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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Net earnings $ 944 $ 842
Adjustments to reconcile to net cash used in operating activities:    
Depreciation and amortization 299 298
Stock-based compensation 20 19
Deferred income taxes (103) (205)
Net periodic pension and OPB income (113) (76)
Pension and OPB contributions (36) (40)
Changes in assets and liabilities:    
Accounts receivable, net (378) (550)
Unbilled receivables, net (757) (232)
Inventoried costs, net (262) (137)
Prepaid expenses and other assets 49 (54)
Accounts payable and other liabilities (581) (1,128)
Income taxes payable, net 219 576
Other operating activities, net (7) (15)
Net cash used in operating activities (706) (702)
Investing activities    
Capital expenditures (270) (309)
Other investing activities, net 1 0
Net cash used in investing activities (269) (309)
Financing activities    
Net proceeds from issuance of long-term debt 2,495 1,995
Common stock repurchases (1,190) (723)
Cash dividends paid (283) (270)
Payments of employee taxes withheld from share-based awards (55) (47)
Other financing activities, net (40) (26)
Net cash provided by financing activities 927 929
Decrease in cash and cash equivalents (48) (82)
Cash and cash equivalents, beginning of year 3,109 2,577
Cash and Cash Equivalents, at Carrying Value $ 3,061 $ 2,495