XML 96 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating Activities      
Net earnings $ 2,655 $ 2,878 $ 2,973
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 1,008 1,052 1,014
Stock-based compensation 157 168 154
Deferred income taxes (2) 452 567
Severance and other charges 136 [1] 220 [1]  
Reduction in tax expense from resolution of certain tax matters (89) (10) (69)
Tax expense related to Medicare Part D reimbursement   96  
Net adjustments related to discontinued operations (16) (257)  
Changes in assets and liabilities:      
Receivables, net (363) 3 (685)
Inventories, net (74) (207) (237)
Accounts payable 609 (364) (21)
Customer advances and amounts in excess of costs incurred 502 706 496
Postretirement benefit plans (393) (1,027) (394)
Income taxes 304 70 (272)
Other, net (181) 21 (39)
Net cash provided by operating activities 4,253 3,801 3,487
Investing Activities      
Expenditures for property, plant and equipment (814) (820) (852)
Expenditures for capitalized internal-use software (173) (254) (314)
Net cash provided by (used for) short-term investment transactions 510 (171) (279)
Net proceeds from sale of EIG   798  
Acquisitions of businesses / investments in affiliates (649) (148) (435)
Other, net 313 22 48
Net cash used for investing activities (813) (573) (1,832)
Financing Activities      
Repurchases of common stock (2,465) (2,420) (1,851)
Common stock dividends (1,095) (969) (908)
Issuance of long-term debt, net of related costs 1,980   1,464
Repayments of long-term debt (632)   (242)
Other, net 93 31 105
Net cash used for financing activities (2,119) (3,358) (1,432)
Net increase (decrease) in cash and cash equivalents 1,321 (130) 223
Cash and cash equivalents at beginning of year 2,261 2,391 2,168
Cash and cash equivalents at end of year $ 3,582 $ 2,261 $ 2,391
[1] Severance and other charges include the severance charges recorded in 2011 associated with Aeronautics, IS&GS, and Space Systems business segments, and Corporate Headquarters, and for 2010, included the charges related to the VESP and facilities consolidation within Electronic Systems (Note 2).