Quarterly report pursuant to Section 13 or 15(d)

Consolidated Condensed Balance Sheets

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Consolidated Condensed Balance Sheets (USD $)
In Millions
6 Months Ended 12 Months Ended
Jul. 02, 2011
Dec. 25, 2010
Current assets:    
Cash and cash equivalents $ 4,635 $ 5,498
Short-term investments 3,106 11,294
Trading assets 3,806 5,093
Accounts receivable, net 3,359 2,867
Inventories 4,030 3,757
Deferred tax assets 1,973 1,488
Other current assets 2,193 1,614
Total current assets 23,102 31,611
Property, plant and equipment, net of accumulated depreciation of $34,093 ($32,582 as of December 25, 2010) 20,778 17,899
Marketable equity securities 892 1,008
Other long-term investments 992 3,026
Goodwill 9,141 4,531
Identified intangible assets, net 6,700 860
Other long-term assets 4,484 4,251
Total assets 66,089 63,186
Current liabilities:    
Short-term debt 71 38
Accounts payable 2,742 2,290
Accrued compensation and benefits 2,111 2,888
Accrued advertising 1,086 1,007
Deferred Income 1,824 747
Other accrued liabilities 2,520 2,357
Total current liabilities 10,354 9,327
Long-term income taxes payable 188 190
Long-term debt 2,090 2,077
Long-term deferred tax liabilities 2,215 926
Other long-term liabilities 2,519 1,236
Contingencies (Note 26)    
Stockholders' equity:    
Preferred stock 0 0
Common stock and capital in excess of par value, 5,285 shares issued and outstanding (5,581 issued and 5,511 outstanding as of December 25, 2010) 16,245 16,178
Accumulated other comprehensive income (loss) 466 333
Retained earnings 32,012 32,919
Total stockholders' equity 48,723 49,430
Total liabilities and stockholders' equity $ 66,089 $ 63,186