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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities      
Net earnings $ 6,833 $ 6,230 $ 5,046
Adjustments to reconcile net earnings to net cash provided by operating activities      
Depreciation and amortization 1,290 1,189 1,161
Stock-based compensation 221 189 173
Equity method investment impairment 128 0 0
Tax resolution related to former IS&GS business 55 0 0
Deferred income taxes 5 222 (244)
Severance charges 27 0 96
Gain on property sale 0 (51) 0
Changes in assets and liabilities      
Receivables, net 359 107 (179)
Contract assets (451) 378 (1,480)
Inventories 74 (622) (119)
Accounts payable (372) (1,098) 914
Contract liabilities 491 563 (537)
Postretirement benefit plans (1,197) 81 (3,574)
Income taxes (19) (151) 1,077
Other, net 739 274 804
Net cash provided by operating activities 8,183 7,311 3,138
Investing activities      
Capital expenditures (1,766) (1,484) (1,278)
Acquisitions of businesses (282) 0 0
Other, net 38 243 203
Net cash used for investing activities (2,010) (1,241) (1,075)
Financing activities      
Repurchases of common stock (1,100) (1,200) (1,492)
Dividends paid (2,764) (2,556) (2,347)
Proceeds from issuance of commercial paper, net 0 0 600
Repayment of commercial paper, net 0 (600) 0
Repayments of current and long-term debt (1,650) (900) (750)
Issuance of long-term debt, net of related costs 1,131 0 0
Other, net (144) (72) (163)
Net cash used for financing activities (4,527) (5,328) (4,152)
Net change in cash and cash equivalents 1,646 742 (2,089)
Cash and cash equivalents at beginning of year 1,514 772 2,861
Cash and cash equivalents at end of year $ 3,160 $ 1,514 $ 772