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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 3,848 $ 952
Accounts receivable, net (Note 5 and Note 6) 2,872 2,726
Contract assets, current 753 622
Inventories, net 1,581 1,332
Other assets, current 280 327
Total current assets 9,334 5,959
Future income tax benefits 439 500
Fixed assets, net 1,676 1,663
Operating lease right-of-use assets 823 832
Intangible assets, net 1,024 1,083
Goodwill 9,906 9,884
Pension and post-retirement assets 574 490
Equity method investments 1,696 1,739
Other assets 256 256
Total Assets 25,728 22,406
Current liabilities:    
Accounts payable (Note 5) 2,019 1,701
Accrued liabilities (Note 5) 2,445 2,088
Contract liabilities, current 495 443
Current portion of long-term debt 223 237
Total current liabilities 5,182 4,469
Long-term debt 11,751 82
Future pension and post-retirement obligations 473 456
Future income tax obligations (Note 5 and Note 14) 471 1,099
Operating lease liabilities 676 682
Other long-term liabilities (Note 5) 1,738 1,183
Total Liabilities 20,291 7,971
Commitments and contingent liabilities (Note 18)
Equity    
UTC Net investment 0 15,355
Common stock, par value $0.01; 4,000,000,000 shares authorized; 866,687,269 shares issued and outstanding as of September 30, 2020 9 0
Additional paid-in capital 5,327 0
Retained earnings 932 0
Accumulated other comprehensive loss (1,172) (1,253)
Non-controlling interest 341 333
Total Equity 5,437 14,435
Total Liabilities and Equity $ 25,728 $ 22,406