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Components of Federal and Foreign Deferred Tax Assets and Liabilities (Detail) - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Deferred tax assets related to:    
Accrued compensation and benefits $ 961 $ 965
Pensions [1] 4,462 4,317
Other postretirement benefit obligations 375 386
Contract accounting methods 1,039 989
Foreign company operating losses and credits 70 59
Other 434 198
Valuation allowance [2] (76) (9)
Deferred tax assets, net 7,265 6,905
Deferred tax liabilities related to:    
Goodwill and purchased intangibles 474 454
Property, plant and equipment 457 514
Exchanged debt securities and other [3] 409 485
Deferred tax liabilities 1,340 1,453
Net deferred tax assets [4] $ 5,925 $ 5,452
[1] The increase in 2015 was primarily due to the negative investment return on postretirement plan assets (Note 11).
[2] A valuation allowance was provided against certain foreign company deferred tax assets arising from carryforwards of unused tax benefits.
[3] Includes deferred taxes associated with the exchange of debt securities in prior years.
[4] Includes net foreign current deferred tax liabilities, which are included on the Balance Sheets in other current liabilities.