Consolidated balance sheets (USD $) In Millions, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 1,210	$ 992
Short-term investments	2,451	1,943
Accounts receivable, net of allowances of ($23) and ($19)	1,623	1,545
Raw materials	124	115
Work in process	988	1,004
Finished goods	736	669
Inventories	1,848	1,788
Deferred income taxes	1,043	1,174
Prepaid expenses and other current assets	409	386
Total current assets	8,584	7,828
Property, plant and equipment at cost	6,806	7,133
Less accumulated depreciation	(2,751)	(2,705)
Property, plant and equipment, net	4,055	4,428
Long-term investments	225	265
Goodwill	4,452	4,452
Acquisition-related intangibles, net	2,643	2,900
Deferred income taxes	199	321
Capitalized software licenses, net	166	206
Overfunded retirement plans	29	40
Other assets	161	57
Total assets	20,514	20,497
Current liabilities:
Commercial paper borrowings	0	999
Current portion of long-term debt	1,500	382
Accounts payable	501	625
Accrued compensation	552	597
Income taxes payable	106	101
Accrued expenses and other liabilities	766	795
Total current liabilities	3,425	3,499
Long-term debt	4,190	4,211
Underfunded retirement plans	350	701
Deferred income taxes	596	607
Deferred credits and other liabilities	550	527
Total liabilities	9,111	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: September 30, 2012 – 1,740,815,939; December 31, 2011 – 1,740,630,391	1,741	1,741
Paid-in capital	1,193	1,194
Retained earnings	27,179	26,278
Less treasury common stock at cost. Shares: September 30, 2012 – 620,012,959; December 31, 2011 – 601,131,631	(18,093)	(17,485)
Accumulated other comprehensive income (loss), net of taxes	(617)	(776)
Total stockholders' equity	11,403	10,952
Total liabilities and stockholders' equity	$ 20,514	$ 20,497