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Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 1,685 $ 4,353
Accounts receivable, net 1,805 1,272
Unbilled receivables, net 6,857 5,908
Inventoried costs, net 1,578 1,455
Prepaid expenses and other current assets 1,342 1,286
Total current assets 13,267 14,274
Property, plant and equipment, net of accumulated depreciation of $8,998 for 2025 and $8,733 for 2024 10,522 10,536
Operating lease right-of-use assets 1,826 1,770
Goodwill 17,434 17,512
Intangible assets, net 242 254
Deferred tax assets 1,633 1,599
Pension and other postretirement benefit plan assets 2,285 2,184
Other non-current assets 1,259 1,230
Total assets 48,468 49,359
Liabilities    
Trade accounts payable 2,501 2,599
Accrued employee compensation 1,598 2,271
Advance payments and billings in excess of costs incurred 3,710 4,070
Other current liabilities 6,160 5,188
Total current liabilities 13,969 14,128
Long-term debt, net of current portion of $605 for 2025 and $1,582 for 2024 14,167 14,692
Pension and other postretirement benefit plan liabilities 1,115 1,120
Operating lease liabilities 1,854 1,798
Other non-current liabilities 2,379 2,331
Total liabilities 33,484 34,069
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: 2025—144,071,022 and 2024—144,952,026 144 145
Paid-in capital 0 0
Retained earnings 14,982 15,297
Accumulated other comprehensive loss (142) (152)
Total shareholders’ equity 14,984 15,290
Total liabilities and shareholders’ equity $ 48,468 $ 49,359