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Consolidated Balance Sheets - USD ($)
$ in Millions
Apr. 04, 2021
Jan. 03, 2021
Current assets:    
Cash and cash equivalents $ 12,671 $ 13,985
Marketable securities 11,948 11,200
Accounts receivable, trade, less allowances for doubtful accounts and credit losses $270 (2020, $293) 14,938 13,576
Inventories (Note 2) 9,952 9,344
Prepaid expenses and other 3,024 3,132
Total current assets 52,533 51,237
Property, plant and equipment at cost 46,430 46,804
Less: accumulated depreciation (28,063) (28,038)
Property, plant and equipment, net 18,367 18,766
Intangible assets, net (Note 3) 51,110 53,402
Goodwill (Note 3) 35,688 36,393
Deferred taxes on income (Note 5) 8,321 8,534
Other assets 6,538 6,562
Total assets 172,557 174,894
Current liabilities:    
Loans and notes payable 3,350 2,631
Accounts payable 8,503 9,505
Accrued liabilities 13,223 13,968
Accrued rebates, returns and promotions 11,919 11,513
Accrued compensation and employee related obligations 2,060 3,484
Accrued taxes on income (Note 5) 1,877 1,392
Total current liabilities 40,932 42,493
Long-term debt (Note 4) 30,263 32,635
Deferred taxes on income (Note 5) 6,507 7,214
Employee related obligations (Note 6) 10,512 10,771
Long-term taxes payable (Note 5) 6,568 6,559
Other liabilities 11,941 11,944
Total liabilities 106,723 111,616
Commitments and Contingencies (Note 11)
Shareholders’ equity:    
Common stock — par value $1.00 per share (authorized 4,320,000,000 shares; issued 3,119,843,000 shares) 3,120 3,120
Accumulated other comprehensive income (loss) (Note 7) (15,328) (15,242)
Retained earnings 116,508 113,890
Less: common stock held in treasury, at cost (487,141,000 and 487,331,000 shares) 38,466 38,490
Total shareholders’ equity 65,834 63,278
Total liabilities and shareholders' equity $ 172,557 $ 174,894