v3.25.2

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 29, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 1,293	$ 2,483
Receivables, net	3,306	2,351
Contract assets	14,896	12,957
Inventories	3,699	3,474
Other current assets	794	584
Total current assets	23,988	21,849
Property, plant and equipment, net	8,670	8,726
Goodwill	11,309	11,067
Intangible assets, net	2,013	2,015
Deferred income taxes	4,070	3,557
Other noncurrent assets	8,820	8,403
Total assets	58,870	55,617
Current liabilities
Accounts payable	3,653	2,222
Salaries, benefits and payroll taxes	2,761	3,125
Contract liabilities	9,861	9,795
Current maturities of long-term debt and commercial paper	3,118	643
Other current liabilities	4,961	3,635
Total current liabilities	24,354	19,420
Long-term debt, net	18,520	19,627
Accrued pension liabilities	4,838	4,791
Other noncurrent liabilities	5,824	5,446
Total liabilities	53,536	49,284
Stockholders’ equity
Common stock, $1 par value per share	232	234
Additional paid-in capital	0	0
Retained earnings	13,259	14,551
Accumulated other comprehensive loss	(8,157)	(8,452)
Total stockholders’ equity	5,334	6,333
Total liabilities and equity	$ 58,870	$ 55,617

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

LOCKHEED MARTIN CORP 10-Q