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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 29, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 4,134 $ 4,009
Short-term investments 1,813 1,561
Accounts receivable, less allowances of $165 and $173 8,455 8,191
Inventories 5,224 4,978
Contract assets, net 1,366 1,435
Other current assets 2,387 1,964
Total current assets 23,378 22,137
Property, plant and equipment, net 9,331 9,306
Acquisition-related intangible assets, net 15,323 15,533
Other assets 4,516 4,492
Goodwill 46,493 45,853
Total assets 99,041 97,321
Current liabilities:    
Short-term obligations and current maturities of long-term obligations 2,819 2,214
Accounts payable 3,049 3,079
Accrued payroll and employee benefits 1,419 1,988
Contract liabilities 2,866 2,852
Other accrued expenses 3,022 3,199
Total current liabilities 13,174 13,332
Deferred income taxes 1,041 1,268
Other long-term liabilities 3,971 3,989
Long-term obligations 31,370 29,061
Redeemable noncontrolling interest 128 120
Thermo Fisher Scientific Inc. shareholders’ equity:    
Preferred stock, $100 par value, 50,000 shares authorized; none issued 0 0
Common stock, $1 par value, 1,200,000,000 shares authorized; 444,246,082 and 443,841,240 shares issued 444 444
Capital in excess of par value 18,111 17,962
Retained earnings 54,447 53,102
Treasury stock at cost, 66,752,170 and 63,066,906 shares (21,269) (19,226)
Accumulated other comprehensive income/(loss) (2,343) (2,697)
Total Thermo Fisher Scientific Inc. shareholders’ equity 49,390 49,584
Noncontrolling interests (33) (33)
Total equity 49,357 49,551
Total liabilities, redeemable noncontrolling interest and equity $ 99,041 $ 97,321