Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 3,720	$ 2,438
Short-term investments	366	1,795
Accounts receivable, net of allowances of ($17) and ($19)	1,440	1,207
Raw materials	191	181
Work in process	1,016	1,070
Finished goods	924	966
Inventories	2,131	2,217
Prepaid expenses and other current assets	294	440
Total current assets	7,951	8,097
Property, plant and equipment at cost	5,642	5,425
Accumulated depreciation	(2,324)	(2,242)
Property, plant and equipment	3,318	3,183
Long-term investments	281	251
Goodwill	4,362	4,362
Acquisition-related intangibles	549	628
Deferred tax assets	290	295
Capitalized software licenses	98	89
Overfunded retirement plans	96	92
Other long-term assets	498	140
Total assets	17,443	17,137
Current liabilities:
Current portion of long-term debt	750	749
Accounts payable	477	478
Accrued compensation	342	724
Income taxes payable	113	103
Accrued expenses and other liabilities	477	420
Total current liabilities	2,159	2,474
Long-term debt	5,057	4,319
Underfunded retirement plans	120	118
Deferred tax liabilities	43	42
Other long-term liabilities	1,545	1,190
Total liabilities	8,924	8,143
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	1,927	1,950
Retained earnings	38,396	37,906
Treasury common stock at cost shares: March 31, 2019 – 802,016,668; December 31, 2018 – 795,665,646	(33,080)	(32,130)
Accumulated other comprehensive income (loss), net of taxes (AOCI)	(465)	(473)
Total stockholders’ equity	8,519	8,994
Total liabilities and stockholders’ equity	$ 17,443	$ 17,137