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Other Liabilities (Details) - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Other Liabilities Disclosure [Abstract]    
Salaries and wages $ 1,007 $ 941
Workers' compensation 338 306
Retirement benefits 306 296
Less current portion of lease liabilities 262 252
Fair value of cash flow hedges 79 32
Other [1] 1,741 1,744
Total other current liabilities 3,733 3,571 [2]
Retirement benefits 5,182 5,172
Long-term lease liabilities 1,149 1,251
Customer deposits on commercial contracts 872 709
Deferred tax liability 461 588
Other [3] 2,024 1,840
Other liabilities $ 9,688 $ 9,560 [2]
[1] Consists primarily of dividends payable, taxes payable, environmental remediation reserves, warranty reserves, deferred revenue and supplier contributions in the Aerospace segment, liabilities of discontinued operations, finance lease liabilities and insurance-related costs.
[2] *Prior-period information has been restated for the retrospective application of a change in accounting principle related to the amortization of actuarial gains and losses for our qualified U.S. government pension plans, which we adopted in the fourth quarter of 2020. For further discussion of this change in accounting principle, see Note T to the Consolidated Financial Statements.
[3] Consists primarily of warranty reserves, workers’ compensation liabilities, finance lease liabilities and liabilities of discontinued operations