Northrop Grumman Corporation(NYSE:NOC) 
Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. The Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraf...
Website: http://www.northropgrumman.com
Founded: 1994
Full Time Employees: 90,000
Sector: Industrials
Industry: Aerospace & Defense
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At a glance:
- Defense Prime With Diverse Mission Portfolio: Northrop Grumman is a major U.S. defense contractor with meaningful exposure to space systems, aeronautics, mission/IT solutions, and defense electronics, providing diversification across programs and end-markets.
- Backlog and Long-Duration Programs Support Revenue Visibility: A large backlog and multi-year contract structures tend to provide strong forward revenue visibility, though timing of awards, options, and program milestones can drive quarter-to-quarter variability.
- U.S. Government Budget and Policy Remain Key Demand Drivers: Results are highly influenced by U.S. defense and intelligence spending priorities, continuing resolutions, and geopolitical developments that can shift funding toward or away from specific mission areas.
- Program Execution and Cost Performance Are Central Risks: Margin performance depends on execution across complex development and production programs, with potential impacts from supply chain constraints, inflationary pressures, and contract type (fixed-price vs. cost-plus).
- Capital Allocation Focused on Shareholder Returns and Investment: The company typically balances funding for R&D and capacity needs with shareholder returns (dividends and share repurchases), while monitoring leverage and cash flow generation to maintain financial flexibility.
Bull Thesis:
- Robust Backlog and Strategic Programs: Northrop Grumman boasts a substantial and growing backlog, driven by critical, long-term programs like the B-21 Raider stealth bomber and the Sentinel (GBSD) intercontinental ballistic missile system. These programs provide significant revenue visibility and stability for decades, ensuring a steady stream of future earnings.
- Favorable Geopolitical Environment & Increased Defense Spending: Escalating global tensions and conflicts (e.g., Ukraine, Middle East, Indo-Pacific) are driving increased defense budgets across the U.S. and its allies. As a prime contractor for advanced defense systems, Northrop Grumman is a direct beneficiary of this trend, securing more contracts and funding for its cutting-edge technologies.
- Technological Leadership in Key Growth Areas: The company holds a leading position in high-growth defense sectors such as space systems, cybersecurity, advanced sensors, and autonomous platforms. Its continuous innovation and investment in these areas ensure relevance and competitiveness for future defense requirements, positioning it for long-term growth.
- Consistent Cash Flow Generation & Shareholder Returns: Northrop Grumman has a strong track record of generating significant free cash flow, which it consistently returns to shareholders through a combination of growing dividends and robust share repurchase programs. This commitment to capital allocation enhances investor value and signals financial strength.
Bear Thesis:
- High Dependence on Government Spending & Political Risk: A significant portion of Northrop Grumman's revenue is derived from U.S. government contracts, making it vulnerable to shifts in defense priorities, budget cuts, or changes in political administrations that could impact funding for key programs. Any significant reduction in defense spending could severely affect its top and bottom lines.
- Program Execution Risks & Cost Overruns: Large, complex defense programs are inherently susceptible to technical challenges, schedule delays, and cost overruns. Issues with major programs like Sentinel, which has already seen some cost increases, could lead to reduced profitability, reputational damage, and potential penalties, impacting investor confidence.
- Supply Chain Vulnerabilities & Inflationary Pressures: The company faces ongoing risks from global supply chain disruptions, component shortages, and inflationary pressures on raw materials and labor. These factors can increase production costs and impact delivery schedules, potentially compressing profit margins and delaying revenue recognition.
- Intense Competition & Margin Pressure: The defense industry is highly competitive, with major players vying for lucrative contracts. This intense competition can lead to aggressive bidding, potentially putting pressure on profit margins, especially for new contract wins or renewals, as companies compete on price and capabilities.
Main Competitors:
- Lockheed Martin Corporation ($LMT) (F-35 Lightning II), A direct and primary competitor across nearly all of Northrop Grumman's segments, including advanced aircraft (manned and unmanned), missile defense systems (e.g., THAAD), space systems (satellites, deep space exploration), and C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance) solutions. They frequently bid on the same large government contracts.
- RTX Corporation ($RTX) (Patriot Missile System), Competes heavily in missile systems (e.g., AMRAAM, Tomahawk), advanced sensors, radars, electronic warfare systems, and C4ISR. Through its Pratt & Whitney division, it also competes in aerospace propulsion, supplying engines for many military aircraft, including those that might compete with or integrate Northrop Grumman's airframes or systems.
- The Boeing Company ($BA) (F-15 Eagle / F/A-18 Super Hornet), A major competitor in military aircraft (fighters, bombers, tankers, surveillance platforms), rotorcraft, satellites, and missile defense systems. While Boeing also has a large commercial aviation business, its Defense, Space & Security division directly rivals Northrop Grumman for significant government aerospace and space contracts.
- General Dynamics Corporation ($GD) (Virginia-class Submarine), While General Dynamics' core strengths are in naval systems (submarines, destroyers) and land systems (armored vehicles), it competes with Northrop Grumman in areas like C4ISR, IT solutions, and advanced technology integration for defense platforms. Both companies vie for government contracts requiring complex systems engineering and integration.
Moat:
Northrop Grumman operates within a highly specialized and capital-intensive defense industry, characterized by significant barriers to entry. Its competitive moat is built upon deep expertise in advanced technology (stealth, cyber, space systems, autonomous platforms), long-standing relationships with government clients, proprietary intellectual property, and the ability to act as a prime systems integrator for complex national security programs. Competition is intense among a small group of large, established defense contractors, primarily for multi-billion dollar government contracts. These competitors often vie for the same programs based on technological superiority, reliability, cost-effectiveness, and the ability to meet stringent government requirements, rather than traditional consumer market competition.
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
sales | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
product | 7,958,000,000 | 9,593,000,000 | 8,369,000,000 | 8,258,000,000 | 7,521,000,000 | 8,609,000,000 | 7,939,000,000 | 8,076,000,000 | 8,102,000,000 | 8,507,000,000 | 7,678,000,000 | 7,441,000,000 | 7,271,000,000 | 7,923,000,000 | 6,979,000,000 | 6,779,000,000 | 6,841,000,000 | 6,808,000,000 | 6,845,000,000 | 7,193,000,000 | 7,022,000,000 | 7,690,000,000 | 6,667,000,000 | 6,482,000,000 | 6,176,000,000 | 6,247,000,000 | 5,997,000,000 | 5,880,000,000 | 5,728,000,000 | 5,776,000,000 | 5,614,000,000 | 4,790,000,000 | 4,289,000,000 | 4,153,000,000 | 4,135,000,000 | 3,916,000,000 | 3,834,000,000 | 3,979,000,000 | 3,721,000,000 | 3,560,000,000 | 3,478,000,000 | 3,413,000,000 | 3,615,000,000 | 3,509,000,000 | 3,429,000,000 | 3,549,000,000 | 3,494,000,000 | 3,564,000,000 | 3,408,000,000 | 3,689,000,000 | 3,330,000,000 | 3,593,000,000 | 3,421,000,000 | 3,611,000,000 | 3,487,000,000 | 3,399,000,000 | 3,341,000,000 | |||||||||||||||||
service | 1,923,000,000 | 2,119,000,000 | 2,054,000,000 | 2,093,000,000 | 1,947,000,000 | 2,077,000,000 | 2,057,000,000 | 2,142,000,000 | 2,031,000,000 | 2,131,000,000 | 2,097,000,000 | 2,135,000,000 | 2,030,000,000 | 2,110,000,000 | 1,992,000,000 | 2,022,000,000 | 1,956,000,000 | 1,831,000,000 | 1,875,000,000 | 1,958,000,000 | 2,135,000,000 | 2,522,000,000 | 2,416,000,000 | 2,402,000,000 | 2,444,000,000 | 2,474,000,000 | 2,478,000,000 | 2,576,000,000 | 2,461,000,000 | 2,380,000,000 | 2,471,000,000 | 2,329,000,000 | 2,446,000,000 | 2,481,000,000 | 2,392,000,000 | 2,459,000,000 | 2,433,000,000 | 2,418,000,000 | 2,434,000,000 | 2,440,000,000 | 2,478,000,000 | 2,281,000,000 | 2,364,000,000 | 2,387,000,000 | 2,528,000,000 | 2,559,000,000 | 2,490,000,000 | 2,475,000,000 | 2,440,000,000 | 2,468,000,000 | 2,776,000,000 | 2,701,000,000 | 2,683,000,000 | 2,865,000,000 | 2,783,000,000 | 2,875,000,000 | 2,857,000,000 | |||||||||||||||||
total sales | 9,881,000,000 | 11,712,000,000 | 10,423,000,000 | 10,351,000,000 | 9,468,000,000 | 10,686,000,000 | 9,996,000,000 | 10,218,000,000 | 10,133,000,000 | 10,638,000,000 | 9,775,000,000 | 9,576,000,000 | 9,301,000,000 | 10,033,000,000 | 8,971,000,000 | 8,801,000,000 | 8,797,000,000 | 8,639,000,000 | 8,720,000,000 | 9,151,000,000 | 9,157,000,000 | 10,212,000,000 | 9,083,000,000 | 8,884,000,000 | 8,620,000,000 | 8,721,000,000 | 8,475,000,000 | 8,456,000,000 | 8,189,000,000 | 8,156,000,000 | 8,085,000,000 | 7,119,000,000 | 6,735,000,000 | 6,634,000,000 | 6,527,000,000 | 6,375,000,000 | 6,267,000,000 | 6,397,000,000 | 6,155,000,000 | 6,000,000,000 | 5,956,000,000 | 5,694,000,000 | 5,979,000,000 | 5,896,000,000 | 5,957,000,000 | 6,108,000,000 | 5,984,000,000 | 6,039,000,000 | 5,848,000,000 | 6,157,000,000 | 6,106,000,000 | 6,294,000,000 | 6,104,000,000 | 6,476,000,000 | 6,270,000,000 | 6,274,000,000 | 6,198,000,000 | |||||||||||||||||
yoy | 4.36% | 9.60% | 4.27% | 1.30% | -6.56% | 0.45% | 2.26% | 6.70% | 8.95% | 6.03% | 8.96% | 8.81% | 5.73% | 16.14% | 2.88% | -3.82% | -3.93% | -15.40% | -4.00% | 3.01% | 6.23% | 17.10% | 7.17% | 5.06% | 5.26% | 6.93% | 4.82% | 18.78% | 21.59% | 22.94% | 23.87% | 11.67% | 7.47% | 3.70% | 6.04% | 6.25% | 5.22% | 12.35% | 2.94% | 1.76% | -0.02% | -6.78% | -0.08% | -2.37% | 1.86% | -0.80% | -2.00% | -4.05% | -4.19% | -4.93% | -2.62% | 0.32% | -1.52% | |||||||||||||||||||||
qoq | -15.63% | 12.37% | 0.70% | 9.33% | -11.40% | 6.90% | -2.17% | 0.84% | -4.75% | 8.83% | 2.08% | 2.96% | -7.30% | 11.84% | 1.93% | 0.05% | 1.83% | -0.93% | -4.71% | -0.07% | -10.33% | 12.43% | 2.24% | 3.06% | -1.16% | 2.90% | 0.22% | 3.26% | 0.40% | 0.88% | 13.57% | 5.70% | 1.52% | 1.64% | 2.38% | 1.72% | -2.03% | 3.93% | 2.58% | 0.74% | 4.60% | -4.77% | 1.41% | -1.02% | -2.47% | 2.07% | -0.91% | 3.27% | -5.02% | 0.84% | -2.99% | 3.11% | -5.74% | 3.29% | -0.06% | 1.23% | ||||||||||||||||||
operating costs and expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative expenses | 971,000,000 | 1,025,000,000 | 985,000,000 | 1,016,000,000 | 1,007,000,000 | 843,000,000 | 986,000,000 | 1,101,000,000 | 1,062,000,000 | 878,000,000 | 1,025,000,000 | 1,073,000,000 | 1,038,000,000 | 918,000,000 | 974,000,000 | 1,005,000,000 | 976,000,000 | 809,000,000 | 891,000,000 | 999,000,000 | 898,000,000 | 938,000,000 | 855,000,000 | 832,000,000 | 788,000,000 | 970,000,000 | 776,000,000 | 784,000,000 | 760,000,000 | 744,000,000 | 817,000,000 | 739,000,000 | 711,000,000 | 646,000,000 | 666,000,000 | 666,000,000 | 677,000,000 | 646,000,000 | 662,000,000 | 620,000,000 | 656,000,000 | 627,000,000 | 663,000,000 | 641,000,000 | 635,000,000 | 693,000,000 | 580,000,000 | 590,000,000 | 542,000,000 | 561,000,000 | 555,000,000 | 582,000,000 | 558,000,000 | 737,000,000 | 572,000,000 | 580,000,000 | 561,000,000 | 637,000,000 | 589,000,000 | 556,000,000 | 568,000,000 | 815,000,000 | 725,000,000 | 770,000,000 | 768,000,000 | 851,000,000 | 768,000,000 | 774,000,000 | 749,000,000 | 920,000,000 | 785,000,000 | 797,000,000 | 738,000,000 | |
total operating costs and expenses | 8,892,000,000 | 10,441,000,000 | 9,181,000,000 | 9,157,000,000 | 8,895,000,000 | 9,597,000,000 | 8,876,000,000 | 9,128,000,000 | 9,062,000,000 | 11,031,000,000 | 8,759,000,000 | 8,609,000,000 | 8,354,000,000 | 9,127,000,000 | 8,127,000,000 | 7,847,000,000 | 7,900,000,000 | 7,897,000,000 | 7,677,000,000 | 8,107,000,000 | 8,315,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income | 989,000,000 | 1,271,000,000 | 1,242,000,000 | 1,425,000,000 | 573,000,000 | 1,089,000,000 | 1,120,000,000 | 1,090,000,000 | 1,071,000,000 | -393,000,000 | 1,016,000,000 | 967,000,000 | 947,000,000 | 906,000,000 | 844,000,000 | 954,000,000 | 897,000,000 | 742,000,000 | 1,043,000,000 | 1,044,000,000 | 2,822,000,000 | 1,152,000,000 | 985,000,000 | 994,000,000 | 934,000,000 | 1,136,000,000 | 951,000,000 | 946,000,000 | 936,000,000 | 925,000,000 | 1,178,000,000 | 823,000,000 | 854,000,000 | 767,000,000 | 845,000,000 | 855,000,000 | 832,000,000 | 831,000,000 | 826,000,000 | 797,000,000 | 739,000,000 | 689,000,000 | 794,000,000 | 813,000,000 | 780,000,000 | 762,000,000 | 769,000,000 | 820,000,000 | 845,000,000 | 768,000,000 | 790,000,000 | 806,000,000 | 759,000,000 | 824,000,000 | 736,000,000 | 774,000,000 | 796,000,000 | 799,000,000 | 825,000,000 | 841,000,000 | 811,000,000 | 788,000,000 | 801,000,000 | 716,000,000 | 765,000,000 | 520,000,000 | 655,000,000 | 653,000,000 | 655,000,000 | -2,152,000,000 | 771,000,000 | 806,000,000 | 464,000,000 | |
