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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 1,437 $ 1,408
Receivables, net 2,015 2,083
Inventories, net 3,003 3,325
Costs in excess of billings 495 665
Prepaid and other current assets 267 395
Total current assets 7,217 7,876
Property, plant and equipment, net 3,002 3,150
Deferred income taxes 13 86
Goodwill 6,227 6,067
Intangibles, net 3,301 3,530
Investment in unconsolidated affiliates 309 307
Other assets 137 124
Total assets 20,206 21,140
Current liabilities:    
Accounts payable 510 414
Accrued liabilities 1,478 1,568
Billings in excess of costs 279 440
Current portion of long-term debt and short-term borrowings 6 506
Accrued income taxes 81 119
Total current liabilities 2,354 3,047
Long-term debt 2,706 2,708
Deferred income taxes 677 1,064
Other liabilities 309 318
Total liabilities 6,046 7,137
Commitments and contingencies
Stockholders' equity:    
Common stock - par value $.01; 1 billion shares authorized; 380,104,970 and 378,637,403 shares issued and outstanding at December 31, 2017 and December 31, 2016 4 4
Additional paid-in capital 8,234 8,103
Accumulated other comprehensive loss (1,110) (1,452)
Retained earnings 6,966 7,285
Total Company stockholders' equity 14,094 13,940
Noncontrolling interests 66 63
Total stockholders' equity 14,160 14,003
Total liabilities and stockholders' equity $ 20,206 $ 21,140