XML 18 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statements of Financial Position (USD $)
In Millions
12 Months Ended
Dec. 31, 2010
Dec. 31, 2009
Current Assets    
Cash and cash equivalents $ 3,701 $ 3,274
Accounts receivable, net of progress payments 3,329 2,859
Inventoried costs, net of progress payments 896 874
Current deferred tax assets 419 275
Prepaid expenses and other current assets 244 264
Assets of discontinued operations 5,212 5,035
Total current assets 13,801 12,581
Property, Plant, and Equipment    
Land and land improvements 363 362
Buildings and improvements 1,363 1,183
Machinery and other equipment 3,972 3,725
Capitalized software costs 451 394
Leasehold improvements 608 573
Property, plant and equipment, gross 6,757 6,237
Accumulated depreciation (3,712) (3,346)
Property, plant, and equipment, net 3,045 2,891
Other Assets    
Goodwill 12,376 12,376
Other purchased intangibles, net of accumulated amortization of $1,613 in 2010 and $1,542 in 2009 192 263
Pension and post-retirement plan assets 320 184
Non-current deferred tax assets 721 1,103
Miscellaneous other assets 1,076 1,020
Total other assets 14,685 14,946
Total assets 31,531 30,418
Current Liabilities    
Notes payable to banks 10 12
Current portion of long-term debt 774 91
Trade accounts payable 1,573 1,609
Accrued employees' compensation 1,146 1,108
Advance payments and billings in excess of costs incurred 1,969 1,879
Other current liabilities 1,763 1,251
Liabilities of discontinued operations 2,792 2,822
Total current liabilities 10,027 8,772
Long-term debt, net of current portion 3,940 3,908
Pension and post-retirement plan liabilities 3,089 3,847
Other long-term liabilities 918 1,204
Total liabilities 17,974 17,731
Commitments and Contingencies (Note 15)    
Shareholders' Equity    
Common stock, $1 par value; 800,000,000 shares authorized; issued and outstanding: 2010 - 290,956,752; 2009 - 306,865,201 291 307
Paid-in capital 7,778 8,657
Retained earnings 8,245 6,737
Accumulated other comprehensive loss (2,757) (3,014)
Total shareholders' equity 13,557 12,687
Total liabilities and shareholders' equity $ 31,531 $ 30,418