Consolidated balance sheets (USD $) In Millions, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 1,180	$ 1,416
Short-term investments	2,064	2,549
Accounts receivable, net of allowances of ($31) and ($31)	1,491	1,230
Raw materials	101	116
Work in process	926	935
Finished goods	693	706
Inventories	1,720	1,757
Deferred income taxes	1,070	1,044
Prepaid expenses and other current assets	513	234
Total current assets	8,038	8,230
Property, plant and equipment at cost	6,679	6,891
Less accumulated depreciation	(3,068)	(2,979)
Property, plant and equipment, net	3,611	3,912
Long-term investments	203	215
Goodwill, net	4,362	4,362
Acquisition-related intangibles, net	2,388	2,558
Deferred income taxes	253	280
Capitalized software licenses, net	159	142
Overfunded retirement plans	106	68
Other assets	278	254
Total assets	19,398	20,021
Current liabilities:
Current portion of long-term debt	1,000	1,500
Accounts payable	437	444
Accrued compensation	463	524
Income taxes payable	218	79
Deferred income taxes	2	2
Accrued expenses and other liabilities	682	881
Total current liabilities	2,802	3,430
Long-term debt	4,165	4,186
Underfunded retirement plans	240	269
Deferred income taxes	584	572
Deferred credits and other liabilities	539	603
Total liabilities	8,330	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 – 1,740,815,939	1,741	1,741
Paid-in capital	1,117	1,176
Retained earnings	27,677	27,205
Less treasury common stock at cost. Shares: June 30, 2013 – 639,643,135; December 31, 2012 – 632,636,970	(18,877)	(18,462)
Accumulated other comprehensive income (loss), net of taxes	(590)	(699)
Total stockholders’ equity	11,068	10,961
Total liabilities and stockholders’ equity	$ 19,398	$ 20,021