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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
Net earnings $ 5,336 $ 6,920 $ 5,732
Adjustments to reconcile net earnings to net cash provided by operating activities      
Depreciation and amortization 1,559 1,430 1,404
Stock-based compensation 277 265 238
Deferred income taxes (588) (498) (757)
Pension settlement charge 0 0 1,470
Impairment and severance charges 87 92 100
Classified programs losses 1,965 45 0
Changes in:      
Receivables, net (219) 373 (542)
Contract assets (109) (865) (1,739)
Inventories (478) (44) (107)
Accounts payable (93) 151 1,274
Contract liabilities 605 702 381
Income taxes 131 (133) 148
Qualified defined benefit pension plans (992) (378) (412)
Other, net (509) (140) 612
Net cash provided by operating activities 6,972 7,920 7,802
Investing activities      
Capital expenditures (1,685) (1,691) (1,670)
Other, net (107) (3) (119)
Net cash used for investing activities (1,792) (1,694) (1,789)
Financing activities      
Issuance of long-term debt, net of related costs 2,970 1,975 6,211
Repayments of long-term debt (168) (115) (2,250)
Repurchases of common stock (3,700) (6,000) (7,900)
Dividends paid (3,059) (3,056) (3,016)
Other, net (182) (135) (115)
Net cash used for financing activities (4,139) (7,331) (7,070)
Net change in cash and cash equivalents 1,041 (1,105) (1,057)
Cash and cash equivalents at beginning of year 1,442 2,547 3,604
Cash and cash equivalents at end of year $ 2,483 $ 1,442 $ 2,547