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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net earnings $ 481 $ 944
Adjustments to reconcile to net cash used in operating activities:    
Depreciation and amortization 337 299
Stock-based compensation 20 20
Deferred income taxes (34) (103)
B-21 loss provision 477 0
Net periodic pension and OPB income (81) (113)
Pension and OPB contributions (28) (36)
Changes in assets and liabilities:    
Accounts receivable, net (542) (378)
Unbilled receivables, net (1,069) (757)
Inventoried costs, net (125) (262)
Prepaid expenses and other assets (42) 49
Accounts payable and other liabilities (1,014) (581)
Income taxes payable, net 58 219
Other operating activities, net (3) (7)
Net cash used in operating activities (1,565) (706)
Investing activities    
Capital expenditures (256) (270)
Other investing activities, net 4 1
Net cash used in investing activities (252) (269)
Financing activities    
Net proceeds from issuance of long-term debt 0 2,495
Payments of long-term debt (1,500) 0
Net borrowings on commercial paper 1,474 0
Common stock repurchases (480) (1,190)
Cash dividends paid (302) (283)
Payments of employee taxes withheld from share-based awards (38) (55)
Other financing activities, net (5) (40)
Net cash (used in) provided by financing activities (851) 927
Decrease in cash and cash equivalents (2,668) (48)
Cash and cash equivalents, beginning of year 4,353 3,109
Cash and Cash Equivalents, at Carrying Value $ 1,685 $ 3,061