Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 8,077	$ 8,524
Accounts receivable, less allowances of $193 and $189	8,221	8,115
Inventories	5,088	5,634
Contract assets, net	1,443	1,312
Other current assets	1,760	1,644
Total current assets	24,589	25,229
Property, plant and equipment, net	9,448	9,280
Acquisition-related intangible assets, net	16,670	17,442
Other assets	3,999	4,007
Goodwill	44,020	41,196
Total assets	98,726	97,154
Current liabilities:
Short-term obligations and current maturities of long-term obligations	3,609	5,579
Accounts payable	2,872	3,381
Accrued payroll and employee benefits	1,596	2,095
Contract liabilities	2,689	2,601
Other accrued expenses	3,246	3,354
Total current liabilities	14,012	17,010
Deferred income taxes	1,922	2,849
Other long-term liabilities	4,642	4,238
Long-term obligations	31,308	28,909
Commitments and Contingencies
Redeemable noncontrolling interest	118	116
Thermo Fisher Scientific Inc. shareholders’ equity:
Total Liabilities	51884.0	53006.0	0	0	0
Preferred stock, $100 par value, 50,000 shares authorized; none issued
Common stock, $1 par value, 1,200,000,000 shares authorized; 442,188,634 and 440,668,112 shares issued	442	441
Capital in excess of par value	17,286	16,743
Retained earnings	47,364	41,910
Treasury stock at cost, 55,541,290 and 50,157,275 shares	(15,133)	(12,017)
Accumulated other comprehensive income/(loss)	(3,224)	(3,099)
Total Thermo Fisher Scientific Inc. shareholders’ equity	46,735	43,978
Noncontrolling interests	(11)	54
Total equity	46,724	44,032
Total liabilities, redeemable noncontrolling interest and equity	$ 98,726	$ 97,154

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Name:	us-gaap_AccountsPayableCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount, after allowance for credit loss, of right to consideration from customer for product sold and service rendered in normal course of business, classified as current.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481990/310-10-45-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481990/310-10-45-9