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Consolidated Balance Sheets - USD ($)
$ in Millions
Jan. 01, 2023
Jan. 02, 2022
Current assets:    
Cash and cash equivalents (Notes 1 and 2) $ 14,127 $ 14,487
Marketable securities (Notes 1 and 2) 9,392 17,121
Accounts receivable trade, less allowances for doubtful accounts $203 (2021, $230) 16,160 15,283
Inventories (Notes 1 and 3) 12,483 10,387
Prepaid expenses and other receivables 3,132 3,701
Total current assets 55,294 60,979
Property, plant and equipment, net (Notes 1 and 4) 19,803 18,962
Intangible assets, net (Notes 1 and 5) 48,325 46,392
Goodwill (Notes 1 and 5) 45,231 35,246
Deferred taxes on income (Note 8) 9,123 10,223
Other assets 9,602 10,216
Total assets 187,378 182,018
Current liabilities    
Loans and notes payable (Note 7) 12,771 3,766
Accounts payable 11,703 11,055
Accrued liabilities 11,456 13,612
Accrued rebates, returns and promotions 14,417 12,095
Accrued compensation and employee related obligations 3,328 3,586
Accrued taxes on income (Note 8) 2,127 1,112
Total current liabilities 55,802 45,226
Long-term debt (Note 7) 26,888 29,985
Deferred taxes on income (Note 8) 6,374 7,487
Employee related obligations (Notes 9 and 10) 6,767 8,898
Long-term taxes payable (Note 1) 4,306 5,713
Other liabilities 10,437 10,686
Total liabilities 110,574 107,995
Commitments and Contingencies (Note 19)
Shareholders’ equity    
Preferred stock — without par value (authorized and unissued 2,000,000 shares) 0 0
Common stock — par value $1.00 per share (Note 12) (authorized 4,320,000,000 shares; issued 3,119,843,000 shares) 3,120 3,120
Accumulated other comprehensive income (loss) (Note 13) (12,967) (13,058)
Retained earnings 128,345 123,060
Stockholders' Equity before Treasury Stock 118,498 113,122
Less: common stock held in treasury, at cost (Note 12) (506,246,000 shares and 490,878,000 shares) 41,694 39,099
Total shareholders’ equity 76,804 74,023
Total liabilities and shareholders’ equity $ 187,378 $ 182,018