XML 18 R5.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities    
Net earnings $ 1,654 $ 1,901
Adjustments to reconcile to net cash provided by (used in) operating activities:    
Depreciation and amortization 621 633
Stock-based compensation 47 42
Deferred income taxes (423) (399)
Net periodic pension and OPB income (154) (597)
Pension and OPB contributions (75) (71)
Changes in assets and liabilities:    
Accounts receivable, net (591) (920)
Unbilled receivables, net 110 (719)
Inventoried costs, net (331) (98)
Prepaid expenses and other assets 66 114
Accounts payable and other liabilities (1,043) (724)
Income taxes payable, net 285 86
Other operating activities, net 51 67
Net cash provided by (used in) operating activities 217 (685)
Investing activities    
Capital expenditures (613) (507)
Other investing activities, net 1 39
Net cash used in investing activities (612) (468)
Financing activities    
Net proceeds from issuance of long-term debt 1,995 0
Net borrowings on commercial paper 768 0
Common stock repurchases (931) (640)
Cash dividends paid (554) (519)
Payments of employee taxes withheld from share-based awards (50) (48)
Other financing activities, net (26) (1)
Net cash provided by (used in) financing activities 1,202 (1,208)
Increase (decrease) in cash and cash equivalents 807 (2,361)
Cash and cash equivalents, beginning of year 2,577 3,530
Cash and Cash Equivalents, at Carrying Value $ 3,384 $ 1,169