Inventoried Costs, Net

12 Months Ended

Dec. 31, 2020

Inventory Disclosure [Abstract]

Inventoried Costs, Net

6. INVENTORIED COSTS, NET

Inventoried costs are primarily associated with contracts where the U.S. government is the primary customer, therefore the company does not believe it has significant exposure to recoverability risk related to these amounts.

Inventoried costs, net consisted of the following:

	December 31
$ in millions	2020		2019
Production costs of contracts in process	$	451	$	476
G&A expenses	41		31
	492		507
Progress and performance-based payments received	(62)		(41)
	430		466
Product inventory and raw material	329		317
Inventoried costs, net	$	759	$	783