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Condensed Consolidated Statements of Financial Position (Unaudited) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Assets    
Cash and cash equivalents $ 3,402 $ 5,150
Accounts receivable, net 3,233 2,685
Inventoried costs, net 671 698
Deferred tax assets 526 605
Prepaid expenses and other current assets 290 350
Total current assets 8,122 9,488
Property, plant and equipment, net of accumulated depreciation of $4,540 in 2014 and $4,337 in 2013 2,845 2,806
Goodwill 12,463 12,438
Non-current deferred tax assets 129 209
Other non-current assets 1,484 1,440
Total assets 25,043 26,381
Liabilities    
Trade accounts payable 1,193 1,229
Accrued employee compensation 1,225 1,446
Advance payments and amounts in excess of costs incurred 1,610 1,722
Other current liabilities 1,483 1,418
Total current liabilities 5,511 5,815
Long-term debt, net of current portion 5,926 5,928
Pension and other post-retirement benefit plan liabilities 2,775 2,954
Other non-current liabilities 938 1,064
Total liabilities 15,150 15,761
Commitments and contingencies      
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: 2014—203,176,629 and 2013—217,599,230 203 218
Paid-in capital 0 848
Retained earnings 12,568 12,538
Accumulated other comprehensive loss (2,878) (2,984)
Total shareholders’ equity 9,893 10,620
Total liabilities and shareholders’ equity $ 25,043 $ 26,381