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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
Net earnings $ 4,174 $ 2,056 $ 4,896
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation and amortization 1,370 1,338 1,342
Mark-to-market pension and OPB (benefit) expense (443) 422 (1,232)
Stock-based compensation 101 87 99
Deferred income taxes (582) (988) (321)
B-21 Charge 0 1,559 0
Net periodic pension and OPB income (438) (308) (1,193)
Pension and OPB contributions (129) (139) (136)
Changes in assets and liabilities:      
Accounts receivable, net 182 54 (44)
Unbilled receivables, net (215) 247 (646)
Inventoried costs, net (358) (220) (205)
Prepaid expenses and other assets 35 (86) 2
Accounts payable and other liabilities (513) 519 572
Income taxes payable, net 1,143 (658) (279)
Other, net 61 (8) 46
Net cash provided by operating activities 4,388 3,875 2,901
Investing activities      
Capital expenditures (1,767) (1,775) (1,435)
Proceeds from sale of equipment to a customer 0 0 155
Proceeds from Sale, Maturity and Collection of Investments 0 197 0
Other, net 18 (4) 39
Net cash used in investing activities (1,749) (1,582) (1,241)
Financing activities      
Net proceeds from issuance of long-term debt 2,495 1,995 0
Payments of long-term debt 0 (1,050) 0
Common stock repurchases (2,514) (1,500) (1,504)
Cash dividends paid (1,186) (1,116) (1,052)
Payments of employee taxes withheld from share-based awards (58) (52) (50)
Other, net (132) (38) (7)
Net cash used in financing activities (1,395) (1,761) (2,613)
Increase (decrease) in cash and cash equivalents 1,244 532 (953)
Cash and cash equivalents, beginning of year 3,109 2,577 3,530
Cash and cash equivalents, end of period $ 4,353 $ 3,109 $ 2,577