Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Balance Sheets

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Consolidated Condensed Balance Sheets (USD $)
In Millions
Oct. 01, 2011
Dec. 25, 2010
Current assets:    
Cash and cash equivalents $ 7,057 $ 5,498
Short-term investments 3,876 11,294
Trading assets 4,265 5,093
Accounts receivable, net 3,821 2,867
Inventories 3,959 3,757
Deferred tax assets 2,011 1,488
Other current assets 1,709 1,614
Total current assets 26,698 31,611
Property, plant and equipment, net of accumulated depreciation of $34,660 ($32,582 as of December 25, 2010) 22,157 17,899
Marketable equity securities 516 1,008
Other long-term investments 858 3,026
Goodwill 9,138 4,531
Identified intangible assets, net 6,445 860
Other long-term assets 4,739 4,251
Total assets 70,551 63,186
Current liabilities:    
Short-term debt 66 38
Accounts payable 2,999 2,290
Accrued compensation and benefits 2,270 2,888
Accrued advertising 1,215 1,007
Deferred income 1,917 747
Other accrued liabilities 3,442 2,357
Total current liabilities 11,909 9,327
Long-term income taxes payable 192 190
Long-term debt 7,076 2,077
Long-term deferred tax liabilities 2,762 926
Other long-term liabilities 2,495 1,236
Contingencies (Note 26)    
Stockholders' equity:    
Preferred stock 0 0
Common stock and capital in excess of par value, 5,118 shares issued and outstanding (5,581 issued and 5,511 outstanding as of December 25, 2010) 16,247 16,178
Accumulated other comprehensive income (loss) (32) 333
Retained earnings 29,902 32,919
Total stockholders' equity 46,117 49,430
Total liabilities and stockholders' equity $ 70,551 $ 63,186