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Consolidated Balance Sheet - USD ($)
$ in Millions
Jul. 02, 2023
Dec. 31, 2022
Current assets:    
Cash and equivalents $ 1,154 $ 1,242
Accounts receivable 3,167 3,008
Unbilled receivables 8,291 8,795
Inventories 7,642 6,322
Other current assets 1,571 1,696
Total current assets 21,825 21,063
Noncurrent assets:    
Property, plant and equipment, net 5,947 5,900
Intangible assets, net 1,732 1,824
Goodwill [1] 20,443 20,334
Other assets 2,609 2,464
Total noncurrent assets 30,731 30,522
Total assets 52,556 51,585
Current liabilities:    
Short-term debt and current portion of long-term debt 508 1,253
Accounts payable 3,365 3,398
Customer advances and deposits 8,628 7,436
Other current liabilities 3,185 3,254
Total current liabilities 15,686 15,341
Noncurrent liabilities:    
Long-term debt 9,247 9,243
Other liabilities 8,145 8,433
Commitments and contingencies (see Note J)
Total noncurrent liabilities 17,392 17,676
Shareholders’ equity:    
Common stock 482 482
Surplus 3,614 3,556
Retained earnings 38,154 37,403
Treasury stock (21,077) (20,721)
Accumulated other comprehensive loss (1,695) (2,152)
Total shareholders’ equity 19,478 18,568
Total liabilities and shareholders’ equity $ 52,556 $ 51,585
[1] Goodwill in the Technologies reporting unit was net of $1.8 billion of accumulated impairment losses.