Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 1,133	$ 1,199
Short-term investments	1,602	2,342
Accounts receivable, net of allowances of ($16) and ($12)	1,481	1,246
Raw materials	108	101
Work in process	913	896
Finished goods	750	787
Inventories	1,771	1,784
Deferred income taxes	357	347
Prepaid expenses and other current assets	945	850
Total current assets	7,289	7,768
Property, plant and equipment at cost	5,742	6,266
Accumulated depreciation	(3,113)	(3,426)
Property, plant and equipment, net	2,629	2,840
Long-term investments	216	224
Goodwill, net	4,362	4,362
Acquisition-related intangibles, net	1,662	1,902
Deferred income taxes	160	172
Capitalized software licenses, net	54	83
Overfunded retirement plans	76	127
Other assets	92	244
Total assets	16,540	17,722
Current liabilities:
Current portion of long-term debt	1,000	1,001
Accounts payable	367	437
Accrued compensation	615	651
Income taxes payable	84	71
Deferred income taxes	3	4
Accrued expenses and other liabilities	431	498
Total current liabilities	2,500	2,662
Long-term debt	3,132	3,641
Underfunded retirement plans	247	225
Deferred income taxes	308	399
Deferred credits and other liabilities	383	405
Total liabilities	6,570	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	1,562	1,368
Retained earnings	30,731	29,653
Treasury common stock at cost. Shares: September 30, 2015 – 721,186,352; December 31, 2014 – 694,189,127	(23,551)	(21,840)
Accumulated other comprehensive income (loss), net of taxes (AOCI)	(513)	(532)
Total stockholders’ equity	9,970	10,390
Total liabilities and stockholders’ equity	$ 16,540	$ 17,722