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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net earnings $ 2,200 $ 1,990 $ 2,069
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation and amortization 456 467 462
Stock-based compensation 93 99 134
Excess tax benefits from stock-based compensation 0 (103) (81)
Deferred income taxes 36 572 216
Changes in assets and liabilities:      
Accounts receivable, net (461) (30) (105)
Inventoried costs, net (15) (80) (24)
Prepaid expenses and other assets (110) 43 13
Accounts payable and other liabilities 198 (632) (89)
Income taxes payable 148 135 84
Retiree benefits 393 (263) (17)
Other, net (125) (36) (69)
Net cash provided by operating activities 2,813 2,162 2,593
Investing activities      
Capital expenditures (920) (471) (561)
Other investing activities, net 115 40 (84)
Net cash used in investing activities (805) (431) (645)
Financing activities      
Common stock repurchases (1,547) (3,182) (2,668)
Net proceeds from issuance of long-term debt 749 600 0
Payments of long-term debt (321) 0 0
Cash dividends paid (640) (603) (563)
Payments of employee taxes withheld from share-based awards (153) (186) (127)
Net proceeds from credit facilities 135 0 0
Other financing activities, net (9) 96 123
Net cash used in financing activities (1,786) (3,275) (3,235)
(Decrease) increase in cash and cash equivalents 222 (1,544) (1,287)
Cash and cash equivalents, beginning of year 2,319 3,863 5,150
Cash and cash equivalents, end of year $ 2,541 $ 2,319 $ 3,863