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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities    
Net earnings $ 2,859 $ 2,657
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 922 924
Stock-based compensation 61 93
Deferred income taxes 369 24
Changes in assets and liabilities:    
Accounts receivable, net (632) (663)
Unbilled receivables, net (386) (778)
Inventoried costs, net (70) (156)
Prepaid expenses and other assets (122) (81)
Accounts payable and other liabilities 283 320
Income taxes payable, net 111 (34)
Retiree benefits (704) (422)
Other, net 12 (51)
Net cash provided by operating activities 2,703 1,833
Investing activities    
Capital expenditures (828) (793)
Other, net 0 8
Net cash used in investing activities (828) (785)
Financing activities    
Net proceeds from issuance of long-term debt 2,239 0
Payments of long-term debt (27) (500)
Payments to credit facilities (13) (31)
Net borrowings on commercial paper 0 201
Common stock repurchases (490) (444)
Cash dividends paid (711) (658)
Payments of employee taxes withheld from share-based awards (66) (63)
Other, net (57) (5)
Net cash provided by (used in) financing activities 875 (1,500)
Increase (decrease) in cash and cash equivalents 2,750 (452)
Cash and cash equivalents, beginning of year 2,245 1,579
Cash and cash equivalents, end of period $ 4,995 $ 1,127