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Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Mar. 30, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 1,106 $ 2,103
Accounts receivable, less allowances of $114 and $117 4,155 4,136
Inventories 3,124 3,005
Other current assets 1,554 1,381
Total current assets 9,939 10,625
Property, Plant and Equipment, Net 4,192 4,165
Acquisition-related Intangible Assets, Net 14,489 14,978
Other Assets 1,740 1,117
Goodwill 25,236 25,347
Total Assets 55,596 56,232
Current Liabilities:    
Short-term obligations and current maturities of long-term obligations 1,336 1,271
Accounts payable 1,462 1,615
Accrued payroll and employee benefits 704 982
Contract liabilities 967 809
Other accrued expenses 1,429 1,470
Total current liabilities 5,898 6,147
Deferred Income Taxes 2,145 2,265
Other Long-term Liabilities 3,048 2,515
Long-term Obligations 16,812 17,719
Shareholders' Equity:    
Preferred stock, $100 par value, 50,000 shares authorized; none issued
Common stock, $1 par value, 1,200,000,000 shares authorized; 432,856,849 and 431,566,561 shares issued 433 432
Capital in excess of par value 14,771 14,621
Retained earnings 19,439 18,696
Treasury stock at cost, 32,875,709 and 29,444,882 shares (4,441) (3,665)
Accumulated other comprehensive items (2,509) (2,498)
Total shareholders' equity 27,693 27,586
Total Liabilities and Shareholders' Equity $ 55,596 $ 56,232