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Pay vs Performance Disclosure
5 Months Ended 7 Months Ended 12 Months Ended
Jun. 14, 2020
Dec. 31, 2020
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]          
Pay vs Performance [Table Text Block]    
Year
Summary Compensation Table Total
for PEO (Taiclet)(1)
Compensation Actually Paid
to PEO (Taiclet)(2)
Summary Compensation Table Total
for PEO (Hewson)(1)
Compensation Actually Paid
to PEO (Hewson)(2)
Average Summary Compensation Table Total for Non-PEO NEOs(2)
Average Compensation Actually Paid to Non-PEO NEOs(2)
Value of Initial Fixed
$100 Investment Based On:
Net Income(4)
Free Cash Flow(5)
Total Shareholder Return
Peer Group Total Shareholder Return(3)
($)($)($)($)($)($)($)($)($)($)
(a)
(b)
(c)(b)(c)(d)(e)(f)(g)(h)(i)
2022
24,810,545
45,201,355 — — 7,892,151 12,280,312 135.57 111.54 5,732 6,132 
202118,111,211 18,685,666 — — 6,318,045 5,193,364 96.54 95.03 6,315 7,699 
2020
23,360,369 22,409,142 28,499,825 28,639,659 8,536,811 8,118,636 93.55 83.94 6,833 6,417 
   
Company Selected Measure Name     Free Cash Flow    
Named Executive Officers, Footnote [Text Block]     Mr. Taiclet was elected CEO effective June 15, 2020, succeeding Ms. Marillyn A. Hewson. The individuals comprising the Non-PEO NEOs are for 2022: Mr. Malave, Mr. Mollard, Mr. St. John, Mr. Greene, Ms. Lavan and Mr. Ulmer; for 2021: Mr. Mollard, Mr. Kenneth P. Possenriede, Mr. St. John, Mr. Richard F. Ambrose, Ms. Stephanie C. Hill and Ms. Hewson; and for 2020: Mr. Possenriede, Mr. St. John, Mr. Ambrose and Ms. Michele A. Evans.    
Peer Group Issuers, Footnote [Text Block]     Reflects S&P Aerospace & Defense Index.    
Adjustment To PEO Compensation, Footnote [Text Block]     CAP reflects the total compensation reported in the Summary Compensation Table for the applicable year adjusted to include or exclude the amounts shown in the tables below for the NEOs. Amounts in the Exclusion of Change in Pension Value column reflect the amounts attributable to the Change in Pension Value reported in the Summary Compensation Table. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table. The Inclusion of Pension Service Cost column would report amounts based on the pension service cost for services rendered during the listed year and any prior service cost or credit attributable to a plan amendment for services rendered prior to the amendment. For the Company, there are no amounts listed in this column because the Company’s pension plan was frozen effective January 1, 2020 and there have not been any plan amendments triggering additional costs or credits in the years covered. Equity values are calculated in accordance with FASB ASC Topic 718.
Summary Compensation Table TotalExclusion of Change in Pension ValueExclusion of Stock AwardsInclusion of Pension Service CostInclusion of Equity Values*Compensation Actually Paid
($)($)($)($)($)($)
James D. Taiclet
202224,810,545 — (13,413,894)— 33,804,704 45,201,355 
202118,111,211 — (10,783,715)— 11,358,170 18,685,666 
2020
23,360,369 — (18,611,850)— 17,660,623 22,409,142 
Marillyn A. Hewson
202028,499,825 (2,445,000)(12,818,340)— 15,403,174 28,639,659 
Average of Non-PEO NEOs
20227,892,151 — (4,648,089)— 9,036,250 12,280,312 
20216,318,045 — (2,518,462)— 1,393,781 5,193,364 
20208,536,811 (720,038)(3,805,702)— 4,107,564 8,118,636 
*    The amounts in the Inclusion of Equity Values in the table above are derived from the amounts set forth in the following table:
Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity AwardsVesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year Value of Dividends or Other Earnings Paid on Stock or Option Awards Not Otherwise IncludedTotal - Inclusion of Equity Values
($)($)($)($)($)($)($)
James D. Taiclet
202217,510,143 15,944,680 — 349,881 33,804,704 
202111,928,062 (761,733)— 191,841 — — 11,358,170 
2020
17,660,623 — — — — — 17,660,623 
Marillyn A. Hewson
202013,109,831 (143,041)164,491 2,271,893 — — 15,403,174 
Average of Non-PEO NEOs
20225,926,948 2,832,204 118,924 158,175 — — 9,036,250 
20211,970,122 (47,405)30,538 (173,903)(385,571)— 1,393,781 
2020
3,898,853 (31,118)38,958 200,871 — — 4,107,564 
   
