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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating activities      
Net earnings $ 2,745 $ 2,655 $ 2,878
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 988 1,008 1,052
Stock-based compensation 167 157 168
Deferred income taxes 930 (2) 452
Severance and other charges 48 [1] 136 [1] 220 [1]
Reduction in tax expense from resolution of certain tax matters   (89) (10)
Tax expense related to Medicare Part D reimbursement     96
Net adjustments related to discontinued operations   (16) (257)
Changes in operating assets and liabilities:      
Receivables, net (460) (363) 3
Inventories, net (422) (74) (207)
Accounts payable (236) 609 (364)
Customer advances and amounts in excess of costs incurred 57 502 706
Postretirement benefit plans (1,883) (393) (1,027)
Income taxes (535) 304 70
Other, net 162 (181) 21
Net cash provided by operating activities 1,561 4,253 3,801
Investing activities      
Capital expenditures (942) (987) (1,074)
Acquisitions of businesses / investments in affiliates (304) (649) (148)
Net proceeds from sale of EIG     798
Net cash provided by (used for) short-term investment transactions   510 (171)
Other, net 24 313 22
Net cash used for investing activities (1,222) (813) (573)
Financing activities      
Repurchases of common stock (990) (2,465) (2,420)
Proceeds from stock option exercises 440 116 59
Dividends paid (1,352) (1,095) (969)
Premium paid on debt exchange (225)    
Issuance of long-term debt, net of related costs   1,980  
Repayments of long-term debt   (632)  
Other, net 104 (23) (28)
Net cash used for financing activities (2,023) (2,119) (3,358)
Net change in cash and cash equivalents (1,684) 1,321 (130)
Cash and cash equivalents at beginning of year 3,582 2,261 2,391
Cash and cash equivalents at end of year $ 1,898 $ 3,582 $ 2,261
[1] Severance and other charges include the severance charges recorded in 2012 associated with our Aeronautics business segment and the reorganization of our former Electronic Systems business segment; for 2011, include the severance charges associated with our Aeronautics, IS&GS, and Space Systems business segments, and Corporate Headquarters; and for 2010, include the charges related to the VESP and the facilities consolidation within our MST business segment (Note 13). Severance charges for initiatives that are not significant are included in business segment operating profit.