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CONDENSED COMBINED BALANCE SHEET - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 768 $ 952
Accounts receivable, net (Note 5 and Note 6) 2,674 2,726
Contract assets, current 651 622
Inventories, net 1,556 1,332
Other assets, current 319 327
Total current assets 5,968 5,959
Future income tax benefits 454 500
Fixed assets, net 1,638 1,663
Operating lease right-of-use assets 865 832
Intangible assets, net 1,014 1,083
Goodwill 9,648 9,884
Pension and post-retirement assets 473 490
Equity method investments 1,664 1,739
Other assets 277 256
Total Assets 22,001 22,406
Current liabilities:    
Accounts payable (Note 5) 1,776 1,701
Accrued liabilities 1,972 2,088
Contract liabilities, current 485 443
Current portion of long-term debt 218 237
Total current liabilities 4,451 4,469
Long-term debt 11,029 82
Future pension and post-retirement obligations 456 456
Future income tax obligations 1,161 1,099
Operating lease liabilities 708 682
Other long-term liabilities 1,170 1,183
Total Liabilities 18,975 7,971
Commitments and contingent liabilities (Note 17)
UTC Net investment    
UTC Net investment 4,433 15,355
Accumulated other comprehensive loss (1,736) (1,253)
Total UTC Net investment 2,697 14,102
Non-controlling interest 329 333
Total Equity 3,026 14,435
Total Liabilities and Equity $ 22,001 $ 22,406