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Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The following table summarizes the effects of adopting ASC 606 on our consolidated balance sheet as of December 31, 2017 (the adoption of ASU 2017-07 had no impact on our consolidated balance sheet):
 
 
 
Adjustments for
 
 
 
Historical
 
ASC 606
 
Adjusted
Assets
 
 
 
 
 
 
 
 
 
Current assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
$
2,861

 
 
$
—

 
 
$
2,861

 
Receivables, net
 
8,603

 
 
(6,338
)
 
 
2,265

 
Contract assets
 
—

 
 
7,992

 
 
7,992

 
Inventories
 
4,487

 
 
(1,609
)
 
 
2,878

 
Other current assets
 
1,510

 
 
(1
)
 
 
1,509

 
Total current assets
 
17,461

 
 
44

 
 
17,505

 
Property, plant and equipment, net
 
5,775

 
 
—

 
 
5,775

 
Goodwill
 
10,807

 
 
—

 
 
10,807

 
Intangible assets, net
 
3,797

 
 
—

 
 
3,797

 
Deferred income taxes
 
3,111

 
 
45

 
 
3,156

 
Other noncurrent assets
 
5,570

 
 
10

 
 
5,580

 
Total assets
 
$
46,521

 
 
$
99

 
 
$
46,620

 
Liabilities and equity
 
 
 
 
 
 
 
 
 
Current liabilities
 
 
 
 
 
 
 
 
 
Accounts payable
 
$
1,467

 
 
$
—

 
 
$
1,467

 
Contract liabilities (a)
 
6,752

 
 
276

 
 
7,028

 
Salaries, benefits and payroll taxes
 
1,785

 
 
—

 
 
1,785

 
Current maturities of long-term debt
 
750

 
 
—

 
 
750

 
Other current liabilities
 
1,883

 
 
—

 
 
1,883

 
Total current liabilities
 
12,637

 
 
276

 
 
12,913

 
Long-term debt, net
 
13,513

 
 
—

 
 
13,513

 
Accrued pension liabilities
 
15,703

 
 
—

 
 
15,703

 
Other postretirement benefit liabilities
 
719

 
 
—

 
 
719

 
Other noncurrent liabilities
 
4,558

 
 
(10
)
 
 
4,548

 
Total liabilities
 
47,130

 
 
266

 
 
47,396

 
Stockholders’ equity
 
 
 
 
 
 
 
 
 
Common stock, $1 par value per share
 
284

 
 
—

 
 
284

 
Additional paid-in capital
 
—

 
 
—

 
 
—

 
Retained earnings
 
11,573

 
 
(168
)
 
 
11,405

 
Accumulated other comprehensive loss
 
(12,540
)
 
 
1

 
 
(12,539
)
 
Total stockholders’ deficit
 
(683
)
 
 
(167
)
 
 
(850
)
 
Noncontrolling interests in subsidiary
 
74

 
 
—

 
 
74

 
Total deficit
 
(609
)
 
 
(167
)
 
 
(776
)
 
Total liabilities and equity
 
$
46,521

 
 
$
99

 
 
$
46,620

 
(a) 
Formerly referred to as customer advances and amounts in excess of costs incurred.
The following tables summarize the effects of adopting ASC 606 on certain components within our net cash provided by operations for the years ended December 31, 2017 and 2016 (the adoption of ASC 606 had no impact on total operating cash flows or cash flows from investing and financing activities):
 
 
2017
Adjustments for
2017
 
 
Historical
 
ASC 606
 
Adjusted
Operating activities
 
 
 
 
 
 
 
 
 
Net earnings
 
$
2,002

 
 
$
(39
)
 
 
$
1,963

 
Adjustments to reconcile net earnings to net cash provided by operating activities
 
 
 
 
 
 
 
 
 
Depreciation and amortization
 
1,195

 
 
—

 
 
1,195

 
Stock-based compensation
 
158

 
 
—

 
 
158

 
Deferred income taxes
 
3,432

 
 
16

 
 
3,448

 
Gain on property sale
 
(198
)
 
 
—

 
 
(198
)
 
Gain on divestiture of IS&GS business
 
(73
)
 
