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Condensed Consolidated Statements of Financial Position - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 6,914 $ 12,691
Short-term and other investments 615 3,274
Accounts receivable, net 2,959 2,649
Unbilled receivables, net 9,673 8,317
Current portion of financing receivables, net 57 99
Inventories 83,471 79,741
Other current assets, net 2,843 2,504
Total current assets 106,532 109,275
Financing receivables and operating lease equipment, net 833 860
Property, plant and equipment, net of accumulated depreciation of $22,414 and $22,245 10,696 10,661
Goodwill 8,089 8,093
Acquired intangible assets, net 2,034 2,094
Deferred income taxes 68 59
Investments 1,042 1,035
Other assets, net of accumulated amortization of $1,098 and $1,046 5,190 4,935
Total assets 134,484 137,012
Liabilities and equity    
Accounts payable 11,616 11,964
Accrued liabilities 21,607 22,331
Advances and progress billings 58,972 56,328
Short-term debt and current portion of long-term debt 1,063 5,204
Total current liabilities 93,258 95,827
Deferred income taxes 223 229
Accrued retiree health care 2,196 2,233
Accrued pension plan liability, net 6,400 6,516
Other long-term liabilities 2,546 2,332
Long-term debt 46,877 47,103
Total liabilities 151,500 154,240
Shareholders’ equity:    
Common stock, par value $5.00 — 1,200,000,000 shares authorized; 1,012,261,159 shares issued 5,061 5,061
Additional paid-in capital 10,539 10,309
Treasury stock, at cost — 398,878,880 and 402,746,136 shares (49,105) (49,549)
Retained earnings 26,908 27,251
Accumulated other comprehensive loss (10,412) (10,305)
Total shareholders’ deficit (17,009) (17,233)
Noncontrolling interests (7) 5
Total equity (17,016) (17,228)
Total liabilities and equity $ 134,484 $ 137,012