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Condensed Consolidated Statements of Financial Position (Unaudited) (USD $)
In Millions, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Assets    
Cash and cash equivalents $ 4,904 $ 3,862
Accounts receivable, net of progress payments 3,124 2,858
Inventoried costs, net of progress payments 745 798
Deferred tax assets 551 574
Prepaid expenses and other current assets 240 300
Total current assets 9,564 8,392
Property, plant and equipment, net of accumulated depreciation of $4,283 in 2013 and $4,146 in 2012 2,783 2,887
Goodwill 12,437 12,431
Non-current deferred tax assets 1,429 1,542
Other non-current assets 1,295 1,291
Total assets 27,508 26,543
Liabilities    
Trade accounts payable 1,195 1,392
Accrued employee compensation 1,001 1,173
Advance payments and billings in excess of costs incurred 1,802 1,759
Other current liabilities 1,641 1,732
Total current liabilities 5,639 6,056
Long-term debt, net of current portion 5,929 3,930
Pension and post-retirement benefit plan liabilities 5,426 6,085
Other non-current liabilities 956 958
Total liabilities 17,950 17,029
Commitments and contingencies (Note 7)      
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: 2013—230,801,552 and 2012—239,209,812 231 239
Paid-in capital 2,124 2,924
Retained earnings 11,838 11,138
Accumulated other comprehensive loss (4,635) (4,787)
Total shareholders’ equity 9,558 9,514
Total liabilities and shareholders’ equity $ 27,508 $ 26,543