Assets Current assets Cash and cash equivalents (Notes 1 and 2) Marketable securities (Notes 1 and 2) JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS At January 3, 2021 and December 29, 2019 (Dollars in Millions Except Share and Per Share Amounts) (Note 1). Accounts receivable trade, less allowances for doubtful accounts $293 (2019, $226) Inventories (Notes 1 and 3) Prepaid expenses and other receivables Assets held for sale (Note 18) Total current assets Property, plant and equipment, net (Notes 1 and 4) Intangible assets, net (Notes 1 and 5) Goodwill (Notes 1 and 5) Deferred taxes on income (Note 8) Other assets Total assets Liabilities and Shareholders' Equity Current liabilities 2020 2019 13,985 17,305 11,200 1,982 13,576 14,481 9,344 9,020 3,132 2,392 94 51,237 45,274 18,766 17,658 53,402 47,643 36,393 33,639 8,534 7,819 6,562 5,695 174,894 157,728 Loans and notes payable (Note 7) 2,631 1,202 Accounts payable 9,505 8,544 Accrued liabilities 13,968 9,715 Accrued rebates, returns and promotions 11,513 10,883 Accrued compensation and employee related obligations 3,484 3,354 Accrued taxes on income (Note 8) 1,392 2,266 Total current liabilities 42,493 35,964 Long-term debt (Note 7) 32,635 26,494 Deferred taxes on income (Note 8) 7,214 5,958 Employee related obligations (Notes 9 and 10) 10,771 10,663 Long-term taxes payable (Note 1) 6,559 7,444