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Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 3,278 $ 2,245
Accounts receivable, net 2,136 1,326
Unbilled receivables, net 5,918 5,334
Inventoried costs, net 785 783
Prepaid expenses and other current assets 1,011 997
Total current assets 13,128 10,685
Property, plant and equipment, net of accumulated depreciation of $5,952 for 2020 and $5,850 for 2019 6,956 6,912
Operating lease right-of-use assets 1,469 1,511
Goodwill 18,698 18,708
Intangible assets, net 974 1,040
Deferred tax assets 355 508
Other non-current assets 1,623 1,725
Total assets 43,203 41,089
Liabilities    
Trade accounts payable 2,071 2,226
Accrued employee compensation 1,472 1,865
Advance payments and billings in excess of costs incurred 2,027 2,237
Other current liabilities 4,607 3,106
Total current liabilities 10,177 9,434
Long-term debt, net of current portion of $1,790 for 2020 and $1,109 for 2019 14,299 12,770
Pension and other postretirement benefit plan liabilities 6,779 6,979
Operating lease liabilities 1,280 1,308
Other non-current liabilities 1,606 1,779
Total liabilities 34,141 32,270
Commitments and contingencies (Note 6)
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: 2020—167,099,297 and 2019—167,848,424 167 168
Paid-in capital 0 0
Retained earnings 9,011 8,748
Accumulated other comprehensive loss (116) (97)
Total shareholders’ equity 9,062 8,819
Total liabilities and shareholders’ equity $ 43,203 $ 41,089