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Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and equivalents $ 702 $ 963
Accounts receivable 3,673 3,759
Unbilled receivables 7,554 6,576
Inventories 6,480 5,977
Other current assets 1,148 914
Total current assets 19,557 18,189
Noncurrent assets:    
Property, plant and equipment, net 4,091 3,978
Intangible assets, net 2,457 2,585
Goodwill [1] 19,662 19,594
Other assets 2,307 1,062
Total noncurrent assets 28,517 27,219
Total assets 48,074 45,408
Current liabilities:    
Short-term debt and current portion of long-term debt 4,960 973
Accounts payable 2,860 3,179
Customer advances and deposits 6,714 7,270
Other current liabilities 3,480 3,317
Total current liabilities 18,014 14,739
Noncurrent liabilities:    
Long-term debt 8,975 11,444
Other liabilities 8,208 7,493
Commitments and contingencies
Total noncurrent liabilities 17,183 18,937
Shareholders’ equity:    
Common stock 482 482
Surplus 2,959 2,946
Retained earnings 30,291 29,326
Treasury stock (17,379) (17,244)
Accumulated other comprehensive loss (3,476) (3,778)
Total shareholders’ equity 12,877 11,732
Total liabilities and shareholders’ equity $ 48,074 $ 45,408
[1] Goodwill in the Information Technology and Mission Systems reporting units is net of $536 and $1.3 billion of accumulated impairment losses, respectively.