 
—

 
 
(73
)
 
Changes in assets and liabilities
 
 
 
 
 
 
 
 
 
Receivables, net
 
(401
)
 
 
(501
)
 
 
(902
)
 
Contract assets
 
—

 
 
390

 
 
390

 
Inventories
 
183

 
 
(262
)
 
 
(79
)
 
Accounts payable
 
(189
)
 
 
—

 
 
(189
)
 
Contract liabilities (a)
 
(24
)
 
 
377

 
 
353

 
Postretirement benefit plans
 
1,316

 
 
—

 
 
1,316

 
Income taxes
 
(1,210
)
 
 
—

 
 
(1,210
)
 
Other, net
 
285

 
 
19

 
 
304

 
Net cash provided by operating activities
 
$
6,476

 
 
$
—

 
 
$
6,476

 
(a) 
Formerly referred to as customer advances and amounts in excess of costs incurred.
 
 
2016
Adjustments for
2016
 
 
Historical
 
ASC 606
 
Adjusted
Operating activities
 
 
 
 
 
 
 
 
 
Net earnings
 
$
5,302

 
 
$
(129
)
 
 
$
5,173

 
Adjustments to reconcile net earnings to net cash provided by operating activities
 
 
 
 
 
 
 
 
 
Depreciation and amortization
 
1,215

 
 
—

 
 
1,215

 
Stock-based compensation
 
149

 
 
—

 
 
149

 
Deferred income taxes
 
(152
)
 
 
(41
)
 
 
(193
)
 
Severance and restructuring charges
 
99

 
 
—

 
 
99

 
Gain on divestiture of IS&GS business
 
(1,242
)
 
 
41

 
 
(1,201
)
 
Gain on step acquisition of AWE
 
(104
)
 
 
—

 
 
(104
)
 
Changes in assets and liabilities
 
 
 
 
 
 
 
 
 
Receivables, net
 
(811
)
 
 
1,409

 
 
598

 
Contract assets
 
—

 
 
(1,246
)
 
 
(1,246
)
 
Inventories
 
(46
)
 
 
219

 
 
173

 
Accounts payable
 
(188
)
 
 
—

 
 
(188
)
 
Contract liabilities (a)
 
3

 
 
(166
)
 
 
(163
)
 
Postretirement benefit plans
 
1,028

 
 
—

 
 
1,028

 
Income taxes
 
146

 
 
—

 
 
146

 
Other, net
 
(210
)
 
 
(87
)
 
 
(297
)
 
Net cash provided by operating activities
 
$
5,189

 
 
$
—

 
 
$
5,189

 
(a) 
Formerly referred to as customer advances and amounts in excess of costs incurred.
The following tables summarize the effects of adopting ASC 606 and ASU 2017-07 on our consolidated statement of earnings for the years ended December 31, 2017 and 2016:
 
 
 
 
Adjustments for
 
 
 
 
2017
Historical
 
ASC 606
 
ASU 2017-07
 
2017
Adjusted
Net sales
 
 
 
 
 
 
 
 
 
 
 
 
Products
 
$
43,875

 
 
$
(1,373
)
 
 
$
—

 
 
$
42,502

 
Services
 
7,173

 
 
285

 
 
—

 
 
7,458

 
Total net sales
 
51,048

 
 
(1,088
)
 
 
—

 
 
49,960

 
Cost of sales
 
 
 
 
 
 
 
 
 
 
 
 
Products
 
(39,750
)
 
 
1,333

 
 
—

 
 
(38,417
)
 
Services
 
(6,405
)
 
 
(268
)
 
 
—

 
 
(6,673
)
 
Other unallocated, net
 
655

 
 
—

 
 
846

 
 
1,501

 
Total cost of sales
 
(45,500
)
 
 
1,065

 
 
846

 
 
(43,589
)
 
Gross profit
 
5,548

 
 
(23
)
 
 
846

 
 
6,371

 
Other income, net
 
373

 
 
—

 
 
—

 
 
373

 
Operating profit
 
5,921

 
 
(23
)
 
 
846

 
 
6,744

 
Interest expense
 
(651
)
 
