Accounts Receivable, Net

12 Months Ended

Dec. 31, 2024

Receivables [Abstract]

Accounts Receivable, Net

3. ACCOUNTS RECEIVABLE, NET

Accounts receivable, net represent amounts billed and due from customers. Substantially all accounts receivable at December 31, 2024 are expected to be collected in 2025. The company does not believe it has significant exposure to credit risk as the majority of our accounts receivable are due from the U.S. government either as the ultimate customer or in connection with foreign military sales.

Accounts receivable, net consisted of the following:

	December 31
$ in millions	2024		2023
Due from U.S. government (1)	$	951	$	1,184
Due from international and other customers	326		276
Accounts receivable, gross	1,277		1,460
Allowance for expected credit losses	(5)		(6)
Accounts receivable, net	$	1,272	$	1,454

(1)Includes receivables due from the U.S. government associated with foreign military sales, which are contracted with and paid by the U.S. government.