Prepaid expenses and other current assets	303	386
Total current assets	7,591	7,828
Property, plant and equipment at cost	6,840	7,133
Less accumulated depreciation	(2,562)	(2,705)
Property, plant and equipment, net	4,278	4,428
Long-term investments	239	265
Goodwill	4,452	4,452
Acquisition-related intangibles, net	2,815	2,900
Deferred income taxes	302	321
Capitalized software licenses, net	201	206
Overfunded retirement plans	37	40
Other assets	94	57
Total assets	20,009	20,497
Current liabilities:
Commercial paper borrowings	700	999
Current portion of long-term debt	378	382
Accounts payable	589	625
Accrued compensation	382	597
Income taxes payable	106	101
Accrued expenses and other liabilities	754	795
Total current liabilities	2,909	3,499
Long-term debt	4,207	4,211
Underfunded retirement plans	684	701
Deferred income taxes	622	607
Deferred credits and other liabilities	516	527
Total liabilities	8,938	9,545
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: March 31, 2012 – 1,740,814,489; December 31, 2011 – 1,740,630,391	1,741	1,741
Paid-in capital	1,112	1,194
Retained earnings	26,345	26,278
Less treasury common stock at cost. Shares: March 31, 2012 – 596,461,198; December 31, 2011 – 601,131,631	(17,385)	(17,485)
Accumulated other comprehensive income (loss), net of taxes	(742)	(776)
Total stockholders' equity	11,071	10,952
Total liabilities and stockholders' equity	$ 20,009	$ 20,497