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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 29, 2020
Mar. 31, 2019
Operating activities    
Net earnings $ 1,717 $ 1,704
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 301 277
Stock-based compensation 42 37
Gain on property sale 0 (51)
Changes in assets and liabilities    
Receivables, net (555) (389)
Contract assets (1,095) (1,025)
Inventories 80 (288)
Accounts payable 1,894 744
Contract liabilities 151 305
Postretirement benefit plans (39) 278
Income taxes 167 243
Other, net (349) (172)
Net cash provided by operating activities 2,314 1,663
Investing activities    
Capital expenditures (293) (284)
Other, net (2) 27
Net cash used for investing activities (295) (257)
Financing activities    
Dividends paid (693) (638)
Repurchases of common stock (756) (281)
Repayments of commercial paper, net 0 (200)
Other, net (96) (68)
Net cash used for financing activities (1,545) (1,187)
Net change in cash and cash equivalents 474 219
Cash and cash equivalents at beginning of period 1,514 772
Cash and cash equivalents at end of period $ 1,988 $ 991