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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities    
Net earnings $ 1,428 $ 1,205
Adjustments to reconcile to net cash (used in) provided by operating activities:    
Depreciation and amortization 281 213
Stock-based compensation 53 42
Deferred income taxes (17) (39)
Changes in assets and liabilities:    
Accounts receivable, net (145) (509)
Unbilled receivables, net (570) (793)
Inventoried costs, net (73) (54)
Prepaid expenses and other assets 57 (34)
Accounts payable and other liabilities (422) (172)
Income taxes payable 186 90
Retiree benefits (127) 165
Other, net (13) (46)
Net cash provided by operating activities 638 68
Investing activities    
Acquisition of Orbital ATK, net of cash acquired (7,657) 0
Capital expenditures (504) (433)
Other, net 2 7
Net cash used in investing activities (8,159) (426)
Financing activities    
Payments of long-term debt (1,550) 0
Payments to credit facilities (314) 0
Net borrowings on commercial paper 249 0
Common stock repurchases (41) (367)
Cash dividends paid (407) (341)
Payments of employee taxes withheld from share-based awards (80) (91)
Other, net (22) (1)
Net cash used in financing activities (2,165) (800)
Decrease in cash and cash equivalents (9,686) (1,158)
Cash and cash equivalents, beginning of year 11,225 2,541
Cash and cash equivalents, end of period $ 1,539 $ 1,383