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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net earnings $ 6,315 $ 6,833 $ 6,230
Adjustments to reconcile net earnings to net cash provided by operating activities      
Depreciation and amortization 1,364 1,290 1,189
Stock-based compensation 227 221 189
Equity method investment impairment 0 128 0
Tax resolution related to former IS&GS business 0 55 0
Deferred income taxes (183) 5 222
Pension settlement charge 1,665 0 0
Severance and restructuring charges 36 27 0
Gain on property sale 0 0 (51)
Changes in assets and liabilities      
Receivables, net 15 359 107
Contract assets (1,034) (451) 378
Inventories 564 74 (622)
Accounts payable (98) (372) (1,098)
Contract liabilities 562 491 563
Income taxes 45 (19) (151)
Postretirement benefit plans (267) (1,197) 81
Other, net 10 739 274
Net cash provided by operating activities 9,221 8,183 7,311
Investing activities      
Capital expenditures (1,522) (1,766) (1,484)
Acquisitions of businesses 0 (282) 0
Other, net 361 38 243
Net cash used for investing activities (1,161) (2,010) (1,241)
Financing activities      
Repayment of commercial paper, net 0 0 (600)
Issuance of long-term debt, net of related costs 0 1,131 0
Repayments of long-term debt (500) (1,650) (900)
Repurchases of common stock (4,087) (1,100) (1,200)
Dividends paid (2,940) (2,764) (2,556)
Other, net (89) (144) (72)
Net cash used for financing activities (7,616) (4,527) (5,328)
Net change in cash and cash equivalents 444 1,646 742
Cash and cash equivalents at beginning of year 3,160 1,514 772
Cash and cash equivalents at end of year $ 3,604 $ 3,160 $ 1,514