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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Operating activities    
Net earnings $ 1,837 $ 1,717
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 336 301
Stock-based compensation 47 42
Severance and restructuring charges 36 0
Changes in assets and liabilities    
Receivables, net (236) (555)
Contract assets (1,363) (1,095)
Inventories 289 80
Accounts payable 1,023 1,894
Contract liabilities (290) 151
Postretirement benefit plans (66) (39)
Income taxes 301 167
Other, net (166) (349)
Net cash provided by operating activities 1,748 2,314
Investing activities    
Capital expenditures (281) (293)
Other, net 112 (2)
Net cash used for investing activities (169) (295)
Financing activities    
Dividends paid (739) (693)
Repurchases of common stock (1,000) (756)
Other, net (67) (96)
Net cash used for financing activities (1,806) (1,545)
Net change in cash and cash equivalents (227) 474
Cash and cash equivalents at beginning of period 3,160 1,514
Cash and cash equivalents at end of period $ 2,933 $ 1,988