Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Dec. 31, 2011		Dec. 31, 2010
Assets
Cash and cash equivalents	$ 3,582		$ 2,261
Short-term investments	3		516
Receivables, net	6,064		5,692
Inventories, net	2,481		2,363
Deferred income taxes	1,339		1,147
Other current assets	625		518
Assets of discontinued operation held for sale			396
Total current assets	14,094		12,893
Property, plant and equipment, net	4,611		4,554
Goodwill	10,148	[1]	9,605	[1]
Deferred income taxes	4,388		3,485
Other assets	4,667		4,576
Total assets	37,908	[2]	35,113	[2]
Liabilities and Stockholders' Equity
Accounts payable	2,269		1,627
Customer advances and amounts in excess of costs incurred	6,399		5,890
Salaries, benefits and payroll taxes	1,664		1,870
Other current liabilities	1,798		1,810
Liabilities of discontinued operation held for sale			204
Total current liabilities	12,130		11,401
Long-term debt, net	6,460		5,019
Accrued pension liabilities	13,502		10,607
Other postretirement benefit liabilities	1,274		1,213
Other liabilities	3,541		3,376
Total liabilities	36,907		31,616
Stockholders' equity
Common stock, $1 par value per share	321		346
Additional paid-in capital
Retained earnings	11,937		12,161
Accumulated other comprehensive loss	(11,257)		(9,010)
Total stockholders' equity	1,001		3,497
Total liabilities and stockholders' equity	$ 37,908		$ 35,113

[1] During 2011, the increase in goodwill primarily was due to the acquisition of QTC and Sim-Industries B.V. In 2010, goodwill decreased primarily due to the sale of Enterprise Integration Group (EIG) and the reclassification of Pacific Architects and Engineers, Inc.'s (PAE) assets and liabilities to discontinued operations in 2010 (Note 14).

[2] We have no significant long-lived assets located in foreign countries.