Consolidated Balance Sheet - USD ($) shares in Thousands, $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 5,578	$ 6,587
Accounts receivable, net	10,976	10,838
Contract assets	14,570	12,139
Inventory, net	12,768	11,777
Other assets, current	7,241	7,076
Total Current Assets	51,133	48,417
Customer financing assets	2,246	2,392
Fixed assets, net	16,089	15,748
Operating lease right-of-use assets	1,864	1,638
Goodwill	52,789	53,699
Intangible assets, net	33,443	35,399
Other assets	5,297	4,576
Total assets	162,861	161,869
Liabilities, Redeemable Noncontrolling Interest, and Equity
Short-term borrowings	183	189
Accounts payable	12,897	10,698
Accrued employee compensation	2,620	2,491
Other accrued liabilities	14,831	14,917
Contract liabilities	18,616	17,183
Long-term debt currently due	2,352	1,283
Total current liabilities	51,499	46,761
Long-term debt	38,726	42,355
Operating lease liabilities, non-current	1,632	1,412
Future pension and postretirement benefit obligations	2,104	2,385
Other long-term liabilities	6,942	7,511
Total liabilities	100,903	100,424
Commitments and contingencies (Note 17)
Redeemable noncontrolling interest	35	35
Capital Stock:
Preferred stock, $1 par value; 250,000 shares authorized; None issued or outstanding	$ 0	$ 0
Preferred Stock, par value	$ 1	$ 1
Preferred Stock. shares authorized	250,000	250,000
Preferred Stock, Shares Outstanding	0	0
Preferred Stock, Shares Issued	0	0
Common stock, $1 par value; 4,000,000 shares authorized; 1,718,756 and 1,712,717 shares issued	$ 37,434	$ 37,055
Common Stock, par value	$ 1	$ 1
Common Stock, shares authorized	4,000,000	4,000,000
Common Stock, Shares, Issued	1,718,756	1,712,717
Treasury stock, 386,633 and 385,810 common shares at average cost	$ (27,112)	$ (26,977)
Treasury Stock, shares	386,633	385,810
Retained earnings	$ 53,589	$ 52,154
Unearned ESOP shares	0	(15)
Accumulated other comprehensive loss	(3,755)	(2,419)
Total shareowners’ equity	60,156	59,798
Noncontrolling interest	1,767	1,612
Total equity	61,923	61,410
Total liabilities, redeemable noncontrolling interest, and equity	$ 162,861	$ 161,869

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- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).