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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 1,066 $ 662
Billed receivables, net of allowances of $12 in 2018 and $18 in 2017 919 723
Contract assets 1,590 0
Contracts in process 0 1,933
Inventories 879 389
Prepaid expenses and other current assets 356 300
Assets held for sale 0 135
Assets of discontinued operations 0 306
Total current assets 4,810 4,448
Property, plant and equipment, net 1,169 1,110
Goodwill 6,808 6,615
Identifiable intangible assets 390 292
Other assets 341 264
Total assets 13,518 12,729
Current liabilities:    
Accounts payable, trade 699 531
Accrued employment costs 491 493
Accrued expenses 251 217
Contract liabilities 669 0
Advance payments and billings in excess of costs incurred 0 509
Income taxes payable 49 19
Other current liabilities 288 367
Liabilities held for sale 0 17
Liabilities of discontinued operations 0 226
Total current liabilities 2,447 2,379
Pension and postretirement benefits 1,211 1,313
Deferred income taxes 196 158
Other liabilities 436 398
Long-term debt 3,321 3,330
Total liabilities 7,611 7,578
Commitments and contingencies (see Note 19)
Stockholders' Equity Attributable to Parent [Abstract]    
Common stock: $.01 par value; 300,000,000 shares authorized, 78,800,714 shares outstanding at December 31, 2018 and 77,876,687 shares outstanding at December 31, 2017 6,866 6,519
Treasury stock (at cost), 84,999,711 shares at December 31, 2018 and 83,362,412 shares at December 31, 2017 (7,726) (7,404)
Retained earnings 7,424 6,659
Accumulated other comprehensive loss (725) (691)
Total shareholders’ equity 5,839 5,083
Noncontrolling interests 68 68
Total equity 5,907 5,151
Total liabilities and equity $ 13,518 $ 12,729