Non-PEO NEO Average Total Compensation Amount     $ 7,892,151 $ 6,318,045 $ 8,536,811
Non-PEO NEO Average Compensation Actually Paid Amount     $ 12,280,312 5,193,364 8,118,636
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]     CAP reflects the total compensation reported in the Summary Compensation Table for the applicable year adjusted to include or exclude the amounts shown in the tables below for the NEOs. Amounts in the Exclusion of Change in Pension Value column reflect the amounts attributable to the Change in Pension Value reported in the Summary Compensation Table. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table. The Inclusion of Pension Service Cost column would report amounts based on the pension service cost for services rendered during the listed year and any prior service cost or credit attributable to a plan amendment for services rendered prior to the amendment. For the Company, there are no amounts listed in this column because the Company’s pension plan was frozen effective January 1, 2020 and there have not been any plan amendments triggering additional costs or credits in the years covered. Equity values are calculated in accordance with FASB ASC Topic 718.
Summary Compensation Table TotalExclusion of Change in Pension ValueExclusion of Stock AwardsInclusion of Pension Service CostInclusion of Equity Values*Compensation Actually Paid
($)($)($)($)($)($)
James D. Taiclet
202224,810,545 — (13,413,894)— 33,804,704 45,201,355 
202118,111,211 — (10,783,715)— 11,358,170 18,685,666 
2020
23,360,369 — (18,611,850)— 17,660,623 22,409,142 
Marillyn A. Hewson
202028,499,825 (2,445,000)(12,818,340)— 15,403,174 28,639,659 
Average of Non-PEO NEOs
20227,892,151 — (4,648,089)— 9,036,250 12,280,312 
20216,318,045 — (2,518,462)— 1,393,781 5,193,364 
20208,536,811 (720,038)(3,805,702)— 4,107,564 8,118,636 
*    The amounts in the Inclusion of Equity Values in the table above are derived from the amounts set forth in the following table:
Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity AwardsVesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year Value of Dividends or Other Earnings Paid on Stock or Option Awards Not Otherwise IncludedTotal - Inclusion of Equity Values
($)($)($)($)($)($)($)
James D. Taiclet
202217,510,143 15,944,680 — 349,881 33,804,704 
202111,928,062 (761,733)— 191,841 — — 11,358,170 
2020
17,660,623 — — — — — 17,660,623 
Marillyn A. Hewson
202013,109,831 (143,041)164,491 2,271,893 — — 15,403,174 
Average of Non-PEO NEOs
20225,926,948 2,832,204 118,924 158,175 — — 9,036,250 
20211,970,122 (47,405)30,538 (173,903)(385,571)— 1,393,781 
2020
3,898,853 (31,118)38,958 200,871 — — 4,107,564 
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]    
Relationship Between CAP and Cumulative TSR, Net Income and Free Cash Flow
The following chart sets forth the relationship between CAP for our PEOs, the CAP average for our other NEOs, and our cumulative total shareholder returns during the three most recently completed years. As illustrated, CAP generally correlates with our total shareholder returns as the majority of executive compensation is delivered through long-term incentives, the value of which is largely dependent on total shareholder return, including changes to our stock price. Additionally, our forecasted performance factor for our unvested Performance Stock Units granted over the last three years increased significantly primarily due to the improvement in our Relative TSR performance (weighted 50%) from 2021 to 2022. The stockholder return performance indicated on the graph below is not a guarantee of future performance.
lmt-20230313_g157.jpg
   
Compensation Actually Paid vs. Net Income [Text Block]    
Relationship Between CAP and Cumulative TSR, Net Income and Free Cash Flow
The following chart sets forth the relationship between CAP for our PEOs, the CAP average for our other NEOs, and our cumulative total shareholder returns during the three most recently completed years. As illustrated, CAP generally correlates with our total shareholder returns as the majority of executive compensation is delivered through long-term incentives, the value of which is largely dependent on total shareholder return, including changes to our stock price. Additionally, our forecasted performance factor for our unvested Performance Stock Units granted over the last three years increased significantly primarily due to the improvement in our Relative TSR performance (weighted 50%) from 2021 to 2022. The stockholder return performance indicated on the graph below is not a guarantee of future performance.
lmt-20230313_g157.jpg
   
