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
Sep. 29, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 3,520 $ 5,065
Short-term investments 2,483 5,181
Trading assets 4,462 4,591
Accounts receivable, net 3,938 3,650
Inventories 5,319 4,096
Deferred tax assets 1,633 1,700
Other current assets 1,659 1,589
Total current assets 23,014 25,872
Property, plant and equipment, net of accumulated depreciation of $37,009 ($34,446 as of December 31, 2011) 27,157 23,627
Marketable equity securities 3,924 562
Other long-term investments 469 889
Goodwill 9,623 9,254
Identified intangible assets, net 6,221 6,267
Other long-term assets 4,033 4,648
Total assets 74,441 71,119
Current liabilities:    
Short-term debt 56 247
Accounts payable 3,188 2,956
Accrued compensation and benefits 2,320 2,948
Accrued advertising 1,096 1,134
Deferred income 1,954 1,929
Other accrued liabilities 3,339 2,814
Total current liabilities 11,953 12,028
Long-term debt 7,100 7,084
Long-term deferred tax liabilities 2,904 2,617
Other long-term liabilities 3,215 3,479
Contingencies (Note 20)      
Stockholders' equity:    
Preferred stock 0 0
Common stock and capital in excess of par value, 4,982 shares issued and outstanding (5,000 as of December 31, 2011) 19,278 17,036
Accumulated other comprehensive income (loss) (501) (781)
Retained earnings 30,492 29,656
Total stockholders' equity 49,269 45,911
Total liabilities and stockholders' equity $ 74,441 $ 71,119