XML 17 R3.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 2,495 $ 2,577
Accounts receivable, net 2,061 1,511
Unbilled receivables, net 6,215 5,983
Inventoried costs, net 1,115 978
Prepaid expenses and other current assets 924 1,439
Total current assets 12,810 12,488
Property, plant and equipment, net of accumulated depreciation of $7,448 for 2023 and $7,258 for 2022 8,838 8,800
Operating lease right-of-use assets 1,779 1,811
Goodwill 17,516 17,516
Intangible assets, net 364 384
Deferred tax assets 234 162
Other non-current assets 2,703 2,594
Total assets 44,244 43,755
Liabilities    
Trade accounts payable 2,136 2,587
Accrued employee compensation 1,646 2,057
Advance payments and billings in excess of costs incurred 3,211 3,609
Other current liabilities 3,490 3,334
Total current liabilities 10,483 11,587
Long-term debt, net of current portion of $1,082 for 2023 and $1,072 for 2022 13,770 11,805
Pension and other postretirement benefit plan liabilities 1,173 1,188
Operating lease liabilities 1,789 1,824
Other non-current liabilities 1,893 2,039
Total liabilities 29,108 28,443
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: 2023—151,950,074 and 2022—153,157,924 152 153
Paid-in capital 0 0
Retained earnings 15,135 15,312
Accumulated other comprehensive loss (151) (153)
Total shareholders’ equity 15,136 15,312
Total liabilities and shareholders’ equity $ 44,244 $ 43,755