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Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
Assets    
Cash and cash equivalents $ 1,139 $ 2,319
Accounts receivable, net 3,483 2,841
Inventoried costs, net 973 807
Prepaid expenses and other current assets 186 367
Total current assets 5,781 6,334
Property, plant and equipment, net of accumulated depreciation of $4,927 in 2016 and $4,849 in 2015 3,299 3,064
Goodwill 12,463 12,460
Deferred tax assets 1,375 1,409
Other non-current assets 1,163 1,157
Total assets 24,081 24,424
Liabilities    
Trade accounts payable 1,272 1,282
Accrued employee compensation 1,112 1,195
Advance payments and amounts in excess of costs incurred 1,383 1,537
Other current liabilities 1,332 1,443
Total current liabilities 5,099 5,457
Long-term debt, net of current portion 6,387 6,386
Pension and other post-retirement benefit plan liabilities 6,061 6,172
Other non-current liabilities 853 887
Total liabilities 18,400 18,902
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: 2016—178,956,974 and 2015—181,303,083 179 181
Paid-in capital 0 0
Retained earnings 10,634 10,661
Accumulated other comprehensive loss (5,132) (5,320)
Total shareholders’ equity 5,681 5,522
Total liabilities and shareholders’ equity $ 24,081 $ 24,424