Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jul. 03, 2016	Dec. 31, 2015
Current assets:
Cash and equivalents	$ 1,899	$ 2,785
Accounts receivable	3,539	3,446
Contracts in process	4,996	4,357
Inventories	3,520	3,366
Other current assets	432	617
Total current assets	14,386	14,571
Noncurrent assets:
Property, plant and equipment, net	3,440	3,466
Intangible assets, net	733	763
Goodwill	11,572	11,443	[1]
Other assets	1,638	1,754
Total noncurrent assets	17,383	17,426
Total assets	31,769	31,997
Current liabilities:
Short-term debt and current portion of long-term debt	537	501
Accounts payable	2,128	1,964
Customer advances and deposits	5,365	5,674
Other current liabilities	4,105	4,306
Total current liabilities	12,135	12,445
Noncurrent liabilities:
Long-term debt	2,899	2,898
Other liabilities	5,740	5,916
Commitments and contingencies
Total noncurrent liabilities	8,639	8,814
Shareholders' equity:
Common stock	482	482
Surplus	2,756	2,730
Retained earnings	24,213	23,204
Treasury stock	(13,491)	(12,392)
Accumulated other comprehensive loss	(2,965)	(3,286)
Total shareholders' equity	10,995	10,738
Total liabilities and shareholders' equity	$ 31,769	$ 31,997

[1] Goodwill on December 31, 2015, in the Information Systems and Technology reporting unit is net of $2 billion of accumulated impairment losses.