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Consolidated Balance Sheets - USD ($)
$ in Millions
Oct. 01, 2023
Jan. 01, 2023
Current assets:    
Cash and cash equivalents (Note 4) $ 19,728 $ 12,889
Marketable securities 3,783 9,392
Accounts receivable, trade, less allowances $160 (2022, $169) 14,798 14,039
Inventories (Note 2) 11,198 10,268
Prepaid expenses and other 4,196 2,876
Current assets of discontinued operations (Note 12) 0 5,830
Total current assets 53,703 55,294
Property, plant and equipment at cost 45,626 43,534
Less: accumulated depreciation (26,805) (25,552)
Property, plant and equipment, net 18,821 17,982
Intangible assets, net (Note 3) 35,021 38,489
Goodwill (Note 3) 36,124 36,047
Deferred taxes on income (Note 5) 9,259 8,947
Other assets 13,133 9,212
Noncurrent assets of discontinued operations (Note 12) 0 21,407
Total assets 166,061 187,378
Current liabilities:    
Loans and notes payable 3,870 12,756
Accounts payable 8,355 9,889
Accrued liabilities 10,101 10,719
Accrued rebates, returns and promotions 15,808 13,579
Accrued compensation and employee related obligations 3,337 3,049
Accrued taxes on income (Note 5) 2,899 2,220
Current liabilities of discontinued operations (Note 12) 0 3,590
Total current liabilities 44,370 55,802
Long-term debt (Note 4) 26,051 26,886
Deferred taxes on income (Note 5) 2,623 3,991
Employee related obligations (Note 6) 5,687 6,542
Long-term taxes payable (Note 5) 2,540 4,306
Other liabilities 13,562 10,146
Noncurrent liabilities of discontinued operations (Note 12) 0 2,901
Total liabilities 94,833 110,574
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) (8,780) (12,967)
Retained earnings and Additional paid-in capital 152,536 128,345
Less: common stock held in treasury, at cost (712,665,000 and 506,246,000 shares) 75,648 41,694
Total shareholders’ equity 71,228 76,804
Total shareholders’ equity 71,228 76,804
Total liabilities and shareholders’ equity $ 166,061 $ 187,378