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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net earnings $ 2,657 $ 2,873
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 737 534
Non-cash lease expense 187 0
Stock-based compensation 93 82
Deferred income taxes 24 275
Changes in assets and liabilities:    
Accounts receivable, net (663) (52)
Unbilled receivables, net (778) (898)
Inventoried costs, net (156) (102)
Prepaid expenses and other assets (81) (109)
Accounts payable and other liabilities 320 (125)
Income taxes payable, net (34) (114)
Retiree benefits (422) (847)
Other, net (51) (67)
Net cash provided by operating activities 1,833 1,450
Investing activities    
Acquisition of Orbital ATK, net of cash acquired 0 (7,657)
Capital expenditures (793) (786)
Other, net 8 23
Net cash used in investing activities (785) (8,420)
Financing activities    
Payments of long-term debt (500) (2,276)
Net payments to credit facilities (31) (314)
Net borrowings on commercial paper 201 499
Common stock repurchases (444) (209)
Cash dividends paid (658) (616)
Payments of employee taxes withheld from share-based awards (63) (84)
Other, net (5) (27)
Net cash used in financing activities (1,500) (3,027)
Decrease in cash and cash equivalents (452) (9,997)
Cash and cash equivalents, beginning of year 1,579 11,225
Cash and cash equivalents, end of period $ 1,127 $ 1,228