Consolidated Statements of Financial Position - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Assets
Cash and cash equivalents	$ 4,403	$ 4,353
Accounts receivable, net	1,375	1,272
Unbilled receivables, net	6,544	5,908
Inventoried costs, net	1,309	1,455
Prepaid expenses and other current assets	1,656	1,286
Total current assets	15,287	14,274
Property, plant and equipment, net of accumulated depreciation of $9,648 for 2025 and $8,733 for 2024	10,972	10,536
Operating lease right-of-use assets	1,859	1,770
Goodwill	17,437	17,512
Deferred tax assets	1,051	1,599
Non-current assets	3,167	2,184
Other non-current assets	1,604	1,484
Total assets	51,377	49,359
Liabilities
Trade accounts payable	3,240	2,599
Accrued employee compensation	2,309	2,271
Advance payments and billings in excess of costs incurred	4,086	4,070
Other current liabilities	4,247	5,188
Total current liabilities	13,882	14,128
Long-term debt, net of current portion of $534 for 2025 and $1,582 for 2024	15,162	14,692
Pension and other postretirement benefit plan liabilities	1,110	1,120
Operating lease liabilities	1,857	1,798
Other non-current liabilities	2,692	2,331
Total liabilities	34,703	34,069
Commitments and contingencies (Note 11)
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—141,997,194 and 2024—144,952,026	142	145
Paid-in capital	0	0
Retained earnings	16,658	15,297
Accumulated other comprehensive loss	(126)	(152)
Total shareholders’ equity	16,674	15,290
Total liabilities and shareholders’ equity	$ 51,377	$ 49,359