Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Apr. 01, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 3,482	$ 8,524
Accounts receivable, less allowances of $190 and $189	7,922	8,115
Inventories	5,664	5,634
Contract assets, net	1,375	1,312
Other current assets	1,766	1,644
Total current assets	20,209	25,229
Property, plant and equipment, net	9,354	9,280
Acquisition-related intangible assets, net	17,972	17,442
Other assets	3,983	4,007
Goodwill	43,140	41,196
Total assets	94,658	97,154
Current liabilities:
Short-term obligations and current maturities of long-term obligations	6,122	5,579
Accounts payable	2,798	3,381
Accrued payroll and employee benefits	1,307	2,095
Contract liabilities	2,662	2,601
Other accrued expenses	2,995	3,354
Total current liabilities	15,884	17,010
Deferred income taxes	2,976	2,849
Other long-term liabilities	4,230	4,238
Long-term obligations	29,135	28,909
Redeemable noncontrolling interest	123	116
Thermo Fisher Scientific Inc. shareholders’ equity:
Preferred stock, $100 par value, 50,000 shares authorized; none issued	0	0
Common stock, $1 par value, 1,200,000,000 shares authorized; 441,166,292 and 440,668,112 shares issued	441	441
Capital in excess of par value	16,889	16,743
Retained earnings	43,064	41,910
Treasury stock at cost, 55,445,006 and 50,157,275 shares	(15,083)	(12,017)
Accumulated other comprehensive income/(loss)	(3,054)	(3,099)
Total Thermo Fisher Scientific Inc. shareholders’ equity	42,257	43,978
Noncontrolling interests	53	54
Total equity	42,310	44,032
Total liabilities, redeemable noncontrolling interest and equity	$ 94,658	$ 97,154