XML 61 R43.htm IDEA: XBRL DOCUMENT v3.8.0.1
Significant Accounting Policies - Additional Information (Detail)
3 Months Ended 8 Months Ended 12 Months Ended 16 Months Ended
Aug. 24, 2016
Nov. 06, 2015
USD ($)
Dec. 31, 2017
USD ($)
program
$ / shares
Sep. 24, 2017
USD ($)
$ / shares
Jun. 25, 2017
USD ($)
$ / shares
Mar. 26, 2017
USD ($)
$ / shares
Dec. 31, 2016
USD ($)
$ / shares
Sep. 25, 2016
USD ($)
$ / shares
Jun. 26, 2016
USD ($)
$ / shares
Mar. 27, 2016
USD ($)
$ / shares
Aug. 23, 2016
Dec. 31, 2017
USD ($)
program
$ / shares
Dec. 31, 2016
USD ($)
$ / shares
Dec. 31, 2015
USD ($)
$ / shares
Dec. 31, 2017
USD ($)
program
Significant Accounting Policies [Line Items]                              
Acquisitions of businesses and investments in affiliates                       $ 0 $ 0 $ 9,003,000,000  
Additional charge for performance matter on EADGE-T, gross           $ 120,000,000                  
Additional charge for performance matter on EADGE-T, after tax           $ 74,000,000                  
Additional charge for performance matter on EADGE-T, after tax (in dollars per share) | $ / shares           $ 0.25                  
Cumulative losses, including reserves                       260,000,000      
Operating profit     $ 1,859,000,000 $ 1,428,000,000 $ 1,485,000,000 $ 1,149,000,000 $ 1,428,000,000 $ 1,588,000,000 $ 1,375,000,000 $ 1,158,000,000   5,921,000,000 5,549,000,000 4,712,000,000  
Net earnings     $ (642,000,000) $ 939,000,000 $ 942,000,000 $ 763,000,000 $ 988,000,000 $ 2,395,000,000 $ 1,021,000,000 $ 898,000,000   $ 2,002,000,000 $ 5,302,000,000 $ 3,605,000,000  
Diluted earnings per share (in dollars per share) | $ / shares     $ (2.25) $ 3.24 $ 3.23 $ 2.61 $ 3.35 $ 7.93 $ 3.32 $ 2.91   $ 6.89 $ 17.49 $ 11.46  
Service method, revenue recognition interval                       6 months      
Independent research and development costs charged to cost of sales                       $ 1,200,000,000 $ 988,000,000 $ 817,000,000  
Financing receivable, significant sales                       698,000,000      
Gain (loss) on sale of accounts receivable                       0      
Depreciation                       760,000,000 747,000,000 716,000,000  
Capitalized internal-use software, net     $ 424,000,000       $ 427,000,000         424,000,000 427,000,000   $ 424,000,000
Capitalized internal-use software accumulated amortization     2,000,000,000       1,900,000,000         2,000,000,000 1,900,000,000   2,000,000,000
Goodwill     10,807,000,000       10,764,000,000         $ 10,807,000,000 10,764,000,000 10,695,000,000 10,807,000,000
Weighted average remaining contractual life, vested                       3 years      
Percentage of gains and losses recognition to the extent exciding greater of plan assets or obligations                       10.00%      
Average future service period of employees expected to receive benefits under the plans                       9 years      
Time period environmental costs and recovery of environmental costs are projected over, years                       20 years      
Fair value of trading securities     1,400,000,000       1,200,000,000         $ 1,400,000,000 1,200,000,000   1,400,000,000
Net gains (losses) on marketable securities                       150,000,000 66,000,000 (11,000,000)  
Total equity method investments     1,400,000,000       1,400,000,000         1,400,000,000 1,400,000,000   1,400,000,000
Net earnings from equity method investments                       207,000,000 443,000,000 320,000,000  
Equity method investee impairment                           90,000,000  
ASC 606 | Scenario, Plan                              
Significant Accounting Policies [Line Items]                              
Cumulative effect of new accounting principle in period of adoption, percent increase in current assets       2.00%                      
Cumulative effect of new accounting principle in period of adoption, percent increase in current liabilities       2.00%                      
Contracts Accounted for under Percentage of Completion                              
Significant Accounting Policies [Line Items]                              
Operating profit                       1,500,000,000 1,500,000,000 1,700,000,000  
Net earnings                       $ 980,000,000 $ 950,000,000 $ 1,100,000,000  
Diluted earnings per share (in dollars per share) | $ / shares                       $ 3.37 $ 3.13 $ 3.50  
Minimum                              
Significant Accounting Policies [Line Items]                              
Acquired finite-lived intangible assets are amortized                       3 years      
Minimum | Customer relationships                              
Significant Accounting Policies [Line Items]                              
Acquired finite-lived intangible assets are amortized                       4 years      
Minimum | Customer programs                              
Significant Accounting Policies [Line Items]                              
Acquired finite-lived intangible assets are amortized                       9 years      
Maximum                              
Significant Accounting Policies [Line Items]                              
Acquired finite-lived intangible assets are amortized                       20 years      
Maximum | Customer relationships                              
Significant Accounting Policies [Line Items]                              
Acquired finite-lived intangible assets are amortized                       10 years      
Maximum | Customer programs                              
Significant Accounting Policies [Line Items]                              
Acquired finite-lived intangible assets are amortized                       20 years      
Designated as hedges | Interest rate swaps                              
Significant Accounting Policies [Line Items]                              
