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Consolidated Statements of Financial Position (USD $)
In Millions, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Assets    
Cash and cash equivalents $ 5,150 $ 3,862
Accounts receivable, net 2,685 2,858
Inventoried costs, net 698 798
Deferred tax assets 605 574
Prepaid expenses and other current assets 350 300
Total current assets 9,488 8,392
Property, plant and equipment, net of accumulated depreciation of $4,337 in 2013 and $4,146 in 2012 2,806 2,887
Goodwill 12,438 12,431
Non-current deferred tax assets 209 1,542
Other non-current assets 1,440 1,291
Total assets 26,381 26,543
Liabilities    
Trade accounts payable 1,229 1,392
Accrued employee compensation 1,169 1,173
Advance payments and amounts in excess of costs incurred 1,722 1,759
Other current liabilities 1,695 1,732
Total current liabilities 5,815 6,056
Long-term debt, net of current portion of $2 in 2013 and $5 in 2012 5,928 3,930
Pension and other post-retirement benefit plan liabilities 2,954 6,085
Other non-current liabilities 1,064 958
Total liabilities 15,761 17,029
Commitments and contingencies (Note 12)      
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—217,599,230 and 2012—239,209,812 218 239
Paid-in capital 848 2,924
Retained earnings 12,538 11,138
Accumulated other comprehensive loss (2,984) (4,787)
Total shareholders’ equity 10,620 9,514
Total liabilities and shareholders’ equity $ 26,381 $ 26,543