XML 21 R7.htm IDEA: XBRL DOCUMENT v3.21.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net earnings $ 7,005 $ 3,189 $ 2,248
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation and amortization 1,239 1,267 1,265
Mark-to-market pension and OPB (benefit) expense (2,355) 1,034 1,800
Stock-based compensation 94 90 127
Deferred income taxes 603 210 (509)
Gain on sale of business (1,980) 0 0
Net periodic pension and OPB income (1,091) (802) (432)
Pension and OPB contributions (141) (887) (263)
Changes in assets and liabilities:      
Accounts receivable, net (10) (285) 122
Unbilled receivables, net (414) 160 (335)
Inventoried costs, net (52) 18 (135)
Prepaid expenses and other assets 66 (147) (78)
Accounts payable and other liabilities 376 719 617
Income taxes payable, net 215 (238) (63)
Other, net 12 (23) (67)
Net cash provided by operating activities 3,567 4,305 4,297
Investing activities      
Divestiture of IT services business 3,400 0 0
Capital expenditures (1,415) (1,420) (1,264)
Proceeds from sale of equipment to a customer 84 205 0
Other investing activities, net (11) 4 57
Net cash provided by (used in) investing activities 2,058 (1,211) (1,207)
Financing activities      
Net proceeds from issuance of long-term debt 0 2,239 0
Payments of long-term debt (2,236) (1,027) (500)
Payments to credit facilities 0 (78) (31)
Net repayments of commercial paper 0 0 (198)
Common stock repurchases (3,705) (490) (744)
Cash dividends paid (983) (953) (880)
Payments of employee taxes withheld from share-based awards (34) (66) (65)
Other financing activities, net (44) (57) (6)
Net cash used in financing activities (7,002) (432) (2,424)
(Decrease) increase in cash and cash equivalents (1,377) 2,662 666
Cash and cash equivalents, beginning of year 4,907 2,245 1,579
Cash and cash equivalents, end of year $ 3,530 $ 4,907 $ 2,245