Inventoried Costs, Net

12 Months Ended

Dec. 31, 2025

Inventory Disclosure [Abstract]

Inventoried Costs, Net

5. INVENTORIED COSTS, NET

Inventoried costs, net are principally associated with contracts where the U.S. government is the primary customer, therefore the company does not believe it has significant exposure to recoverability risk related to these amounts. Inventoried costs associated with our commercial businesses, while less significant in total, are subject to a greater level of recoverability risk.

Inventoried costs, net consisted of the following:

	December 31
$ in millions	2025		2024
Raw materials	$	306	$	293
Work in process	945		1,118
Finished goods	58		44
Inventoried costs, net	$	1,309	$	1,455

Inventoried costs, net decreased $146 million, or 10 percent, largely due to the liquidation of costs, which were previously incurred and inventoried for specific anticipated contracts,