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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities    
Net earnings $ 842 $ 955
Adjustments to reconcile to net cash used in operating activities:    
Depreciation and amortization 298 303
Stock-based compensation 19 18
Deferred income taxes (205) (201)
Net periodic pension and OPB income (76) (298)
Pension and OPB contributions (40) (36)
Changes in assets and liabilities:    
Accounts receivable, net (550) (246)
Unbilled receivables, net (232) (626)
Inventoried costs, net (137) (27)
Prepaid expenses and other assets (54) 16
Accounts payable and other liabilities (1,128) (732)
Income taxes payable, net 576 361
Other operating activities, net (15) 25
Net cash used in operating activities (702) (488)
Investing activities    
Capital expenditures (309) (244)
Other investing activities, net 0 (5)
Net cash used in investing activities (309) (249)
Financing activities    
Net proceeds from issuance of long-term debt 1,995 0
Common stock repurchases (723) (318)
Cash dividends paid (270) (251)
Payments of employee taxes withheld from share-based awards (47) (48)
Other financing activities, net (26) (2)
Net cash provided by (used in) financing activities 929 (619)
Decrease in cash and cash equivalents (82) (1,356)
Cash and cash equivalents, beginning of year 2,577 3,530
Cash and Cash Equivalents, at Carrying Value $ 2,495 $ 2,174