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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities - continuing operations:      
Net earnings $ 3,484 $ 3,345 $ 2,912
Adjustments to reconcile net earnings to net cash from operating activities:      
Depreciation of property, plant and equipment 466 436 362
Amortization of intangible and finance lease right-of-use assets 363 327 79
Equity-based compensation expense 133 140 123
Deferred income tax (benefit) provision 92 (3) 401
Discontinued operations, net of tax 0 13 0
(Increase) decrease in assets, net of effects of business acquisitions:      
Accounts receivable 176 417 (195)
Unbilled receivables (1,303) (800) (987)
Inventories (376) (591) (182)
Other current assets 8 310 207
Increase (decrease) in liabilities, net of effects of business acquisitions:      
Accounts payable 6 (197) 657
Customer advances and deposits (105) 36 264
Other, net 37 (285) 235
Net cash provided by operating activities [1] 2,981 3,148 3,876
Cash flows from investing activities:      
Capital expenditures (987) (690) (428)
Business acquisitions, net of cash acquired (19) (10,099) (399)
Proceeds from sales of assets 14 562 50
Other, net (2) (7) (11)
Net cash used by investing activities (994) (10,234) (788)
Cash flows from financing activities:      
Dividends paid (1,152) (1,075) (986)
(Repayments of) proceeds from commercial paper, net (850) 850 0
Purchases of common stock (231) (1,769) (1,558)
Proceeds from notes 0 6,461 985
Repayment of CSRA accounts receivable purchase agreement 0 (450) 0
Repayment of fixed-rate notes 0 0 (900)
Other, net 236 69 60
Net cash (used) provided by financing activities (1,997) 5,086 (2,399)
Net cash used by discontinued operations (51) (20) (40)
Net (decrease) increase in cash and equivalents (61) (2,020) 649
Cash and equivalents at beginning of year 963 2,983 2,334
Cash and equivalents at end of year 902 963 2,983
LIBOR      
Cash flows from financing activities:      
Proceeds from notes $ 0 $ 1,000 $ 0
[1]
* Continuing operations only.