XML 56 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash received from customers    
Collections on billings $ 15,632 $ 16,527
Progress payments 3,233 3,119
Other cash receipts 67 103
Total sources of cash - continuing operations 18,932 19,749
Uses of cash - continuing operations    
Cash paid to suppliers and employees (16,015) (17,131)
Pension contributions (349) (572)
Interest paid, net of interest received (177) (205)
Income taxes paid, net of refunds received (760) (791)
Excess tax benefits from stock-based compensation (41) (24)
Other cash payments (7) 0
Total uses of cash - continuing operations (17,349) (18,723)
Cash provided by continuing operations 1,583 1,026
Cash used in discontinued operations 0 (232)
Net cash provided by operating activities 1,583 794
Continuing operations    
Maturities of short-term investments 250 0
Capital expenditures (196) (326)
Contribution received from the spin-off of shipbuilding business 0 1,429
Other investing activities, net 7 49
Cash provided by investing activities from continuing operations 61 1,152
Cash used in investing activities from discontinued operations 0 (63)
Net cash provided by investing activities 61 1,089
Financing activities    
Common stock repurchases (846) (1,598)
Cash dividends paid (401) (414)
Proceeds from exercises of stock options 153 97
Excess tax benefits from stock-based compensation 41 24
Payments of long-term debt 0 (750)
Other financing activities, net (68) 3
Net cash used in financing activities (1,121) (2,638)
Increase (decrease) in cash and cash equivalents 523 (755)
Cash and cash equivalents, beginning of year 3,002 3,701
Cash and cash equivalents, end of period $ 3,525 $ 2,946