CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 4,009	$ 8,077
Short-term investments	1,561	3
Accounts receivable, less allowances of $173 and $193	8,191	8,221
Inventories	4,978	5,088
Contract assets, net	1,435	1,443
Other current assets	1,964	1,757
Total current assets	22,137	24,589
Property, plant and equipment, net	9,306	9,448
Acquisition-related intangible assets, net	15,533	16,670
Other assets	4,492	3,999
Goodwill	45,853	44,020
Total assets	97,321	98,726
Current liabilities:
Short-term obligations and current maturities of long-term obligations	2,214	3,609
Accounts payable	3,079	2,872
Accrued payroll and employee benefits	1,988	1,596
Contract liabilities	2,852	2,689
Other accrued expenses	3,199	3,246
Total current liabilities	13,332	14,012
Deferred income taxes	1,268	1,922
Other long-term liabilities	3,989	4,642
Long-term obligations	29,061	31,308
Commitments and contingencies (Note 5)
Redeemable noncontrolling interest	120	118
Thermo Fisher Scientific Inc. shareholders’ equity:
Preferred stock, $100 par value, 50,000 shares authorized; none issued
Common stock, $1 par value, 1,200,000,000 shares authorized; 443,841,240 and 442,188,634 shares issued	444	442
Capital in excess of par value	17,962	17,286
Retained earnings	53,102	47,364
Treasury stock at cost, 63,066,906 and 55,541,290 shares	(19,226)	(15,133)
Accumulated other comprehensive income/(loss)	(2,697)	(3,224)
Total Thermo Fisher Scientific Inc. shareholders’ equity	49,584	46,735
Noncontrolling interests	(33)	(11)
Total equity	49,551	46,724
Total liabilities, redeemable noncontrolling interest and equity	$ 97,321	$ 98,726