XML 70 R4.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED BALANCE SHEET (Unaudited) - USD ($)
$ in Millions
Apr. 01, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 402 $ 941
Receivables, net 1,283 1,045
Contract assets 3,113 3,021
Inventories 1,090 982
Inventory prepayments 58 48
Income taxes receivable 54 98
Other current assets 249 224
Total current assets 6,249 6,359
Non-current Assets    
Property, plant and equipment, net 2,078 2,101
Operating lease right-of-use assets 775 769
Goodwill 18,194 18,189
Other intangible assets, net 6,486 6,640
Deferred income taxes 91 85
Other non-current assets 571 566
Total non-current assets 28,195 28,350
Total assets 34,444 34,709
Current Liabilities    
Short-term debt 3 2
Accounts payable 1,723 1,767
Contract liabilities 1,275 1,297
Compensation and benefits 290 444
Other accrued items 997 1,002
Income taxes payable 187 28
Current portion of long-term debt, net 262 11
Total current liabilities 4,737 4,551
Non-current Liabilities    
Defined benefit plans 524 614
Operating lease liabilities 777 768
Long-term debt, net 6,795 7,048
Deferred income taxes 1,189 1,344
Other long-term liabilities 1,056 1,065
Total non-current liabilities 10,341 10,839
Shareholders’ Equity:    
Preferred stock, without par value; 1,000,000 shares authorized; none issued 0 0
Common stock, $1.00 par value; 500,000,000 shares authorized; issued and outstanding 192,805,539 and 193,511,401 shares at April 1, 2022 and December 31, 2021, respectively 193 194
Other capital 16,089 16,248
Retained earnings 3,128 2,917
Accumulated other comprehensive loss (150) (146)
Total shareholders’ equity 19,260 19,213
Noncontrolling interests 106 106
Total equity 19,366 19,319
Total liabilities and equity $ 34,444 $ 34,709