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Consolidated Balance Sheets - USD ($)
$ in Millions
Jul. 04, 2021
Jan. 03, 2021
Current assets:    
Cash and cash equivalents $ 14,332 $ 13,985
Marketable securities 10,974 11,200
Accounts receivable, trade, less allowances for doubtful accounts and credit losses $234 (2020, $293) 14,871 13,576
Inventories (Note 2) 10,100 9,344
Prepaid expenses and other 3,492 3,132
Total current assets 53,769 51,237
Property, plant and equipment at cost 47,201 46,804
Less: accumulated depreciation (28,569) (28,038)
Property, plant and equipment, net 18,632 18,766
Intangible assets, net (Note 3) 50,244 53,402
Goodwill (Note 3) 35,819 36,393
Deferred taxes on income (Note 5) 10,804 8,534
Other assets 7,172 6,562
Total assets 176,440 174,894
Current liabilities:    
Loans and notes payable 3,173 2,631
Accounts payable 8,704 9,505
Accrued liabilities 10,485 13,968
Accrued rebates, returns and promotions 12,450 11,513
Accrued compensation and employee related obligations 2,709 3,484
Accrued taxes on income (Note 5) 1,200 1,392
Total current liabilities 38,721 42,493
Long-term debt (Note 4) 30,310 32,635
Deferred taxes on income (Note 5) 9,016 7,214
Employee related obligations (Note 6) 10,367 10,771
Long-term taxes payable (Note 5) 5,722 6,559
Other liabilities 12,724 11,944
Total liabilities 106,860 111,616
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) (15,100) (15,242)
Retained earnings 120,154 113,890
Less: common stock held in treasury, at cost (487,854,000 and 487,331,000 shares) 38,594 38,490
Total shareholders’ equity 69,580 63,278
Total liabilities and shareholders' equity $ 176,440 $ 174,894