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CONDENSED CONSOLIDATINGBALANCE SHEET
General Dynamics Annual Report • 201061
Guarantorsona OtherSubsidiaries Consolidating Total
December31, 2009 ParentCombinedBasisonaCombinedBasisAdjustments Consolidated
ASSETS
Current assets:
Cash and equivalents $1,406 $– $857$– $2,263
Accounts receivable–1,413 2,265 –3,678
Contracts in process 299 3,0751,075–4,449
Inventories
Rawmaterials–909 220 –1,129
Work in process –896 11 – 907
Pre-owned aircraft–60 ––60
Finishedgoods–33 (3) –30
Other currentassets 102 142489 –733
Total currentassets 1,8076,528 4,914 – 13,249
Noncurrent assets:
Property,plantand equipment1404,4481,089 –5,677
Accumulateddepreciationof PP&E(37) (2,274)(454)–(2,765)
Intangibleassets –1,6401,531–3,171
Accumulatedamortizationofintangibleassets –(806) (267)–(1,073)
Goodwill – 8,230 4,039 –12,269
Otherassets 35 163 351–549
Investmentin subsidiaries 27,246––(27,246) –
Total noncurrentassets 27,38411,4016,289 (27,246) 17,828
Total assets $29,191$17,929 $11,203 $(27,246) $31,077
LIABILITIES ANDSHAREHOLDERS' EQUITY
Current liabilities:
Short-term debt$700 $2$3$– $705
Customer advances and deposits –1,674 2,639 –4,313
Other currentliabilities 403 3,336 1,614 – 5,353
Total currentliabilities 1,103 5,0124,256 –10,371
Noncurrent liabilities:
Long-term debt3,1439 7–3,159
Other liabilities 2,371 2,089 664–5,124
Total noncurrentliabilities 5,514 2,098 671 – 8,283
Intercompany 10,151(10,815) 664– –
Shareholders' equity:
Commonstock,including surplus 2,000 6,773 2,244 (9,017) 2,000
Retainedearnings15,093 15,523 2,677 (18,200) 15,093
Treasury stock (3,463) –––(3,463)
Accumulatedothercomprehensiveloss (1,207) (662) 691(29) (1,207)
Total shareholders'equity12,423 21,6345,612(27,246) 12,423
Total liabilities and shareholders'equity$29,191$17,929 $11,203 $(27,246) $31,077