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Condensed Consolidated Statements of Financial Position (Unaudited) (USD $)
In Millions, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Assets    
Cash and cash equivalents $ 3,148 $ 3,002
Accounts receivable, net of progress payments 3,119 2,964
Inventoried costs, net of progress payments 704 873
Deferred tax assets 504 496
Prepaid expenses and other current assets 225 411
Total current assets 7,700 7,746
Property, plant, and equipment, net of accumulated depreciation of $4,094 in 2012 and $3,933 in 2011 2,935 3,047
Goodwill 12,344 12,374
Non-current deferred tax assets 838 900
Other non-current assets 1,409 1,344
Total assets 25,226 25,411
Liabilities    
Trade accounts payable 1,191 1,481
Accrued employees compensation 1,020 1,196
Advance payments and billings in excess of costs incurred 1,826 1,777
Other current liabilities 1,571 1,681
Total current liabilities 5,608 6,135
Long-term debt, net of current portion 3,932 3,935
Pension and post-retirement plan liabilities 4,067 4,079
Other non-current liabilities 904 926
Total liabilities 14,511 15,075
Commitments and contingencies (Note 8)      
Shareholders' Equity    
Preferred stock, $1 par value; 10,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $1 par value; 800,000,000 shares authorized; issued and outstanding: 2012 - 248,039,410; 2011 - 253,889,622 248 254
Paid-in capital 3,443 3,873
Retained earnings 10,419 9,699
Accumulated other comprehensive loss (3,395) (3,490)
Total shareholders' equity 10,715 10,336
Total liabilities and shareholders' equity $ 25,226 $ 25,411