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Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Oct. 02, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 12,027 $ 10,325
Accounts receivable, less allowances of $138 and $135 5,557 5,741
Inventories 4,906 4,029
Contract assets, net 808 731
Other current assets 1,426 1,131
Total current assets 24,724 21,957
Property, Plant and Equipment, Net 7,049 5,912
Acquisition-related Intangible Assets, Net 11,927 12,685
Other Assets 2,991 2,457
Goodwill 26,909 26,041
Total Assets 73,600 69,052
Current Liabilities:    
Short-term obligations and current maturities of long-term obligations 19 2,628
Accounts payable 2,301 2,175
Accrued payroll and employee benefits 1,816 1,916
Contract liabilities 1,442 1,271
Other accrued expenses 2,175 2,314
Total current liabilities 7,753 10,304
Deferred Income Taxes 1,465 1,794
Other Long-term Liabilities 3,984 3,340
Long-term Obligations 21,688 19,107
Shareholders' Equity:    
Preferred stock, $100 par value, 50,000 shares authorized; none issued
Common stock, $1 par value, 1,200,000,000 shares authorized; 438,749,893 and 437,088,297 shares issued 439 437
Capital in excess of par value 15,960 15,579
Retained earnings 33,876 28,116
Treasury stock at cost, 44,701,806 and 40,417,789 shares (8,911) (6,818)
Accumulated other comprehensive items (2,654) (2,807)
Total shareholders' equity 38,710 34,507
Total Liabilities and Shareholders' Equity $ 73,600 $ 69,052