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Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 02, 2022
Jan. 02, 2022
Current assets:    
Cash and cash equivalents $ 11,355 $ 14,487
Marketable securities 22,724 17,121
Accounts receivable, trade, less allowances $201 (2021, $230) 15,890 15,283
Inventories (Note 2) 11,675 10,387
Prepaid expenses and other 3,592 3,701
Total current assets 65,236 60,979
Property, plant and equipment at cost 46,681 47,679
Less: accumulated depreciation (28,529) (28,717)
Property, plant and equipment, net 18,152 18,962
Intangible assets, net (Note 3) 40,336 46,392
Goodwill (Note 3) 33,383 35,246
Deferred taxes on income (Note 5) 9,392 10,223
Other assets 8,625 10,216
Total assets 175,124 182,018
Current liabilities:    
Loans and notes payable 4,424 3,766
Accounts payable 10,153 11,055
Accrued liabilities 11,953 13,612
Accrued rebates, returns and promotions 14,021 12,095
Accrued compensation and employee related obligations 3,006 3,586
Accrued taxes on income (Note 5) 1,986 1,112
Total current liabilities 45,543 45,226
Long-term debt (Note 4) 27,603 29,985
Deferred taxes on income (Note 5) 4,946 7,487
Employee related obligations (Note 6) 8,353 8,898
Long-term taxes payable (Note 5) 4,162 5,713
Other liabilities 9,918 10,686
Total liabilities 100,525 107,995
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) (15,292) (13,058)
Retained earnings 127,917 123,060
Less: common stock held in treasury, at cost (502,961,000 and 490,878,000 shares) 41,146 39,099
Total shareholders’ equity 74,599 74,023
Total liabilities and shareholders' equity $ 175,124 $ 182,018