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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 1,306 $ 1,627
Short-term investments 1,880 2,202
Accounts receivable, net of allowances of ($15) and ($22) 1,477 1,203
Inventory, Raw Materials, Net of Reserves 97 102
Inventory, Work in Process, Net of Reserves 905 919
Inventory, Finished Goods, Net of Reserves 749 710
Inventories 1,751 1,731
Deferred income taxes 378 393
Prepaid expenses and other current assets 964 863
Total current assets 7,756 8,019
Property, plant and equipment at cost 6,393 6,556
Accumulated depreciation (3,463) (3,157)
Property, plant and equipment, net 2,930 3,399
Long-term investments 219 216
Goodwill, net 4,362 4,362
Acquisition-related intangibles, net 1,982 2,223
Deferred income taxes 177 207
Capitalized software licenses, net 93 118
Overfunded retirement plans 135 130
Other assets 246 264
Total assets 17,900 18,938
Current liabilities:    
Current portion of long-term debt 1,002 1,000
Accounts payable 393 422
Accrued compensation 613 554
Income taxes payable 106 119
Deferred income taxes 2 1
Other Liabilities, Current 527 651
Total current liabilities 2,643 2,747
Long-term debt 3,643 4,158
Underfunded retirement plans 222 216
Deferred income taxes 450 548
Deferred credits and other liabilities 471 462
Total liabilities 7,429 8,131
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 1,314 1,211
Retained earnings 29,189 28,173
Treasury common stock at cost. Shares: September 30, 2014 – 684,515,992; December 31, 2013 – 658,012,970 (21,305) (19,790)
Accumulated other comprehensive income (loss), net of taxes (AOCI) (468) (528)
Total stockholders’ equity 10,471 10,807
Total liabilities and stockholders’ equity $ 17,900 $ 18,938