Assets held for sale

  
HUNTINGTON INGALLS INDUSTRIES, INC.CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | December 31 |
| ($ in millions) |  | 2021 |  | 2020 |
| Assets |  |  |  |  |
| Current Assets |  |  |  |  |
| Cash and cash equivalents |  | $ | 627  |  |  | $ | 512  |  |
| Accounts receivable, net of allowance for doubtful accounts of $9 million as of 2021 and $2 million as of 2020 |  | 433  |  |  | 397  |  |
| Contract assets |  | 1,310  |  |  | 1,049  |  |
| Inventoried costs, net |  | 161  |  |  | 137  |  |
| Income taxes receivable |  | 209  |  |  | 171  |  |
| Assets held for sale |  | —  |  |  | 133  |  |
|  |  |  |  |  |
| Prepaid expenses and other current assets |  | 50  |  |  | 45  |  |
| Total current assets |  | 2,790  |  |  | 2,444  |  |
| Property, Plant, and Equipment |  |  |  |  |
| Land and land improvements |  | 329  |  |  | 309  |  |
| Buildings and leasehold improvements |  | 2,643  |  |  | 2,442  |  |
| Machinery and other equipment |  | 2,058  |  |  | 2,017  |  |
| Capitalized software costs |  | 226  |  |  | 234  |  |
|  |  | 5,256  |  |  | 5,002  |  |
| Accumulated depreciation and amortization |  | (2,149) |  |  | (2,024) |  |
| Property, plant, and equipment, net |  | 3,107  |  |  | 2,978  |  |
| Other Assets |  |  |  |  |
| Operating lease assets |  | 241  |  |  | 192  |  |
| Goodwill |  | 2,628  |  |  | 1,617  |  |
| Other intangible assets, net of accumulated amortization of $741 million as of 2021 and $655 million as of 2020 |  | 1,159  |  |  | 512  |  |
| Pension plan assets |  | 281  |  |  | —  |  |
| Long-term deferred tax assets |  | —  |  |  | 133  |  |
| Miscellaneous other assets |  | 421  |  |  | 281  |  |
| Total other assets |  | 4,730  |  |  | 2,735  |  |
| Total assets |  | $ | 10,627  |  |  | $ | 8,157  |  |

The accompanying notes are an integral part of these consolidated financial statements.  
  
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