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Condensed Consolidated Statements of Financial Position - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 7,087 $ 13,801
Short-term and other investments 15,880 12,481
Accounts receivable, net 3,190 2,631
Unbilled receivables, net 9,261 8,363
Current portion of financing receivables, net 16 207
Inventories 87,853 87,550
Other current assets, net 2,563 2,965
Assets held for sale 1,451
Total current assets 127,301 127,998
Financing receivables and operating lease equipment, net 318 314
Property, plant and equipment, net of accumulated depreciation of $23,208 and $22,925 11,658 11,412
Goodwill 7,280 8,084
Acquired intangible assets, net 1,542 1,957
Deferred income taxes 136 185
Investments 1,036 999
Other assets, net of accumulated amortization of $879 and $1,085 5,849 5,414
Total assets 155,120 156,363
Liabilities and equity    
Accounts payable 11,238 11,364
Accrued liabilities 23,508 24,103
Advances and progress billings 59,407 60,333
Short-term debt and current portion of long-term debt 8,719 1,278
Liabilities held for sale 504
Total current liabilities 103,376 97,078
Deferred income taxes 193 122
Accrued retiree health care 2,116 2,176
Accrued pension plan liability, net 5,803 5,997
Other long-term liabilities 2,324 2,318
Long-term debt 44,604 52,586
Total liabilities 158,416 160,277
Shareholders’ equity:    
Common stock, par value $5.00 – 1,200,000,000 shares authorized; 1,012,261,159 shares issued 5,061 5,061
Additional paid-in capital 19,238 18,964
Treasury stock, at cost – 256,638,054 and 263,044,840 shares (31,603) (32,386)
Retained earnings 14,542 15,362
Accumulated other comprehensive loss (10,539) (10,915)
Total shareholders’ deficit (3,295) (3,908)
Noncontrolling interests (1) (6)
Total equity (3,296) (3,914)
Total liabilities and equity 155,120 156,363
Mandatory convertible preferred stock    
Shareholders’ equity:    
Mandatory convertible preferred stock, 6.00% Series A, par value $1.00 – 20,000,000 shares authorized; 5,750,000 shares issued; aggregate liquidation preference $5,750 $ 6 $ 6