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CONDENSED CONSOLIDATINGBALANCE SHEET
General Dynamics Annual Report • 201062
Guarantorsona OtherSubsidiaries Consolidating Total
December31,2010ParentCombinedBasisonaCombinedBasisAdjustments Consolidated
ASSETS
Current assets:
Cash and equivalents $1,608 $– $1,005 $– $2,613
Accounts receivable–1,538 2,310–3,848
Contracts in process 263 3,205 1,405 –4,873
Inventories
Work in process –1,090 34–1,124
Rawmaterials–808 157–965
Finishedgoods–36 33 –69
Other currentassets 143147 404–694
Total currentassets 2,014 6,8245,348–14,186
Noncurrent assets:
Property,plantand equipment147 4,6871,125 –5,959
Accumulateddepreciationof PP&E(42) (2,448) (498) –(2,988)
Intangibleassets –1,6641,623 –3,287
Accumulatedamortizationofintangibleassets –(920) (375) –(1,295)
Goodwill – 8,322 4,327–12,649
Otherassets 183 172392 – 747
Investmentin subsidiaries 30,580 ––(30,580) –
Total noncurrentassets 30,868 11,477 6,594(30,580) 18,359
Total assets $32,882 $18,301$11,942$(30,580) $32,545
LIABILITIES ANDSHAREHOLDERS' EQUITY
Current liabilities:
Short-term debt$749$21$3$– $773
Customer advances and deposits –2,182 2,283 –4,465
Othercurrentliabilities 596 3,3971,946–5,939
Total currentliabilities 1,345 5,600 4,232 –11,177
Noncurrent liabilities:
Long-term debt 2,396 29 5 –2,430
Other liabilities 2,774 2,242 606 –5,622
Total noncurrentliabilities 5,170 2,271 611 – 8,052
Intercompany 13,051(13,626) 575––
Shareholders' equity:
Commonstock,including surplus2,211 6,786 2,360 (9,146) 2,211
Retainedearnings17,07618,1753,097(21,272) 17,076
Treasury stock (4,535) –––(4,535)
Accumulatedothercomprehensiveloss (1,436) (905) 1,067(162) (1,436)
Total shareholders'equity13,31624,056 6,524(30,580) 13,316
Total liabilities and shareholders'equity$32,882 $18,301$11,942$(30,580) $32,545