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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 29, 2026
Mar. 30, 2025
Operating activities    
Net earnings $ 1,488 $ 1,712
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 398 397
Stock-based compensation 83 60
Deferred income taxes 161 (34)
Qualified defined benefit pension plans 92 111
Changes in assets and liabilities    
Receivables, net 1,579 327
Contract assets (2,884) (1,720)
Inventories (727) (125)
Accounts payable 1,222 1,680
Contract liabilities (705) (420)
Income taxes 103 339
Other, net (590) (918)
Net cash provided by operating activities 220 1,409
Investing activities    
Capital expenditures (511) (454)
Other, net (30) 24
Net cash used for investing activities (541) (430)
Financing activities    
Repayments of long-term debt (1,000) 0
Repurchases of common stock 0 (750)
Dividends paid (816) (796)
Other, net (90) (113)
Net cash used for financing activities (1,906) (1,659)
Net change in cash and cash equivalents (2,227) (680)
Cash and cash equivalents at beginning of period 4,121 2,483
Cash and cash equivalents at end of period $ 1,894 $ 1,803