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Condensed Consolidated Statements of Financial Position (Unaudited) (USD $)
In Millions
Sep. 30, 2011
Dec. 31, 2010
Assets  
Cash and cash equivalents$ 2,946$ 3,701
Accounts receivable, net of progress payments3,3283,329
Inventoried costs, net of progress payments884896
Current deferred tax assets393419
Prepaid expenses and other current assets135244
Assets of discontinued operations05,212
Total current assets7,68613,801
Property, plant, and equipment, net of accumulated depreciation of $3,897 in 2011 and $3,712 in 20103,0103,045
Goodwill12,37612,376
Other purchased intangibles, net of accumulated amortization of $1,641 in 2011 and $1,613 in 2010164192
Pension and post-retirement plan assets355320
Non-current deferred tax assets487721
Miscellaneous other assets1,0221,076
Total assets25,10031,531
Liabilities  
Notes payable to banks1610
Current portion of long-term debt23774
Trade accounts payable1,3381,573
Accrued employees' compensation1,0761,146
Advance payments and billings in excess of costs incurred1,7441,969
Other current liabilities1,5241,763
Liabilities of discontinued operations02,792
Total current liabilities5,72110,027
Long-term debt, net of current portion3,9363,940
Pension and post-retirement plan liabilities2,5913,089
Other long-term liabilities901918
Total liabilities13,14917,974
Commitments and Contingencies (Note 11)  
Shareholders' Equity  
Common stock, $1 par value; 800,000,000 shares authorized; issued and outstanding: 2011 - 265,540,830; 2010 - 290,956,752266291
Paid-in capital4,4607,778
Retained earnings9,4018,245
Accumulated other comprehensive loss(2,176)(2,757)
Total shareholders' equity11,95113,557
Total liabilities and shareholders' equity$ 25,100$ 31,531