Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2021		Dec. 31, 2020
Current assets:
Cash and equivalents	$ 1,603		$ 2,824
Accounts receivable	3,041		3,161
Unbilled receivables	8,498		8,024
Inventories	5,340		5,745
Other current assets	1,505		1,789
Total current assets	19,987		21,543
Noncurrent assets:
Property, plant and equipment, net	5,417		5,100
Intangible assets, net	1,978		2,117
Goodwill	20,098	[1]	20,053	[2]
Other assets	2,593		2,495
Total noncurrent assets	30,086		29,765
Total assets	50,073		51,308
Current liabilities:
Short-term debt and current portion of long-term debt	1,005		3,003
Accounts payable	3,167		2,952
Customer advances and deposits	6,266		6,276
Other current liabilities	3,540		3,733
Total current liabilities	13,978		15,964
Noncurrent liabilities:
Long-term debt	10,490		9,995
Other liabilities	7,964		9,688
Commitments and contingencies (see Note M)
Total noncurrent liabilities	18,454		19,683
Shareholders’ equity:
Common stock	482		482
Surplus	3,278		3,124
Retained earnings	35,420		33,498
Treasury stock	(19,619)		(17,893)
Accumulated other comprehensive loss	(1,920)		(3,550)
Total shareholders’ equity	17,641		15,661
Total liabilities and shareholders’ equity	$ 50,073		$ 51,308

[1] Goodwill in the Technologies reporting unit was net of $1.8 billion of accumulated impairment losses.

[2] Goodwill in the Information Technology and Mission Systems reporting units was net of $536 and $1.3 billion of accumulated impairment losses, respectively.