Compensation Actually Paid vs. Company Selected Measure [Text Block]    
Relationship Between CAP and Cumulative TSR, Net Income and Free Cash Flow
The following chart sets forth the relationship between CAP for our PEOs, the CAP average for our other NEOs, and our cumulative total shareholder returns during the three most recently completed years. As illustrated, CAP generally correlates with our total shareholder returns as the majority of executive compensation is delivered through long-term incentives, the value of which is largely dependent on total shareholder return, including changes to our stock price. Additionally, our forecasted performance factor for our unvested Performance Stock Units granted over the last three years increased significantly primarily due to the improvement in our Relative TSR performance (weighted 50%) from 2021 to 2022. The stockholder return performance indicated on the graph below is not a guarantee of future performance.
lmt-20230313_g157.jpg
   
Total Shareholder Return Vs Peer Group [Text Block]    
Stockholder Returns Versus Peer Group
For purposes of the Pay Versus Performance disclosure, we measure our TSR performance against the industry-focused index disclosed in the stock performance graph of our Annual Report on Form 10-K. The comparison assumes $100 was invested in the Company and in the S&P Aerospace & Defense Index for the period starting December 31, 2019 and was held through the end of each year listed in the first table set forth above. All dollar values assume reinvestment of dividends paid by companies, where applicable, included in the S&P Aerospace & Defense Index. Historical stock performance is not necessarily indicative of future stock performance.
This table does not reflect how the Compensation Committee considers TSR in setting executive pay or linking executive pay to Company performance.
lmt-20230313_g158.jpg
   
Tabular List [Table Text Block]    
Other Most Important Performance Measures
The table to the right lists what in the Company’s assessment are the most important financial performance measures used by the Company to link the CAP of our NEOs for 2022 to Company performance. The measures in the table are not ranked. See the Compensation Discussion and Analysis and Appendix A for more information on ROIC, Segment Operating Profit and Free Cash Flow. Most Important Performance Measures
Sales
Segment Operating Profit
Free Cash Flow
ROIC
Relative TSR
   
Total Shareholder Return Amount     $ 135.57 96.54 93.55
Peer Group Total Shareholder Return Amount     111.54 95.03 83.94
Net Income (Loss)     $ 5,732 $ 6,315 $ 6,833
Company Selected Measure Amount     6,132 7,699 6,417
PEO Name Ms. Marillyn A. Hewson (1)Mr. Taiclet (1)Mr. Taiclet (1)Mr. Taiclet  
Additional 402(v) Disclosure [Text Block]     “Net income” is equivalent to “Net earnings” as reported in the Company’s financial statements.
Net Income and Free Cash Flow are also important components of our executive compensation incentive plans. Free Cash Flow is incorporated in both our annual and long-term incentive plans, while Net Income is part of the formula for our ROIC calculation in our long-term incentive program. While Net Income and Free Cash Flow are key financial measures that can also affect our TSRs, they do not have as strong of a relation to CAP given that the methodology in determining CAP is primarily based on changes to equity-based award values tied to our annual stock price performance. As an example, both Net Income and Free Cash Flow decreased, while our TSR increased significantly from 2021 to 2022 resulting in an increase in CAP.
As shown in the Pay versus Performance table on page 72 above, CAP decreased from 2020 to 2021 and increased from 2021 to 2022, while Net Income decreased from 2020 to 2021 and 2021 to 2022 and Free Cash Flow increased from 2020 to 2021 and decreased from 2021 to 2022. See “2022 Compensation Elements” in “Compensation Discussion and Analysis” for more information on the contribution of these measures to 2022 incentive awards.
   
