Common stock, par value

  
HUNTINGTON INGALLS INDUSTRIES, INC.CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - CONTINUED

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | December 31 |
| ($ in millions) |  | 2021 |  | 2020 |
| Liabilities and Stockholders' Equity |  |  |  |  |
| Current Liabilities |  |  |  |  |
| Trade accounts payable |  | $ | 603  |  |  | $ | 460  |  |
| Accrued employees’ compensation |  | 361  |  |  | 293  |  |
|  |  |  |  |  |
| Current portion of postretirement plan liabilities |  | 137  |  |  | 133  |  |
| Current portion of workers’ compensation liabilities |  | 252  |  |  | 225  |  |
| Contract liabilities |  | 651  |  |  | 585  |  |
| Liabilities held for sale |  | —  |  |  | 68  |  |
|  |  |  |  |  |
| Other current liabilities |  | 423  |  |  | 462  |  |
| Total current liabilities |  | 2,427  |  |  | 2,226  |  |
| Long-term debt |  | 3,298  |  |  | 1,686  |  |
| Pension plan liabilities |  | 351  |  |  | 960  |  |
| Other postretirement plan liabilities |  | 368  |  |  | 401  |  |
| Workers’ compensation liabilities |  | 506  |  |  | 511  |  |
| Long-term operating lease liabilities |  | 194  |  |  | 157  |  |
| Deferred tax liabilities |  | 313  |  |  | —  |  |
| Other long-term liabilities |  | 362  |  |  | 315  |  |
| Total liabilities |  | 7,819  |  |  | 6,256  |  |
| Commitments and Contingencies (Note 16) |  |  |  |  |
| Stockholders’ Equity |  |  |  |  |
| Common stock, $0.01 par value; 150 million shares authorized; 53.4 million issued and 40.0 million outstanding as of December 31, 2021, and 53.3 million issued and 40.5 million outstanding as of December 31, 2020 |  | 1  |  |  | 1  |  |
| Additional paid-in capital |  | 1,998  |  |  | 1,972  |  |
| Retained earnings |  | 3,891  |  |  | 3,533  |  |
| Treasury stock |  | (2,159) |  |  | (2,058) |  |
| Accumulated other comprehensive loss |  | (923) |  |  | (1,547) |  |
| Total stockholders’ equity |  | 2,808  |  |  | 1,901  |  |
| Total liabilities and stockholders’ equity |  | $ | 10,627  |  |  | $ | 8,157  |  |

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