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Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 4,995 $ 2,245
Accounts receivable, net 1,958 1,326
Unbilled receivables, net 5,723 5,334
Inventoried costs, net 853 783
Prepaid expenses and other current assets 1,023 997
Total current assets 14,552 10,685
Property, plant and equipment, net of accumulated depreciation of $6,259 for 2020 and $5,850 for 2019 7,187 6,912
Operating lease right-of-use assets 1,479 1,511
Goodwill 18,711 18,708
Intangible assets, net 844 1,040
Deferred tax assets 188 508
Other non-current assets 1,811 1,725
Total assets 44,772 41,089
Liabilities    
Trade accounts payable 2,197 2,226
Accrued employee compensation 1,847 1,865
Advance payments and billings in excess of costs incurred 2,235 2,237
Other current liabilities 3,830 3,106
Total current liabilities 10,109 9,434
Long-term debt, net of current portion of $1,806 for 2020 and $1,109 for 2019 14,260 12,770
Pension and other postretirement benefit plan liabilities 6,389 6,979
Operating lease liabilities 1,292 1,308
Deferred tax liabilities 39 0
Other non-current liabilities 2,216 1,779
Total liabilities 34,305 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—166,715,510 and 2019—167,848,424 167 168
Paid-in capital 27 0
Retained earnings 10,394 8,748
Accumulated other comprehensive loss (121) (97)
Total shareholders’ equity 10,467 8,819
Total liabilities and shareholders’ equity $ 44,772 $ 41,089