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Consolidated Statements of Financial Position - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Assets    
Cash and cash equivalents $ 11,225 $ 2,541
Accounts receivable, net 3,976 3,299
Inventoried costs, net 780 816
Prepaid expenses and other current assets 368 200
Total current assets 16,349 6,856
Property, plant and equipment, net of accumulated depreciation of $5,066 for 2017 and $4,831 for 2016 4,225 3,588
Goodwill 12,455 12,450
Deferred tax assets 475 1,462
Other non-current assets 1,413 1,258
Total assets 34,917 25,614
Liabilities    
Trade accounts payable 1,661 1,554
Accrued employee compensation 1,382 1,342
Advance payments and amounts in excess of costs incurred 1,617 1,471
Other current liabilities 2,305 1,263
Total current liabilities 6,965 5,630
Long-term debt, net of current portion of $867 for 2017 and $12 for 2016 14,399 7,058
Pension and other post-retirement benefit plan liabilities 5,511 6,818
Other non-current liabilities 994 849
Total liabilities 27,869 20,355
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: 2017—174,085,619 and 2016—175,068,263 174 175
Additional Paid in Capital, Common Stock 44 0
Retained earnings 11,548 10,630
Accumulated other comprehensive loss (4,718) (5,546)
Total shareholders’ equity 7,048 5,259
Total liabilities and shareholders’ equity $ 34,917 $ 25,614