Lockheed Martin 2011 Annual Report Download - page 60

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Lockheed Martin Corporation
Consolidated Balance Sheets
December 31,
(In millions, except per share data) 2011 2010
Assets
Current assets
Cash and cash equivalents $ 3,582 $ 2,261
Short-term investments 3516
Receivables, net 6,064 5,692
Inventories, net 2,481 2,363
Deferred income taxes 1,339 1,147
Other current assets 625 518
Assets of discontinued operation held for sale —396
Total current assets 14,094 12,893
Property, plant and equipment, net 4,611 4,554
Goodwill 10,148 9,605
Deferred income taxes 4,388 3,485
Other assets 4,667 4,576
Total assets $ 37,908 $35,113
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable $ 2,269 $ 1,627
Customer advances and amounts in excess of costs incurred 6,399 5,890
Salaries, benefits and payroll taxes 1,664 1,870
Other current liabilities 1,798 1,810
Liabilities of discontinued operation held for sale —204
Total current liabilities 12,130 11,401
Long-term debt, net 6,460 5,019
Accrued pension liabilities 13,502 10,607
Other postretirement benefit liabilities 1,274 1,213
Other liabilities 3,541 3,376
Total liabilities 36,907 31,616
Stockholders’ equity
Common stock, $1 par value per share 321 346
Additional paid-in capital ——
Retained earnings 11,937 12,161
Accumulated other comprehensive loss (11,257) (9,010)
Total stockholders’ equity 1,001 3,497
Total liabilities and stockholders’ equity $ 37,908 $35,113
See accompanying Notes to Consolidated Financial Statements.
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