Measure [Axis]: 1          
Pay vs Performance Disclosure [Table]          
Measure Name     Sales    
Measure [Axis]: 2          
Pay vs Performance Disclosure [Table]          
Measure Name     Segment Operating Profit    
Measure [Axis]: 3          
Pay vs Performance Disclosure [Table]          
Measure Name     Free Cash Flow    
Non-GAAP Measure Description [Text Block]     SEC rules require us to designate a “company-selected measure” that in our assessment represents the most important financial performance measure (that is not total shareholder return or net income) used by the Company to link the CAP of our NEOs, for the most recently completed fiscal year, to our performance. We selected Free Cash Flow as this measure for 2022 as reflected in column (i) in the first table above. Free Cash Flow is a non-GAAP measure and is defined as cash from operations less capital expenditures. See Appendix A for more information on Free Cash Flow and how it is calculated. This performance measure may not have been the most important financial performance measure for years 2021 and 2020 and we may determine a different financial performance measure to be the most important financial performance measure in future years.    
Measure [Axis]: 4          
Pay vs Performance Disclosure [Table]          
Measure Name     ROIC    
Measure [Axis]: 5          
Pay vs Performance Disclosure [Table]          
Measure Name     Relative TSR    
Taiclet [Member]          
Pay vs Performance Disclosure [Table]          
PEO Total Compensation Amount     $ 24,810,545 $ 18,111,211 $ 23,360,369
PEO Actually Paid Compensation Amount     45,201,355 18,685,666 22,409,142
Hewson [Member]          
Pay vs Performance Disclosure [Table]          
PEO Total Compensation Amount     0 0 28,499,825
PEO Actually Paid Compensation Amount     0 0 28,639,659
PEO [Member] | Taiclet [Member] | Adjustment, Exclusion of Change in Pension Value [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     0 0 0
PEO [Member] | Taiclet [Member] | Adjustment, Exclusion of Stock Awards [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     (13,413,894) (10,783,715) (18,611,850)
PEO [Member] | Taiclet [Member] | Adjustment, Inclusion of Pension Service Cost [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     0 0 0
PEO [Member] | Taiclet [Member] | Adjustment, Equity Award Adjustments [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     33,804,704 11,358,170 17,660,623
PEO [Member] | Taiclet [Member] | Equity Awards Granted During the Year, Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount, Equity Awards     17,510,143 11,928,062 17,660,623
PEO [Member] | Taiclet [Member] | Equity Awards Granted in Prior Years, Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount, Equity Awards     15,944,680 (761,733) 0
PEO [Member] | Taiclet [Member] | Equity Awards Granted During the Year, Vested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount, Equity Awards     0 0 0
PEO [Member] | Taiclet [Member] | Equity Awards Granted in Prior Years, Vested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount, Equity Awards     349,881 191,841 0
PEO [Member] | Taiclet [Member] | Equity Awards that Failed to Meet Vesting Conditions [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount, Equity Awards     0 0
PEO [Member] | Taiclet [Member] | Equity Awards, Value of Dividends and Other Earnings Paid Adjustment [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount, Equity Awards     0 0
PEO [Member] | Hewson [Member] | Adjustment, Exclusion of Change in Pension Value [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount         (2,445,000)
PEO [Member] | Hewson [Member] | Adjustment, Exclusion of Stock Awards [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount         (12,818,340)
PEO [Member] | Hewson [Member] | Adjustment, Inclusion of Pension Service Cost [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount         0
PEO [Member] | Hewson [Member] | Adjustment, Equity Award Adjustments [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount         15,403,174
PEO [Member] | Hewson [Member] | Equity Awards Granted During the Year, Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount, Equity Awards         13,109,831
PEO [Member] | Hewson [Member] | Equity Awards Granted in Prior Years, Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount, Equity Awards         (143,041)
PEO [Member] | Hewson [Member] | Equity Awards Granted During the Year, Vested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount, Equity Awards         164,491
PEO [Member] | Hewson [Member] | Equity Awards Granted in Prior Years, Vested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount, Equity Awards         2,271,893
PEO [Member] | Hewson [Member] | Equity Awards that Failed to Meet Vesting Conditions [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount, Equity Awards         0
PEO [Member] | Hewson [Member] | Equity Awards, Value of Dividends and Other Earnings Paid Adjustment [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount, Equity Awards         0
Non-PEO NEO [Member] | Adjustment, Exclusion of Change in Pension Value [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     0 0 (720,038)
Non-PEO NEO [Member] | Adjustment, Exclusion of Stock Awards [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     (4,648,089) (2,518,462) (3,805,702)
Non-PEO NEO [Member] | Adjustment, Inclusion of Pension Service Cost [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     0 0 0
Non-PEO NEO [Member] | Adjustment, Equity Award Adjustments [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     9,036,250 1,393,781 4,107,564
Non-PEO NEO [Member] | Equity Awards Granted During the Year, Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount, Equity Awards     5,926,948 1,970,122 3,898,853
Non-PEO NEO [Member] | Equity Awards Granted in Prior Years, Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount, Equity Awards     2,832,204 (47,405) (31,118)
Non-PEO NEO [Member] | Equity Awards Granted During the Year, Vested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount, Equity Awards     118,924 30,538 38,958
Non-PEO NEO [Member] | Equity Awards Granted in Prior Years, Vested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount, Equity Awards     158,175 (173,903) 200,871
Non-PEO NEO [Member] | Equity Awards that Failed to Meet Vesting Conditions [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount, Equity Awards     0 (385,571) 0
Non-PEO NEO [Member] | Equity Awards, Value of Dividends and Other Earnings Paid Adjustment [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount, Equity Awards     $ 0 $ 0 $ 0