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Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 03, 2021
Jan. 03, 2021
Current assets:    
Cash and cash equivalents $ 17,604 $ 13,985
Marketable securities 13,397 11,200
Accounts receivable, trade, less allowances for doubtful accounts and credit losses $223 (2020, $293) 14,911 13,576
Inventories (Note 2) 10,387 9,344
Prepaid expenses and other 3,590 3,132
Total current assets 59,889 51,237
Property, plant and equipment at cost 47,347 46,804
Less: accumulated depreciation (28,869) (28,038)
Property, plant and equipment, net 18,478 18,766
Intangible assets, net (Note 3) 47,776 53,402
Goodwill (Note 3) 35,569 36,393
Deferred taxes on income (Note 5) 10,646 8,534
Other assets 6,870 6,562
Total assets 179,228 174,894
Current liabilities:    
Loans and notes payable 3,798 2,631
Accounts payable 8,961 9,505
Accrued liabilities 13,812 13,968
Accrued rebates, returns and promotions 12,683 11,513
Accrued compensation and employee related obligations 3,146 3,484
Accrued taxes on income (Note 5) 2,161 1,392
Total current liabilities 44,561 42,493
Long-term debt (Note 4) 30,130 32,635
Deferred taxes on income (Note 5) 7,147 7,214
Employee related obligations (Note 6) 10,171 10,771
Long-term taxes payable (Note 5) 5,770 6,559
Other liabilities 11,177 11,944
Total liabilities 108,956 111,616
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) (15,415) (15,242)
Retained earnings 121,092 113,890
Less: common stock held in treasury, at cost (487,358,000 and 487,331,000 shares) 38,525 38,490
Total shareholders’ equity 70,272 63,278
Total liabilities and shareholders' equity $ 179,228 $ 174,894