CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Current Assets
Cash and cash equivalents	$ 4,483	$ 6,092
Short-term investments	2,863	2,406
Accounts receivable (net of allowance for doubtful accounts of $205 in 2018 and $210 in 2017)	7,245	6,873
Inventories (excludes inventories of $1,136 in 2018 and $1,187 in 2017 classified in Other assets - see Note 7)	5,382	5,096
Other current assets	4,112	4,299
Total current assets	24,085	24,766
Investments	11,033	12,125
Property, Plant and Equipment, at cost, net of accumulated depreciation of $16,483 in 2018 and $16,602 in 2017	12,561	12,439
Goodwill	18,304	18,284
Other Intangibles, Net	13,500	14,183
Other Assets	6,558	6,075
Total Assets	86,041	87,872
Current Liabilities
Loans payable and current portion of long-term debt	2,055	3,057
Trade accounts payable	3,162	3,102
Accrued and other current liabilities	9,709	10,427
Income taxes payable	717	708
Dividends payable	1,317	1,320
Total current liabilities	16,960	18,614
Long-Term Debt	21,501	21,353
Deferred Income Taxes	2,206	2,219
Other Noncurrent Liabilities	11,473	11,117
Merck & Co., Inc. Stockholders’ Equity
Common stock, $0.50 par value Authorized - 6,500,000,000 shares Issued - 3,577,103,522 shares in 2018 and 2017	1,788	1,788
Other paid-in capital	39,874	39,902
Retained earnings	41,107	41,350
Accumulated other comprehensive loss	(5,060)	(4,910)
Stockholders' equity before deduction for treasury stock	77,709	78,130
Less treasury stock, at cost: 884,622,139 shares in 2018 and 880,491,914 shares in 2017	44,041	43,794
Total Merck & Co., Inc. stockholders’ equity	33,668	34,336
Noncontrolling Interests	233	233
Total equity	33,901	34,569
Liabilities and Equity	$ 86,041	$ 87,872

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.