CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Current Assets
Cash and cash equivalents	$ 7,901	$ 6,515
Short-term investments	3,294	7,826
Accounts receivable (net of allowance for doubtful accounts of $222 in 2017 and $195 in 2016)	7,671	7,018
Inventories (excludes inventories of $1,029 in 2017 and $1,117 in 2016 classified in Other assets - see Note 5)	5,263	4,866
Other current assets	3,790	4,389
Total current assets	27,919	30,614
Investments	12,206	11,416
Property, Plant and Equipment, at cost, net of accumulated depreciation of $16,661 in 2017 and $15,749 in 2016	12,189	12,026
Goodwill	18,340	18,162
Other Intangibles, Net	15,138	17,305
Other Assets	5,884	5,854
Total Assets	91,676	95,377
Current Liabilities
Loans payable and current portion of long-term debt	5,157	568
Trade accounts payable	2,620	2,807
Accrued and other current liabilities	9,992	10,274
Income taxes payable	396	2,239
Dividends payable	1,302	1,316
Total current liabilities	19,467	17,204
Long-Term Debt	21,838	24,274
Deferred Income Taxes	4,159	5,077
Other Noncurrent Liabilities	7,713	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	39,823	39,939
Retained earnings	43,701	44,133
Accumulated other comprehensive loss	(4,945)	(5,226)
Stockholders' equity before deduction for treasury stock	80,367	80,634
Less treasury stock, at cost: 850,698,697 shares in 2017 and 828,372,200 shares in 2016	42,119	40,546
Total Merck & Co., Inc. stockholders’ equity	38,248	40,088
Noncontrolling Interests	251	220
Total equity	38,499	40,308
Liabilities and Equity	$ 91,676	$ 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.