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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Operating activities    
Net earnings $ 2,054 $ 3,186
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 796 710
Stock-based compensation 141 154
Deferred income taxes (561) (145)
Impairment and other charges 66 87
Program losses 1,615 165
Changes in assets and liabilities    
Receivables, net (955) (798)
Contract assets (2,178) (724)
Inventories (461) 35
Accounts payable 1,500 1,052
Contract liabilities (360) (9)
Income taxes 251 21
Qualified defined benefit pension plans 223 (1)
Other, net (521) (222)
Net cash provided by operating activities 1,610 3,511
Investing activities    
Capital expenditures (805) (748)
Other, net (340) 4
Net cash (used for) investing activities (1,145) (744)
Financing activities    
Issuance of long-term debt, net of related costs 0 1,980
Repayments of long-term debt (142) (168)
Proceeds from commercial paper, net 1,449 0
Repurchases of common stock (1,250) (1,850)
Dividends paid (1,567) (1,532)
Other, net (145) (116)
Net cash (used for) financing activities (1,655) (1,686)
Net change in cash and cash equivalents (1,190) 1,081
Cash and cash equivalents at beginning of period 2,483 1,442
Cash and cash equivalents at end of period $ 1,293 $ 2,523