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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash received from customers    
Collections on billings $ 9,911 $ 11,028
Progress payments 2,553 1,975
Other cash receipts 38 80
Total sources of cash - continuing operations 12,502 13,083
Uses of cash - continuing operations    
Cash paid to suppliers and employees (10,969) (11,692)
Pension contributions (33) (550)
Interest paid, net of interest received (102) (119)
Income taxes paid, net of refunds received (584) (613)
Excess tax benefits from stock-based compensation (29) (21)
Other cash payments (14) (10)
Total uses of cash - continuing operations (11,731) (13,005)
Cash provided by continuing operations 771 78
Cash used in discontinued operations 0 (232)
Net cash provided by (used in) operating activities 771 (154)
Continuing operations    
Maturities of short-term investments 250 0
Capital expenditures (132) (217)
Contribution received from the spin-off of shipbuilding business 0 1,429
Proceeds from sale of business, net of cash divested 43 0
Other investing activities, net 1 41
Cash provided by investing activities from continuing operations 162 1,253
Cash used in investing activities from discontinued operations 0 (63)
Net cash provided by investing activities 162 1,190
Financing activities    
Common stock repurchases (555) (1,013)
Cash dividends paid (265) (277)
Proceeds from exercises of stock options 67 86
Excess tax benefits from stock-based compensation 29 21
Payments of long-term debt 0 (750)
Other financing activities, net (63) 6
Net cash used in financing activities (787) (1,927)
Increase (decrease) in cash and cash equivalents 146 (891)
Cash and cash equivalents, beginning of year 3,002 3,701
Cash and cash equivalents, end of period $ 3,148 $ 2,810