yoy | 72.60% | 16.71% | 10.89% | 30.73% | -46.50% | -377.10% | 10.24% | 12.72% | 13.09% | -143.38% | 20.38% | 1.36% | 5.57% | 22.10% | -19.08% | -8.62% | -68.21% | -35.59% | 5.89% | 5.03% | 202.14% | 1.41% | 3.58% | 5.07% | -0.21% | 22.81% | -19.27% | 14.95% | 9.60% | 20.60% | 39.41% | -3.74% | 2.64% | -7.70% | 2.30% | 7.28% | 12.58% | 20.61% | 4.03% | -1.97% | -5.26% | -9.58% | 3.25% | -0.85% | -7.69% | -0.78% | -2.66% | 1.74% | 11.33% | -6.80% | 7.34% | 4.13% | -4.65% | 3.13% | -10.79% | -7.97% | -1.85% | 1.40% | 3.00% | 17.46% | 6.01% | 51.54% | 22.29% | 9.65% | 16.79% | -124.16% | -15.05% | -18.98% | 41.16% | |||||
qoq | -22.19% | 2.33% | -12.84% | 148.69% | -47.38% | -2.77% | 2.75% | 1.77% | -372.52% | -138.68% | 5.07% | 2.11% | 4.53% | 7.35% | -11.53% | 6.35% | 20.89% | -28.86% | -0.10% | -63.00% | 144.97% | 16.95% | -0.91% | 6.42% | -17.78% | 19.45% | 0.53% | 1.07% | 1.19% | -21.48% | 43.13% | -3.63% | 11.34% | -9.23% | -1.17% | 2.76% | 0.12% | 0.61% | 3.64% | 7.85% | 7.26% | -13.22% | -2.34% | 4.23% | 2.36% | -0.91% | -6.22% | -2.96% | 10.03% | -2.78% | -1.99% | 6.19% | -7.89% | 11.96% | -4.91% | -2.76% | -0.38% | -3.15% | -1.90% | 3.70% | 2.92% | -1.62% | 11.87% | -6.41% | 47.12% | -20.61% | 0.31% | -0.31% | -130.44% | -379.12% | -4.34% | 73.71% | ||
operating margin % | 10.01% | 10.85% | 11.92% | 13.77% | 6.05% | 10.19% | 11.20% | 10.67% | 10.57% | -3.69% | 10.39% | 10.10% | 10.18% | 9.03% | 9.41% | 10.84% | 10.20% | 8.59% | 11.96% | 11.41% | 30.82% | 11.28% | 10.84% | 11.19% | 10.84% | 13.03% | 11.22% | 11.19% | 11.43% | 11.34% | 14.57% | 11.56% | 12.68% | 11.56% | 12.95% | 13.41% | 13.28% | 12.99% | 13.42% | 13.28% | 12.41% | 12.10% | 13.28% | 13.79% | 13.09% | 12.48% | 12.85% | 13.58% | 14.45% | 12.47% | 12.94% | 12.81% | 12.43% | 12.72% | 11.74% | 12.34% | 12.84% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | |
other income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -162,000,000 | -175,000,000 | -161,000,000 | -173,000,000 | -156,000,000 | -160,000,000 | -161,000,000 | -154,000,000 | -146,000,000 | -128,000,000 | -141,000,000 | -147,000,000 | -129,000,000 | -120,000,000 | -122,000,000 | -131,000,000 | -133,000,000 | -133,000,000 | -132,000,000 | -136,000,000 | -155,000,000 | -160,000,000 | -154,000,000 | -154,000,000 | -125,000,000 | -130,000,000 | -123,000,000 | -137,000,000 | -138,000,000 | -142,000,000 | -133,000,000 | -144,000,000 | -143,000,000 | -136,000,000 | -73,000,000 | -76,000,000 | -75,000,000 | -77,000,000 | -74,000,000 | -74,000,000 | -76,000,000 | -75,000,000 | -75,000,000 | -75,000,000 | -76,000,000 | -74,000,000 | -69,000,000 | -70,000,000 | -69,000,000 | -74,000,000 | -70,000,000 | -60,000,000 | -53,000,000 | -54,000,000 | -53,000,000 | -52,000,000 | -53,000,000 | -53,000,000 | -57,000,000 | -53,000,000 | -58,000,000 | -65,000,000 | -68,000,000 | -68,000,000 | -80,000,000 | -62,000,000 | -76,000,000 | -70,000,000 | -73,000,000 | -72,000,000 | -74,000,000 | -72,000,000 | -77,000,000 | |
non-operating fas pension benefit | 166,000,000 | 138,000,000 | 136,000,000 | 137,000,000 | 130,000,000 | 153,000,000 | 168,000,000 | 167,000,000 | 168,000,000 | 133,000,000 | 132,000,000 | 133,000,000 | 132,000,000 | 376,000,000 | 376,000,000 | 377,000,000 | 376,000,000 | 368,000,000 | 367,000,000 | 367,000,000 | 367,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 37,000,000 | -21,000,000 | 106,000,000 | 38,000,000 | 31,000,000 | 26,000,000 | 61,000,000 | 43,000,000 | 38,000,000 | 53,000,000 | 111,000,000 | 34,000,000 | 48,000,000 | 58,000,000 | -8,000,000 | -50,000,000 | 4,000,000 | 13,000,000 | -3,000,000 | 27,000,000 | -18,000,000 | 56,000,000 | 34,000,000 | 60,000,000 | -58,000,000 | 25,000,000 | 27,000,000 | 19,000,000 | 36,000,000 | -12,000,000 | 57,000,000 | 45,000,000 | 40,000,000 | 53,000,000 | 13,000,000 | 28,000,000 | 16,000,000 | -6,000,000 | 17,000,000 | 7,000,000 | 13,000,000 | 7,000,000 | 10,000,000 | -2,000,000 | 13,000,000 | -6,000,000 | 6,000,000 | 10,000,000 | 13,000,000 | -22,000,000 | 6,000,000 | 17,000,000 | 12,000,000 | 5,000,000 | 13,000,000 | 36,000,000 | -13,000,000 | 5,000,000 | 27,000,000 | 13,000,000 | -10,000,000 | 7,000,000 | 2,000,000 | 41,000,000 | 13,000,000 | 8,000,000 | -34,000,000 | 45,000,000 | 5,000,000 | 15,000,000 | ||||
earnings before income taxes | 1,030,000,000 | 1,740,000,000 | 1,323,000,000 | 1,427,000,000 | 578,000,000 | 1,551,000,000 | 1,188,000,000 | 1,146,000,000 | 1,131,000,000 | -757,000,000 | 1,118,000,000 | 987,000,000 | 998,000,000 | 2,452,000,000 | 1,090,000,000 | 1,150,000,000 | 1,144,000,000 | 3,345,000,000 | 1,275,000,000 | 1,302,000,000 | 3,016,000,000 | 305,000,000 | 1,167,000,000 | 1,203,000,000 | 1,053,000,000 | -569,000,000 | 1,055,000,000 | 1,028,000,000 | 1,034,000,000 | 785,000,000 | 1,237,000,000 | 849,000,000 | 871,000,000 | 684,000,000 | 785,000,000 | 807,000,000 | 773,000,000 | 748,000,000 | 769,000,000 | 730,000,000 | 676,000,000 | 621,000,000 | 729,000,000 | 736,000,000 | 704,000,000 | 701,000,000 | 694,000,000 | 756,000,000 | 786,000,000 | 539,000,000 | 720,000,000 | 724,000,000 | 712,000,000 | |||||||||||||||||||||
federal and foreign income tax expense | 155,000,000 | 313,000,000 | 223,000,000 | 253,000,000 | 97,000,000 | 287,000,000 | 162,000,000 | 206,000,000 | 187,000,000 | -222,000,000 | 181,000,000 | 175,000,000 | 156,000,000 | 372,000,000 | 175,000,000 | 204,000,000 | 189,000,000 | 635,000,000 | 212,000,000 | 265,000,000 | 821,000,000 | -25,000,000 | 181,000,000 | 198,000,000 | 185,000,000 | -160,000,000 | 122,000,000 | 167,000,000 | 171,000,000 | 128,000,000 | 93,000,000 | 160,000,000 | 132,000,000 | 506,000,000 | 140,000,000 | 255,000,000 | 133,000,000 | 223,000,000 | 167,000,000 | 213,000,000 | 120,000,000 | 162,000,000 | 213,000,000 | 205,000,000 | 220,000,000 | 195,000,000 | 221,000,000 | 245,000,000 | 207,000,000 | 229,000,000 | 223,000,000 | 236,000,000 | 223,000,000 | 254,000,000 | 236,000,000 | 247,000,000 | 250,000,000 | 232,000,000 | 235,000,000 | 268,000,000 | -73,000,000 | |||||||||||||
net earnings | 875,000,000 | 1,427,000,000 | 1,100,000,000 | 1,174,000,000 | 481,000,000 | 1,264,000,000 | 1,026,000,000 | 940,000,000 | 944,000,000 | -535,000,000 | 937,000,000 | 812,000,000 | 842,000,000 | 2,080,000,000 | 915,000,000 | 946,000,000 | 955,000,000 | 2,710,000,000 | 1,063,000,000 | 1,037,000,000 | 2,195,000,000 | 330,000,000 | 986,000,000 | 1,005,000,000 | 868,000,000 | -409,000,000 | 933,000,000 | 861,000,000 | 863,000,000 | 657,000,000 | 1,144,000,000 | 689,000,000 | 739,000,000 | 178,000,000 | 645,000,000 | 552,000,000 | 640,000,000 | 525,000,000 | 602,000,000 | 517,000,000 | 556,000,000 | 459,000,000 | 516,000,000 | 531,000,000 | 484,000,000 | 506,000,000 | 473,000,000 | 511,000,000 | 579,000,000 | 478,000,000 | 497,000,000 | 488,000,000 | 489,000,000 | 533,000,000 | 459,000,000 | 480,000,000 | 506,000,000 | 548,000,000 | 520,000,000 | 520,000,000 | 530,000,000 | 376,000,000 | 497,000,000 | 711,000,000 | 469,000,000 | 413,000,000 | 490,000,000 | 394,000,000 | 389,000,000 | -2,533,000,000 | 512,000,000 | 495,000,000 | 264,000,000 | |
yoy | 81.91% | 12.90% | 7.21% | 24.89% | -49.05% | -336.26% | 9.50% | 15.76% | 12.11% | -125.72% | 2.40% | -14.16% | -11.83% | -23.25% | -13.92% | -8.78% | -56.49% | 721.21% | 7.81% | 3.18% | 152.88% | -180.68% | 5.68% | 16.72% | 0.58% | -162.25% | -18.44% | 24.96% | 16.78% | 269.10% | 77.36% | 24.82% | 15.47% | -66.10% | 7.14% | 6.77% | 15.11% | 14.38% | 16.67% | -2.64% | 14.88% | -9.29% | 9.09% | 3.91% | -16.41% | 5.86% | -4.83% | 4.71% | 18.40% | -10.32% | 8.28% | 1.67% | -3.36% | -2.74% | -11.73% | -7.69% | -4.53% | 45.74% | 4.63% | -26.86% | 13.01% | -8.96% | 1.43% | 80.46% | 20.57% | -116.30% | -4.30% | -20.40% | 47.35% | |||||
qoq | -38.68% | 29.73% | -6.30% | 144.07% | -61.95% | 23.20% | 9.15% | -0.42% | -276.45% | -157.10% | 15.39% | -3.56% | -59.52% | 127.32% | -3.28% | -0.94% | -64.76% | 154.94% | 2.51% | -52.76% | 565.15% | -66.53% | -1.89% | 15.78% | -312.22% | -143.84% | 8.36% | -0.23% | 31.35% | -42.57% | 66.04% | -6.77% | 315.17% | -72.40% | 16.85% | -13.75% | 21.90% | -12.79% | 16.44% | -7.01% | 21.13% | -11.05% | -2.82% | 9.71% | -4.35% | 6.98% | -7.44% | -11.74% | 21.13% | -3.82% | 1.84% | -0.20% | -8.26% | 16.12% | -4.37% | -5.14% | -7.66% | 5.38% | 0.00% | -1.89% | 40.96% | -24.35% | -30.10% | 51.60% | 13.56% | -15.71% | 24.37% | 1.29% | -115.36% | -594.73% | 3.43% | 87.50% | ||
net income margin % | 8.86% | 12.18% | 10.55% | 11.34% | 5.08% | 11.83% | 10.26% | 9.20% | 9.32% | -5.03% | 9.59% | 8.48% | 9.05% | 20.73% | 10.20% | 10.75% | 10.86% | 31.37% | 12.19% | 11.33% | 23.97% | 3.23% | 10.86% | 11.31% | 10.07% | -4.69% | 11.01% | 10.18% | 10.54% | 8.06% | 14.15% | 9.68% | 10.97% | 2.68% | 9.88% | 8.66% | 10.21% | 8.21% | 9.78% | 8.62% | 9.34% | 8.06% | 8.63% | 9.01% | 8.12% | 8.28% | 7.90% | 8.46% | 9.90% | 7.76% | 8.14% | 7.75% | 8.01% | 8.23% | 7.32% | 7.65% | 8.16% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | |
basic earnings per share | 6.16 | 9.98 | 7.69 | 8.17 | 3.33 | 8.66 | 7.02 | 6.37 | 6.34 | -3.5 | 6.2 | 5.35 | 5.52 | 13.48 | 5.92 | 6.09 | 6.12 | 17.07 | 6.65 | 6.44 | 13.46 | 1.97 | 5.91 | 6.02 | 5.18 | -2.39 | 5.52 | 5.07 | 5.08 | 3.83 | 6.57 | 3.95 | 4.24 | 1.02 | 3.7 | 3.16 | 3.66 | 2.98 | 3.38 | 2.87 | 3.07 | 2.53 | 2.78 | 2.77 | 2.45 | 2.52 | 2.29 | 2.41 | 2.68 | 2.17 | 2.18 | 2.09 | 2.07 | 2.19 | 1.86 | 1.91 | 2 | 2.1 | 1.89 | 1.84 | 1.82 | 1.29 | 1.69 | 2.37 | 1.55 | 1.33 | 1.55 | 1.22 | 1.19 | -7.54 | 1.53 | 1.46 | 0.78 | |
weighted-average common shares outstanding, in millions | 142.1 | 143.5 | 143.1 | 143.7 | 144.6 | 147 | 146.2 | 147.5 | 148.9 | 151.5 | 151.2 | 151.7 | 152.6 | 154.9 | 154.6 | 155.4 | 156 | 160.3 | 159.8 | 161 | 163.1 | 167.1 | 166.8 | 166.9 | 167.7 | 169.3 | 169.1 | 169.7 | 170 | 173.7 | 174.1 | 174.5 | 174.3 | 174.4 | 174.2 | 174.5 | 174.8 | 178.9 | 178.1 | 180.1 | 181.3 | 189.4 | 185.8 | 191.8 | 197.7 | 208.8 | 206.2 | 212.4 | 216.3 | 229.6 | 228.2 | 234 | 236.4 | 248.6 | 247.2 | 250.8 | 253.1 | 276.8 | 274.9 | 282.6 | 291.8 | 296.9 | 293.5 | 299.6 | 302.5 | 319.2 | 317.1 | 322 | 326.9 | 334.5 | 334.2 | 339 | 338.8 | |
diluted earnings per share | 6.14 | 9.96 | 7.67 | 8.15 | 3.32 | 8.65 | 7 | 6.36 | 6.32 | -3.47 | 6.18 | 5.34 | 5.5 | 13.41 | 5.89 | 6.06 | 6.1 | 16.99 | 6.63 | 6.42 | 13.43 | 1.98 | 5.89 | 6.01 | 5.15 | -2.38 | 5.49 | 5.06 | 5.06 | 3.81 | 6.54 | 3.93 | 4.21 | 1.01 | 3.68 | 3.15 | 3.63 | 2.96 | 3.35 | 2.85 | 3.03 | 2.5 | 2.75 | 2.74 | 2.41 | 2.47 | 2.26 | 2.37 | 2.63 | 2.13 | 2.14 | 2.05 | 2.03 | 2.14 | 1.82 | 1.88 | 1.96 | 2.07 | 1.86 | 1.81 | 1.79 | 1.28 | 1.67 | 2.34 | 1.53 | 1.31 | 1.53 | 1.21 | 1.17 | -7.46 | 1.51 | 1.44 | 0.76 | |
weighted-average diluted shares outstanding, in millions | 142.5 | 143.8 | 143.5 | 144 | 144.9 | 147.3 | 146.5 | 147.7 | 149.3 | 152 | 151.7 | 152.2 | 153.2 | 155.6 | 155.3 | 156 | 156.6 | 160.9 | 160.4 | 161.5 | 163.5 | 167.6 | 167.3 | 167.3 | 168.4 | 170 | 169.9 | 170.3 | 170.7 | 174.6 | 174.9 | 175.4 | 175.4 | 175.6 | 175.3 | 175.5 | 176.1 | 180.5 | 179.6 | 181.5 | 183.4 | 191.6 | 187.9 | 193.7 | 200.5 | 212.1 | 209.2 | 215.2 | 220.4 | 233.9 | 232.6 | 237.5 | 241 | 253.4 | 252.1 | 254.7 | 258 | 281.6 | 279.3 | 287.2 | 296.9 | 301.1 | 297.6 | 303.8 | 306.1 | 323.3 | 320.6 | 325.8 | 332.1 | 334.5 | 340.1 | 344.1 | 349.3 | |
other comprehensive income, net of tax | -5 | -3 | 1 | 18 | 10 | -16 | 10 | -3 | -15 | 19 | 3 | 1 | 2 | 61.75 | 81 | 83 | 83 | 525 | 99 | 99 | 105 | -508 | 94 | 92 | 96 | -221 | 82 | 109 | 66 | -2,478 | 8 | 35 | 63 | 1,559 | 92 | 88 | 64 | -1,453 | 61 | 39 | 56 | -1,314 | -3 | 14 | 46 | 173 | 57 | 15 | 12 | 390 | 73 | 119 | 46 | |||||||||||||||||||||
change in cumulative translation adjustment | -2 | -2 | 2 | 7 | 2 | -4 | 2 | -1 | 1 | 12 | 6 | 3 | 2 | -4 | -2 | -2 | -4 | 4 | -31 | -6 | -9 | -4 | -10 | -15 | 13 | -29 | -35 | -26 | 2 | 6 | 15 | 9 | -16 | 5 | 12 | -15 | 6 | -6 | -25 | 27 | -7 | 18 | -24 | -28 | -13 | 20 | 38 | -14 | ||||||||||||||||||||||||||
change in other | -3 | -1 | -1 | 11 | 8 | -12 | 8 | -2 | -16 | 7 | -3 | -2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income | 870 | 1,424 | 1,101 | 1,192 | 491 | 1,248 | 1,036 | 937 | 929 | -516 | 940 | 813 | 844 | 2,093 | 908 | 933 | 952 | 2,707 | 1,055 | 1,036 | 2,192 | 323 | 982 | 1,004 | 849 | -419 | 921 | 845 | 856 | 336 | 1,225 | 772 | 822 | 703 | 744 | 651 | 745 | 17 | 696 | 609 | 652 | 238 | 598 | 640 | 550 | -1,972 | 481 | 546 | 642 | 2,037 | 589 | 576 | 553 | -920 | 520 | 519 | 562 | -766 | 517 | 534 | 576 | 549 | 554 | 726 | 481 | 803 | 563 | 513 | 435 | |||||
gain on sale of business | 231,000,000 | 1,980,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive loss, net of tax | 13 | -7 | -13 | -3 | -3 | -8 | -1 | -3 | -7 | -4 | -1 | -19 | -10 | -12 | -16 | -7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in unamortized prior service credit | -1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in cumulative translation adjustment and other | 13 | -7 | -13 | -2 | -1 | -6 | 1 | -1 | 3 | 6 | 10 | -9 | -4 | 4 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive loss | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in unamortized prior service credit, net of tax | -1.5 | -2 | -2 | -2 | -7.75 | -10 | -11 | -10 | -8.75 | -12 | -12 | -11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fas (non-service) pension benefit | 291,000,000 | 302,000,000 | 303,000,000 | 302,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net fas (non-service) pension benefit | 669,000,000 | 135,000,000 | 125,000,000 | 120,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in unamortized benefit plan costs, net of tax | 64 | 84 | 86 | 86 | 75 | 99 | 102 | 99 | 75.5 | 101 | 100 | 101 | 72 | 96 | 96 | 96 | 31.75 | 31 | 35 | 61 | 59.25 | 78 | 79 | 80 | 38.5 | 50 | 54 | 50 | 14.25 | 22 | 14 | 21 | 29.5 | 39 | 39 | 40 | 39.75 | 53 | 53 | 53 | ||||||||||||||||||||||||||||||||||
