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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities    
Net earnings $ 1,724 $ 1,629
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 479 281
Non-cash lease expense 127 0
Stock-based compensation 55 53
Deferred income taxes 48 49
Changes in assets and liabilities:    
Accounts receivable, net (384) (145)
Unbilled receivables, net (658) (570)
Inventoried costs, net (156) (73)
Prepaid expenses and other assets (48) 57
Accounts payable and other liabilities (367) (422)
Income taxes payable, net 194 186
Retiree benefits (285) (394)
Other, net (35) (13)
Net cash provided by operating activities 694 638
Investing activities    
Acquisition of Orbital ATK, net of cash acquired 0 (7,657)
Capital expenditures (536) (504)
Other, net 1 2
Net cash used in investing activities (535) (8,159)
Financing activities    
Payments of long-term debt 0 (1,550)
Net payments to credit facilities (20) (314)
Net borrowings on commercial paper 101 249
Common stock repurchases (231) (41)
Cash dividends paid (435) (407)
Payments of employee taxes withheld from share-based awards (63) (80)
Other, net (2) (22)
Net cash used in financing activities (650) (2,165)
Decrease in cash and cash equivalents (491) (9,686)
Cash and cash equivalents, beginning of year 1,579 11,225
Cash and cash equivalents, end of period $ 1,088 $ 1,539