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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net earnings $ 6,920 $ 5,732 $ 6,315
Adjustments to reconcile net earnings to net cash provided by operating activities      
Depreciation and amortization 1,430 1,404 1,364
Stock-based compensation 265 238 227
Deferred income taxes (498) (757) (183)
Pension settlement charge 0 1,470 1,665
Severance and other charges 92 100 36
Changes in:      
Receivables, net 373 (542) 15
Contract assets (865) (1,739) (1,034)
Inventories (44) (107) 564
Accounts payable 151 1,274 (98)
Contract liabilities 702 381 562
Income taxes (133) 148 45
Qualified defined benefit pension plans (378) (412) (267)
Other, net (95) 612 10
Net cash provided by operating activities 7,920 7,802 9,221
Investing activities      
Capital expenditures (1,691) (1,670) (1,522)
Other, net (3) (119) 361
Net cash used for investing activities (1,694) (1,789) (1,161)
Financing activities      
Issuance of long-term debt, net of related costs 1,975 6,211 0
Repayments of long-term debt (115) (2,250) (500)
Repurchases of common stock (6,000) (7,900) (4,087)
Dividends paid (3,056) (3,016) (2,940)
Other, net (135) (115) (89)
Net cash used for financing activities (7,331) (7,070) (7,616)
Net change in cash and cash equivalents (1,105) (1,057) 444
Cash and cash equivalents at beginning of year 2,547 3,604 3,160
Cash and cash equivalents at end of year $ 1,442 $ 2,547 $ 3,604