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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net earnings $ 1,884 $ 1,654
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 625 621
Stock-based compensation 46 47
Deferred income taxes (230) (423)
Net periodic pension and OPB income (226) (154)
Pension and OPB contributions (69) (75)
Changes in assets and liabilities:    
Accounts receivable, net (240) (591)
Unbilled receivables, net (741) 110
Inventoried costs, net (398) (331)
Prepaid expenses and other assets 45 66
Accounts payable and other liabilities (918) (1,043)
Income taxes payable, net 925 285
Other operating activities, net 16 51
Net cash provided by operating activities 719 217
Investing activities    
Capital expenditures (590) (613)
Other investing activities, net 0 1
Net cash used in investing activities (590) (612)
Financing activities    
Net proceeds from issuance of long-term debt 2,495 1,995
Proceeds from (Repayments of) Commercial Paper 0 768
Common stock repurchases (1,752) (931)
Cash dividends paid (586) (554)
Payments of employee taxes withheld from share-based awards (57) (50)
Other financing activities, net (66) (26)
Net cash provided by financing activities 34 1,202
Increase in cash and cash equivalents 163 807
Cash and cash equivalents, beginning of year 3,109 2,577
Cash and Cash Equivalents, at Carrying Value $ 3,272 $ 3,384