CONSOLIDATED BALANCE SHEETS At January 2, 2022 and January 3, 2021 (Dollars in Millions Except Share and Per Share Amounts) (Note 1) Assets 2021 2020 Current assets Cash and cash equivalents (Notes 1 and 2) $14,487 13,985 Marketable securities (Notes 1 and 2) 17,121 11,200 Accounts receivable trade, less allowances for doubtful accounts $230 (2020, $293) 15,283 13,576 Inventories (Notes 1 and 3) 10,387 9344 Prepaid expenses and other receivables 3,701 3,132 Total current assets 60,979 51,237 Property, plant and equipment, net (Notes 1 and 4) 18,962 18,766 Intangible assets, net (Notes 1 and 5) 46.392 53,402 Goodwill (Notes 1 and 5) 35,246 36,393 Deferred taxes on income (Note 8) Other assets Total assets Liabilities and Shareholders' Equity Current liabilities 10,223 8,534 10,216 6,562 $182,018 174,894 Loans and notes payable (Note 7) $3,766 2,631 Accounts payable 11,055 9,505 Accrued liabilities 13,612 13,968 Accrued rebates, returns and promotions 12,095 11,513 Accrued compensation and employee related obligations 3,586 3,484 Accrued taxes on income (Note 8) 1,112 1,392 Total current liabilities 45,226 42,493 Long-term debt (Note 7)) 29,985 32,635 Deferred taxes on income (Note 8) 7,487 7.214 Employee related obligations (Notes 9 and 10) 8,898 10,771 Long-term taxes payable (Note 1) 5,713 6,559 Other liabilities 10,686 11,944 Total liabilities 107,995 111,616 Commitments and Contingencies (Note 19) Shareholders' equity Preferred stock-without par value (authorized and unissued 2,000,000 shares) Common stock-par value $1.00 per share (Note 12) (authorized 4,320,000,000 shares; issued 3,119,843,000 shares) 3,120 3,120 Accumulated other comprehensive income (loss) (Note 13) (13,058) (15.242) Retained earnings 123,060 113,890 113,122 101,768 Less: common stock held in treasury, at cost (Note 12) (490,878,000 shares and 487.331,000 shares) Total shareholders' equity 39,099 38,490 74,023 63.278 Total liabilities and shareholders' equity $182,018 174,894