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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets    
Cash and cash equivalents $ 1,898 $ 3,582
Receivables, net 6,563 6,064
Inventories, net 2,937 2,481
Deferred income taxes 1,269 1,339
Other current assets 1,188 628
Total current assets 13,855 14,094
Property, plant, and equipment, net 4,675 4,611
Goodwill 10,370 [1] 10,148 [1]
Deferred income taxes 4,809 4,388
Other noncurrent assets 4,948 4,667
Total assets 38,657 [2] 37,908 [2]
Current liabilities    
Accounts payable 2,038 2,269
Customer advances and amounts in excess of costs incurred 6,503 6,399
Salaries, benefits, and payroll taxes 1,649 1,664
Current portion of long-term debt 150  
Other current liabilities 1,815 1,798
Total current liabilities 12,155 12,130
Long-term debt, net 6,158 6,460
Accrued pension liabilities 15,278 13,502
Other postretirement benefit liabilities 1,220 1,274
Other noncurrent liabilities 3,807 3,541
Total liabilities 38,618 36,907
Stockholders' equity    
Common stock, $1 par value per share 321 321
Additional paid-in capital      
Retained earnings 13,211 11,937
Accumulated other comprehensive loss (13,493) (11,257)
Total stockholders' equity 39 1,001
Total liabilities and stockholders' equity $ 38,657 $ 37,908
[1] During 2012, the increase in goodwill primarily was due to the acquisitions of Chandler/May, CDL, and Procerus at our MST business segment (Note 14). During 2011, goodwill increased $543 million primarily due to the acquisitions of QTC at our IS&GS business segment and Sim-Industries at our MST business segment (Note 14). As a result of the previously discussed reorganization, the goodwill related to the former Electronic Systems business segment was reassigned on a relative fair value basis to the MFC, MST, and Space Systems business segments.
[2] We have no significant long-lived assets located in foreign countries.