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Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Jun. 29, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 2,288 $ 2,103
Accounts receivable, less allowances of $113 and $117 4,129 4,136
Inventories 3,209 3,005
Other current assets 1,597 1,381
Total current assets 11,223 10,625
Property, Plant and Equipment, Net 4,394 4,165
Acquisition-related Intangible Assets, Net 14,863 14,978
Other Assets 1,733 1,117
Goodwill 25,757 25,347
Total Assets 57,970 56,232
Current Liabilities:    
Short-term obligations and current maturities of long-term obligations 2,377 1,271
Accounts payable 1,391 1,615
Accrued payroll and employee benefits 809 982
Contract liabilities 1,062 809
Other accrued expenses 1,870 1,470
Total current liabilities 7,509 6,147
Deferred Income Taxes 1,936 2,265
Other Long-term Liabilities 3,133 2,515
Long-term Obligations 16,663 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; 433,358,204 and 431,566,561 shares issued 433 432
Capital in excess of par value 14,887 14,621
Retained earnings 20,482 18,696
Treasury stock at cost, 32,882,460 and 29,444,882 shares (4,443) (3,665)
Accumulated other comprehensive items (2,630) (2,498)
Total shareholders' equity 28,729 27,586
Total Liabilities and Shareholders' Equity $ 57,970 $ 56,232