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Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 3,272 $ 3,109
Accounts receivable, net 1,694 1,454
Unbilled receivables, net 6,434 5,693
Inventoried costs, net 1,504 1,109
Prepaid expenses and other current assets 1,363 2,341
Total current assets 14,267 13,706
Property, plant and equipment, net of accumulated depreciation of $8,328 for 2024 and $7,964 for 2023 9,771 9,653
Operating lease right-of-use assets 1,823 1,818
Goodwill 17,516 17,517
Intangible assets, net 282 305
Deferred tax assets 1,250 1,020
Other non-current assets 2,761 2,525
Total assets 47,670 46,544
Liabilities    
Trade accounts payable 2,352 2,110
Accrued employee compensation 1,903 2,251
Advance payments and billings in excess of costs incurred 3,292 4,193
Other current liabilities 5,361 3,388
Total current liabilities 12,908 11,942
Long-term debt, net of current portion of $1,590 for 2024 and $70 for 2023 14,706 13,786
Pension and other postretirement benefit plan liabilities 1,211 1,290
Operating lease liabilities 1,870 1,892
Other non-current liabilities 2,674 2,839
Total liabilities 33,369 31,749
Commitments and Contingencies
Shareholders’ equity    
Preferred stock, $1 par value; 10,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $1 par value; 800,000,000 shares authorized; issued and outstanding: 2024—146,463,372 and 2023—150,109,271 146 150
Paid-in capital 0 0
Retained earnings 14,301 14,773
Accumulated other comprehensive loss (146) (128)
Total shareholders’ equity 14,301 14,795
Total liabilities and shareholders’ equity $ 47,670 $ 46,544