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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities      
Net earnings $ 2,002 $ 5,302 $ 3,605
Adjustments to reconcile net earnings to net cash provided by operating activities      
Depreciation and amortization 1,195 1,215 1,026
Stock-based compensation 158 149 138
Deferred income taxes 3,432 (152) (445)
Severance charges 0 99 102
Gain on property sale (198) 0 0
Gain on divestiture of IS&GS business (73) (1,242) 0
Gain on step acquisition of AWE 0 (104) 0
Changes in assets and liabilities      
Receivables, net (401) (811) (256)
Inventories, net 183 (46) (398)
Accounts payable (189) (188) (160)
Customer advances and amounts in excess of costs incurred (24) 3 (32)
Postretirement benefit plans 1,316 1,028 1,068
Income taxes (1,210) 146 (48)
Other, net 285 (210) 501
Net cash provided by operating activities 6,476 5,189 5,101
Investing activities      
Capital expenditures (1,177) (1,063) (939)
Acquisitions of businesses and investments in affiliates 0 0 (9,003)
Other, net 30 78 208
Net cash used for investing activities (1,147) (985) (9,734)
Financing activities      
Repurchases of common stock (2,001) (2,096) (3,071)
Dividends paid (2,163) (2,048) (1,932)
Special cash payment from divestiture of IS&GS business 0 1,800 0
Proceeds from stock option exercises 71 106 174
Repayments of long-term debt 0 (952) 0
Proceeds from the issuance of long-term debt 0 0 9,101
Proceeds from borrowings under revolving credit facilities 0 0 6,000
Repayments of borrowings under revolving credit facilities 0 0 (6,000)
Other, net (212) (267) 5
Net cash (used for) provided by financing activities (4,305) (3,457) 4,277
Net change in cash and cash equivalents 1,024 747 (356)
Cash and cash equivalents at beginning of year 1,837 1,090 1,446
Cash and cash equivalents at end of year $ 2,861 $ 1,837 $ 1,090