change in unrealized gain on marketable securities and cash flow hedges, net of tax | 0.75 | 3 | -0.25 | -1 | -0.5 | -2 | 28 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in unrealized loss on marketable securities and cash flow hedges, net of tax | -0.25 | -1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings from continuing operations before income taxes | 787,000,000 | 695,000,000 | 727,000,000 | 756,000,000 | 782,000,000 | 755,000,000 | 788,000,000 | 758,000,000 | 519,000,000 | 746,000,000 | 638,000,000 | 692,000,000 | 460,000,000 | 620,000,000 | 596,000,000 | 590,000,000 | -2,258,000,000 | 742,000,000 | 739,000,000 | 409,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings from continuing operations | 533,000,000 | 459,000,000 | 480,000,000 | 506,000,000 | 550,000,000 | 520,000,000 | 520,000,000 | 496,000,000 | 376,000,000 | 489,000,000 | 711,000,000 | 462,000,000 | 303,000,000 | 487,000,000 | 394,000,000 | 389,000,000 | -2,536,000,000 | 509,000,000 | 483,000,000 | 263,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings from discontinued operations, net of tax | -2,000,000 | 34,000,000 | 8,000,000 | 7,000,000 | 110,000,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
continuing operations | 2.19 | 1.86 | 1.91 | 2 | 2.11 | 1.89 | 1.84 | 1.7 | 1.29 | 1.67 | 2.37 | 1.53 | 0.99 | 1.54 | 1.22 | 1.19 | -7.55 | 1.52 | 1.42 | 0.78 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations | -0.01 | 0.12 | 0.02 | 0.02 | 0.34 | 0.01 | 0.01 | 0.01 | 0.04 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales and service revenues | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
product sales | 3,721,000,000 | 3,780,000,000 | 3,709,000,000 | 3,863,000,000 | 5,403,000,000 | 5,303,000,000 | 5,544,000,000 | 5,526,000,000 | 5,942,000,000 | 4,982,000,000 | 5,420,000,000 | 4,570,000,000 | 5,583,000,000 | 4,808,000,000 | 4,849,000,000 | 4,394,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
service revenues | 2,785,000,000 | 2,832,000,000 | 2,851,000,000 | 2,871,000,000 | 3,204,000,000 | 3,411,000,000 | 3,282,000,000 | 3,084,000,000 | 1,810,000,000 | 3,744,000,000 | 3,537,000,000 | 3,750,000,000 | 3,571,000,000 | 3,573,000,000 | 3,779,000,000 | 3,330,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total sales and service revenues | 6,506,000,000 | 6,612,000,000 | 6,560,000,000 | 6,734,000,000 | 8,607,000,000 | 8,714,000,000 | 8,826,000,000 | 8,610,000,000 | 7,752,000,000 | 8,726,000,000 | 8,957,000,000 | 8,320,000,000 | 9,154,000,000 | 8,381,000,000 | 8,628,000,000 | 7,724,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of sales and service revenues | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of product sales | 3,287,000,000 | 2,700,000,000 | 2,662,000,000 | 2,842,000,000 | 4,061,000,000 | 4,096,000,000 | 4,367,000,000 | 4,296,000,000 | 4,584,000,000 | 4,027,000,000 | 4,345,000,000 | 3,635,000,000 | 4,286,000,000 | 3,682,000,000 | 3,793,000,000 | 3,729,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of service revenues | 1,783,000,000 | 2,498,000,000 | 2,501,000,000 | 2,513,000,000 | 2,943,000,000 | 3,092,000,000 | 2,973,000,000 | 2,781,000,000 | 1,797,000,000 | 3,276,000,000 | 3,185,000,000 | 3,281,000,000 | 3,040,000,000 | 3,143,000,000 | 3,232,000,000 | 2,793,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal and foreign income taxes | 262,000,000 | 143,000,000 | 257,000,000 | 230,000,000 | 157,000,000 | 133,000,000 | 202,000,000 | 201,000,000 | 278,000,000 | 233,000,000 | 256,000,000 | 146,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gain on marketable securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and cash flow hedges, net of tax | 8.75 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax | 3,000,000 | 3,000,000 | 12,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in unrealized gain on marketable securities and cash | 7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
flow hedges, net of tax | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | 7,000,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 |
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assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 2,090,000,000 | 4,403,000,000 | 1,957,000,000 | 1,899,000,000 | 1,685,000,000 | 4,353,000,000 | 3,326,000,000 | 3,272,000,000 | 3,061,000,000 | 3,109,000,000 | 2,082,000,000 | 3,384,000,000 | 2,495,000,000 | 2,577,000,000 | 1,666,000,000 | 1,169,000,000 | 2,174,000,000 | 3,530,000,000 | 4,055,000,000 | 3,941,000,000 | 3,517,000,000 | 4,907,000,000 | 4,995,000,000 | 4,178,000,000 | 3,278,000,000 | 2,245,000,000 | 1,127,000,000 | 1,088,000,000 | 755,000,000 | 1,579,000,000 | 1,228,000,000 | 1,539,000,000 | 10,369,000,000 | 11,225,000,000 | 1,878,000,000 | 1,383,000,000 | 1,403,000,000 | 2,541,000,000 | 1,103,000,000 | 1,139,000,000 | 1,277,000,000 | 2,319,000,000 | 1,292,000,000 | 1,907,000,000 | 2,646,000,000 | 3,863,000,000 | 3,402,000,000 | 3,476,000,000 | 3,885,000,000 | 5,150,000,000 | 4,944,000,000 | 4,904,000,000 | 3,183,000,000 | 3,862,000,000 | 3,525,000,000 | 3,148,000,000 | 2,682,000,000 | 3,002,000,000 | 2,946,000,000 | 2,810,000,000 | 4,019,000,000 | 3,701,000,000 | 2,528,000,000 | 2,044,000,000 | 1,961,000,000 | 3,275,000,000 | 1,924,000,000 | 1,056,000,000 | 882,000,000 | 1,504,000,000 | 1,016,000,000 | 581,000,000 | 429,000,000 | 963,000,000 |
accounts receivable | 1,806,000,000 | 1,375,000,000 | 1,983,000,000 | 2,196,000,000 | 1,805,000,000 | 1,272,000,000 | 1,609,000,000 | 1,694,000,000 | 1,832,000,000 | 1,454,000,000 | 1,764,000,000 | 2,096,000,000 | 2,061,000,000 | 1,511,000,000 | 1,936,000,000 | 2,387,000,000 | 1,713,000,000 | 1,467,000,000 | 1,590,000,000 | 1,910,000,000 | 1,710,000,000 | 1,501,000,000 | 1,958,000,000 | 1,989,000,000 | 2,136,000,000 | 1,326,000,000 | 2,111,000,000 | 1,832,000,000 | 2,166,000,000 | 1,448,000,000 | 1,702,000,000 | 1,815,000,000 | 1,241,000,000 | 3,976,000,000 | 4,414,000,000 | 4,280,000,000 | 4,072,000,000 | 3,299,000,000 | 3,659,000,000 | 3,483,000,000 | 3,346,000,000 | 2,841,000,000 | 3,268,000,000 | 3,151,000,000 | 3,131,000,000 | 2,806,000,000 | 3,233,000,000 | 3,280,000,000 | 3,234,000,000 | 2,685,000,000 | 3,904,000,000 | 3,813,000,000 | ||||||||||||||||||||||
unbilled receivables | 7,556,000,000 | 6,544,000,000 | 7,030,000,000 | 7,133,000,000 | 6,857,000,000 | 5,908,000,000 | 6,518,000,000 | 6,434,000,000 | 6,450,000,000 | 5,693,000,000 | 6,270,000,000 | 5,870,000,000 | 6,215,000,000 | 5,983,000,000 | 6,430,000,000 | 6,211,000,000 | 6,118,000,000 | 5,492,000,000 | 5,674,000,000 | 5,418,000,000 | 5,519,000,000 | 5,140,000,000 | 5,723,000,000 | 5,460,000,000 | 5,918,000,000 | 5,334,000,000 | 5,777,000,000 | 5,657,000,000 | 5,785,000,000 | 5,026,000,000 | 5,600,000,000 | 5,272,000,000 | 3,869,000,000 | |||||||||||||||||||||||||||||||||||||||||
inventoried costs | 1,450,000,000 | 1,309,000,000 | 1,615,000,000 | 1,553,000,000 | 1,578,000,000 | 1,455,000,000 | 1,646,000,000 | 1,504,000,000 | 1,370,000,000 | 1,109,000,000 | 1,355,000,000 | 1,287,000,000 | 1,115,000,000 | 978,000,000 | 989,000,000 | 909,000,000 | 838,000,000 | 811,000,000 | 872,000,000 | 863,000,000 | 860,000,000 | 759,000,000 | 853,000,000 | 832,000,000 | 785,000,000 | 783,000,000 | 810,000,000 | 810,000,000 | 778,000,000 | 654,000,000 | 719,000,000 | 690,000,000 | 435,000,000 | 780,000,000 | 1,007,000,000 | 1,039,000,000 | 933,000,000 | 816,000,000 | 797,000,000 | 973,000,000 | 898,000,000 | 807,000,000 | 856,000,000 | 856,000,000 | 818,000,000 | 742,000,000 | 671,000,000 | 741,000,000 | 781,000,000 | 698,000,000 | 1,003,000,000 | 1,045,000,000 | ||||||||||||||||||||||
prepaid expenses and other current assets | 1,868,000,000 | 1,656,000,000 | 1,520,000,000 | 1,245,000,000 | 1,342,000,000 | 1,286,000,000 | 1,233,000,000 | 1,363,000,000 | 2,083,000,000 | 2,341,000,000 | 1,679,000,000 | 1,232,000,000 | 924,000,000 | 1,439,000,000 | 1,277,000,000 | 961,000,000 | 713,000,000 | 1,126,000,000 | 737,000,000 | 630,000,000 | 647,000,000 | 1,402,000,000 | 1,023,000,000 | 720,000,000 | 1,011,000,000 | 997,000,000 | 1,011,000,000 | 772,000,000 | 959,000,000 | 973,000,000 | 883,000,000 | 406,000,000 | 243,000,000 | 368,000,000 | 300,000,000 | 162,000,000 | 160,000,000 | 200,000,000 | 212,000,000 | 186,000,000 | 185,000,000 | 367,000,000 | 199,000,000 | 160,000,000 | 177,000,000 | 369,000,000 | 290,000,000 | 339,000,000 | 165,000,000 | 350,000,000 | 264,000,000 | 240,000,000 | 159,000,000 | 300,000,000 | 217,000,000 | 225,000,000 | 177,000,000 | 411,000,000 | 135,000,000 | 163,000,000 | 213,000,000 | 251,000,000 | 392,000,000 | 384,000,000 | 295,000,000 | 272,000,000 | 453,000,000 | 363,000,000 | 256,000,000 | 229,000,000 | 408,000,000 | 596,000,000 | 501,000,000 | 409,000,000 |
total current assets | 14,770,000,000 | 15,287,000,000 | 14,105,000,000 | 14,026,000,000 | 13,267,000,000 | 14,274,000,000 | 14,332,000,000 | 14,267,000,000 | 14,796,000,000 | 13,706,000,000 | 13,150,000,000 | 13,869,000,000 | 12,810,000,000 | 12,488,000,000 | 12,298,000,000 | 11,637,000,000 | 11,556,000,000 | 12,426,000,000 | 12,928,000,000 | 12,762,000,000 | 12,253,000,000 | 15,344,000,000 | 14,552,000,000 | 13,179,000,000 | 13,128,000,000 | 10,685,000,000 | 10,836,000,000 | 10,159,000,000 | 10,443,000,000 | 9,680,000,000 | 10,132,000,000 | 9,722,000,000 | 16,157,000,000 | 16,349,000,000 | 7,599,000,000 | 6,864,000,000 | 6,568,000,000 | 6,856,000,000 | 5,771,000,000 | 5,781,000,000 | 5,706,000,000 | 6,334,000,000 | 5,951,000,000 | 6,460,000,000 | 7,143,000,000 | 8,184,000,000 | 8,122,000,000 | 8,390,000,000 | 8,604,000,000 | 9,488,000,000 | 9,591,000,000 | 9,564,000,000 | 7,846,000,000 | 8,392,000,000 | 7,902,000,000 | 7,700,000,000 | 7,360,000,000 | 7,746,000,000 | 7,686,000,000 | 7,814,000,000 | 9,071,000,000 | 9,904,000,000 | 9,003,000,000 | 8,384,000,000 | 8,369,000,000 | 8,635,000,000 | 8,084,000,000 | 7,256,000,000 | 7,252,000,000 | 7,189,000,000 | 7,009,000,000 | 7,094,000,000 | 6,949,000,000 | 6,772,000,000 |
property, plant and equipment, net of accumulated depreciation | 10,243,000,000 | 10,972,000,000 | 10,542,000,000 | 10,537,000,000 | 10,522,000,000 | 10,536,000,000 | 10,078,000,000 | 9,771,000,000 | 9,690,000,000 | 9,653,000,000 | 9,173,000,000 | 8,976,000,000 | 8,838,000,000 | 8,800,000,000 | 8,325,000,000 | 8,125,000,000 | 8,017,000,000 | 7,894,000,000 | 7,277,000,000 | 7,164,000,000 | 7,093,000,000 | 7,071,000,000 | 7,187,000,000 | 7,063,000,000 | 6,956,000,000 | 6,912,000,000 | 6,611,000,000 | 6,522,000,000 | 6,420,000,000 | 6,372,000,000 | 6,025,000,000 | 5,864,000,000 | 4,285,000,000 | 4,225,000,000 | 3,925,000,000 | 3,802,000,000 | 3,656,000,000 | 3,588,000,000 | 3,334,000,000 | 3,299,000,000 | 3,230,000,000 | 3,064,000,000 | 3,005,000,000 | 3,005,000,000 | 2,989,000,000 | 2,991,000,000 | 2,845,000,000 | 2,818,000,000 | 2,793,000,000 | 2,806,000,000 | 2,763,000,000 | 2,783,000,000 | 2,829,000,000 | 2,887,000,000 | 2,895,000,000 | 2,935,000,000 | ||||||||||||||||||
operating lease right-of-use assets | 1,925,000,000 | 1,859,000,000 | 1,783,000,000 | 1,783,000,000 | 1,826,000,000 | 1,770,000,000 | 1,779,000,000 | 1,823,000,000 | 1,763,000,000 | 1,818,000,000 | 1,714,000,000 | 1,763,000,000 | 1,779,000,000 | 1,811,000,000 | 1,680,000,000 | 1,669,000,000 | 1,702,000,000 | 1,655,000,000 | 1,552,000,000 | 1,575,000,000 | 1,552,000,000 | 1,533,000,000 | 1,479,000,000 | 1,528,000,000 | 1,469,000,000 | 1,511,000,000 | 1,511,000,000 | 1,278,000,000 | 1,283,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
goodwill | 17,439,000,000 | 17,437,000,000 | 17,436,000,000 | 17,435,000,000 | 17,434,000,000 | 17,512,000,000 | 17,517,000,000 | 17,516,000,000 | 17,515,000,000 | 17,517,000,000 | 17,514,000,000 | 17,517,000,000 | 17,516,000,000 | 17,516,000,000 | 17,516,000,000 | 17,518,000,000 | 17,523,000,000 | 17,515,000,000 | 17,516,000,000 | 17,518,000,000 | 17,518,000,000 | 17,518,000,000 | 18,711,000,000 | 18,707,000,000 | 18,698,000,000 | 18,708,000,000 | 18,707,000,000 | 18,708,000,000 | 18,698,000,000 | 18,672,000,000 | 18,642,000,000 | 18,747,000,000 | 12,455,000,000 | 12,455,000,000 | 12,456,000,000 | 12,453,000,000 | 12,454,000,000 | 12,450,000,000 | 12,464,000,000 | 12,463,000,000 | 12,462,000,000 | 12,460,000,000 | 12,458,000,000 | 12,464,000,000 | 12,464,000,000 | 12,466,000,000 | 12,463,000,000 | 12,468,000,000 | 12,468,000,000 | 12,438,000,000 | 12,438,000,000 | 12,437,000,000 | 12,437,000,000 | 12,431,000,000 | 12,373,000,000 | 12,344,000,000 | 12,374,000,000 | 12,374,000,000 | 12,376,000,000 | 12,376,000,000 | 12,376,000,000 | 13,517,000,000 | 13,517,000,000 | 13,517,000,000 | 13,517,000,000 | 13,517,000,000 | 14,526,000,000 | 14,536,000,000 | 14,524,000,000 | 14,518,000,000 | 17,475,000,000 | 17,586,000,000 | 17,620,000,000 | 17,672,000,000 |
deferred tax assets | 743,000,000 | 1,051,000,000 | 1,255,000,000 | 1,713,000,000 | 1,633,000,000 | 1,599,000,000 | 1,407,000,000 | 1,250,000,000 | 1,123,000,000 | 1,020,000,000 | 330,000,000 | 452,000,000 | 234,000,000 | 162,000,000 | 233,000,000 | 239,000,000 | 220,000,000 | 200,000,000 | 418,000,000 | 433,000,000 | 311,000,000 | 311,000,000 | 188,000,000 | 346,000,000 | 355,000,000 | 508,000,000 | 83,000,000 | 85,000,000 | 84,000,000 | 94,000,000 | 69,000,000 | 179,000,000 | 474,000,000 | 475,000,000 | 1,200,000,000 | 1,385,000,000 | 1,416,000,000 | 1,462,000,000 | 1,239,000,000 | 1,375,000,000 | 1,383,000,000 | 1,409,000,000 | 336,000,000 | 386,000,000 | 371,000,000 | 404,000,000 | 526,000,000 | 554,000,000 | 539,000,000 | 605,000,000 | 596,000,000 | 551,000,000 | 524,000,000 | 574,000,000 | 560,000,000 | 504,000,000 | 466,000,000 | 496,000,000 | 417,000,000 | 710,000,000 | 718,000,000 | 648,000,000 | 627,000,000 | 524,000,000 | 513,000,000 | 487,000,000 | ||||||||
