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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net earnings $ 868 $ 863
Adjustments to reconcile to net cash used in operating activities:    
Depreciation and amortization 297 302
Stock-based compensation 18 26
Deferred income taxes 156 33
Changes in assets and liabilities:    
Accounts receivable, net (810) (718)
Unbilled receivables, net (584) (759)
Inventoried costs, net (2) (124)
Prepaid expenses and other assets 56 (23)
Accounts payable and other liabilities (833) (480)
Income taxes payable, net 10 140
Retiree benefits (237) (142)
Other, net 68 (31)
Net cash used in operating activities (993) (913)
Investing activities    
Capital expenditures (272) (284)
Other, net 2 4
Net cash used in investing activities (270) (280)
Financing activities    
Net proceeds from issuance of long-term debt 2,239 0
Payments to credit facilities (7) (20)
Net borrowings on commercial paper 744 814
Common stock repurchases (344) (60)
Cash dividends paid (227) (211)
Payments of employee taxes withheld from share-based awards (63) (61)
Other, net (46) 0
Net cash provided by financing activities 2,296 462
Increase (decrease) in cash and cash equivalents 1,033 (731)
Cash and cash equivalents, beginning of year 2,245 1,579
Cash and cash equivalents, end of period $ 3,278 $ 848