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Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Jul. 01, 2017
Dec. 31, 2016
Current Assets:    
Cash and cash equivalents $ 611.0 $ 786.2
Accounts receivable, less allowances of $87.6 and $77.3 3,258.3 3,048.5
Inventories 2,422.2 2,213.3
Refundable income taxes 414.9 378.3
Other current assets 746.1 594.7
Total current assets 7,452.5 7,021.0
Property, Plant and Equipment, Net 2,599.7 2,577.8
Acquisition-related Intangible Assets, Net 13,575.6 13,969.0
Other Assets 1,040.4 1,011.9
Goodwill 21,845.5 21,327.8
Total Assets 46,513.7 45,907.5
Current Liabilities:    
Short-term obligations and current maturities of long-term obligations 1,540.4 1,255.5
Accounts payable 982.2 926.2
Accrued payroll and employee benefits 612.6 708.7
Accrued income taxes 89.9 165.4
Deferred revenue 542.1 485.9
Other accrued expenses 1,308.6 1,324.1
Total current liabilities 5,075.8 4,865.8
Deferred Income Taxes 2,320.4 2,557.4
Other Long-term Liabilities 1,470.2 1,572.6
Long-term Obligations 15,255.7 15,372.4
Shareholders' Equity:    
Preferred stock, $100 par value, 50,000 shares authorized; none issued
Common stock, $1 par value, 1,200,000,000 shares authorized; 416,944,144 and 415,138,564 shares issued 416.9 415.1
Capital in excess of par value 12,328.2 12,139.6
Retained earnings 14,972.3 13,926.9
Treasury stock at cost, 26,824,641 and 21,690,679 shares (3,069.7) (2,306.0)
Accumulated other comprehensive items (2,256.1) (2,636.3)
Total shareholders' equity 22,391.6 21,539.3
Total Liabilities and Shareholders' Equity $ 46,513.7 $ 45,907.5