Aggregate notional amount of derivatives     1,200,000,000       1,200,000,000         $ 1,200,000,000 $ 1,200,000,000   1,200,000,000
Designated as hedges | Foreign currency contracts                              
Significant Accounting Policies [Line Items]                              
Aggregate notional amount of derivatives     $ 4,100,000,000       4,000,000,000         $ 4,100,000,000 4,000,000,000   $ 4,100,000,000
Space                              
Significant Accounting Policies [Line Items]                              
Number of commercial satellite programs with performance issues | program     2                 2     2
Goodwill     $ 1,587,000,000       1,585,000,000         $ 1,587,000,000 1,585,000,000 $ 1,588,000,000 $ 1,587,000,000
Net earnings from equity method investments                       $ 205,000,000 325,000,000 245,000,000  
Buildings | Minimum                              
Significant Accounting Policies [Line Items]                              
Property, plant and equipment, estimated life (years)                       10 years      
Buildings | Maximum                              
Significant Accounting Policies [Line Items]                              
Property, plant and equipment, estimated life (years)                       40 years      
Machinery and equipment | Minimum                              
Significant Accounting Policies [Line Items]                              
Property, plant and equipment, estimated life (years)                       5 years      
Machinery and equipment | Maximum                              
Significant Accounting Policies [Line Items]                              
Property, plant and equipment, estimated life (years)                       15 years      
Capitalized Software                              
Significant Accounting Policies [Line Items]                              
Capitalized internal-use software amortization                       $ 123,000,000 136,000,000 $ 161,000,000  
Capitalized Software | Minimum                              
Significant Accounting Policies [Line Items]                              
Property, plant and equipment, estimated life (years)                       2 years      
Capitalized Software | Maximum                              
Significant Accounting Policies [Line Items]                              
Property, plant and equipment, estimated life (years)                       6 years      
Operating Profit | Accounting Standards Update 2017-07                              
Significant Accounting Policies [Line Items]                              
Cumulative effect of new accounting principle in period of adoption, increase (decrease)     846,000,000       471,000,000         $ 846,000,000 471,000,000   846,000,000
Nonoperating Income (Loss) | Accounting Standards Update 2017-07                              
Significant Accounting Policies [Line Items]                              
Cumulative effect of new accounting principle in period of adoption, increase (decrease)     (846,000,000)       $ (471,000,000)         $ (846,000,000) $ (471,000,000)   $ (846,000,000)
AWE Management Limited                              
Significant Accounting Policies [Line Items]                              
Ownership interest percentage owned immediately before acquisition 33.00%                            
Ownership interest percentage owned subsequent acquisition 51.00%                            
AWE Management Limited | Customer relationships                              
Significant Accounting Policies [Line Items]                              
Acquired finite-lived intangible assets are amortized 8 years                            
Sikorsky Aircraft Corporation                              
Significant Accounting Policies [Line Items]                              
Acquisitions of businesses and investments in affiliates   $ 9,000,000,000                          
Goodwill   $ 2,842,000,000                          
Segment Concentration Risk | Net Sales | AWE Management Limited | Space                              
Significant Accounting Policies [Line Items]                              
Concentration percentage                       100.00%     100.00%
Segment Concentration Risk | Operating profit | AWE Management Limited | Space                              
Significant Accounting Policies [Line Items]                              
Concentration percentage                       51.00%     51.00%
Equity Method Investment Risk | Net Sales | AWE Management Limited | Space                              
Significant Accounting Policies [Line Items]                              
Concentration percentage                       0.00%      
Equity Method Investment Risk | Net Earnings | AWE Management Limited | Space                              
Significant Accounting Policies [Line Items]                              
Concentration percentage                     33.00%        
LM2100                              
Significant Accounting Policies [Line Items]                              
Commercial satellite cumulative losses on development     $ 305,000,000                 $ 305,000,000     $ 305,000,000
Commercial satellite losses on development, after tax                       $ 83,000,000      
Commercial satellite losses on development, after tax (in dollars per share) | $ / shares                       $ 0.29      
Independent research and development costs charged to cost of sales                       $ 135,000,000      
AMMROC                              
Significant Accounting Policies [Line Items]                              
Equity method investee impairment           $ 64,000,000           $ 64,000,000      
Increase in net earnings due to profit rate adjustments           $ 40,000,000                  
Increase in diluted earnings per common share due to profit rate adjustments (in dollars per share) | $ / shares           $ 0.14