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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities    
Net earnings $ 2,910 $ 2,591
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 956 938
Stock-based compensation 72 64
Deferred income taxes (387) (298)
Net periodic pension and OPB income (339) (230)
Pension and OPB contributions (93) (108)
Changes in assets and liabilities:    
Accounts receivable, net (155) (256)
Unbilled receivables, net (825) (287)
Inventoried costs, net (542) (396)
Prepaid expenses and other assets (15) (127)
Accounts payable and other liabilities (915) (443)
Income taxes payable, net 1,106 40
Other operating activities, net 37 (43)
Net cash provided by operating activities 1,810 1,445
Investing activities    
Capital expenditures (951) (972)
Proceeds from Sale, Maturity and Collection of Investments 0 157
Other investing activities, net 0 3
Net cash used in investing activities (951) (812)
Financing activities    
Net proceeds from issuance of long-term debt 2,495 1,995
Repayments of Long-term Debt 0 (1,050)
Common stock repurchases (2,073) (1,154)
Cash dividends paid (887) (834)
Payments of employee taxes withheld from share-based awards (57) (51)
Other financing activities, net (120) (34)
Net cash used in financing activities (642) (1,128)
Increase (decrease) in cash and cash equivalents 217 (495)
Cash and cash equivalents, beginning of year 3,109 2,577
Cash and Cash Equivalents, at Carrying Value $ 3,326 $ 2,082