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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net earnings $ 2,056 $ 4,896 $ 7,005
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation and amortization 1,338 1,342 1,239
Mark-to-market pension and OPB expense (benefit) 422 (1,232) (2,355)
Stock-based compensation 87 99 94
Deferred income taxes (988) (321) 603
Gain on sale of business 0 0 (1,980)
B-21 Charge 1,559 0 0
Net periodic pension and OPB income (308) (1,193) (1,091)
Pension and OPB contributions (139) (136) (141)
Changes in assets and liabilities:      
Accounts receivable, net 54 (44) (10)
Unbilled receivables, net 247 (646) (414)
Inventoried costs, net (220) (205) (52)
Prepaid expenses and other assets (86) 2 66
Accounts payable and other liabilities 519 572 376
Income taxes payable, net (658) (279) 215
Other, net (8) 46 12
Net cash provided by operating activities 3,875 2,901 3,567
Investing activities      
Divestiture of IT services business 0 0 3,400
Capital expenditures (1,775) (1,435) (1,415)
Proceeds from sale of equipment to a customer 0 155 84
Proceeds from Sale, Maturity and Collection of Investments 197 0 0
Other, net (4) 39 (11)
Net cash (used in) provided by investing activities (1,582) (1,241) 2,058
Financing activities      
Net proceeds from issuance of long-term debt 1,995 0 0
Payments of long-term debt (1,050) 0 (2,236)
Common stock repurchases (1,500) (1,504) (3,705)
Cash dividends paid (1,116) (1,052) (983)
Payments of employee taxes withheld from share-based awards (52) (50) (34)
Other, net (38) (7) (44)
Net cash used in financing activities (1,761) (2,613) (7,002)
Increase (decrease) in cash and cash equivalents 532 (953) (1,377)
Cash and cash equivalents, beginning of year 2,577 3,530 4,907
Cash and cash equivalents, end of year $ 3,109 $ 2,577 $ 3,530