Business Acquisition (Unaudited) Business Acquisition (Unaudited) (Tables)

6 Months Ended

Jun. 30, 2018

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The Merger date fair value of the consideration transferred totaled $7.7 billion in cash, which was comprised of the following:

($ in millions, except per share amounts)	Purchase price
Shares of Orbital ATK common stock outstanding as of the Merger date	57,562,152
Cash consideration per share of Orbital ATK common stock	$	134.50
Total purchase price	$	7,742

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following preliminary purchase price allocation table presents the company’s initial estimate of the fair values of assets acquired and liabilities assumed at the Merger date:

($ in millions)	As of June 6, 2018
Cash and cash equivalents	$	85
Accounts receivable, net	616
Unbilled receivables, net	1,237
Inventoried costs, net	220
Other current assets	193
Property, plant and equipment	1,500
Goodwill	6,295
Intangible assets	1,305
Deferred tax assets	(230		)
Other non-current assets	131
Total assets acquired	11,352
Trade accounts payable	(397		)
Accrued employee compensation	(158		)
Advance payments and amounts in excess of costs incurred	(222		)
Below market contracts(1)	(155		)
Other current liabilities	(298		)
Long-term debt	(1,687		)
Pension and other post-retirement benefit plan liabilities	(557		)
Other non-current liabilities	(136		)
Total liabilities assumed	(3,610		)
Total purchase price	$	7,742

⁽¹⁾  Included in Other current liabilities.

Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]

The following table presents a preliminary summary of purchased intangible assets and their related estimated useful lives:

	Fair Value (in millions)		Estimated Useful Life in Years
Customer contracts	$	1,040	9
Commercial customer relationships	265		13
Total customer-related intangible assets	$	1,305

Business Acquisition, Pro Forma Information [Table Text Block]

The following table presents unaudited pro forma financial information as if Orbital ATK had been included in our results as of January 1, 2017:

	Three Months Ended June 30				Six Months Ended June 30
($ in millions, except per share amounts)	2018		2017		2018		2017
Sales	$	8,078	$	7,555	$	16,078	$	15,039
Net earnings	791		572		1,615		1,225
Basic earnings per share	4.53		3.28		9.26		7.01
Diluted earnings per share	4.51		3.26		9.21		6.97