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Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues $ 10,218 $ 9,576 $ 20,351 $ 18,877
Operating costs and expenses        
General and administrative expenses 1,101 1,073 2,163 2,111
Total operating costs and expenses 9,128 8,609 18,190 16,963
Operating income 1,090 967 2,161 1,914
Other (expense) income        
Interest expense (154) (147) (300) (276)
Non-operating FAS pension benefit 167 133 335 265
Other, net 43 34 81 82
Earnings before income taxes 1,146 987 2,277 1,985
Federal and foreign income tax expense 206 175 393 331
Net earnings $ 940 $ 812 $ 1,884 $ 1,654
Basic earnings per share        
Basic earnings per share $ 6.37 $ 5.35 $ 12.72 $ 10.87
Weighted-average common shares outstanding, in millions 147.5 151.7 148.1 152.1
Diluted earnings per share        
Diluted earnings per share $ 6.36 $ 5.34 $ 12.69 $ 10.83
Weighted-average diluted shares outstanding, in millions 147.7 152.2 148.5 152.7
Net earnings (from above) $ 940 $ 812 $ 1,884 $ 1,654
Change in cumulative translation adjustment 1 (3) 0 (5)
Change in other, net (2) (2) (18) (2)
Other comprehensive (loss) income, net of tax (3) 1 (18) 3
Comprehensive income 937 813 1,866 1,657
Product [Member]        
Revenues 8,076 7,441 16,178 14,712
Cost of Sales 6,388 5,876 12,799 11,603
Service [Member]        
Revenues 2,142 2,135 4,173 4,165
Cost of Sales $ 1,639 $ 1,660 $ 3,228 $ 3,249