Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Current Assets
Cash and cash equivalents	$ 6,092	$ 6,515
Short-term investments	2,406	7,826
Accounts receivable (net of allowance for doubtful accounts of $210 in 2017 and $195 in 2016)	6,873	7,018
Inventories (excludes inventories of $1,187 in 2017 and $1,117 in 2016 classified in Other assets - see Note 7)	5,096	4,866
Other current assets	4,299	4,389
Total current assets	24,766	30,614
Investments	12,125	11,416
Property, Plant and Equipment (at cost)
Land	365	412
Buildings	11,726	11,439
Machinery, equipment and office furnishings	14,649	14,053
Construction in progress	2,301	1,871
Property, plant and equipment (at cost)	29,041	27,775
Less: accumulated depreciation	16,602	15,749
Property, plant and equipment, net	12,439	12,026
Goodwill	18,284	18,162
Other Intangibles, Net	14,183	17,305
Other Assets	6,075	5,854
Total Assets	87,872	95,377
Current Liabilities
Loans payable and current portion of long-term debt	3,057	568
Trade accounts payable	3,102	2,807
Accrued and other current liabilities	10,427	10,274
Income taxes payable	708	2,239
Dividends payable	1,320	1,316
Total current liabilities	18,614	17,204
Long-Term Debt	21,353	24,274
Deferred Income Taxes	2,219	5,077
Other Noncurrent Liabilities	11,117	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	39,902	39,939
Retained earnings	41,350	44,133
Accumulated other comprehensive loss	(4,910)	(5,226)
Stockholders' equity before deduction for treasury stock	78,130	80,634
Less treasury stock, at cost: 880,491,914 shares in 2017 and 828,372,200 shares in 2016	43,794	40,546
Total Merck & Co., Inc. stockholders’ equity	34,336	40,088
Noncontrolling Interests	233	220
Total equity	34,569	40,308
Total Liabilities and Equity	$ 87,872	$ 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.