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 3 516 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. 52