Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Balance Sheets

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Consolidated Condensed Balance Sheets (USD $)
In Millions, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 4,429 $ 5,065
Short-term investments 5,012 5,181
Trading assets 4,312 4,591
Accounts receivable, net 4,037 3,650
Inventories 4,489 4,096
Deferred tax assets 1,794 1,700
Other current assets 1,348 1,589
Total current assets 25,421 25,872
Property, plant and equipment, net of accumulated depreciation of $35,575 ($34,446 as of December 31, 2011) 25,027 23,627
Marketable equity securities 819 562
Other long-term investments 498 889
Goodwill 9,388 9,254
Identified intangible assets, net 6,064 6,267
Other long-term assets 4,600 4,648
Total assets 71,817 71,119
Current liabilities:    
Short-term debt 362 247
Accounts payable 2,993 2,956
Accrued compensation and benefits 1,498 2,948
Accrued advertising 1,095 1,134
Deferred income 2,001 1,929
Other accrued liabilities 3,992 2,814
Total current liabilities 11,941 12,028
Long-term debt 7,088 7,084
Long-term deferred tax liabilities 2,793 2,617
Other long-term liabilities 3,235 3,479
Contingencies (Note 20)      
Stockholders' equity:    
Preferred stock 0 0
Common stock and capital in excess of par value, 5,006 shares issued and outstanding (5,000 as of December 31, 2011) 18,381 17,036
Accumulated other comprehensive income (loss) (604) (781)
Retained earnings 28,983 29,656
Total stockholders' equity 46,760 45,911
Total liabilities and stockholders' equity $ 71,817 $ 71,119