pension and other postretirement benefit plan assets | 3,307,000,000 | 3,167,000,000 | 2,501,000,000 | 2,393,000,000 | 2,285,000,000 | 2,184,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other non-current assets | 1,580,000,000 | 1,604,000,000 | 1,458,000,000 | 1,333,000,000 | 1,259,000,000 | 1,230,000,000 | 2,908,000,000 | 2,761,000,000 | 2,641,000,000 | 2,525,000,000 | 2,691,000,000 | 2,688,000,000 | 2,703,000,000 | 2,594,000,000 | 2,248,000,000 | 2,243,000,000 | 2,352,000,000 | 2,311,000,000 | 2,026,000,000 | 2,010,000,000 | 1,964,000,000 | 1,909,000,000 | 1,811,000,000 | 1,743,000,000 | 1,623,000,000 | 1,725,000,000 | 1,682,000,000 | 1,626,000,000 | 1,534,000,000 | 1,463,000,000 | 1,615,000,000 | 1,537,000,000 | 1,424,000,000 | 1,413,000,000 | 1,333,000,000 | 1,309,000,000 | 1,319,000,000 | 1,258,000,000 | 1,292,000,000 | 1,163,000,000 | 1,152,000,000 | 1,187,000,000 | 1,200,000,000 | 1,240,000,000 | 1,277,000,000 | 1,309,000,000 | 1,484,000,000 | 1,495,000,000 | 1,471,000,000 | 1,440,000,000 | 1,339,000,000 | 1,295,000,000 | 1,292,000,000 | 1,291,000,000 | 1,412,000,000 | 1,409,000,000 | 1,431,000,000 | |||||||||||||||||
total assets | 50,007,000,000 | 51,377,000,000 | 49,300,000,000 | 49,451,000,000 | 48,468,000,000 | 49,359,000,000 | 48,289,000,000 | 47,670,000,000 | 47,818,000,000 | 46,544,000,000 | 44,896,000,000 | 45,609,000,000 | 44,244,000,000 | 43,755,000,000 | 42,733,000,000 | 41,914,000,000 | 41,903,000,000 | 42,579,000,000 | 42,346,000,000 | 42,142,000,000 | 41,423,000,000 | 44,469,000,000 | 44,772,000,000 | 43,475,000,000 | 43,203,000,000 | 41,089,000,000 | 40,553,000,000 | 39,584,000,000 | 39,751,000,000 | 37,653,000,000 | 37,943,000,000 | 37,378,000,000 | 34,795,000,000 | 34,917,000,000 | 26,513,000,000 | 25,813,000,000 | 25,413,000,000 | 25,614,000,000 | 24,100,000,000 | 24,081,000,000 | 23,933,000,000 | 24,454,000,000 | 23,966,000,000 | 24,552,000,000 | 25,266,000,000 | 26,572,000,000 | 25,043,000,000 | 25,351,000,000 | 25,535,000,000 | 26,381,000,000 | 27,405,000,000 | 27,508,000,000 | 25,914,000,000 | 26,543,000,000 | 25,262,000,000 | 25,226,000,000 | 25,053,000,000 | 25,411,000,000 | 25,100,000,000 | 25,377,000,000 | 26,790,000,000 | 31,421,000,000 | 30,176,000,000 | 29,694,000,000 | 29,762,000,000 | 30,252,000,000 | 30,845,000,000 | 30,148,000,000 | 30,142,000,000 | 30,197,000,000 | 33,254,000,000 | 33,467,000,000 | 33,375,000,000 | 33,373,000,000 |
liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade accounts payable | 2,681,000,000 | 3,240,000,000 | 2,797,000,000 | 2,592,000,000 | 2,501,000,000 | 2,599,000,000 | 2,518,000,000 | 2,352,000,000 | 2,580,000,000 | 2,110,000,000 | 2,260,000,000 | 2,056,000,000 | 2,136,000,000 | 2,587,000,000 | 2,335,000,000 | 2,098,000,000 | 2,050,000,000 | 2,197,000,000 | 2,184,000,000 | 2,001,000,000 | 1,895,000,000 | 1,806,000,000 | 2,197,000,000 | 2,006,000,000 | 2,071,000,000 | 2,226,000,000 | 2,021,000,000 | 1,962,000,000 | 1,932,000,000 | 2,182,000,000 | 1,939,000,000 | 1,824,000,000 | 1,395,000,000 | 1,661,000,000 | 1,507,000,000 | 1,385,000,000 | 1,374,000,000 | 1,554,000,000 | 1,325,000,000 | 1,272,000,000 | 1,204,000,000 | 1,282,000,000 | 1,194,000,000 | 1,246,000,000 | 1,248,000,000 | 1,305,000,000 | 1,193,000,000 | 1,178,000,000 | 1,229,000,000 | 1,229,000,000 | 1,221,000,000 | 1,195,000,000 | 1,225,000,000 | 1,392,000,000 | 1,194,000,000 | 1,191,000,000 | 1,226,000,000 | 1,481,000,000 | 1,338,000,000 | 1,259,000,000 | 1,347,000,000 | 1,846,000,000 | 1,677,000,000 | 1,643,000,000 | 1,642,000,000 | 1,921,000,000 | 1,793,000,000 | 1,774,000,000 | 1,924,000,000 | 1,943,000,000 | 1,820,000,000 | 1,727,000,000 | 1,806,000,000 | 1,901,000,000 |
accrued employee compensation | 1,732,000,000 | 2,309,000,000 | 1,946,000,000 | 1,856,000,000 | 1,598,000,000 | 2,271,000,000 | 1,924,000,000 | 1,903,000,000 | 1,701,000,000 | 2,251,000,000 | 1,927,000,000 | 1,878,000,000 | 1,646,000,000 | 2,057,000,000 | 1,831,000,000 | 1,741,000,000 | 1,532,000,000 | 1,993,000,000 | 1,811,000,000 | 1,746,000,000 | 1,542,000,000 | 1,997,000,000 | 1,847,000,000 | 1,614,000,000 | 1,472,000,000 | 1,865,000,000 | 1,744,000,000 | 1,528,000,000 | 1,404,000,000 | 1,676,000,000 | 1,645,000,000 | 1,451,000,000 | 1,204,000,000 | 1,382,000,000 | 1,309,000,000 | 1,213,000,000 | 1,141,000,000 | 1,342,000,000 | 1,257,000,000 | 1,112,000,000 | 1,071,000,000 | 1,195,000,000 | 1,208,000,000 | 1,097,000,000 | 1,063,000,000 | 1,441,000,000 | 1,225,000,000 | 1,154,000,000 | 1,050,000,000 | 1,169,000,000 | 1,058,000,000 | 1,001,000,000 | 938,000,000 | 1,173,000,000 | 1,036,000,000 | |||||||||||||||||||
advance payments and billings in excess of costs incurred | 3,697,000,000 | 4,086,000,000 | 3,562,000,000 | 3,997,000,000 | 3,710,000,000 | 4,070,000,000 | 3,157,000,000 | 3,292,000,000 | 3,530,000,000 | 4,193,000,000 | 3,458,000,000 | 3,397,000,000 | 3,211,000,000 | 3,609,000,000 | 3,107,000,000 | 2,734,000,000 | 2,876,000,000 | 3,026,000,000 | 2,594,000,000 | 2,526,000,000 | 2,393,000,000 | 2,517,000,000 | 2,235,000,000 | 2,179,000,000 | 2,027,000,000 | 2,237,000,000 | 2,127,000,000 | 1,942,000,000 | 1,969,000,000 | 1,802,000,000 | 1,801,000,000 | 1,759,000,000 | 1,838,000,000 | 1,826,000,000 | 1,756,000,000 | 1,777,000,000 | 1,744,000,000 | 1,820,000,000 | 1,899,000,000 | 2,076,000,000 | 2,069,000,000 | 1,979,000,000 | 1,909,000,000 | 1,954,000,000 | 1,977,000,000 | 2,050,000,000 | 1,953,000,000 | 2,036,000,000 | 1,889,000,000 | 1,825,000,000 | 1,834,000,000 | 1,563,000,000 | ||||||||||||||||||||||
other current liabilities | 4,711,000,000 | 4,247,000,000 | 4,413,000,000 | 5,014,000,000 | 6,160,000,000 | 5,188,000,000 | 5,502,000,000 | 5,361,000,000 | 5,321,000,000 | 3,388,000,000 | 2,660,000,000 | 4,226,000,000 | 3,490,000,000 | 3,334,000,000 | 3,539,000,000 | 2,403,000,000 | 2,392,000,000 | 2,314,000,000 | 2,230,000,000 | 2,318,000,000 | 2,537,000,000 | 3,002,000,000 | 3,830,000,000 | 3,928,000,000 | 4,607,000,000 | 3,106,000,000 | 2,524,000,000 | 2,723,000,000 | 3,516,000,000 | 2,499,000,000 | 2,769,000,000 | 2,847,000,000 | 2,337,000,000 | 2,305,000,000 | 2,194,000,000 | 2,248,000,000 | 1,367,000,000 | 1,263,000,000 | 1,218,000,000 | 1,332,000,000 | 1,271,000,000 | 1,443,000,000 | 1,432,000,000 | 1,441,000,000 | 1,543,000,000 | 1,433,000,000 | 1,483,000,000 | 1,494,000,000 | 1,498,000,000 | 1,695,000,000 | 1,785,000,000 | 1,641,000,000 | 1,591,000,000 | 1,732,000,000 | 1,622,000,000 | 1,571,000,000 | 1,677,000,000 | 1,668,000,000 | 1,524,000,000 | 1,612,000,000 | 1,932,000,000 | 2,331,000,000 | 2,007,000,000 | 2,042,000,000 | 2,028,000,000 | 1,726,000,000 | 1,562,000,000 | 1,574,000,000 | 1,763,000,000 | 1,660,000,000 | 1,632,000,000 | 1,659,000,000 | 1,680,000,000 | 1,651,000,000 |
total current liabilities | 12,821,000,000 | 13,882,000,000 | 12,718,000,000 | 13,459,000,000 | 13,969,000,000 | 14,128,000,000 | 13,101,000,000 | 12,908,000,000 | 13,132,000,000 | 11,942,000,000 | 10,305,000,000 | 11,557,000,000 | 10,483,000,000 | 11,587,000,000 | 10,812,000,000 | 8,976,000,000 | 8,850,000,000 | 9,530,000,000 | 8,819,000,000 | 8,591,000,000 | 8,367,000,000 | 9,580,000,000 | 10,109,000,000 | 9,727,000,000 | 10,177,000,000 | 9,434,000,000 | 8,416,000,000 | 8,155,000,000 | 8,821,000,000 | 8,274,000,000 | 8,039,000,000 | 7,833,000,000 | 6,415,000,000 | 6,965,000,000 | 6,300,000,000 | 6,186,000,000 | 5,168,000,000 | 5,630,000,000 | 5,106,000,000 | 5,099,000,000 | 4,955,000,000 | 5,457,000,000 | 5,133,000,000 | 5,154,000,000 | 5,284,000,000 | 5,892,000,000 | 5,511,000,000 | 5,414,000,000 | 5,271,000,000 | 5,815,000,000 | 5,762,000,000 | 5,639,000,000 | 5,555,000,000 | 6,056,000,000 | 5,690,000,000 | 5,608,000,000 | 5,594,000,000 | 6,135,000,000 | 5,721,000,000 | 5,795,000,000 | 6,161,000,000 | 8,386,000,000 | 7,763,000,000 | 7,666,000,000 | 7,488,000,000 | 6,985,000,000 | 7,270,000,000 | 7,243,000,000 | 7,509,000,000 | 7,424,000,000 | 6,812,000,000 | 6,591,000,000 | 6,737,000,000 | 6,432,000,000 |
long-term debt | 14,411,000,000 | 15,162,000,000 | 15,162,000,000 | 15,160,000,000 | 14,167,000,000 | 14,692,000,000 | 14,689,000,000 | 14,706,000,000 | 14,742,000,000 | 13,786,000,000 | 13,793,000,000 | 13,796,000,000 | 13,770,000,000 | 11,805,000,000 | 11,803,000,000 | 12,834,000,000 | 12,825,000,000 | 12,777,000,000 | 12,774,000,000 | 12,764,000,000 | 12,764,000,000 | 14,261,000,000 | 14,260,000,000 | 14,259,000,000 | 14,299,000,000 | 12,770,000,000 | 13,826,000,000 | 13,838,000,000 | 13,863,000,000 | 13,883,000,000 | 13,889,000,000 | 14,387,000,000 | 14,392,000,000 | 14,399,000,000 | 6,227,000,000 | 6,219,000,000 | 7,060,000,000 | 7,058,000,000 | 6,387,000,000 | 6,387,000,000 | 6,387,000,000 | 6,416,000,000 | 6,417,000,000 | 6,417,000,000 | 6,418,000,000 | 5,925,000,000 | 5,926,000,000 | 5,927,000,000 | 5,927,000,000 | 5,928,000,000 | 5,928,000,000 | 5,929,000,000 | 3,937,000,000 | 3,930,000,000 | 3,931,000,000 | 3,932,000,000 | 3,933,000,000 | 3,935,000,000 | 3,936,000,000 | 3,937,000,000 | 3,939,000,000 | 4,045,000,000 | 3,437,000,000 | 3,438,000,000 | 3,440,000,000 | 4,191,000,000 | 4,194,000,000 | 3,348,000,000 | 3,352,000,000 | 3,443,000,000 | 3,843,000,000 | 3,844,000,000 | 3,928,000,000 | 3,918,000,000 |
pension and other postretirement benefit plan liabilities | 1,095,000,000 | 1,110,000,000 | 1,100,000,000 | 1,108,000,000 | 1,115,000,000 | 1,120,000,000 | 1,186,000,000 | 1,211,000,000 | 1,250,000,000 | 1,290,000,000 | 1,147,000,000 | 1,161,000,000 | 1,173,000,000 | 1,188,000,000 | 2,405,000,000 | 2,692,000,000 | 2,979,000,000 | 3,269,000,000 | 5,667,000,000 | 5,942,000,000 | 6,217,000,000 | 6,498,000,000 | 6,389,000,000 | 6,582,000,000 | 6,779,000,000 | 6,979,000,000 | 5,431,000,000 | 5,535,000,000 | 5,646,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities | 1,905,000,000 | 1,857,000,000 | 1,796,000,000 | 1,805,000,000 | 1,854,000,000 | 1,798,000,000 | 1,821,000,000 | 1,870,000,000 | 1,830,000,000 | 1,892,000,000 | 1,736,000,000 | 1,772,000,000 | 1,789,000,000 | 1,824,000,000 | 1,696,000,000 | 1,654,000,000 | 1,661,000,000 | 1,590,000,000 | 1,367,000,000 | 1,389,000,000 | 1,354,000,000 | 1,343,000,000 | 1,292,000,000 | 1,333,000,000 | 1,280,000,000 | 1,308,000,000 | 1,304,000,000 | 1,081,000,000 | 1,098,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
other non-current liabilities | 2,660,000,000 | 2,692,000,000 | 2,536,000,000 | 2,448,000,000 | 2,379,000,000 | 2,331,000,000 | 2,744,000,000 | 2,674,000,000 | 2,641,000,000 | 2,839,000,000 | 1,987,000,000 | 1,837,000,000 | 1,893,000,000 | 1,907,000,000 | 1,988,000,000 | 1,976,000,000 | 1,991,000,000 | 1,997,000,000 | 2,302,000,000 | 2,284,000,000 | 2,196,000,000 | 2,208,000,000 | 2,216,000,000 | 1,862,000,000 | 1,606,000,000 | 1,779,000,000 | 1,734,000,000 | 1,621,000,000 | 1,451,000,000 | 1,446,000,000 | 1,518,000,000 | 1,176,000,000 | 946,000,000 | 994,000,000 | 914,000,000 | 823,000,000 | 881,000,000 | 849,000,000 | 831,000,000 | 853,000,000 | 853,000,000 | 887,000,000 | 941,000,000 | 939,000,000 | 854,000,000 | 965,000,000 | 938,000,000 | 922,000,000 | 894,000,000 | 1,064,000,000 | 985,000,000 | 956,000,000 | 928,000,000 | 958,000,000 | 940,000,000 | 904,000,000 | 905,000,000 | |||||||||||||||||
total liabilities | 32,892,000,000 | 34,703,000,000 | 33,312,000,000 | 33,980,000,000 | 33,484,000,000 | 34,069,000,000 | 33,541,000,000 | 33,369,000,000 | 33,595,000,000 | 31,749,000,000 | 28,968,000,000 | 30,123,000,000 | 29,108,000,000 | 28,443,000,000 | 28,790,000,000 | 28,263,000,000 | 28,616,000,000 | 29,653,000,000 | 30,929,000,000 | 30,970,000,000 | 30,898,000,000 | 33,890,000,000 | 34,305,000,000 | 33,763,000,000 | 34,141,000,000 | 32,270,000,000 | 30,822,000,000 | 30,370,000,000 | 31,012,000,000 | 29,466,000,000 | 28,840,000,000 | 29,151,000,000 | 27,115,000,000 | 27,869,000,000 | 20,020,000,000 | 19,894,000,000 | 19,855,000,000 | 20,355,000,000 | 18,333,000,000 | 18,400,000,000 | 18,312,000,000 | 18,932,000,000 | 18,269,000,000 | 18,381,000,000 | 18,518,000,000 | 19,337,000,000 | 15,150,000,000 | 15,083,000,000 | 14,966,000,000 | 15,761,000,000 | 18,049,000,000 | 17,950,000,000 | 16,445,000,000 | 17,029,000,000 | 14,315,000,000 | 14,511,000,000 | 14,512,000,000 | 15,075,000,000 | 13,149,000,000 | 13,228,000,000 | 14,113,000,000 | 17,864,000,000 | 16,982,000,000 | 16,791,000,000 | 17,122,000,000 | 17,565,000,000 | 18,416,000,000 | 17,959,000,000 | 18,085,000,000 | 18,277,000,000 | 15,691,000,000 | 15,604,000,000 | 15,774,000,000 | 15,686,000,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 1 par value; 10,000,000 shares authorized; no shares issued and outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 142,000,000 | 142,000,000 | 143,000,000 | 143,000,000 | 144,000,000 | 145,000,000 | 146,000,000 | 146,000,000 | 148,000,000 | 150,000,000 | 151,000,000 | 151,000,000 | 152,000,000 | 153,000,000 | 154,000,000 | 155,000,000 | 156,000,000 | 156,000,000 | 159,000,000 | 160,000,000 | 161,000,000 | 167,000,000 | 167,000,000 | 167,000,000 | 167,000,000 | 168,000,000 | 169,000,000 | 169,000,000 | 170,000,000 | 171,000,000 | 174,000,000 | 174,000,000 | 174,000,000 | 174,000,000 | 174,000,000 | 174,000,000 | 175,000,000 | 175,000,000 | 177,000,000 | 179,000,000 | 181,000,000 | 181,000,000 | 183,000,000 | 188,000,000 | 195,000,000 | 199,000,000 | 203,000,000 | 209,000,000 | 215,000,000 | 218,000,000 | 224,000,000 | 231,000,000 | 235,000,000 | 239,000,000 | 246,000,000 | 248,000,000 | 252,000,000 | 254,000,000 | 266,000,000 | 278,000,000 | 293,000,000 | 291,000,000 | 292,000,000 | 295,000,000 | 301,000,000 | 307,000,000 | 315,000,000 | 325,000,000 | 327,000,000 | 327,000,000 | 337,000,000 | 339,000,000 | 338,000,000 | |
