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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 529 $ 941
Receivables, net 1,138 1,045
Contract assets 3,135 3,021
Inventories 1,339 982
Inventory prepayments 22 48
Income taxes receivable 44 98
Other current assets 224 224
Total current assets 6,431 6,359
Non-current Assets    
Property, plant and equipment, net 2,092 2,101
Operating lease right-of-use assets 762 769
Goodwill 17,260 18,189
Other intangible assets, net 6,148 6,640
Deferred income taxes 84 85
Other non-current assets 604 566
Total non-current assets 26,950 28,350
Total assets 33,381 34,709
Current Liabilities    
Short-term debt 2 2
Accounts payable 2,078 1,767
Contract liabilities 1,158 1,297
Compensation and benefits 349 444
Other accrued items 1,002 1,002
Income taxes payable 201 28
Current portion of long-term debt, net 1,063 11
Total current liabilities 5,853 4,551
Non-current Liabilities    
Defined benefit plans 346 614
Operating lease liabilities 745 768
Long-term debt, net 5,967 7,048
Deferred income taxes 876 1,344
Other long-term liabilities 1,155 1,065
Total non-current liabilities 9,089 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 191,089,930 and 193,511,401 shares at September 30, 2022 and December 31, 2021, respectively 191 194
Other capital 15,744 16,248
Retained earnings 2,768 2,917
Accumulated other comprehensive loss (366) (146)
Total shareholders’ equity 18,337 19,213
Noncontrolling interests 102 106
Total equity 18,439 19,319
Total liabilities and equity $ 33,381 $ 34,709