v3.26.1
Condensed Consolidated Statements of Financial Position - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 7,239 $ 10,921
Short-term and other investments 12,783 18,479
Accounts receivable, net 3,515 2,921
Unbilled receivables, net 9,660 9,158
Inventories 88,388 84,679
Other current assets, net 3,045 2,301
Total current assets 124,630 128,459
Financing receivables and operating lease equipment, net 365 241
Property, plant and equipment, net of accumulated depreciation of $24,318 and $23,613 16,321 15,361
Goodwill 17,554 17,275
Acquired intangible assets, net 1,531 1,567
Deferred income taxes 152 107
Investments 1,117 1,048
Other assets, net of accumulated amortization of $1,138 and $1,014 4,200 4,177
Total assets 165,870 168,235
Liabilities and equity    
Accounts payable 14,346 13,109
Accrued liabilities 26,593 27,141
Advances and progress billings 64,059 59,404
Short-term debt and current portion of long-term debt 4,565 8,461
Total current liabilities 109,563 108,115
Deferred income taxes 260 216
Accrued retiree health care 2,027 2,091
Accrued pension plan liability, net 4,108 4,287
Other long-term liabilities 2,462 2,432
Long-term debt 41,335 45,637
Total liabilities 159,755 162,778
Shareholders’ equity:    
Common stock, par value $5.00 – 1,200,000,000 shares authorized; 1,012,261,159 shares issued 5,061 5,061
Additional paid-in capital 21,949 21,441
Treasury stock, at cost – 222,468,625 and 227,562,887 shares (27,416) (28,029)
Retained earnings 16,632 17,252
Accumulated other comprehensive loss (10,132) (10,277)
Total shareholders' equity 6,100 5,454
Noncontrolling interests 15 3
Total equity 6,115 5,457
Total liabilities and equity 165,870 168,235
Mandatory convertible preferred stock    
Shareholders’ equity:    
Mandatory convertible preferred stock, 6.00% Series A, par value $1.00 – 20,000,000 shares authorized; 5,750,000 shares issued; aggregate liquidation preference $5,750 $ 6 $ 6