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Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 3,061 $ 3,109
Accounts receivable, net 1,832 1,454
Unbilled receivables, net 6,450 5,693
Inventoried costs, net 1,370 1,109
Prepaid expenses and other current assets 2,083 2,341
Total current assets 14,796 13,706
Property, plant and equipment, net of accumulated depreciation of $8,149 for 2024 and $7,964 for 2023 9,690 9,653
Operating lease right-of-use assets 1,763 1,818
Goodwill 17,515 17,517
Intangible assets, net 290 305
Deferred tax assets 1,123 1,020
Other non-current assets 2,641 2,525
Total assets 47,818 46,544
Liabilities    
Trade accounts payable 2,580 2,110
Accrued employee compensation 1,701 2,251
Advance payments and billings in excess of costs incurred 3,530 4,193
Other current liabilities 5,321 3,388
Total current liabilities 13,132 11,942
Long-term debt, net of current portion of $1,582 for 2024 and $70 for 2023 14,742 13,786
Pension and other postretirement benefit plan liabilities 1,250 1,290
Operating lease liabilities 1,830 1,892
Other non-current liabilities 2,641 2,839
Total liabilities 33,595 31,749
Commitments and Contingencies
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: 2024—148,088,480 and 2023—150,109,271 148 150
Paid-in capital 0 0
Retained earnings 14,218 14,773
Accumulated other comprehensive loss (143) (128)
Total shareholders’ equity 14,223 14,795
Total liabilities and shareholders’ equity $ 47,818 $ 46,544