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Condensed Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 1,733 $ 1,446
Accounts receivable (net of allowance for expected credit losses of $156 and $83) 2,958 2,861
Contract assets 481 529
Inventories, net 667 571
Other current assets 432 251
Total Current Assets 6,271 5,658
Future income tax benefits 456 373
Fixed assets (net of accumulated depreciation of $1,154 and $1,082) 721 721
Operating lease right-of-use assets 548 535
Intangible assets, net 489 490
Goodwill 1,700 1,647
Other assets 288 263
Total Assets 10,473 9,687
Liabilities and (Deficit) Equity    
Short-term borrowings 538 34
Accounts payable 1,392 1,331
Accrued liabilities 1,858 1,739
Contract liabilities 2,503 2,270
Total Current Liabilities 6,291 5,374
Long-term debt 5,512 5
Future pension and postretirement benefit obligations 601 590
Operating lease liabilities 375 386
Future income tax obligations 448 695
Other long-term liabilities 629 311
Total Liabilities 13,856 7,361
Commitments and contingent liabilities (Note 17)
Redeemable noncontrolling interest 98 95
Preferred Stock, $0.01 par value, 125 shares authorized; None issued or outstanding 0 0
Common Stock, $0.01 par value, 2,000 shares authorized; 433.2 shares issued and outstanding 4 0
Additional paid-in capital 32 0
Accumulated deficit (3,241) 0
UTC Net Investment 0 2,458
Accumulated other comprehensive income (loss) (819) (758)
Total Shareholders' (Deficit) Equity (4,024) 1,700
Noncontrolling interest 543 531
Total (Deficit) Equity (3,481) 2,231
Total Liabilities and (Deficit) Equity $ 10,473 $ 9,687