paid-in capital | 8,000,000 | 8,000,000 | 58,000,000 | 27,000,000 | 10,000,000 | 44,000,000 | 16,000,000 | 292,000,000 | 848,000,000 | 1,479,000,000 | 2,124,000,000 | 2,461,000,000 | 2,924,000,000 | 3,296,000,000 | 3,443,000,000 | 3,646,000,000 | 3,873,000,000 | 4,460,000,000 | 5,026,000,000 | 5,934,000,000 | 7,778,000,000 | 7,827,000,000 | 7,949,000,000 | 8,264,000,000 | 8,657,000,000 | 9,061,000,000 | 9,243,000,000 | 9,482,000,000 | 9,645,000,000 | 9,668,000,000 | 10,335,000,000 | 10,438,000,000 | 10,661,000,000 | |||||||||||||||||||||||||||||||||||||||||
retained earnings | 17,096,000,000 | 16,658,000,000 | 15,968,000,000 | 15,452,000,000 | 14,982,000,000 | 15,297,000,000 | 14,738,000,000 | 14,301,000,000 | 14,218,000,000 | 14,773,000,000 | 15,924,000,000 | 15,485,000,000 | 15,135,000,000 | 15,312,000,000 | 13,955,000,000 | 13,655,000,000 | 13,277,000,000 | 12,913,000,000 | 11,398,000,000 | 11,144,000,000 | 10,487,000,000 | 10,482,000,000 | 10,394,000,000 | 9,652,000,000 | 9,011,000,000 | 8,748,000,000 | 9,649,000,000 | 9,120,000,000 | 8,628,000,000 | 8,068,000,000 | 14,464,000,000 | 13,669,000,000 | 13,205,000,000 | 11,548,000,000 | 11,546,000,000 | 11,087,000,000 | 10,824,000,000 | 10,630,000,000 | 10,628,000,000 | 10,634,000,000 | 10,664,000,000 | 10,661,000,000 | 10,613,000,000 | 11,164,000,000 | 11,843,000,000 | 12,392,000,000 | 12,568,000,000 | 12,945,000,000 | 12,983,000,000 | 12,538,000,000 | 12,196,000,000 | 11,838,000,000 | 11,496,000,000 | 11,138,000,000 | 10,739,000,000 | 10,419,000,000 | 10,077,000,000 | 9,699,000,000 | 9,401,000,000 | 9,018,000,000 | 8,637,000,000 | 8,245,000,000 | 8,005,000,000 | 7,646,000,000 | 7,077,000,000 | 6,737,000,000 | 6,457,000,000 | 6,104,000,000 | 5,846,000,000 | 5,590,000,000 | 8,253,000,000 | 7,877,000,000 | 7,518,000,000 | 7,387,000,000 |
accumulated other comprehensive loss | -131,000,000 | -126,000,000 | -123,000,000 | -124,000,000 | -142,000,000 | -152,000,000 | -136,000,000 | -146,000,000 | -143,000,000 | -128,000,000 | -147,000,000 | -150,000,000 | -151,000,000 | -153,000,000 | -166,000,000 | -159,000,000 | -146,000,000 | -143,000,000 | -140,000,000 | -132,000,000 | -131,000,000 | -128,000,000 | -121,000,000 | -117,000,000 | -116,000,000 | -97,000,000 | -87,000,000 | -75,000,000 | -59,000,000 | -5,535,000,000 | -5,616,000,000 | -5,699,000,000 | -4,718,000,000 | -5,243,000,000 | -5,342,000,000 | -5,441,000,000 | -5,546,000,000 | -5,038,000,000 | -5,132,000,000 | -5,224,000,000 | -5,320,000,000 | -5,099,000,000 | -5,181,000,000 | -5,290,000,000 | -5,356,000,000 | -2,878,000,000 | -2,886,000,000 | -2,921,000,000 | -2,984,000,000 | -4,543,000,000 | -4,635,000,000 | -4,723,000,000 | -4,787,000,000 | -3,334,000,000 | -3,395,000,000 | -3,434,000,000 | -3,490,000,000 | -2,176,000,000 | -2,173,000,000 | -2,187,000,000 | -2,757,000,000 | -2,930,000,000 | -2,987,000,000 | -3,002,000,000 | -3,014,000,000 | -3,404,000,000 | -3,477,000,000 | -3,596,000,000 | -3,642,000,000 | -685,000,000 | -686,000,000 | -694,000,000 | -699,000,000 | |
total shareholders’ equity | 17,115,000,000 | 16,674,000,000 | 15,988,000,000 | 15,471,000,000 | 14,984,000,000 | 15,290,000,000 | 14,748,000,000 | 14,301,000,000 | 14,223,000,000 | 14,795,000,000 | 15,928,000,000 | 15,486,000,000 | 15,136,000,000 | 15,312,000,000 | 13,943,000,000 | 13,651,000,000 | 13,287,000,000 | 12,926,000,000 | 11,417,000,000 | 11,172,000,000 | 10,525,000,000 | 10,579,000,000 | 10,467,000,000 | 9,712,000,000 | 9,062,000,000 | 8,819,000,000 | 9,731,000,000 | 9,214,000,000 | 8,739,000,000 | 8,187,000,000 | 9,103,000,000 | 8,227,000,000 | 7,680,000,000 | 7,048,000,000 | 6,493,000,000 | 5,919,000,000 | 5,558,000,000 | 5,259,000,000 | 5,767,000,000 | 5,681,000,000 | 5,621,000,000 | 5,522,000,000 | 5,697,000,000 | 6,171,000,000 | 6,748,000,000 | 7,235,000,000 | 9,893,000,000 | 10,268,000,000 | 10,569,000,000 | 10,620,000,000 | 9,356,000,000 | 9,558,000,000 | 9,469,000,000 | 9,514,000,000 | 10,947,000,000 | 10,715,000,000 | 10,541,000,000 | 10,336,000,000 | 11,951,000,000 | 12,149,000,000 | 12,677,000,000 | 13,557,000,000 | 13,194,000,000 | 12,903,000,000 | 12,640,000,000 | 12,687,000,000 | 12,429,000,000 | 12,189,000,000 | 12,057,000,000 | 11,920,000,000 | 17,563,000,000 | 17,863,000,000 | 17,601,000,000 | 17,687,000,000 |
total liabilities and shareholders’ equity | 50,007,000,000 | 51,377,000,000 | 49,300,000,000 | 49,451,000,000 | 48,468,000,000 | 49,359,000,000 | 48,289,000,000 | 47,670,000,000 | 47,818,000,000 | 46,544,000,000 | 44,896,000,000 | 45,609,000,000 | 44,244,000,000 | 43,755,000,000 | 42,733,000,000 | 41,914,000,000 | 41,903,000,000 | 42,579,000,000 | 42,346,000,000 | 42,142,000,000 | 41,423,000,000 | 44,469,000,000 | 44,772,000,000 | 43,475,000,000 | 43,203,000,000 | 41,089,000,000 | 40,553,000,000 | 39,584,000,000 | 39,751,000,000 | 37,653,000,000 | 37,943,000,000 | 37,378,000,000 | 34,795,000,000 | 34,917,000,000 | 26,513,000,000 | 25,813,000,000 | 25,413,000,000 | 25,614,000,000 | 24,100,000,000 | 24,081,000,000 | 23,933,000,000 | 24,454,000,000 | 23,966,000,000 | 24,552,000,000 | 25,266,000,000 | 26,572,000,000 | 25,043,000,000 | 25,351,000,000 | 25,535,000,000 | 26,381,000,000 | 27,405,000,000 | 27,508,000,000 | 25,914,000,000 | 26,543,000,000 | 25,262,000,000 | 25,226,000,000 | 25,053,000,000 | 25,411,000,000 | 25,100,000,000 | 25,377,000,000 | 26,790,000,000 | 31,421,000,000 | 30,176,000,000 | 29,694,000,000 | 29,762,000,000 | 30,252,000,000 | 30,845,000,000 | 30,148,000,000 | 30,142,000,000 | 30,197,000,000 | 33,254,000,000 | 33,467,000,000 | 33,375,000,000 | 33,373,000,000 |
intangible assets | 220,000,000 | 231,000,000 | 242,000,000 | 254,000,000 | 268,000,000 | 282,000,000 | 290,000,000 | 305,000,000 | 324,000,000 | 344,000,000 | 364,000,000 | 384,000,000 | 433,000,000 | 483,000,000 | 533,000,000 | 578,000,000 | 629,000,000 | 680,000,000 | 732,000,000 | 783,000,000 | 844,000,000 | 909,000,000 | 974,000,000 | 1,040,000,000 | 1,123,000,000 | 1,206,000,000 | 1,289,000,000 | 1,372,000,000 | 1,460,000,000 | 1,329,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
deferred tax liabilities | 132,000,000 | 86,000,000 | 131,000,000 | 310,000,000 | 490,000,000 | 39,000,000 | 111,000,000 | 140,000,000 | 133,000,000 | 108,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets of disposal group held for sale | 1,635,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities of disposal group held for sale | 258,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advance payments and amounts in excess of costs incurred | 1,917,000,000 | 1,686,000,000 | 1,711,000,000 | 1,479,000,000 | 1,617,000,000 | 1,290,000,000 | 1,340,000,000 | 1,286,000,000 | 1,471,000,000 | 1,306,000,000 | 1,383,000,000 | 1,409,000,000 | 1,537,000,000 | 1,299,000,000 | 1,370,000,000 | 1,430,000,000 | 1,713,000,000 | 1,610,000,000 | 1,588,000,000 | 1,494,000,000 | 1,722,000,000 | 1,698,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
pension and opb plan liabilities | 5,755,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -52,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension and other post-retirement benefit plan liabilities | 5,394,000,000 | 5,755,000,000 | 5,362,000,000 | 5,511,000,000 | 6,579,000,000 | 6,666,000,000 | 6,746,000,000 | 6,818,000,000 | 6,009,000,000 | 6,061,000,000 | 6,117,000,000 | 6,172,000,000 | 5,778,000,000 | 5,871,000,000 | 5,962,000,000 | 6,555,000,000 | 2,775,000,000 | 2,820,000,000 | 2,874,000,000 | 2,954,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-current deferred tax assets | 1,352,000,000 | 1,383,000,000 | 1,393,000,000 | 1,622,000,000 | 129,000,000 | 180,000,000 | 199,000,000 | 209,000,000 | 1,274,000,000 | 1,429,000,000 | 1,510,000,000 | 1,542,000,000 | 680,000,000 | 838,000,000 | 895,000,000 | 487,000,000 | 555,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable, net of progress payments | 3,003,000,000 | 3,124,000,000 | 3,050,000,000 | 2,858,000,000 | 2,973,000,000 | 3,119,000,000 | 3,231,000,000 | 2,964,000,000 | 3,328,000,000 | 3,474,000,000 | 3,563,000,000 | 4,057,000,000 | 4,172,000,000 | 4,160,000,000 | 4,197,000,000 | 3,394,000,000 | 3,951,000,000 | 4,251,000,000 | 4,416,000,000 | 3,957,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventoried costs, net of progress payments | 784,000,000 | 745,000,000 | 930,000,000 | 798,000,000 | 627,000,000 | 704,000,000 | 804,000,000 | 873,000,000 | 884,000,000 | 902,000,000 | 859,000,000 | 1,185,000,000 | 1,193,000,000 | 1,148,000,000 | 1,289,000,000 | 1,170,000,000 | 1,243,000,000 | 1,099,000,000 | 1,178,000,000 | 1,147,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension and post-retirement benefit plan liabilities | 5,374,000,000 | 5,426,000,000 | 6,025,000,000 | 3,754,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension and post-retirement plan liabilities | 6,085,000,000 | 4,067,000,000 | 4,080,000,000 | 4,079,000,000 | 2,591,000,000 | 2,597,000,000 | 3,097,000,000 | 4,116,000,000 | 4,511,000,000 | 4,487,000,000 | 4,723,000,000 | 4,874,000,000 | 5,349,000,000 | 5,816,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued employees compensation | 1,020,000,000 | 935,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 4,018 in 2012 and 3,933 in 2011 | 2,993,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets of discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment | 3,047,000,000 | 5,042,000,000 | 4,868,000,000 | 4,810,000,000 | 4,715,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land and land improvements | 375,000,000 | 666,000,000 | 649,000,000 | 619,000,000 | 605,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings and improvements | 1,433,000,000 | 2,658,000,000 | 2,422,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
machinery and other equipment | 4,143,000,000 | 5,134,000,000 | 4,759,000,000 | 5,080,000,000 | 4,775,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capitalized software costs | 444,000,000 | 636,000,000 | 624,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
leasehold improvements | 585,000,000 | 670,000,000 | 630,000,000 | 588,000,000 | 526,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, cost | 6,980,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated depreciation | -3,933,000,000 | -4,722,000,000 | -4,216,000,000 | -3,803,000,000 | -3,440,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | 983,000,000 | 1,019,000,000 | 1,038,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other purchased intangibles, net of accumulated amortization of 1,650 in 2011 and 1,613 in 2010 | 155,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension and post-retirement plan assets | 153,000,000 | 355,000,000 | 344,000,000 | 333,000,000 | 450,000,000 | 324,000,000 | 308,000,000 | 304,000,000 | 300,000,000 | 292,000,000 | 292,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term deferred tax assets | 900,000,000 | 691,000,000 | 612,000,000 | 654,000,000 | 844,000,000 | 883,000,000 | 1,010,000,000 | 1,281,000,000 | 1,414,000,000 | 1,455,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
miscellaneous other assets | 1,036,000,000 | 1,022,000,000 | 1,086,000,000 | 1,090,000,000 | 1,117,000,000 | 1,110,000,000 | 1,055,000,000 | 1,046,000,000 | 1,049,000,000 | 988,000,000 | 947,000,000 | 921,000,000 | 933,000,000 | 1,060,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other assets | 14,618,000,000 | 16,475,000,000 | 16,749,000,000 | 18,198,000,000 | 21,886,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payables to banks and current portion of long-term debt | 13,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued employees’ compensation | 1,196,000,000 | 1,076,000,000 | 1,062,000,000 | 944,000,000 | 1,349,000,000 | 1,238,000,000 | 1,229,000,000 | 1,134,000,000 | 1,281,000,000 | 1,419,000,000 | 1,325,000,000 | 1,280,000,000 | 1,284,000,000 | 1,370,000,000 | 1,283,000,000 | 1,248,000,000 | 1,180,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities of discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other long-term liabilities | 926,000,000 | 901,000,000 | 899,000,000 | 916,000,000 | 1,317,000,000 | 1,271,000,000 | 1,200,000,000 | 1,471,000,000 | 1,515,000,000 | 1,603,000,000 | 1,552,000,000 | 1,503,000,000 | 1,587,000,000 | 1,934,000,000 | 2,076,000,000 | 2,004,000,000 | 1,978,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 1 par value; 10,000,000 shares authorized; no shares issued and outstanding in 2011 and 2010 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current deferred tax assets | 393,000,000 | 465,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 3,897 in 2011 and 3,712 in 2010 | 3,010,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other purchased intangibles, net of accumulated amortization of 1,641 in 2011 and 1,613 in 2010 | 164,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable to banks | 16,000,000 | 19,000,000 | 16,000,000 | 10,000,000 | 15,000,000 | 13,000,000 | 14,000,000 | 12,000,000 | 28,000,000 | 27,000,000 | 24,000,000 | 24,000,000 | 28,000,000 | 23,000,000 | 59,000,000 | 26,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term debt | 23,000,000 | 23,000,000 | 23,000,000 | 774,000,000 | 757,000,000 | 760,000,000 | 761,000,000 | 91,000,000 | 491,000,000 | 493,000,000 | 565,000,000 | 477,000,000 | 73,000,000 | 74,000,000 | 110,000,000 | 111,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 3,864 in 2011 and 3,712 in 2010 | 3,028,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other purchased intangibles, net of accumulated amortization of 1,631 in 2011 and 1,613 in 2010 | 174,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 3,781 in 2011 and 3,712 in 2010 | 3,046,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other purchased intangibles, net of accumulated amortization of 1,622 in 2011 and 1,613 in 2010 | 183,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment - sum | 9,764,000,000 | 9,084,000,000 | 8,613,000,000 | 8,155,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other purchased intangibles, net of accumulated amortization of 1,965 in 2010 and 1,871 in 2009 | 779,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 4,608 in 2010 and 4,216 in 2009 | 4,767,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other purchased intangibles, net of accumulated amortization of 1,943 in 2010 and 1,871 in 2009 | 801,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 4,465 in 2010 and 4,216 in 2009 | 4,763,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other purchased intangibles, net of accumulated amortization of 1,921 in 2010 and 1,871 in 2009 | 823,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 4,340 in 2010 and 4,216 in 2009 | 4,797,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other purchased intangibles, net of accumulated amortization of 1,898 in 2010 and 1,871 in 2009 | 846,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other purchased intangibles, net of accumulated amortization of 1,871 in 2009 and 1,767 in 2008 | 873,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 4,171 in 2009 and 3,803 in 2008 | 4,775,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other purchased intangibles, net of accumulated amortization of 1,873 in 2009 and 1,795 in 2008 | 899,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 4,053 in 2009 and 3,803 in 2008 | 4,778,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other purchased intangibles, net of accumulated amortization of 1,847 in 2009 and 1,795 in 2008 | 925,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding: 2009 – 319,156,206; 2008 – 327,012,663 | 319,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | 520,000,000 | 549,000,000 | 481,000,000 | 503,000,000 | 529,000,000 | 542,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 3,925 in 2009 and 3,803 in 2008 | 4,777,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other purchased intangibles, net of accumulated amortization of 1,821 in 2009 and 1,795 in 2008 | 921,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension and postretirement plan assets | 292,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension and postretirement plan liabilities | 5,721,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
buildings | 2,326,000,000 | 2,249,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other purchased intangibles, net of accumulated amortization of 1,795 in 2008 and 1,687 in 2007 | 947,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension and postretirement benefits asset | 290,000,000 | 2,148,000,000 | 2,125,000,000 | 2,103,000,000 | 2,080,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term deferred tax asset | 1,510,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
in millions | 2,008,000,000 | 2,007,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mandatorily redeemable preferred stock | 46,000,000 | 350,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension and postretirement benefits liability | 5,823,000,000 | 3,102,000,000 | 3,093,000,000 | 3,059,000,000 | 3,008,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 3,719 in 2008 and 3,424 in 2007 | 4,675,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other purchased intangibles, net of accumulated amortization of 1,767 in 2008 and 1,687 in 2007 | 964,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mandatorily redeemable convertible preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable, net of progress payments of 43,630 in 2008 and 40,475 in 2007 | 4,325,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventoried costs, net of progress payments of 1,560 in 2008 and 1,345 in 2007 | 1,089,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 3,608 in 2008 and 3,424 in 2007 | 4,651,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other purchased intangibles, net of accumulated amortization of 1,739 in 2008 and 1,687 in 2007 | 992,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable, net of progress payments of 41,983 in 2008 and 40,475 in 2007 | 4,358,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventoried costs, net of progress payments of 1,479 in 2008 and 1,345 in 2007 | 1,132,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant, and equipment, net of accumulated depreciation of 3,552 in 2008 and 3,424 in 2007 | 4,645,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other purchased intangibles, net of accumulated amortization of 1,711 in 2008 and 1,687 in 2007 | 1,020,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other purchased intangibles, net of accumulated amortization of 1,687 in 2007 and 1,555 in 2006 | 1,074,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax payable |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net earnings | 875,000,000 | 1,427,000,000 | 1,100,000,000 | 1,174,000,000 | 481,000,000 | 1,264,000,000 | 1,026,000,000 | 940,000,000 | 944,000,000 | -535,000,000 | 937,000,000 | 812,000,000 | 842,000,000 | 2,080,000,000 | 915,000,000 | 946,000,000 | 955,000,000 | 2,710,000,000 | 1,063,000,000 | 1,037,000,000 | 2,195,000,000 | 330,000,000 | 986,000,000 | 1,005,000,000 | 868,000,000 | -409,000,000 | 933,000,000 | 861,000,000 | 863,000,000 | 657,000,000 | 1,144,000,000 | 689,000,000 | 739,000,000 | 178,000,000 | 645,000,000 | 552,000,000 | 640,000,000 | 525,000,000 | 602,000,000 | 517,000,000 | 556,000,000 | 459,000,000 | 516,000,000 | 531,000,000 | 484,000,000 | 506,000,000 | 473,000,000 | 511,000,000 | 579,000,000 | ||||||||||||||||||||||||
adjustments to reconcile to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 372,000,000 | 406,000,000 | 379,000,000 | 350,000,000 | 337,000,000 | 414,000,000 | 331,000,000 | 326,000,000 | 299,000,000 | 400,000,000 | 317,000,000 | 323,000,000 | 298,000,000 | 382,000,000 | 327,000,000 | 330,000,000 | 303,000,000 | 331,000,000 | 314,000,000 | 300,000,000 | 294,000,000 | 345,000,000 | 317,000,000 | 308,000,000 | 297,000,000 | 281,000,000 | 258,000,000 | 245,000,000 | 234,000,000 | 266,000,000 | 253,000,000 | 159,000,000 | 122,000,000 | 153,000,000 | 111,000,000 | 107,000,000 | 104,000,000 | 134,000,000 | 113,000,000 | 106,000,000 | 103,000,000 | 138,000,000 | 113,000,000 | 117,000,000 | 99,000,000 | 140,000,000 | 105,000,000 | 108,000,000 | 109,000,000 | ||||||||||||||||||||||||
stock-based compensation | 20,000,000 | 54,000,000 | 25,000,000 | 20,000,000 | 20,000,000 | 29,000,000 | 26,000,000 | 26,000,000 | 20,000,000 | 23,000,000 | 17,000,000 | 28,000,000 | 19,000,000 | 27,000,000 | 30,000,000 | 24,000,000 | 18,000,000 | 23,000,000 | 31,000,000 | 22,000,000 | 18,000,000 | 29,000,000 | 25,000,000 | 18,000,000 | 18,000,000 | 34,000,000 | 38,000,000 | 29,000,000 | 26,000,000 | 4,000,000 | 29,000,000 | 34,000,000 | 19,000,000 | 28,000,000 | 24,000,000 | 25,000,000 | 17,000,000 | 32,000,000 | 24,000,000 | 23,000,000 | 14,000,000 | 29,000,000 | 23,000,000 | 23,000,000 | 24,000,000 | 41,000,000 | 42,000,000 | 29,000,000 | 22,000,000 | ||||||||||||||||||||||||
deferred income taxes | 308,000,000 | 204,000,000 | 458,000,000 | -80,000,000 | -34,000,000 | -195,000,000 | -157,000,000 | -127,000,000 | -103,000,000 | -690,000,000 | 125,000,000 | -218,000,000 | -205,000,000 | 117,000,000 | -39,000,000 | -198,000,000 | -201,000,000 | 708,000,000 | 16,000,000 | -122,000,000 | 1,000,000 | -159,000,000 | 200,000,000 | 13,000,000 | 156,000,000 | -533,000,000 | -24,000,000 | 15,000,000 | 33,000,000 | 58,000,000 | 193,000,000 | 38,000,000 | -55,000,000 | 524,000,000 | 126,000,000 | -31,000,000 | -16,000,000 | 49,000,000 | 76,000,000 | -54,000,000 | -35,000,000 | 407,000,000 | 26,000,000 | -65,000,000 | 204,000,000 | 140,000,000 | 55,000,000 | -19,000,000 | 40,000,000 | ||||||||||||||||||||||||
b-21 loss provision | 0 | 0 | 477,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net periodic pension and opb income | -120,000,000 | -90,000,000 | -87,000,000 | -88,000,000 | -81,000,000 | -99,000,000 | -113,000,000 | -113,000,000 | -113,000,000 | -78,000,000 | -76,000,000 | -78,000,000 | -76,000,000 | -298,000,000 | -298,000,000 | -299,000,000 | -298,000,000 | -273,000,000 | -272,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension and opb contributions | -33,000,000 | -36,000,000 | -32,000,000 | -34,000,000 | -28,000,000 | -36,000,000 | -24,000,000 | -33,000,000 | -36,000,000 | -31,000,000 | -33,000,000 | -35,000,000 | -40,000,000 | -30,000,000 | -35,000,000 | -35,000,000 | -36,000,000 | -33,000,000 | -34,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | -431,000,000 | 608,000,000 | 213,000,000 | -387,000,000 | -542,000,000 | 337,000,000 | 85,000,000 | 138,000,000 | -378,000,000 | 310,000,000 | 335,000,000 | -41,000,000 | -550,000,000 | 425,000,000 | 451,000,000 | -674,000,000 | -246,000,000 | 123,000,000 | 320,000,000 | -200,000,000 | -253,000,000 | 347,000,000 | 31,000,000 | 147,000,000 | -810,000,000 | 785,000,000 | -279,000,000 | 334,000,000 | -718,000,000 | 254,000,000 | 93,000,000 | 42,000,000 | -187,000,000 | 438,000,000 | -134,000,000 | -208,000,000 | -773,000,000 | 369,000,000 | -183,000,000 | -133,000,000 | -514,000,000 | 433,000,000 | -119,000,000 | -19,000,000 | -325,000,000 | 426,000,000 | 46,000,000 | -46,000,000 | -531,000,000 | ||||||||||||||||||||||||
unbilled receivables | -551,000,000 | 486,000,000 | 103,000,000 | -274,000,000 | -1,069,000,000 | 610,000,000 | -84,000,000 | 16,000,000 | -757,000,000 | 534,000,000 | -397,000,000 | 342,000,000 | -232,000,000 | 392,000,000 | -319,000,000 | -93,000,000 | -626,000,000 | 182,000,000 | -284,000,000 | 45,000,000 | -357,000,000 | 546,000,000 | -260,000,000 | 458,000,000 | -584,000,000 | 443,000,000 | -120,000,000 | 101,000,000 | -759,000,000 | 601,000,000 | -328,000,000 | -166,000,000 | -404,000,000 | ||||||||||||||||||||||||||||||||||||||||
inventoried costs | -144,000,000 | 276,000,000 | -77,000,000 | 23,000,000 | -125,000,000 | 184,000,000 | -144,000,000 | -136,000,000 | -262,000,000 | 176,000,000 | -65,000,000 | -194,000,000 | -137,000,000 | -34,000,000 | -73,000,000 | -71,000,000 | -27,000,000 | 61,000,000 | -9,000,000 | -3,000,000 | -101,000,000 | 88,000,000 | -21,000,000 | -47,000,000 | -2,000,000 | 21,000,000 | 0 | -32,000,000 | -124,000,000 | 65,000,000 | -29,000,000 | -36,000,000 | -37,000,000 | 227,000,000 | 32,000,000 | -106,000,000 | -117,000,000 | -29,000,000 | 184,000,000 | -81,000,000 | -89,000,000 | 50,000,000 | -13,000,000 | -41,000,000 | -76,000,000 | -67,000,000 | 76,000,000 | 33,000,000 | -66,000,000 | ||||||||||||||||||||||||
prepaid expenses and other assets | -37,000,000 | 37,000,000 | -50,000,000 | 63,000,000 | -42,000,000 | 50,000,000 | -60,000,000 | -4,000,000 | 49,000,000 | 41,000,000 | -193,000,000 | 120,000,000 | -54,000,000 | 66,000,000 | -178,000,000 | 98,000,000 | 16,000,000 | 60,000,000 | -20,000,000 | 64,000,000 | -38,000,000 | -25,000,000 | -106,000,000 | -72,000,000 | 56,000,000 | 3,000,000 | -33,000,000 | -25,000,000 | -23,000,000 | 53,000,000 | -166,000,000 | 44,000,000 | 13,000,000 | 5,000,000 | -61,000,000 | 21,000,000 | -46,000,000 | 34,000,000 | -151,000,000 | 11,000,000 | -4,000,000 | 16,000,000 | -21,000,000 | 32,000,000 | 16,000,000 | 43,000,000 | -7,000,000 | -17,000,000 | -6,000,000 | ||||||||||||||||||||||||
trade accounts payable | -559,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advance payments and billings in excess of costs incurred | -389,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | -802,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable | -164,000,000 | -138,000,000 | -276,000,000 | -203,000,000 | 58,000,000 | 37,000,000 | 181,000,000 | 706,000,000 | 219,000,000 | -698,000,000 | -245,000,000 | -291,000,000 | 576,000,000 | -223,000,000 | -142,000,000 | -275,000,000 | 361,000,000 | -448,000,000 | -218,000,000 | -147,000,000 | 1,028,000,000 | -349,000,000 | -219,000,000 | 320,000,000 | 10,000,000 | -29,000,000 | -228,000,000 | 54,000,000 | 140,000,000 | -144,000,000 | -300,000,000 | -11,000,000 | 197,000,000 | -99,000,000 | -148,000,000 | -62,000,000 | 152,000,000 | -70,000,000 | -7,000,000 | 51,000,000 | 174,000,000 | -268,000,000 | 89,000,000 | -52,000,000 | 366,000,000 | -117,000,000 | 98,000,000 | -176,000,000 | 279,000,000 | ||||||||||||||||||||||||
other operating activities | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | -1,656,000,000 | 3,897,000,000 | 1,557,000,000 | 868,000,000 | -1,565,000,000 | 2,578,000,000 | 1,091,000,000 | 1,425,000,000 | -706,000,000 | 2,430,000,000 | 1,228,000,000 | 919,000,000 | -702,000,000 | 2,251,000,000 | 1,335,000,000 | -197,000,000 | -488,000,000 | 1,442,000,000 | 1,163,000,000 | 1,028,000,000 | -66,000,000 | 1,602,000,000 | 1,359,000,000 | 2,337,000,000 | -993,000,000 | 2,464,000,000 | 1,139,000,000 | 1,607,000,000 | -913,000,000 | 2,377,000,000 | 812,000,000 | 875,000,000 | -237,000,000 | 1,607,000,000 | 938,000,000 | 507,000,000 | -439,000,000 | 1,531,000,000 | 738,000,000 | 604,000,000 | -60,000,000 | 1,633,000,000 | 557,000,000 | 626,000,000 | -654,000,000 | 1,490,000,000 | 933,000,000 | 572,000,000 | -402,000,000 | 1,204,000,000 | 950,000,000 | 328,000,000 | 1,000,000 | 1,057,000,000 | 812,000,000 | 876,000,000 | -105,000,000 | 1,321,000,000 | 948,000,000 | -34,000,000 | -120,000,000 | 1,387,000,000 | 978,000,000 | 619,000,000 | -531,000,000 | 931,000,000 | 544,000,000 | 830,000,000 | -172,000,000 | 1,037,000,000 | 1,373,000,000 | 607,000,000 | 194,000,000 |
investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | -167,000,000 | -662,000,000 | -301,000,000 | -231,000,000 | -256,000,000 | -816,000,000 | -361,000,000 | -320,000,000 | -270,000,000 | -803,000,000 | -359,000,000 | -304,000,000 | -309,000,000 | -632,000,000 | -296,000,000 | -263,000,000 | -244,000,000 | -733,000,000 | -247,000,000 | -230,000,000 | -205,000,000 | -592,000,000 | -287,000,000 | -269,000,000 | -272,000,000 | -471,000,000 | -257,000,000 | -252,000,000 | -284,000,000 | -463,000,000 | -282,000,000 | -199,000,000 | -305,000,000 | -278,000,000 | -217,000,000 | -217,000,000 | -216,000,000 | -312,000,000 | -137,000,000 | -173,000,000 | -298,000,000 | -137,000,000 | -102,000,000 | -115,000,000 | -117,000,000 | -276,000,000 | -109,000,000 | -116,000,000 | -60,000,000 | -186,000,000 | -90,000,000 | -48,000,000 | -40,000,000 | -135,000,000 | -64,000,000 | -51,000,000 | -81,000,000 | -164,000,000 | -108,000,000 | -94,000,000 | -122,000,000 | -372,000,000 | -160,000,000 | -103,000,000 | -135,000,000 | -218,000,000 | -139,000,000 | -135,000,000 | -162,000,000 | -237,000,000 | -167,000,000 | -134,000,000 | -143,000,000 |
free cash flows | -1,823,000,000 | 3,235,000,000 | 1,256,000,000 | 637,000,000 | -1,821,000,000 | 1,762,000,000 | 730,000,000 | 1,105,000,000 | -976,000,000 | 1,627,000,000 | 869,000,000 | 615,000,000 | -1,011,000,000 | 1,619,000,000 | 1,039,000,000 | -460,000,000 | -732,000,000 | 709,000,000 | 916,000,000 | 798,000,000 | -271,000,000 | 1,010,000,000 | 1,072,000,000 | 2,068,000,000 | -1,265,000,000 | 1,993,000,000 | 882,000,000 | 1,355,000,000 | -1,197,000,000 | 1,914,000,000 | 530,000,000 | 676,000,000 | -542,000,000 | 1,329,000,000 | 721,000,000 | 290,000,000 | -655,000,000 | 1,219,000,000 | 601,000,000 | 431,000,000 | -358,000,000 | 1,496,000,000 | 455,000,000 | 511,000,000 | -771,000,000 | 1,214,000,000 | 824,000,000 | 456,000,000 | -462,000,000 | 1,018,000,000 | 860,000,000 | 280,000,000 | -39,000,000 | 922,000,000 | 748,000,000 | 825,000,000 | -186,000,000 | 1,157,000,000 | 840,000,000 | -128,000,000 | -242,000,000 | 1,015,000,000 | 818,000,000 | 516,000,000 | -666,000,000 | 713,000,000 | 405,000,000 | 695,000,000 | -334,000,000 | 800,000,000 | 1,206,000,000 | 473,000,000 | 51,000,000 |
other investing activities | -1,000,000 | 4,000,000 | 38,000,000 | -4,000,000 | 2,000,000 | -12,000,000 | 0 | 0 | -72,000,000 | 9,000,000 | 3,000,000 | 4,000,000 | 2,000,000 | -10,000,000 | 6,000,000 | 35,000,000 | 4,000,000 | 2,000,000 | 7,000,000 | -26,000,000 | -2,000,000 | 21,000,000 | 3,000,000 | 14,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 0 | 0 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -168,000,000 | -664,000,000 | -300,000,000 | 61,000,000 | -252,000,000 | -798,000,000 | -361,000,000 | -321,000,000 | -269,000,000 | -770,000,000 | -200,000,000 | -303,000,000 | -309,000,000 | -578,000,000 | -195,000,000 | -219,000,000 | -249,000,000 | -741,000,000 | -223,000,000 | -174,000,000 | 3,196,000,000 | -383,000,000 | -289,000,000 | -269,000,000 | -270,000,000 | -422,000,000 | -250,000,000 | -255,000,000 | -280,000,000 | -458,000,000 | -261,000,000 | -7,852,000,000 | -307,000,000 | -260,000,000 | -203,000,000 | -212,000,000 | -214,000,000 | -200,000,000 | -136,000,000 | -171,000,000 | -298,000,000 | -133,000,000 | -64,000,000 | -119,000,000 | -115,000,000 | -288,000,000 | -109,000,000 | -116,000,000 | -132,000,000 | -177,000,000 | -87,000,000 | -44,000,000 | -38,000,000 | -145,000,000 | -101,000,000 | -7,000,000 | 169,000,000 | -409,000,000 | -101,000,000 | -91,000,000 | 1,281,000,000 | -380,000,000 | -163,000,000 | -83,000,000 | -135,000,000 | 1,406,000,000 | -177,000,000 | -186,000,000 | -176,000,000 | -327,000,000 | -167,000,000 | 16,000,000 | -148,000,000 |
financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of long-term debt | -527,000,000 | 0 | 0 | 0 | -1,500,000,000 | 0 | 0 | 0 | -36,000,000 | -2,200,000,000 | -1,000,000,000 | 0 | 0 | -726,000,000 | -214,000,000 | 0 | 0 | -107,000,000 | 0 | 0 | -18,000,000 | 0 | 0 | -750,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
net borrowings on commercial paper | 498,000,000 | -908,000,000 | 1,474,000,000 | 744,000,000 | 100,000,000 | -713,000,000 | 814,000,000 | -301,000,000 | 250,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock repurchases | -68,000,000 | -456,000,000 | -277,000,000 | -411,000,000 | -480,000,000 | -441,000,000 | -321,000,000 | -562,000,000 | -1,190,000,000 | -346,000,000 | -223,000,000 | -208,000,000 | -723,000,000 | -493,000,000 | -371,000,000 | -322,000,000 | -318,000,000 | -981,000,000 | -581,000,000 | -143,000,000 | -2,000,000,000 | 0 | 0 | -146,000,000 | -344,000,000 | -300,000,000 | -213,000,000 | -171,000,000 | -60,000,000 | -1,054,000,000 | -168,000,000 | 0 | -26,000,000 | -138,000,000 | -229,000,000 | -398,000,000 | -467,000,000 | -400,000,000 | -282,000,000 | -318,000,000 | -948,000,000 | -1,091,000,000 | -825,000,000 | -610,000,000 | -757,000,000 | -731,000,000 | -570,000,000 | -710,000,000 | -740,000,000 | -465,000,000 | -456,000,000 | -470,000,000 | -291,000,000 | -292,000,000 | -263,000,000 | -697,000,000 | -585,000,000 | -1,000,000,000 | -13,000,000 | -117,000,000 | -205,000,000 | -348,000,000 | -507,000,000 | -450,000,000 | -227,000,000 | -273,000,000 | -150,000,000 | -93,000,000 | -657,000,000 | -205,000,000 | -600,000,000 | ||
cash dividends paid | -333,000,000 | -329,000,000 | -330,000,000 | -332,000,000 | -302,000,000 | -299,000,000 | -301,000,000 | -303,000,000 | -283,000,000 | -282,000,000 | -280,000,000 | -284,000,000 | -270,000,000 | -266,000,000 | -267,000,000 | -268,000,000 | -251,000,000 | -246,000,000 | -251,000,000 | -248,000,000 | -238,000,000 | -242,000,000 | -242,000,000 | -242,000,000 | -227,000,000 | -222,000,000 | -223,000,000 | -224,000,000 | -211,000,000 | -205,000,000 | -209,000,000 | -209,000,000 | -198,000,000 | -174,000,000 | -174,000,000 | -175,000,000 | -166,000,000 | -158,000,000 | -160,000,000 | -163,000,000 | -159,000,000 | -145,000,000 | -149,000,000 | -153,000,000 | -156,000,000 | -140,000,000 | -143,000,000 | -148,000,000 | -132,000,000 | -134,000,000 | -139,000,000 | -142,000,000 | -130,000,000 | -134,000,000 | -136,000,000 | -138,000,000 | -127,000,000 | ||||||||||||||||
payments of employee taxes withheld from share-based awards | -57,000,000 | -1,000,000 | 0 | 0 | -38,000,000 | -1,000,000 | 0 | -2,000,000 | -55,000,000 | -1,000,000 | -1,000,000 | -3,000,000 | -47,000,000 | 0 | -2,000,000 | 0 | -48,000,000 | -1,000,000 | -2,000,000 | -1,000,000 | -30,000,000 | 0 | -2,000,000 | -1,000,000 | -63,000,000 | -2,000,000 | 0 | -2,000,000 | -61,000,000 | -1,000,000 | -4,000,000 | -1,000,000 | -79,000,000 | -1,000,000 | 0 | -1,000,000 | -90,000,000 | -1,000,000 | -2,000,000 | -13,000,000 | -137,000,000 | ||||||||||||||||||||||||||||||||
other financing activities | -2,000,000 | -10,000,000 | -11,000,000 | -2,000,000 | -67,000,000 | 9,000,000 | 2,000,000 | 14,000,000 | -29,000,000 | -3,000,000 | 8,000,000 | -13,000,000 | -73,000,000 | -10,000,000 | -5,000,000 | -2,000,000 | -61,000,000 | -9,000,000 | -3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -489,000,000 | -787,000,000 | -1,199,000,000 | -715,000,000 | -851,000,000 | -753,000,000 | -676,000,000 | -893,000,000 | 927,000,000 | -633,000,000 | -2,330,000,000 | 273,000,000 | 929,000,000 | -762,000,000 | -643,000,000 | -589,000,000 | -619,000,000 | -1,226,000,000 | -826,000,000 | -430,000,000 | -4,520,000,000 | -1,307,000,000 | -253,000,000 | -1,168,000,000 | 2,296,000,000 | -924,000,000 | -850,000,000 | -1,112,000,000 | 462,000,000 | -1,568,000,000 | -862,000,000 | -1,853,000,000 | -312,000,000 | 8,000,000,000 | -240,000,000 | -315,000,000 | -485,000,000 | 107,000,000 | -638,000,000 | -571,000,000 | -684,000,000 | -473,000,000 | -1,108,000,000 | -1,246,000,000 | -448,000,000 | -741,000,000 | -898,000,000 | -865,000,000 | -731,000,000 | -821,000,000 | -823,000,000 | 1,437,000,000 | -642,000,000 | -575,000,000 | -334,000,000 | -403,000,000 | -384,000,000 | -856,000,000 | -711,000,000 | -1,084,000,000 | -843,000,000 | 166,000,000 | -331,000,000 | -453,000,000 | -648,000,000 | -986,000,000 | 501,000,000 | -470,000,000 | -274,000,000 | -222,000,000 | -771,000,000 | -471,000,000 | -580,000,000 |
decrease in cash and cash equivalents | -2,313,000,000 | -2,668,000,000 | -48,000,000 | -82,000,000 | 497,000,000 | -1,005,000,000 | -1,356,000,000 | 39,000,000 | -311,000,000 | -8,830,000,000 | -856,000,000 | 495,000,000 | -20,000,000 | -1,138,000,000 | -36,000,000 | -138,000,000 | -1,042,000,000 | -615,000,000 | -739,000,000 | -1,217,000,000 | -1,265,000,000 | -679,000,000 | 136,000,000 | 83,000,000 | -1,314,000,000 | 174,000,000 | -622,000,000 | 152,000,000 | -534,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of year | 4,403,000,000 | 0 | 0 | 0 | 4,353,000,000 | 0 | 0 | 0 | 3,109,000,000 | 0 | 0 | 0 | 2,577,000,000 | 0 | 0 | 0 | 3,530,000,000 | 0 | 0 | 0 | 4,907,000,000 | 0 | 0 | 0 | 2,245,000,000 | 0 | 0 | 0 | 0 | 0 | 11,225,000,000 | 0 | 0 | 0 | 2,541,000,000 | 0 | 0 | 0 | 2,319,000,000 | 0 | 0 | 0 | 3,863,000,000 | 0 | 0 | 0 | 5,150,000,000 | 0 | 0 | 0 | 3,862,000,000 | 0 | 0 | 0 | 3,002,000,000 | ||||||||||||||||||
cash and cash equivalents, end of period | 2,090,000,000 | 2,446,000,000 | 58,000,000 | 214,000,000 | 1,685,000,000 | 1,027,000,000 | 54,000,000 | 211,000,000 | 3,061,000,000 | -1,302,000,000 | 889,000,000 | 2,495,000,000 | 497,000,000 | -1,005,000,000 | 2,174,000,000 | 114,000,000 | 424,000,000 | 3,517,000,000 | 817,000,000 | 900,000,000 | 3,278,000,000 | 39,000,000 | -311,000,000 | -8,830,000,000 | 10,369,000,000 | 495,000,000 | -20,000,000 | 1,403,000,000 | -36,000,000 | -138,000,000 | 1,277,000,000 | -615,000,000 | -739,000,000 | 2,646,000,000 | -74,000,000 | -409,000,000 | 3,885,000,000 | 40,000,000 | 1,721,000,000 | 3,183,000,000 | 377,000,000 | 466,000,000 | 2,682,000,000 | 136,000,000 | -1,209,000,000 | 4,019,000,000 | 484,000,000 | 83,000,000 | 1,961,000,000 | 868,000,000 | 174,000,000 | 882,000,000 | 435,000,000 | 152,000,000 | 429,000,000 | ||||||||||||||||||
b-21 loss provisions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of business | 0 | 0 | 0 | 0 | 0 | -1,980,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mark-to-market pension and opb expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
divestiture of training services business | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of minority investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of long-term debt | 0 | 0 | 0 | 0 | 0 | 2,495,000,000 | 0 | 0 | 0 | 1,995,000,000 | 0 | 0 | 0 | 2,239,000,000 | 0 | 0 | 0 | 600,000,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in cash and cash equivalents | 2,446,000,000 | 58,000,000 | 1,027,000,000 | 54,000,000 | -525,000,000 | 114,000,000 | 424,000,000 | -1,390,000,000 | -88,000,000 | 817,000,000 | 900,000,000 | 1,033,000,000 | 461,000,000 | -74,000,000 | 206,000,000 | 40,000,000 | 337,000,000 | 377,000,000 | 466,000,000 | -320,000,000 | 318,000,000 | 1,173,000,000 | 1,351,000,000 | 488,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and other liabilities | -150,000,000 | 522,000,000 | -1,014,000,000 | 402,000,000 | 3,000,000 | -337,000,000 | -581,000,000 | 962,000,000 | 600,000,000 | 85,000,000 | -1,128,000,000 | 629,000,000 | 667,000,000 | 8,000,000 | -732,000,000 | 327,000,000 | 251,000,000 | 387,000,000 | -589,000,000 | 436,000,000 | 657,000,000 | 459,000,000 | -833,000,000 | 297,000,000 | 687,000,000 | 113,000,000 | -480,000,000 | 506,000,000 | 297,000,000 | 168,000,000 | -590,000,000 | 580,000,000 | 269,000,000 | 156,000,000 | -466,000,000 | 490,000,000 | -5,000,000 | 77,000,000 | -364,000,000 | 326,000,000 | -88,000,000 | 19,000,000 | -889,000,000 | 425,000,000 | 74,000,000 | ||||||||||||||||||||||||||||
other | -49,000,000 | 13,000,000 | -3,000,000 | 24,000,000 | 21,000,000 | 23,000,000 | -7,000,000 | 35,000,000 | -94,000,000 | 66,000,000 | -15,000,000 | -50,000,000 | 29,000,000 | 42,000,000 | 25,000,000 | 26,000,000 | 5,000,000 | -49,000,000 | 30,000,000 | -46,000,000 | -20,000,000 | -36,000,000 | 68,000,000 | -8,000,000 | -16,000,000 | -4,000,000 | -31,000,000 | 38,000,000 | -54,000,000 | -15,000,000 | 2,000,000 | -1,000,000 | 4,000,000 | -26,000,000 | -20,000,000 | -78,000,000 | -24,000,000 | -17,000,000 | -6,000,000 | -20,000,000 | -24,000,000 | 20,000,000 | -12,000,000 | -19,000,000 | -25,000,000 | -6,000,000 | -19,000,000 | ||||||||||||||||||||||||||
b-21 charge | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of equipment to a customer | 55,000,000 | 0 | 28,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of minority investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
divestiture of it services business | 0 | 0 | 0 | 3,400,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments to credit facilities | -65,000,000 | 0 | -6,000,000 | -7,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net repayments of commercial paper | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retiree benefits | -314,000,000 | -974,000,000 | -231,000,000 | -236,000,000 | -237,000,000 | -281,000,000 | -137,000,000 | -143,000,000 | -142,000,000 | -636,000,000 | -320,000,000 | -71,000,000 | -56,000,000 | -426,000,000 | 70,000,000 | 79,000,000 | 86,000,000 | 75,000,000 | 109,000,000 | 104,000,000 | 105,000,000 | 55,000,000 | 60,000,000 | 62,000,000 | -440,000,000 | -22,000,000 | -3,000,000 | -6,000,000 | 14,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
