v3.19.3

Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 29, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 2,646,000,000	$ 3,608,000,000
Receivables, net	1,473,000,000	1,648,000,000
Contract assets	6,498,000,000	5,594,000,000
Inventories	802,000,000	758,000,000
Prepaid expenses and other current assets	610,000,000	529,000,000
Total current assets	12,029,000,000	12,137,000,000
Property, plant and equipment, net	3,103,000,000	2,840,000,000
Operating lease right-of-use assets	855,000,000	805,000,000
Goodwill	14,881,000,000	14,864,000,000
Other assets, net	1,949,000,000	2,024,000,000
Total assets	32,817,000,000	32,670,000,000
Current liabilities
Commercial paper and current portion of long-term debt	500,000,000	300,000,000
Contract liabilities	2,977,000,000	3,309,000,000
Accounts payable	1,470,000,000	1,964,000,000
Accrued employee compensation	1,445,000,000	1,509,000,000
Other current liabilities	1,423,000,000	1,381,000,000
Total current liabilities	7,815,000,000	8,463,000,000
Accrued retiree benefits and other long-term liabilities	6,642,000,000	6,922,000,000
Long-term debt	4,258,000,000	4,755,000,000
Operating lease liabilities	692,000,000	647,000,000
Commitments and contingencies (Note 13)
Redeemable noncontrolling interests	428,000,000	411,000,000
Raytheon Company stockholders’ equity
Common stock, par value, $0.01 per share, 1,450 shares authorized, 278 and 282 shares outstanding at September 29, 2019 and December 31, 2018, respectively	3,000,000	3,000,000
Additional paid-in capital	34,000,000	0
Accumulated other comprehensive loss	(8,042,000,000)	(8,618,000,000)
Retained earnings	20,987,000,000	20,087,000,000
Total Raytheon Company stockholders’ equity	12,982,000,000	11,472,000,000
Noncontrolling interests in subsidiaries	0	0
Total equity	12,982,000,000	11,472,000,000
Total liabilities, redeemable noncontrolling interests and equity	$ 32,817,000,000	$ 32,670,000,000

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).

RAYTHEON CO/ 10-Q