Consolidated balance sheets (USD $) In Millions, unless otherwise specified	Jun. 30, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 1,192	$ 992
Short-term investments	1,141	1,943
Accounts receivable, net of allowances of ($22) and ($19)	1,629	1,545
Raw materials	123	115
Work in process	1,040	1,004
Finished goods	722	669
Inventories	1,885	1,788
Deferred income taxes	1,155	1,174
Prepaid expenses and other current assets	351	386
Total current assets	7,353	7,828
Property, plant and equipment at cost	6,840	7,133
Less accumulated depreciation	(2,666)	(2,705)
Property, plant and equipment, net	4,174	4,428
Long-term investments	218	265
Goodwill	4,452	4,452
Acquisition-related intangibles, net	2,729	2,900
Deferred income taxes	288	321
Capitalized software licenses, net	182	206
Overfunded retirement plans	32	40
Other assets	93	57
Total assets	19,521	20,497
Current liabilities:
Commercial paper borrowings	500	999
Current portion of long-term debt	1,500	382
Accounts payable	555	625
Accrued compensation	454	597
Income taxes payable	101	101
Accrued expenses and other liabilities	711	795
Total current liabilities	3,821	3,499
Long-term debt	2,703	4,211
Underfunded retirement plans	700	701
Deferred income taxes	596	607
Deferred credits and other liabilities	543	527
Total liabilities	8,363	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: June 30, 2012 – 1,740,815,939; December 31, 2011 – 1,740,630,391	1,741	1,741
Paid-in capital	1,164	1,194
Retained earnings	26,592	26,278
Less treasury common stock at cost. Shares: June 30, 2012 – 603,058,077; December 31, 2011 – 601,131,631	(17,598)	(17,485)
Accumulated other comprehensive income (loss), net of taxes	(741)	(776)
Total stockholders' equity	11,158	10,952
Total liabilities and stockholders' equity	$ 19,521	$ 20,497