Consolidated balance sheets (USD $) In Millions, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 1,393	$ 1,416
Short-term investments	2,469	2,549
Accounts receivable, net of allowances of ($26) and ($31)	1,333	1,230
Raw materials	99	116
Work in process	930	935
Finished goods	671	706
Inventories	1,700	1,757
Deferred income taxes	1,051	1,044
Prepaid expenses and other current assets	259	234
Total current assets	8,205	8,230
Property, plant and equipment at cost	6,773	6,891
Less accumulated depreciation	(3,034)	(2,979)
Property, plant and equipment, net	3,739	3,912
Long-term investments	204	215
Goodwill, net	4,362	4,362
Acquisition-related intangibles, net	2,473	2,558
Deferred income taxes	264	280
Capitalized software licenses, net	169	142
Overfunded retirement plans	62	68
Other assets	223	254
Total assets	19,701	20,021
Current liabilities:
Current portion of long-term debt	1,500	1,500
Accounts payable	440	444
Accrued compensation	365	524
Income taxes payable	109	79
Deferred income taxes	2	2
Accrued expenses and other liabilities	694	881
Total current liabilities	3,110	3,430
Long-term debt	4,183	4,186
Underfunded retirement plans	258	269
Deferred income taxes	598	572
Deferred credits and other liabilities	600	603
Total liabilities	8,749	9,060
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, 2013 – 1,740,815,939; December 31, 2012 – 1,740,815,939	1,741	1,741
Paid-in capital	1,049	1,176
Retained earnings	27,330	27,205
Less treasury common stock at cost. Shares: March 31, 2013 – 631,661,551; December 31, 2012 – 632,636,970	(18,518)	(18,462)
Accumulated other comprehensive income (loss), net of taxes	(650)	(699)
Total stockholders' equity	10,952	10,961
Total liabilities and stockholders' equity	$ 19,701	$ 20,021