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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 6,896 $ 9,882
Investments, primarily bank time deposits and U.S. treasury bills 383 288
Trade receivables, less allowances of — 2023: $444; 2022: $500 6,565 6,218
Inventories:    
Finished products 3,946 3,805
Work in process 807 680
Materials 1,817 1,688
Total inventories 6,570 6,173
Other prepaid expenses and receivables 2,256 2,663
Total current assets 22,670 25,224
Investments 799 766
Property and equipment, at cost:    
Land 529 511
Buildings 4,161 4,053
Equipment 15,179 14,164
Construction in progress 2,064 1,484
Property and equipment, at cost 21,933 20,212
Less: accumulated depreciation and amortization 11,779 11,050
Net property and equipment 10,154 9,162
Intangible assets, net of amortization 8,815 10,454
Goodwill 23,679 22,799
Deferred income taxes and other assets 7,097 6,033
Total Assets 73,214 74,438
Current liabilities:    
Trade accounts payable 4,295 4,607
Salaries, wages and commissions 1,597 1,556
Other accrued liabilities 5,422 5,845
Dividends payable 955 887
Income taxes payable 492 343
Current portion of long-term debt 1,080 2,251
Total current liabilities 13,841 15,489
Long-term debt 13,599 14,522
Post-employment obligations and other long-term liabilities 6,947 7,522
Commitments and contingencies
Shareholders’ investment:    
Preferred shares, one dollar par value Authorized — 1,000,000 shares, none issued 0 0
Common shares, without par value Authorized — 2,400,000,000 shares Issued at stated capital amount — Shares: 2023: 1,987,883,852; 2022: 1,986,519,278 24,869 24,709
Common shares held in treasury, at cost — Shares: 2023: 253,807,494; 2022: 248,724,257 (15,981) (15,229)
Earnings employed in the business 37,554 35,257
Accumulated other comprehensive income (loss) (7,839) (8,051)
Total Abbott Shareholders’ Investment 38,603 36,686
Noncontrolling interests in subsidiaries 224 219
Total Shareholders’ Investment 38,827 36,905
Total Liabilities and Shareholders' Investment $ 73,214 $ 74,438