CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Current Assets
Cash and cash equivalents	$ 11,708	$ 6,515
Short-term investments	3,541	7,826
Accounts receivable (net of allowance for doubtful accounts of $195 in 2017 and 2016)	7,066	7,018
Inventories (excludes inventories of $1,090 in 2017 and $1,117 in 2016 classified in Other assets - see Note 5)	5,146	4,866
Other current assets	4,069	4,389
Total current assets	31,530	30,614
Investments	11,896	11,416
Property, Plant and Equipment, at cost, net of accumulated depreciation of $16,171 in 2017 and $15,749 in 2016	12,042	12,026
Goodwill	18,358	18,162
Other Intangibles, Net	16,863	17,305
Other Assets	5,872	5,854
Total Assets	96,561	95,377
Current Liabilities
Loans payable and current portion of long-term debt	5,037	568
Trade accounts payable	2,484	2,807
Accrued and other current liabilities	8,658	10,274
Income taxes payable	2,330	2,239
Dividends payable	1,314	1,316
Total current liabilities	19,823	17,204
Long-Term Debt	23,437	24,274
Deferred Income Taxes	4,889	5,077
Other Noncurrent Liabilities	8,324	8,514
Merck & Co., Inc. Stockholders’ Equity
Common stock, $0.50 par value Authorized - 6,500,000,000 shares Issued - 3,577,103,522 shares in 2017 and 2016	1,788	1,788
Other paid-in capital	39,899	39,939
Retained earnings	44,387	44,133
Accumulated other comprehensive loss	(5,080)	(5,226)
Stockholders' equity before deduction for treasury stock	80,994	80,634
Less treasury stock, at cost: 836,667,641 shares in 2017 and 828,372,200 shares in 2016	41,157	40,546
Total Merck & Co., Inc. stockholders’ equity	39,837	40,088
Noncontrolling Interests	251	220
Total equity	40,088	40,308
Liabilities and Equity	$ 96,561	$ 95,377

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.