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Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 27, 2020
Dec. 31, 2019
Current assets:    
Cash and equivalents $ 1,469 $ 902
Accounts receivable 3,863 3,544
Unbilled receivables 8,143 7,857
Inventories 6,402 6,306
Other current assets 988 1,171
Total current assets 20,865 19,780
Noncurrent assets:    
Property, plant and equipment, net 4,863 4,475
Intangible assets, net 2,162 2,315
Goodwill [1] 19,889 19,677
Other assets 2,479 2,594
Total noncurrent assets 29,393 29,061
Total assets 50,258 48,841
Current liabilities:    
Short-term debt and current portion of long-term debt 3,394 2,920
Accounts payable 2,613 3,162
Customer advances and deposits 6,086 7,148
Other current liabilities 4,027 3,571
Total current liabilities 16,120 16,801
Noncurrent liabilities:    
Long-term debt 9,978 9,010
Other liabilities 9,444 9,453
Commitments and contingencies
Total noncurrent liabilities 19,422 18,463
Shareholders’ equity:    
Common stock 482 482
Surplus 3,082 3,039
Retained earnings 32,812 31,633
Treasury stock (17,805) (17,358)
Accumulated other comprehensive loss (3,855) (4,219)
Total shareholders’ equity 14,716 13,577
Total liabilities and shareholders’ equity $ 50,258 $ 48,841
[1] Goodwill in the Information Technology and Mission Systems reporting units is net of $536 and $1.3 billion of accumulated impairment losses, respectively.