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
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 5,223 $ 5,065
Short-term investments 3,981 5,181
Trading assets 4,444 4,591
Accounts receivable, net 3,544 3,650
Inventories 4,904 4,096
Deferred tax assets 1,517 1,700
Other current assets 2,172 1,589
Total current assets 25,785 25,872
Property, plant and equipment, net of accumulated depreciation of $36,023 ($34,446 as of December 31, 2011) 25,976 23,627
Marketable equity securities 599 562
Other long-term investments 568 889
Goodwill 9,442 9,254
Identified intangible assets, net 5,974 6,267
Other long-term assets 4,008 4,648
Total assets 72,352 71,119
Current liabilities:    
Short-term debt 92 247
Accounts payable 3,269 2,956
Accrued compensation and benefits 2,020 2,948
Accrued advertising 1,060 1,134
Deferred income 1,915 1,929
Other accrued liabilities 2,182 2,814
Total current liabilities 10,538 12,028
Long-term debt 7,093 7,084
Long-term deferred tax liabilities 2,775 2,617
Other long-term liabilities 3,167 3,479
Contingencies (Note 21)      
Stockholders' equity:    
Preferred stock 0 0
Common stock and capital in excess of par value, 5,013 shares issued and outstanding (5,000 as of December 31, 2011) 18,883 17,036
Accumulated other comprehensive income (loss) (857) (781)
Retained earnings 30,753 29,656
Total stockholders' equity 48,779 45,911
Total liabilities and stockholders' equity $ 72,352 $ 71,119