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Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 950 $ 1,335
Accounts receivable, less allowances of $114 and $109 3,990 3,879
Inventories 2,891 2,971
Refundable income taxes 540 432
Other current assets 1,217 804
Total current assets 9,588 9,421
Property, Plant and Equipment, Net 4,059 4,047
Acquisition-related Intangible Assets, Net 16,393 16,684
Other Assets 1,178 1,227
Goodwill 25,362 25,290
Total Assets 56,580 56,669
Current Liabilities:    
Short-term obligations and current maturities of long-term obligations 2,814 2,135
Accounts payable 1,354 1,428
Accrued payroll and employee benefits 643 918
Contract liabilities 909 0
Deferred revenue 0 719
Other accrued expenses 1,352 1,848
Total current liabilities 7,072 7,048
Deferred Income Taxes 2,606 2,766
Other Long-term Liabilities 2,657 2,569
Long-term Obligations 18,122 18,873
Shareholders' Equity:    
Preferred stock, $100 par value, 50,000 shares authorized; none issued
Common stock, $1 par value, 1,200,000,000 shares authorized; 429,442,440 and 428,327,873 shares issued 429 428
Capital in excess of par value 14,319 14,177
Retained earnings 16,542 15,914
Treasury stock at cost, 27,119,130 and 27,013,311 shares (3,125) (3,103)
Accumulated other comprehensive items (2,042) (2,003)
Total shareholders' equity 26,123 25,413
Total Liabilities and Shareholders' Equity $ 56,580 $ 56,669