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Consolidated Statements of Financial Position - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Assets    
Cash and cash equivalents $ 1,579 $ 11,225
Accounts receivable, net 1,448 1,054
Unbilled receivables, net 5,026 3,465
Inventoried costs, net 654 398
Prepaid expenses and other current assets 973 445
Total current assets 9,680 16,587
Property, plant and equipment, net of accumulated depreciation of $5,369 for 2018 and $5,066 for 2017 6,372 4,225
Goodwill 18,672 12,455
Intangible assets, net 1,372 52
Deferred tax assets 94 447
Other non-current assets 1,463 1,362
Total assets 37,653 35,128
Liabilities    
Trade accounts payable 2,182 1,661
Accrued employee compensation 1,676 1,382
Advance payments and amounts in excess of costs incurred 1,917 1,761
Other current liabilities 2,499 2,288
Total current liabilities 8,274 7,092
Long-term debt, net of current portion of $517 for 2018 and $867 for 2017 13,883 14,399
Pension and OPB plan liabilities 5,755 5,511
Deferred tax liabilities 108 0
Other non-current liabilities 1,446 994
Total liabilities 29,466 27,996
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: 2018—170,607,336 and 2017—174,085,619 171 174
Paid-in capital 0 44
Retained earnings 8,068 6,913
Accumulated other comprehensive (loss) income (52) 1
Total shareholders’ equity 8,187 7,132
Total liabilities and shareholders’ equity $ 37,653 $ 35,128