Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 8,524	$ 4,477
Accounts receivable, less allowances of $189 and $150	8,115	7,977
Inventories	5,634	5,051
Contract assets, net	1,312	968
Other current assets	1,644	1,640
Total current assets	25,229	20,113
Property, plant and equipment, net	9,280	8,333
Acquisition-related intangible assets, net	17,442	20,113
Other assets	4,007	4,640
Goodwill	41,196	41,924
Total assets	97,154	95,123
Current liabilities:
Short-term obligations and current maturities of long-term obligations	5,579	2,537
Accounts payable	3,381	2,867
Accrued payroll and employee benefits	2,095	2,427
Contract liabilities	2,601	2,655
Other accrued expenses	3,354	2,950
Total current liabilities	17,010	13,436
Deferred income taxes	2,849	3,837
Other long-term liabilities	4,238	4,540
Long-term obligations	28,909	32,333
Commitments and Contingencies
Redeemable noncontrolling interest	116	122
Thermo Fisher Scientific Inc. shareholders’ equity:
Preferred stock, $100 par value, 50,000 shares authorized; none issued
Common stock, $1 par value, 1,200,000,000 shares authorized; 440,668,112 and 439,154,741 shares issued	441	439
Capital in excess of par value	16,743	16,174
Retained earnings	41,910	35,431
Treasury stock at cost, 50,157,275 and 44,720,112 shares	(12,017)	(8,922)
Accumulated other comprehensive items	(3,099)	(2,329)
Total Thermo Fisher Scientific Inc. shareholders’ equity	43,978	40,793
Noncontrolling interests	54	62
Total equity	44,032	40,855
Total liabilities, redeemable noncontrolling interest and equity	$ 97,154	$ 95,123