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Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 3,517 $ 4,907
Accounts receivable, net 1,710 1,501
Unbilled receivables, net 5,519 5,140
Inventoried costs, net 860 759
Prepaid expenses and other current assets 647 1,402
Assets of disposal group held for sale 0 1,635
Total current assets 12,253 15,344
Property, plant and equipment, net of accumulated depreciation of $6,471 for 2021 and $6,335 for 2020 7,093 7,071
Operating lease right-of-use assets 1,552 1,533
Goodwill 17,518 17,518
Intangible assets, net 732 783
Deferred tax assets 311 311
Other non-current assets 1,964 1,909
Total assets 41,423 44,469
Liabilities    
Trade accounts payable 1,895 1,806
Accrued employee compensation 1,542 1,997
Advance payments and billings in excess of costs incurred 2,393 2,517
Other current liabilities 2,537 3,002
Liabilities of disposal group held for sale 0 258
Total current liabilities 8,367 9,580
Long-term debt, net of current portion of $42 for 2021 and $742 for 2020 12,764 14,261
Pension and other postretirement benefit plan liabilities 6,217 6,498
Operating lease liabilities 1,354 1,343
Other non-current liabilities 2,196 2,208
Total liabilities 30,898 33,890
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: 2021—160,960,496 and 2020—166,717,179 161 167
Paid-in capital 8 58
Retained earnings 10,487 10,482
Accumulated other comprehensive loss (131) (128)
Total shareholders’ equity 10,525 10,579
Total liabilities and shareholders’ equity $ 41,423 $ 44,469