10-Q Filing

NORTHROP GRUMMAN CORP /DE/ CIK: 1133421 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001133421-17-000020`
Period End Date	20170331
Filing Date	20170426
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	noc-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 Income Statement 44 Cash Flow Statement 52 Stockholders Equity 14

Balance Sheet 75 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$4.83B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$4.90B	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.28B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.40B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.32B	USD	Point-in-time
Preferred Stock, par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.54B	USD	Point-in-time
Accounts receivable, net	`ReceivablesLongTermContractsOrPrograms`	$3.30B	USD	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred Stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivable, net	`ReceivablesLongTermContractsOrPrograms`	$4.07B	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventoried costs, net	`InventoryNet`	$933.00M	USD	Point-in-time
Preferred Stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventoried costs, net	`InventoryNet`	$816.00M	USD	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`OtherAssetsCurrent`	$160.00M	USD	Point-in-time
Prepaid expenses and other current assets	`OtherAssetsCurrent`	$200.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.86B	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.57B	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	800.00M	shares	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	800.00M	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $4,904 in 2017 and $4,831 in 2016	`PropertyPlantAndEquipmentNet`	$3.59B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $4,904 in 2017 and $4,831 in 2016	`PropertyPlantAndEquipmentNet`	$3.66B	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	175.07M	shares	Point-in-time
Goodwill	`Goodwill`	$12.45B	USD	Point-in-time
Goodwill	`Goodwill`	$12.45B	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	174.68M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$1.42B	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	175.07M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$1.46B	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	174.68M	shares	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$1.26B	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$1.32B	USD	Point-in-time
Total assets	`Assets`	$25.41B	USD	Point-in-time
Total assets	`Assets`	$25.61B	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$1.37B	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$1.55B	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$1.34B	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrent`	$1.14B	USD	Point-in-time
Advance payments and amounts in excess of costs incurred	`CustomerAdvancesCurrent`	$1.47B	USD	Point-in-time
Advance payments and amounts in excess of costs incurred	`CustomerAdvancesCurrent`	$1.29B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.26B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.37B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.17B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.63B	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtAndCapitalLeaseObligations`	$7.06B	USD	Point-in-time
Long-term debt, net of current portion	`LongTermDebtAndCapitalLeaseObligations`	$7.06B	USD	Point-in-time
Pension and other post-retirement benefit plan liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$6.82B	USD	Point-in-time
Pension and other post-retirement benefit plan liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$6.75B	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$849.00M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$881.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$19.86B	USD	Point-in-time
Total liabilities	`Liabilities`	$20.36B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $1 par value; 10,000,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $1 par value; 10,000,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $1 par value; 800,000,000 shares authorized; issued and outstanding: 2017174,675,878 and 2016175,068,263	`CommonStockValue`	$175.00M	USD	Point-in-time
Common stock, $1 par value; 800,000,000 shares authorized; issued and outstanding: 2017174,675,878 and 2016175,068,263	`CommonStockValue`	$175.00M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$10.63B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$10.82B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.44B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.55B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$5.26B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$5.56B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$5.62B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$25.61B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$25.41B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Product	`SalesRevenueGoodsNet`	$3.83B	USD	1 Quarter
Product	`SalesRevenueGoodsNet`	$3.48B	USD	1 Quarter
Service	`SalesRevenueServicesNet`	$2.43B	USD	1 Quarter
Service	`SalesRevenueServicesNet`	$2.48B	USD	1 Quarter
Total sales	`SalesRevenueNet`	$5.96B	USD	1 Quarter
Total sales	`SalesRevenueNet`	$6.27B	USD	1 Quarter
Product	`CostOfGoodsSold`	$2.61B	USD	1 Quarter
Product	`CostOfGoodsSold`	$2.87B	USD	1 Quarter
Service	`CostOfServices`	$1.95B	USD	1 Quarter
Service	`CostOfServices`	$1.89B	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$656.00M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$677.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$832.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$739.00M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$76.00M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$75.00M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$13.00M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$16.00M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$773.00M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$676.00M	USD	1 Quarter
Federal and foreign income tax expense	`IncomeTaxExpenseBenefit`	$133.00M	USD	1 Quarter
Federal and foreign income tax expense	`IncomeTaxExpenseBenefit`	$120.00M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$640.00M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$556.00M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$3.66	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$3.07	USD	1 Quarter
Weighted-average common shares outstanding, in millions	`WeightedAverageNumberOfSharesOutstandingBasic`	181.30M	shares	1 Quarter
Weighted-average common shares outstanding, in millions	`WeightedAverageNumberOfSharesOutstandingBasic`	174.80M	shares	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$3.63	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$3.03	USD	1 Quarter
Weighted-average diluted shares outstanding, in millions	`WeightedAverageNumberOfDilutedSharesOutstanding`	176.10M	shares	1 Quarter
Weighted-average diluted shares outstanding, in millions	`WeightedAverageNumberOfDilutedSharesOutstanding`	183.40M	shares	1 Quarter
Net earnings (from above)	`NetIncomeLoss`	$640.00M	USD	1 Quarter
Net earnings (from above)	`NetIncomeLoss`	$556.00M	USD	1 Quarter
Change in unamortized benefit plan costs, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-99.00M	USD	1 Quarter
Change in unamortized benefit plan costs, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-101.00M	USD	1 Quarter
Change in cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.00M	USD	1 Quarter
Change in cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.00M	USD	1 Quarter
Other, net	`OtherComprehensiveIncomelossotheradjustmentnetoftax`	$-1.00M	USD	1 Quarter
Other, net	`OtherComprehensiveIncomelossotheradjustmentnetoftax`	$2.00M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$96.00M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$105.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$652.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$745.00M	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$640.00M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$556.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$104.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$103.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$17.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$14.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-35.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-16.00M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$773.00M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$514.00M	USD	1 Quarter
Inventoried costs, net	`IncreaseDecreaseInInventories`	$117.00M	USD	1 Quarter
Inventoried costs, net	`IncreaseDecreaseInInventories`	$89.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$46.00M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-466.00M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-364.00M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$152.00M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$174.00M	USD	1 Quarter
Retiree benefits	`IncreaseDecreaseInPensionAndPostretirementObligations`	$105.00M	USD	1 Quarter
Retiree benefits	`IncreaseDecreaseInPensionAndPostretirementObligations`	$86.00M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$6.00M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$20.00M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-439.00M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-60.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$216.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$298.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.00M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-298.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-214.00M	USD	1 Quarter
Common stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$282.00M	USD	1 Quarter
Common stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$229.00M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$107.00M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$166.00M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$159.00M	USD	1 Quarter
Payments of employee taxes withheld from share-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$90.00M	USD	1 Quarter
Payments of employee taxes withheld from share-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$137.00M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.00M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-684.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-485.00M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.14B	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.04B	USD	1 Quarter
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.28B	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.40B	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.32B	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.54B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.28B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.40B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.32B	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.54B	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning of year	`StockholdersEquity`	$5.26B	USD	Point-in-time
Beginning of year	`StockholdersEquity`	$5.56B	USD	Point-in-time
Beginning of year	`StockholdersEquity`	$5.62B	USD	Point-in-time
Net earnings	`NetIncomeLoss`	$640.00M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$556.00M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$96.00M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$105.00M	USD	1 Quarter
End of period	`StockholdersEquity`	$5.26B	USD	Point-in-time
End of period	`StockholdersEquity`	$5.56B	USD	Point-in-time
End of period	`StockholdersEquity`	$5.62B	USD	Point-in-time
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.90	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.80	USD	Point-in-time
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.90	USD	Point-in-time
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.80	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.