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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net earnings $ 955 $ 2,195
Adjustments to reconcile to net cash used in operating activities:    
Depreciation and amortization 303 294
Stock-based compensation 18 18
Deferred income taxes (201) 1
Gain on sale of business 0 (1,980)
Net periodic pension and OPB income (298) (272)
Pension and OPB contributions (36) (38)
Changes in assets and liabilities:    
Accounts receivable, net (246) (253)
Unbilled receivables, net (626) (357)
Inventoried costs, net (27) (101)
Prepaid expenses and other assets 16 (38)
Accounts payable and other liabilities (732) (589)
Income taxes payable, net 361 1,028
Other operating activities, net 25 26
Net cash used in operating activities (488) (66)
Investing activities    
Divestiture of IT services business 0 3,400
Capital expenditures (244) (205)
Other investing activities, net (5) 1
Net cash (used in) provided by investing activities (249) 3,196
Financing activities    
Payments of long-term debt 0 (2,200)
Common stock repurchases (318) (2,000)
Cash dividends paid (251) (238)
Payments of employee taxes withheld from share-based awards (48) (30)
Other financing activities, net (2) (52)
Net cash used in financing activities (619) (4,520)
Decrease in cash and cash equivalents (1,356) (1,390)
Cash and cash equivalents, beginning of year 3,530 4,907
Cash and cash equivalents, end of period $ 2,174 $ 3,517