acquisition of orbital atk, net of cash acquired | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (repayments of) borrowings on commercial paper | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash lease expense | 60,000,000 | 60,000,000 | 59,000,000 | 68,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net payments to credit facilities | -11,000,000 | 0 | -20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in cash, cash equivalents and restricted cash | -731,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of year | 1,579,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of period | 848,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (payments to) proceeds from credit facilities | -14,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefits from stock-based compensation | 8,000,000 | -5,000,000 | -1,000,000 | -105,000,000 | -6,000,000 | -1,000,000 | -6,000,000 | -68,000,000 | -4,000,000 | -12,000,000 | -2,000,000 | -27,000,000 | 7,000,000 | -3,000,000 | -12,000,000 | -9,000,000 | -10,000,000 | -2,000,000 | -5,000,000 | -5,000,000 | 0 | -1,000,000 | -2,000,000 | -1,000,000 | -44,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from credit facilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
maturities of short-term investments | 0 | 0 | 0 | 250,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accruals | -755,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sources of cash—continuing operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash received from customers | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other cash receipts | 33,000,000 | 34,000,000 | 5,000,000 | 27,000,000 | 32,000,000 | 29,000,000 | 11,000,000 | 27,000,000 | 46,000,000 | 23,000,000 | 73,000,000 | 7,000,000 | 33,000,000 | 25,000,000 | 2,000,000 | 1,000,000 | 5,000,000 | 12,000,000 | -31,000,000 | 51,000,000 | 1,000,000 | 50,000,000 | 4,000,000 | 28,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
total sources of cash—continuing operations | 6,531,000,000 | 6,430,000,000 | 6,533,000,000 | 5,969,000,000 | 6,666,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
uses of cash—continuing operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid to suppliers and employees | -4,918,000,000 | -4,853,000,000 | -5,053,000,000 | -5,649,000,000 | -5,059,000,000 | -5,046,000,000 | -5,111,000,000 | -5,858,000,000 | -4,928,000,000 | -5,439,000,000 | -5,490,000,000 | -6,202,000,000 | -6,979,000,000 | -7,297,000,000 | -7,496,000,000 | -8,003,000,000 | -6,533,000,000 | -7,163,000,000 | -8,024,000,000 | -7,530,000,000 | -8,232,000,000 | -7,479,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
pension contributions | -18,000,000 | -18,000,000 | -517,000,000 | -26,000,000 | -18,000,000 | -316,000,000 | -16,000,000 | -17,000,000 | -512,000,000 | -22,000,000 | -456,000,000 | -74,000,000 | -26,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid, net of interest received | -51,000,000 | -72,000,000 | -31,000,000 | -80,000,000 | -23,000,000 | -75,000,000 | -24,000,000 | -78,000,000 | -22,000,000 | -86,000,000 | -23,000,000 | -96,000,000 | -26,000,000 | -110,000,000 | -18,000,000 | -126,000,000 | -29,000,000 | -99,000,000 | -43,000,000 | -98,000,000 | -36,000,000 | -98,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid, net of refunds received | -301,000,000 | -167,000,000 | -386,000,000 | -26,000,000 | -359,000,000 | -176,000,000 | -492,000,000 | -92,000,000 | -19,000,000 | -178,000,000 | -567,000,000 | -46,000,000 | -138,000,000 | -301,000,000 | -521,000,000 | -111,000,000 | -99,000,000 | -208,000,000 | -394,000,000 | -73,000,000 | -150,000,000 | -87,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
other cash payments | -20,000,000 | -14,000,000 | -7,000,000 | -40,000,000 | -11,000,000 | 7,000,000 | -12,000,000 | -2,000,000 | -6,000,000 | -4,000,000 | -11,000,000 | -21,000,000 | -9,000,000 | -5,000,000 | -1,000,000 | 29,000,000 | -36,000,000 | -22,000,000 | -4,000,000 | -1,000,000 | -4,000,000 | -3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
total uses of cash—continuing operations | -5,474,000,000 | -5,618,000,000 | -5,657,000,000 | -6,074,000,000 | -5,718,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from continuing operations | 1,057,000,000 | 812,000,000 | 876,000,000 | -105,000,000 | 1,321,000,000 | 948,000,000 | -34,000,000 | 112,000,000 | 1,387,000,000 | 978,000,000 | 619,000,000 | -531,000,000 | 829,000,000 | 544,000,000 | 830,000,000 | -172,000,000 | 1,037,000,000 | 1,374,000,000 | 600,000,000 | 197,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from discontinued operations | 0 | 0 | 0 | -232,000,000 | 0 | -1,000,000 | 7,000,000 | -3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
continuing operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contribution received from the spin-off of shipbuilding business | 0 | 0 | 0 | 1,429,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of short-term investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from investing activities from continuing operations | -145,000,000 | -101,000,000 | -7,000,000 | 169,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from investing activities from discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercises of stock options | 26,000,000 | 48,000,000 | 93,000,000 | 17,000,000 | 35,000,000 | 86,000,000 | 27,000,000 | 40,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sources of cash | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
collections on billings | 4,313,000,000 | 4,976,000,000 | 4,582,000,000 | 5,260,000,000 | 5,721,000,000 | 4,990,000,000 | 4,921,000,000 | 5,101,000,000 | 5,499,000,000 | 5,601,000,000 | 5,427,000,000 | 6,934,000,000 | 7,143,000,000 | 8,663,000,000 | 5,339,000,000 | 4,906,000,000 | 6,895,000,000 | 6,972,000,000 | 6,326,000,000 | 7,110,000,000 | 6,845,000,000 | 7,033,000,000 | 5,950,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
progress payments | 1,727,000,000 | 1,341,000,000 | 1,213,000,000 | 1,239,000,000 | 680,000,000 | 1,532,000,000 | 1,021,000,000 | 1,684,000,000 | 1,144,000,000 | 940,000,000 | 1,035,000,000 | 2,040,000,000 | 1,615,000,000 | 367,000,000 | 2,379,000,000 | 3,089,000,000 | 1,912,000,000 | 2,386,000,000 | 1,174,000,000 | 2,353,000,000 | 2,146,000,000 | 1,711,000,000 | 1,608,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
total sources of cash | 6,074,000,000 | 6,322,000,000 | 5,822,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
uses of cash | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total uses of cash | -5,124,000,000 | -5,994,000,000 | -5,821,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt | -7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from financing activities from continuing operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from financing activities from discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of business, net of cash divested | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sources of cash — continuing operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total sources of cash — continuing operations | 6,469,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
uses of cash — continuing operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid on sale of business | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total uses of cash — continuing operations | -6,357,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to property, plant, and equipment | -164,000,000 | -108,000,000 | -94,000,000 | -122,000,000 | -372,000,000 | -160,000,000 | -103,000,000 | -135,000,000 | -218,000,000 | -139,000,000 | -135,000,000 | -162,000,000 | -237,000,000 | -167,000,000 | -134,000,000 | -143,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of short term investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
maturities of short term investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from investing activities by continuing operations | -409,000,000 | -101,000,000 | -91,000,000 | 1,344,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from investing activities by discontinued operations | 0 | 0 | 0 | -63,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercises of stock options and common stock issuances | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from financing activities by continuing operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from financing activities by discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in restricted cash | 3,000,000 | 0 | 31,000,000 | 0 | -31,000,000 | 0 | 3,000,000 | 2,000,000 | 22,000,000 | 11,000,000 | 26,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid | -137,000,000 | -140,000,000 | -137,000,000 | -137,000,000 | -138,000,000 | -141,000,000 | -129,000,000 | -134,000,000 | -136,000,000 | -138,000,000 | -131,000,000 | -130,000,000 | -134,000,000 | -135,000,000 | -126,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercises of stock options and issuances of common stock | 11,000,000 | 43,000,000 | 43,000,000 | 30,000,000 | 9,000,000 | 33,000,000 | 70,000,000 | 22,000,000 | 12,000,000 | 9,000,000 | 8,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 3,701,000,000 | 0 | 0 | 3,275,000,000 | 0 | 0 | 1,504,000,000 | 0 | 0 | 963,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for outsourcing contract costs and related software costs | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -3,000,000 | -10,000,000 | -21,000,000 | -19,000,000 | -18,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net borrowings under lines of credit | 5,000,000 | -5,000,000 | 2,000,000 | -16,000,000 | 33,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid on sale of businesses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of businesses, net of cash divested | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for businesses purchased | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sources of cash – continuing operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total sources of cash – continuing operations | 8,783,000,000 | 9,032,000,000 | 7,719,000,000 | 8,819,000,000 | 9,327,000,000 | 7,551,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
uses of cash – continuing operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total uses of cash – continuing operations | -7,805,000,000 | -8,413,000,000 | -8,250,000,000 | -8,275,000,000 | -8,497,000,000 | -7,723,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments of long-term debt | -1,000,000 | -1,000,000 | -89,000,000 | -401,000,000 | -1,000,000 | -3,000,000 | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net borrowings (payments) under lines of credit | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
insurance proceeds received | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (payments) borrowings under lines of credit | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for litigation settlements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for businesses purchased, net of cash acquired | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of property, plant, and equipment | 9,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from insurance carriers related to capital expenditures | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of investments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment for purchase of investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from insurance carriers related to operations | 0 | 0 | 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total sources of cash-continuing operations | 9,041,000,000 | 8,739,000,000 | 7,600,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total uses of cash-continuing operations | -7,667,000,000 | -8,139,000,000 | -7,403,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment for businesses purchased, net of cash acquired | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for outsourcing contract and related software costs | -23,000,000 | -42,000,000 | -35,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercises of stock options and issuance of common stock | 13,000,000 | 13,000,000 | 69,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment for business purchased, net of cash acquired | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net payments under lines of credit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax refunds received | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest received | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
uses of cash—continuing operations cash paid to suppliers and employees | -7,189,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid | -113,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid | -54,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from disposals of property, plant and equipment | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other collections | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from insurance carrier | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restriction of cash, net of restrictions released | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for outsourcing contract costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings under lines of credit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of borrowings under lines of credit |