Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 1,184	$ 1,199
Short-term investments	2,122	2,342
Accounts receivable, net of allowances of ($17) and ($12)	1,434	1,246
Raw materials	112	101
Work in process	940	896
Finished goods	833	787
Inventories	1,885	1,784
Deferred income taxes	347	347
Prepaid expenses and other current assets	1,088	850
Total current assets	8,060	7,768
Property, plant and equipment at cost	6,097	6,266
Accumulated depreciation	(3,412)	(3,426)
Property, plant and equipment, net	2,685	2,840
Long-term investments	228	224
Goodwill, net	4,362	4,362
Acquisition-related intangibles, net	1,742	1,902
Deferred income taxes	169	172
Capitalized software licenses, net	63	83
Overfunded retirement plans	127	127
Other assets	96	244
Total assets	17,532	17,722
Current liabilities:
Current portion of long-term debt	1,750	1,001
Accounts payable	417	437
Accrued compensation	481	651
Income taxes payable	117	71
Deferred income taxes	3	4
Accrued expenses and other liabilities	425	498
Total current liabilities	3,193	2,662
Long-term debt	3,134	3,641
Underfunded retirement plans	254	225
Deferred income taxes	355	399
Deferred credits and other liabilities	391	405
Total liabilities	7,327	7,332
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	1,504	1,368
Retained earnings	30,286	29,653
Treasury common stock at cost. Shares: June 30, 2015 – 706,714,155; December 31, 2014 – 694,189,127	(22,812)	(21,840)
Accumulated other comprehensive income (loss), net of taxes (AOCI)	(514)	(532)
Total stockholders’ equity	10,205	10,390
Total liabilities and stockholders’ equity	$ 17,532	$ 17,722