 
—

 
 
—

 
 
(651
)
 
Other non-operating expense, net
 
(1
)
 
 
—

 
 
(846
)
 
 
(847
)
 
Earnings before income taxes
 
5,269

 
 
(23
)
 
 
—

 
 
5,246

 
Income tax expense
 
(3,340
)
 
 
(16
)
 
 
—

 
 
(3,356
)
 
Net earnings from continuing operations
 
1,929

 
 
(39
)
 
 
—

 
 
1,890

 
Net earnings from discontinued operations
 
73

 
 
—

 
 
—

 
 
73

 
Net earnings
 
$
2,002

 
 
$
(39
)
 
 
$
—

 
 
$
1,963

 
Earnings per common share
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
6.70

 
 
$
(0.14
)
 
 
$
—

 
 
$
6.56

 
Discontinued operations
 
0.26

 
 
—

 
 
—

 
 
0.26

 
Basic earnings per common share
 
$
6.96

 
 
$
(0.14
)
 
 
$
—

 
 
$
6.82

 
Diluted
 
 
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
6.64

 
 
$
(0.14
)
 
 
$
—

 
 
$
6.50

 
Discontinued operations
 
0.25

 
 
—

 
 
—

 
 
0.25

 
Diluted earnings per common share
 
$
6.89

 
 
$
(0.14
)
 
 
$
—

 
 
$
6.75

 
 
 
 
 
Adjustments for
 
 
 
 
2016
Historical
 
ASC 606
 
ASU 2017-07
 
2016
Adjusted
Net sales
 
 
 
 
 
 
 
 
 
 
 
 
Products
 
$
40,365

 
 
$
(284
)
 
 
$
—

 
 
$
40,081

 
Services
 
6,883

 
 
326

 
 
—

 
 
7,209

 
Total net sales
 
47,248

 
 
42

 
 
—

 
 
47,290

 
Cost of sales
 
 
 
 
 
 
 
 
 
 
 
 
Products
 
(36,616
)
 
 
222

 
 
—

 
 
(36,394
)
 
Services
 
(6,040
)
 
 
(383
)
 
 
—

 
 
(6,423
)
 
Severance charges
 
(80
)
 
 
—

 
 
—

 
 
(80
)
 
Other unallocated, net
 
550

 
 
(13
)
 
 
471

 
 
1,008

 
Total cost of sales
 
(42,186
)
 
 
(174
)
 
 
471

 
 
(41,889
)
 
Gross profit
 
5,062

 
 
(132
)
 
 
471

 
 
5,401

 
Other income, net
 
487

 
 
—

 
 
—

 
 
487

 
Operating profit
 
5,549

 
 
(132
)
 
 
471

 
 
5,888

 
Interest expense
 
(663
)
 
 
—

 
 
—

 
 
(663
)
 
Other non-operating expense, net
 
—

 
 
—

 
 
(471
)
 
 
(471
)
 
Earnings before income taxes
 
4,886

 
 
(132
)
 
 
—

 
 
4,754

 
Income tax expense
 
(1,133
)
 
 
40

 
 
—

 
 
(1,093
)
 
Net earnings from continuing operations
 
3,753

 
 
(92
)
 
 
—

 
 
3,661

 
Net earnings from discontinued operations
 
1,549

 
 
(37
)
 
 
—

 
 
1,512

 
Net earnings
 
$
5,302

 
 
$
(129
)
 
 
$
—

 
 
$
5,173

 
Earnings per common share
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
12.54

 
 
$
(0.31
)
 
 
$
—

 
 
$
12.23

 
Discontinued operations
 
5.17

 
 
(0.12
)
 
 
—

 
 
5.05

 
Basic earnings per common share
 
$
17.71

 
 
$
(0.43
)
 
 
$
—

 
 
$
17.28

 
Diluted
 
 
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
12.38

 
 
$
(0.30
)
 
 
$
—

 
 
$
12.08

 
Discontinued operations
 
5.11

 
 
(0.12
)
 
 
—

 
 
4.99

 
Diluted earnings per common share
 
$
17.49

 
 
$
(0.42
)
 
 
$
—

 
 
$
17.07