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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 786.2 $ 452.1
Accounts receivable, less allowances of $77.3 and $70.1 3,048.5 2,544.9
Inventories 2,213.3 1,991.7
Refundable income taxes 378.3 218.1
Other current assets 594.7 534.4
Total current assets 7,021.0 5,741.2
Property, Plant and Equipment, Net 2,577.8 2,448.8
Acquisition-related Intangible Assets, Net 13,969.0 12,758.3
Other Assets 1,011.9 1,058.4
Goodwill 21,327.8 18,827.6
Total Assets 45,907.5 40,834.3
Current Liabilities:    
Short-term obligations and current maturities of long-term obligations 1,255.5 1,051.8
Accounts payable 926.2 822.2
Accrued payroll and employee benefits 708.7 598.2
Accrued income taxes 165.4 212.5
Deferred revenue 485.9 317.9
Other accrued expenses 1,324.1 1,143.7
Total current liabilities 4,865.8 4,146.3
Deferred Income Taxes 2,557.4 2,622.6
Other Long-term Liabilities 1,572.6 1,295.0
Long-term Obligations 15,372.4 11,420.2
Commitments and Contingencies
Shareholders' Equity:    
Preferred stock, $100 par value, 50,000 shares authorized; none issued
Common stock, $1 par value, 1,200,000,000 shares authorized; 415,138,564 and 411,944,301 shares issued 415.1 411.9
Capital in excess of par value 12,139.6 11,801.2
Retained earnings 13,926.9 12,142.3
Treasury stock at cost, 21,690,679 and 12,314,200 shares (2,306.0) (1,007.9)
Accumulated other comprehensive items (2,636.3) (1,997.3)
Total shareholders' equity 21,539.3 21,350.2
Total Liabilities and Shareholders' Equity $ 45,907.5 $ 40,834.3