Consolidated Statements of Earnings - USD ($) $ in Millions	12 Months Ended
Consolidated Statements of Earnings - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Sales
Total sales	$ 75,048	$ 71,043	$ 67,571
Operating costs and expenses
Impairment and other charges	(66)	(87)	(92)
Other unallocated, net	996	1,043	1,233
Total operating costs and expenses	(67,429)	(64,113)	(59,092)
Gross profit	7,619	6,930	8,479
Other income, net	112	83	28
Operating profit	7,731	7,013	8,507
Interest expense	(1,118)	(1,036)	(916)
Non-service FAS pension (expense) income	(874)	62	443
Other non-operating income, net	183	181	64
Earnings before income taxes	5,922	6,220	8,098
Income tax expense	(905)	(884)	(1,178)
Net earnings	$ 5,017	$ 5,336	$ 6,920
Earnings per common share
Basic (in dollars per share)	$ 21.56	$ 22.39	$ 27.65
Diluted (in dollars per share)	$ 21.49	$ 22.31	$ 27.55
Products
Sales
Total sales	$ 62,654	$ 59,277	$ 56,265
Operating costs and expenses
Total operating costs and expenses	(57,020)	(54,852)	(50,206)
Services
Sales
Total sales	12,394	11,766	11,306
Operating costs and expenses
Total operating costs and expenses	$ (11,339)	$ (10,217)	$ (10,027)

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Operating activities
Net earnings	$ 5,017	$ 5,336	$ 6,920
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation and amortization	1,687	1,559	1,430
Stock-based compensation	304	277	265
Deferred income taxes	372	(588)	(498)
Pension settlement charge	479	0	0
Impairment and other charges	66	87	92
Reach-forward losses on select programs	1,615	1,965	45
Changes in:
Receivables, net	(1,550)	(219)	373
Contract assets	(283)	(109)	(865)
Inventories	(286)	(478)	(44)
Accounts payable	1,341	(93)	151
Contract liabilities	1,219	605	702
Income taxes	(255)	131	(133)
Qualified defined benefit pension plans	(415)	(992)	(378)
Other, net	(754)	(509)	(140)
Net cash provided by operating activities	8,557	6,972	7,920
Investing activities
Capital expenditures	(1,649)	(1,685)	(1,691)
Other, net	(328)	(107)	(3)
Net cash used for investing activities	(1,977)	(1,792)	(1,694)
Financing activities
Issuance of long-term debt, net of related costs	1,985	2,970	1,975
Repayments of long-term debt	(642)	(168)	(115)
Repurchases of common stock	(3,000)	(3,700)	(6,000)
Dividends paid	(3,131)	(3,059)	(3,056)
Other, net	(154)	(182)	(135)
Net cash used for financing activities	(4,942)	(4,139)	(7,331)
Net change in cash and cash equivalents	1,638	1,041	(1,105)
Cash and cash equivalents at beginning of year	2,483	1,442	2,547
Cash and cash equivalents at end of year	$ 4,121	$ 2,483	$ 1,442

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 4,121	$ 2,483
Receivables, net	3,901	2,351
Contract assets	13,001	12,957
Inventories	3,524	3,474
Other current assets	815	584
Total current assets	25,362	21,849
Property, plant and equipment, net	8,875	8,726
Goodwill	11,314	11,067
Intangible assets, net	1,887	2,015
Deferred income taxes	2,975	3,557
Capitalized software	2,417	1,866
Other noncurrent assets	7,010	6,537
Total assets	59,840	55,617
Current liabilities
Accounts payable	3,630	2,222
Salaries, benefits and payroll taxes	3,184	3,125
Contract liabilities	11,440	9,795
Current maturities of long-term debt	1,168	643
Other current liabilities	3,913	3,635
Total current liabilities	23,335	19,420
Long-term debt, net	20,532	19,627
Accrued pension liabilities	3,915	4,791
Other noncurrent liabilities	5,337	5,446
Total liabilities	53,119	49,284
Stockholders’ equity
Common stock, $1 par value per share	229	234
Additional paid-in capital	0	0
Retained earnings	14,034	14,551
Accumulated other comprehensive loss	(7,542)	(8,452)
Total stockholders’ equity	6,721	6,333
Total liabilities and equity	$ 59,840	$ 55,617