Inventoried Costs, Net

12 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

Inventoried Costs, Net

6. INVENTORIED COSTS, NET

Inventoried costs are principally 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 associated with our commercial businesses, while less significant in total, are subject to a greater level of recoverability risk. During the year ended December 31, 2022, the company recorded a $45 million write-down of commercial business inventory at Space Systems for which its cost exceeded net realizable value.

Inventoried costs, net consisted of the following:

	December 31
$ in millions	2022		2021
Contracts in process	$	574	$	478
Product inventory	404		333
Inventoried costs, net	$	978	$	811