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Consolidated Balance Sheet - USD ($)
$ in Millions
Jul. 04, 2021
Dec. 31, 2020
Current assets:    
Cash and equivalents $ 2,950 $ 2,824
Accounts receivable 3,255 3,161
Unbilled receivables 7,923 8,024
Inventories 5,803 5,745
Other current assets 1,649 1,789
Total current assets 21,580 21,543
Noncurrent assets:    
Property, plant and equipment, net 5,135 5,100
Intangible assets, net 2,003 2,117
Goodwill [1] 20,021 20,053
Other assets 2,444 2,495
Total noncurrent assets 29,603 29,765
Total assets 51,183 51,308
Current liabilities:    
Short-term debt and current portion of long-term debt 2,821 3,003
Accounts payable 2,595 2,952
Customer advances and deposits 5,956 6,276
Other current liabilities 3,609 3,733
Total current liabilities 14,981 15,964
Noncurrent liabilities:    
Long-term debt 11,485 9,995
Other liabilities 9,396 9,688
Commitments and contingencies
Total noncurrent liabilities 20,881 19,683
Shareholders’ equity:    
Common stock 482 482
Surplus 3,194 3,124
Retained earnings 34,273 33,498
Treasury stock (19,181) (17,893)
Accumulated other comprehensive loss (3,447) (3,550)
Total shareholders’ equity 15,321 15,661
Total liabilities and shareholders’ equity $ 51,183 $ 51,308
[1] Goodwill in the Technologies reporting unit was net of $1.8 billion of accumulated impairment losses.