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Consolidated Statements of Financial Position - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 2,577 $ 3,530
Accounts receivable, net 1,511 1,467
Unbilled receivables, net 5,983 5,492
Inventoried costs, net 978 811
Prepaid expenses and other current assets 1,439 1,126
Total current assets 12,488 12,426
Property, plant and equipment, net of accumulated depreciation of $7,258 for 2022 and $6,819 for 2021 8,800 7,894
Operating lease right-of-use assets 1,811 1,655
Goodwill 17,516 17,515
Intangible assets, net 384 578
Deferred tax assets 162 200
Other non-current assets 2,594 2,311
Total assets 43,755 42,579
Liabilities    
Trade accounts payable 2,587 2,197
Accrued employee compensation 2,057 1,993
Advance payments and billings in excess of costs incurred 3,609 3,026
Other current liabilities 3,334 2,314
Total current liabilities 11,587 9,530
Long-term debt, net of current portion of $1,072 for 2022 and $6 for 2021 11,805 12,777
Pension and other postretirement benefit plan liabilities 1,188 3,269
Operating lease liabilities 1,824 1,590
Deferred tax liabilities 132 490
Other non-current liabilities 1,907 1,997
Total liabilities 28,443 29,653
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: 2022—153,157,924 and 2021—156,284,423 153 156
Paid-in capital 0 0
Retained earnings 15,312 12,913
Accumulated other comprehensive loss (153) (143)
Total shareholders’ equity 15,312 12,926
Total liabilities and shareholders’ equity $ 43,755 $ 42,579