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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities      
Net earnings $ 2,015 $ 2,200 $ 1,990
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation and amortization 475 456 467
Stock-based compensation 94 93 99
Excess tax benefits from stock-based compensation 0 0 (103)
Deferred income taxes 603 36 572
Changes in assets and liabilities:      
Accounts receivable, net (677) (461) (30)
Inventoried costs, net 36 (15) (80)
Prepaid expenses and other assets (81) (110) 43
Accounts payable and other liabilities 539 198 (632)
Income taxes payable, net (157) 148 135
Retiree benefits (191) 393 (263)
Other, net (43) (125) (36)
Net cash provided by operating activities 2,613 2,813 2,162
Investing activities      
Capital expenditures (928) (920) (471)
Other investing activities, net 39 115 40
Net cash used in investing activities (889) (805) (431)
Financing activities      
Common stock repurchases (393) (1,547) (3,182)
Net proceeds from issuance of long-term debt 8,245 749 600
Payments of long-term debt 0 (321) 0
Net (payments to) proceeds from credit facilities (13) 135 0
Cash dividends paid (689) (640) (603)
Payments of employee taxes withheld from share-based awards (92) (153) (186)
Other financing activities, net (98) (9) 96
Net cash provided by (used in) financing activities 6,960 (1,786) (3,275)
Increase (decrease) in cash and cash equivalents 8,684 222 (1,544)
Cash and cash equivalents, beginning of year 2,541 2,319 3,863
Cash and cash equivalents, end of year $ 11,225 $ 2,541 $ 2,319