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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities - continuing operations:      
Net earnings $ 3,257 $ 3,167 $ 3,484
Adjustments to reconcile net earnings to net cash from operating activities:      
Depreciation of property, plant and equipment 568 523 466
Amortization of intangible and finance lease right-of-use assets 322 355 363
Equity-based compensation expense 126 128 133
Deferred income tax (benefit) provision (66) (127) 92
(Increase) decrease in assets, net of effects of business acquisitions:      
Accounts receivable 138 371 176
Unbilled receivables (410) (116) (1,303)
Inventories 405 502 (376)
Increase (decrease) in liabilities, net of effects of business acquisitions:      
Accounts payable 194 (215) 6
Customer advances and deposits 354 (707) (105)
Other, net (617) (23) 45
Net cash provided by operating activities 4,271 3,858 2,981
Cash flows from investing activities:      
Capital expenditures (887) (967) (987)
Other, net 5 (7) (7)
Net cash used by investing activities (882) (974) (994)
Cash flows from financing activities:      
Proceeds from commercial paper, gross (maturities greater than 3 months) 1,997 420 0
Repayment of commercial paper, gross (maturities greater than 3 months) (1,997) (420) 0
Purchases of common stock (1,828) (587) (231)
Proceeds from fixed-rate notes 1,497 3,960 0
Dividends paid (1,315) (1,240) (1,152)
Proceeds from (repayment of) credit facility, net 6 (441) 291
Repayment of commercial paper, net 0 0 (850)
Other, net 50 (95) (55)
Net cash used by financing activities (4,590) (903) (1,997)
Net cash used by discontinued operations (20) (59) (51)
Net (decrease) increase in cash and equivalents (1,221) 1,922 (61)
Cash and equivalents at beginning of year 2,824 902 963
Cash and equivalents at end of year 1,603 2,824 902
Fixed-rate notes      
Cash flows from financing activities:      
Repayments of notes (2,500) (2,000) 0
Floating-rate notes      
Cash flows from financing activities:      
Repayments of notes $ (500) $ (500) $ 0